With characteristic lack of restraint, the Trump administration last week jumped the gun on the World Bank presidential election process by naming David Malpass as its preferred candidate to succeed Jim Yong Kim. The formal nomination process, which...
Donald Trump tells us the US economy is “absolutely booming”, the “strongest we’ve ever had” and “the greatest in the history of America”. Well, at his Mar-a-Lago country club where the price of admission has doubled to $200,000, he is right. The ec...
Growing tension between the world’s major powers is the most urgent global risk and makes it harder to mobilise collective action to tackle climate change, according to a report prepared for next week’s World Economic Forum in Davos, Switzerland. T...
Philip Hammond is facing a £12bn hole in the public finances this year after changes to the way student loans are treated on the government’s books, reflecting that many will never be repaid. In a stroke of the pen from the Office for National Stati...
Shares on Wall Street fell in early trading on Friday, as global markets headed for their longest losing streak in five years. New York’s Nasdaq index lost 2.5% after the opening bell in the wake of a poor set of tech results on Thursday, continuing...
Donald Trump has issued China with a renewed threat that he could impose $200bn of import tariffs on Chinese goods arriving in America as part of the escalating trade war between Washington and Beijing. The US president used a post on Twitter to war...
The UK economy would rapidly start to contract in the event of a disruptive exit from the EU next spring, according to a stark International Monetary Fund report that highlights the recession risks of a no-deal Brexit. Christine Lagarde, the IMF’s m...
Ten years after the financial crash, most Britons remain suspicious of calls to be adventurous with public money. Aware that the pre-2008 economy was akin to a high-wire act, they believe lapsing back into the old borrow-to-spend routine will only h...
[unable to retrieve full-text content]
The billionaire philanthropist and financier George Soros has called for the EU to compensate Italy for migrants landing there, as the country’s hardline new interior minister made his first official trip a provocative one, to one of their main arri...
Greece is to take a substantial step towards easing capital controls – restrictions associated with the worst days of economic crisis – as it prepares to exit its current bailout programme. Signalling that confidence is gradually returning to the co...
The tit-for-tat exchange of tariffs between the United States and China gives the impression the world’s two biggest economies are headed down the road towards a trade war, which would have hugely damaging economic consequences. But this could be av...
After firing the opening shots of a trade war, China and the US have entered what is likely to be a protracted standoff as they jockey to win concessions from each other and avoid hurting their respective economies. Eleven hours after the White Hous...
Fears that Donald Trump is embroiling America in a global trade war intensified on Wednesday after China imposed tit-for-tat import taxes on the US and stock markets plunged. The Dow Jones industrial average dropped and then rallied after markets fe...
China has implemented retaliatory tariffs of up to 25% on $3bn in food imports from the US, raising uncertainty over the possibility of a trade war between the two countries. China’s ministry of commerce said it would be “suspending tariff concessio...