Economy news

• ‘Like a hostage situation’: South Korea paralysed in lobbying fight against Trump tariffs

  24-12-2024 02:00 via ft.com
  
  Companies fear political vacuum in Seoul will leave them vulnerable to tariffs and loss of subsidies
  
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• ‘A hostage situation’: South Korea paralysed in fight against Trump tariffs

  24-12-2024 02:00 via ft.com
  
  Companies fear political vacuum in Seoul will leave them vulnerable to tariffs and loss of subsidies
  
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• The ironies of Trump’s tantrums about the dollar

  23-12-2024 13:00 via ft.com
  
  His policies would cement the US currency’s dominance while undercutting the institutional framework that is its bedrock
  
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• US launches probe into Chinese semiconductor industry

  23-12-2024 11:51 via ft.com
  
  Investigation comes just weeks before Biden administration hands over to president-elect Donald Trump
  
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• FirstFT: Honda and Nissan outline plan for $54bn merger

  23-12-2024 11:41 via ft.com
  
  Also in today’s newsletter, Trump calls for Panama Canal to be ‘returned’ to US and defence tech groups team up
  
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• UK economy unexpectedly failed to grow in third quarter

  23-12-2024 09:33 via ft.com
  
  Figures are further blow to government facing criticism from businesses after autumn Budget
  
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• FirstFT: Tech groups team up to bid for Pentagon contracts

  23-12-2024 06:30 via ft.com
  
  Also in today’s newsletter, Russia builds nuclear plants overseas and Syria’s Isis detainee camps
  
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• Russia aims to be global leader in nuclear power plant construction

  23-12-2024 06:00 via ft.com
  
  Vladimir Putin’s envoy says more than 10 units are being built in countries such as China, Iran and Turkey
  
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• Irish central banker says uncertainty for rate-setters higher now than in lockdown

  23-12-2024 06:00 via ft.com
  
  Makhlouf speaks out against ‘insurance’ cuts by ECB, despite fears of a US-instigated trade war
  
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• Trump and Panama trade blows over control of canal

  23-12-2024 02:09 via ft.com
  
  President-elect says he would demand vital waterway be ‘returned’ to US if it is not operated to his liking
  
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• Starmer must agree youth mobility pact with EU, says business group

  22-12-2024 23:30 via ft.com
  
  British Chambers of Commerce makes 13 recommendations ahead of ‘reset’ talks on trading relationship next year
  
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• Trump names Treasury adviser from first term to chair economic panel

  22-12-2024 19:15 via ft.com
  
  Nomination of Stephen Miran elevates a critic of Federal Reserve chair Jay Powell to a top White House post
  
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• Trump names critic of Fed chair Powell to top economic job

  22-12-2024 19:15 via ft.com
  
  Stephen Miran served as a Treasury adviser during Trump’s first term
  
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• Elections and inflation loom over holiday season

  22-12-2024 19:15 via ft.com
  
  Plus, Trump chills the world’s central bankers and UK GDP figures steal Labour’s Christmas
  
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• Record $600bn pours into global bond funds in 2024

  22-12-2024 06:00 via ft.com
  
  Investors piled into fixed income in bet on falling interest rates
  
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• ‘Fear in the market’: Brazil’s fiscal shortfall sends currency plumbing new lows

  22-12-2024 06:00 via ft.com
  
  President faces greatest challenge in his third term as leader
  
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• Christmas getaway: Tips to avoid disruption

  20-12-2024 23:01 via bbc.com
  
  Some 14 million drivers are expected to hit the road in the last weekend before Christmas, according to the RAC.
  
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• Mandelson slammed as ‘moron’ by Trump adviser after being named US ambassador

  20-12-2024 19:47 via ft.com
  
  Criticism from Chris LaCivita, the campaign strategist who helped secure former president’s re-election
  
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• Peter Mandelson named as UK’s Washington ambassador

  20-12-2024 18:01 via ft.com
  
  Political heavyweight tasked with averting US tariffs and reaching Donald Trump by appearing on Fox News
  
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• The global inflation battle is stalling and diverging

  20-12-2024 16:24 via ft.com
  Trump’s agenda and domestic uncertainty shroud the rate-cutting cycle
  
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• ‘Big man to big man’: how the luxury industry is preparing for Trump

  20-12-2024 16:12 via ft.com
  US is biggest market for sector which exports vast majority of products from France and Italy
  
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• US stocks rebound from sell-off sparked by Fed

  20-12-2024 16:05 via ft.com
  
  Lower than expected inflation figures help S&P 500 claw back some of its losses
  
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• Swiss strike EU deal after decade of talks

  20-12-2024 15:53 via ft.com
  
  Terms will deepen economic co-operation in return for new immigration and financial commitments
  
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• Government borrowing at three-year low for November

  20-12-2024 14:38 via bbc.com
  
  Public sector borrowing was £11.2bn last month, the lowest November figure since 2021.
  
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• A fiscal fight is brewing in the court of Donald Trump

  20-12-2024 12:00 via ft.com
  
  America’s debt pile and the case for tax cuts will be flashpoints inside the new administration
  
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• Central banking’s Song of Fire and Flood

  20-12-2024 10:24 via ft.com
  
  Why central banks are right to care about the green stuff
  
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• Trump tells EU to buy US oil and gas or face tariffs

  20-12-2024 09:39 via ft.com
  
  US president-elect warns bloc’s member states face tariffs unless they make big purchases
  
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• FirstFT: US government on brink of shutdown

  20-12-2024 06:24 via ft.com
  
  Also in today’s newsletter, crypto hedge funds’ windfall and US sends envoys to Syria
  
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• What if DogeCoin becomes the US currency? And more of your wild proposals answered

  20-12-2024 06:00 via ft.com
  
  What if Bitcoin got adopted as the only way of paying for coffee?
  
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• Trump protectionism threatens energy transition, warns BHP chief

  20-12-2024 06:00 via ft.com
  
  Mike Henry says shifting US policies risk slowing allocation of capital to projects essential to renewables switch
  
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• Russia struggles to tame inflation in ‘overheating’ war economy

  20-12-2024 06:00 via ft.com
  
  Central bank expected to increase critical interest rate from its current record of 21%
  
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• Cost of UK Christmas dinner up 20% since pre-pandemic

  20-12-2024 06:00 via ft.com
  Price of mince pies and turkey jump driven by energy crisis and supply chain disruption
  
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• FirstFT: Central bankers warn of sticky inflation as markets shudder

  19-12-2024 23:21 via ft.com
  
  Also in today’s newsletter, yen sinks after BoJ holds rates, and the FT’s Person of the Year
  
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• Lord Peter Mandelson to be UK’s next ambassador to US

  19-12-2024 20:59 via ft.com
  
  Former Labour cabinet minister picked for new role by Sir Keir Starmer
  
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• Renewed inflation fears stalk central bankers as markets shudder

  19-12-2024 20:02 via ft.com
  Policymakers say they will only cut rates slowly in 2025 as they struggle with ‘last mile’ of cooling price growth
  
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• Bank of England keeps rates on hold as growth prospects dim

  19-12-2024 17:21 via ft.com
  
  Central bank maintains benchmark at 4.75% and highlights risk of persistent inflation
  
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• Interest rates held as Bank says economy doing worse

  19-12-2024 16:48 via bbc.com
  
  The Bank considered a rate cut as it thinks the economy has performed worse than it expected.
  
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• Donald Trump’s presidency looms over the Federal Reserve

  19-12-2024 15:00 via ft.com
  Also in today’s newsletter, president-elect raises the odds of a government shutdown
  
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• What are interest rates? A quick guide

  19-12-2024 14:51 via bbc.co.uk
  
  Why interest rates are so important - especially when they change.
  
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• Why are prices rising in the UK?

  19-12-2024 14:40 via bbc.co.uk
  
  The rate at which prices are rising is still higher than the Bank of England's 2% inflation target.
  
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• When will interest rates fall?

  19-12-2024 14:38 via bbc.co.uk
  
  Bank of England interest rates affect the mortgage, loan and savings rates for millions of people.
  
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• Bank of England holds interest rates at 4.75%

  19-12-2024 13:02 via ft.com
  
  Decision comes after figures showed inflation edged up in November
  
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• Fed buoys dollar and rattles equity markets

  19-12-2024 10:55 via ft.com
  
  Emerging market currencies fall against US dollar after hawkish forecasts from central bank
  
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• Yen sinks after BoJ holds rates amid caution over Trump’s impact

  19-12-2024 09:37 via ft.com
  
  Japan’s central bank governor says ‘one more notch’ of information needed to justify raising rates
  
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• Does the Fed know it’s Christmas time at all?

  19-12-2024 08:48 via ft.com
  
  JPow leaves a lump of coal for the degens
  
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• Trump and the Fed: battle lines

  19-12-2024 07:30 via ft.com
  
  Yesterday was just a prologue
  
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• FirstFT: Trump 2.0 looms large over Fed’s 2025 outlook

  19-12-2024 06:35 via ft.com
  
  Also in today’s newsletter, BoE rate decision and FT’s Person of the Year
  
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• What 2024 taught central bankers

  19-12-2024 06:00 via ft.com
  
  Tough lessons learnt this year will define future strategy for central banks
  
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• Trump’s White House plans loom large over Fed

  19-12-2024 06:00 via ft.com
  
  Tariff threats partly to blame for ‘striking’ increase in central bank’s US inflation forecasts, say economists
  
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• Trump’s pledges seep into Fed’s outlook

  19-12-2024 06:00 via ft.com
  
  Tariff threats partly to blame for ‘striking’ increase in central bank’s US inflation forecasts, say economists
  
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