ECONOMY
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Talks over UniCredit rescue of Monte dei Paschi collapse
The Italian government and UniCredit are expected to call off negotiations for the acquisition of troubled lender Monte dei Paschi…
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Erdogan declares 10 western ambassadors persona non grata
President Recep Tayyip Erdogan has ordered ten western ambassadors to be declared persona non grata, risking a new low in…
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Saudi Arabia declares 2060 net zero pledge ahead of COP26 summit
Saudi Arabia has pledged to cut carbon emissions to net zero by 2060, while also maintaining its role as a…
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Inflation pressure now ‘brutal’ because of supply squeeze, US companies say
Shortages throughout the supply chains on which corporate America depends are translating into widespread inflationary pressure, a string of US…
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50 Objects #2: Brylcreem
Brylcreem first glistened into the light of day in Birmingham in 1928. Time has been unkind to the content of…
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Conservative billionaire Vincent Bolloré tightens grip on French media
When journalists at French weekly broadsheet Journal du Dimanche huddled at a newsroom meeting to discuss the sudden ousting of…
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Paradise found: A journey to Idlewild, America’s ‘Black Eden’
It is possible that the people who drove down the public access dock and launched their pontoon on to Idlewild…
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The Bronx tries new way to cure violence as US shootings surge
A wariness came over Julio Ramirez as he walked along Creston Avenue towards 183rd Street, one of the Bronx’s most…
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Facebook failed in its efforts to curb explosion of hate speech ahead of Capitol attack
Internal documents have revealed Facebook’s failed attempt to curb an explosion of hate speech and misinformation ahead of and during…
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The ‘prince’ and the populist: Brazilian monarchist backs Trump media venture
A central figure in former US president Donald Trump’s bid to create a new social media platform is a Brazilian…
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Wealth tax on table as Democrats fight to salvage Biden spending plan
A new levy on the wealth of US billionaires is emerging as an alternative to increases in income tax rates…
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Hot demand for bitcoin ETF as ‘Wild West’ meets Wall St
Wall Street threw open its doors to the crypto industry this week as the first US exchange traded bitcoin fund…
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EU leaders warn of risk to industry over shortage of magnesium from China
EU leaders have raised concerns that a shortage of magnesium could force carmakers and other users of aluminium to shut…
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From Baltic to Balkans, Covid crisis engulfs central and eastern Europe
As ambulances carrying coronavirus patients queue outside Romania’s emergency units, hospitals are running out of beds, morgues are overflowing and…
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How Poland became Europe’s biggest rebel
On October 7, from a spartan courtroom in Warsaw, Julia Przylebska read out a verdict that echoed across the whole…
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Health leaders accuse ministers of bungling rollout of UK booster jab
Medics and science advisers have accused the government of bungling the rollout of Covid-19 boosters and school vaccinations in England,…
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US Supreme Court agrees to hear challenges to Texas abortion law
The US Supreme Court has agreed to hear challenges to the Texas law that restricts abortion rights early next month,…
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Supply chains: spending and output flexibility keys to resilience
Forget sales, profits and even ebitda. This earnings season, investors in the US are scouring quarterly reports and transcripts for…
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Merkel warns of ‘spiral’ in Brussels’ conflict with Poland
German chancellor Angela Merkel has said she is “deeply concerned” about the “ever-widening spiral” of conflict between Warsaw and Brussels…
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Supply chain pressures cast shadow over manufacturing recovery
This article is an on-site version of our The Road to Recovery newsletter. Sign up here to get the newsletter…
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Small UK businesses consider insolvency to escape state Covid loans
Small businesses in the UK are seeking advice on ways to escape dangerous levels of debt built up in government-backed…
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UK government must prepare for ‘rapid deployment’ of strict Covid curbs, Sage says
The UK’s leading science advisers have urged the government to prepare itself for the “rapid deployment” of more stringent Covid-19…
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Joe Manchin, polarising Democrat at heart of Biden bill negotiations
Earlier this month, US senator Joe Manchin found himself surrounded by an unusual group of protesters, when a swarm of…
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Private children’s home providers’ prices and profits too high, says UK regulator
The UK competition regulator has said private children’s home providers are generating “significant profits” from local authorities for inadequate supply,…
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Secretive MoD ‘banking’ unit helps UK wage economic warfare
A taskforce of former bankers and financiers is helping the UK military sharpen its skills in economic warfare as a…
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US intelligence officials warn companies in critical sectors on China
US intelligence officials have launched a campaign to warn American companies about the risks of interacting with China in critical…
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A new German economic era dawns as the Bundesbank changes guard
The author is chief economist at the Centre for European Reform On Wednesday, German negotiators received some unexpected news as…
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Lira reels as Turkey tests investors once more
Another week, another shock to the Turkish lira. The currency plunged to a fresh historical low after Turkey’s central bank…
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Hearing aids: incumbents have a sound basis to withstand disruption
Clunky and fiddly, hearing aids have long carried a stigma. An ageing population is driving demand for more variety. Meanwhile,…
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The soft bigotry of America’s cultural left
This article is an on-site version of our Swamp Notes newsletter. Sign up here to get the newsletter sent straight…
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Eurozone business activity stutters as supply chain woes intensify
Business activity in the eurozone grew at its slowest pace for six months due to a further worsening of the…
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Photographer Sebastião Salgado on why the Amazon is under threat
Rio Jaú, Amazonas, Brazil, 2019 © Sebastião Salgado As far as Brazilian photographer Sebastião Salgado is concerned, you don’t need…
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Moldova poised to declare state of emergency over gas crisis
Moldova is set to declare a state of emergency on Friday as the small former Soviet state seeks alternative gas…
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Desert deluxe: Israel’s lavish new Six Senses resort
To get to the Six Senses Shaharut, the newly opened resort almost at the southern tip of Israel, I left…
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In Berlin 85% of people rent their homes — and prices are spiralling
In a city of renters, 30-year-old Martin Rowe, who works for a music software company, considers himself one of the…
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Avoiding the next nuclear arms race
In October 1962, the world held its breath as two superpowers, the United States and the Soviet Union, threatened each…
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Flash trash! The man reinventing rubbish on Kastellorizo
On the tiny Greek island of Kastellorizo, there is a three-storey house, more or less like any other overlooking the…
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Short cuts: US ski resorts let the wealthy pay to jump the queue — plus easyJet’s first lounge
Park City, Utah Powdr, the Utah-based ski resort operator, has prompted widespread criticism with the introduction of a system in…
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Can Weidmann’s exit help Germany rebuild frayed relations with ECB?
Jens Weidmann, head of Germany’s Bundesbank, has been a lonely voice among Europe’s central bankers for a decade. In 2012,…
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Energy quarrels overshadow Poland at EU summit
Good morning and welcome to Europe Express. The summit wrapped up just before midnight, with EU leaders having to rush…
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The Fed is still conflicted
This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to…
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Notes on a statistical scandal
Even a spreadsheet can become a victim of its own success. Just ask the World Bank’s Doing Business report. While…
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Focus of Fed trading furore shifts to Powell’s activities
Jay Powell sought on Thursday to quash the trading scandal that has rippled through the US central bank in recent…
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Russian mercenaries leave trail of destruction in the Central African Republic
When the tattooed Russian fighters arrived in Alindao, a town in the southern Central African Republic (CAR), the rebels fled…
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Bank regulators seek better way to ride out a crisis
In the scorched-earth aftermath of the financial crisis, regulators were looking for novel ways to avoid a repeat of the…
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What we really want for Christmas this year
It took a global elf shortage for me to realise how much of a “thing” Christmas elves for children have…
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Brazil economy officials quit and investors unnerved by welfare spending plans
Brazil’s government has been hit by the resignation of top officials in its economy ministry, as mounting concerns that Brasília…
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Biden vows to defend Taiwan from any Chinese aggression
US president Joe Biden vowed to defend Taiwan in the face of a potential Chinese aggression, in the latest sign…
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Evergrande pays missed dollar bond coupon: Chinese state media
Evergrande, the heavily indebted Chinese property developer, has repaid a missed interest payment on a dollar bond, state media reported,…
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Japanese PM Kishida’s family links to Taiwan raise hopes of deeper ties
Tseng Hsin-yi passes by the two-storey brick building on the corner of Yier Street in Keelung every morning on her…
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