ECONOMY
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What we know about the damaged Baltic Sea gas pipelines
Mysterious explosions, methane leaks and giant bubbles of gas in the Baltic Sea — alleged sabotage of two European pipelines…
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ECB officials back another hefty rate rise in effort to tame inflation
The European Central Bank is likely to raise interest rates by 0.75 percentage points next month ahead of a further…
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The Lex Newsletter: why it’s not just sterling that’s taking a pounding
This article is an on-site version of The Lex Newsletter. Sign up here to get the complete newsletter sent straight…
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Banks withdraw record number of mortgages from UK market
Banks in the UK have withdrawn a record number of mortgage products overnight following a sharp jump in gilt yields…
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Turkish state banks halt use of Russian payment system
Three Turkish state banks have halted the use of a Russian payment system after Washington put pressure on Ankara not…
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Bank of England warns of ‘material risk’ to financial stability as it intervenes in gilt market
The Bank of England took emergency action on Wednesday to stem a crisis in government bond markets, suspending its programme…
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Sabotage of gas pipelines a wake-up call for Europe, warn officials
The sabotage of two gas pipelines between Russia and Europe should serve as a wake-up call to the continent to…
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Renminbi falls to lowest level since 2008 as dollar strengthens
China’s renminbi fell to the lowest level since 2008 as the country’s central bank holds back from intervening to prop…
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India bans leading Muslim group over terrorism accusations
India’s prime minister Narendra Modi has outlawed a leading Muslim group and its affiliates for five years, accusing it of…
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UK active funds that are holding their own against passives
Latest news on ETFs Visit our ETF Hub to find out more and to explore our in-depth data and comparison…
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UK online safety bill threatens security, WhatsApp chief warns
The head of WhatsApp has warned UK ministers that moves to undermine encryption in a relaunched online safety bill would…
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Central banks have prepared a recipe for monetary overkill and liquidity crises
Having badly misjudged the strength of inflation over the past year, central bankers are now anxious to convey the message…
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This England, Sky Atlantic review — Boris Johnson pandemic drama is both premature and dated
How soon is too soon? The question can’t have troubled Michael Winterbottom for too long. After all, the writer-director started…
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Are we nearly there yet, Jerome?
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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Why the value of my second-hand Toyota has risen tenfold in Japan
For over seven years and just under 100,000km, we have driven our Noah hybrid like the unflashy workhorse Toyota intended…
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US presses EU to speed up financial aid to Ukraine
The US is pressing EU countries to speed up and increase financial support for Ukraine as the IMF explores new…
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JPMorgan’s Chase UK hits 1mn customers as it takes on Goldman Sachs
JPMorgan’s UK digital bank has attracted more than 1mn customers and above £10bn in deposits in the first year of…
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Why crafting an EU gas price cap is taking so long
This article is an onsite version of our Europe Express newsletter. Sign up here to get the newsletter sent straight…
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Cracks in the US labour market are starting to appear
The writer is chief investment strategist at Charles Schwab It’s often been said that a key risk in a monetary…
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Slovakia energy crisis could ‘kill our economy’, premier warns
Slovakia’s prime minister said soaring electricity costs had left his country’s economy at risk of “collapse”, in the starkest comments…
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Iran’s morality police disappear from streets after dozens killed in protests
The white-and-green Guidance Patrol vans, used by Iran’s morality police to monitor and arrest women who defy the Islamic dress…
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Populism vs privatisation: what’s next for Brazil’s Petrobras
The last time the left was in power in Brazil, the country’s most important company was looted in a multibillion-dollar…
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Office slackers: the truth about doing nothing at work
Regular listeners might be forgiven for thinking employees are mostly overwhelmed and overworked. But is the world actually full of…
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Philippines aims to balance ties with US and Chinese
Political allies have hailed Ferdinand Marcos Jr’s first visit to the US as Philippine president as a “home run”: he…
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FirstFT: Public outcry over Shinzo Abe’s $11mn state funeral
Good morning. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas…
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Biden’s renewables push to deliver big benefits to South Korea
“So, Chairman Chung, thank you again for choosing the United States. We will not let you down.” Those were the…
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Joe Manchin pulls divisive permitting proposals from spending bill
A controversial plan to overhaul America’s clunky energy permitting system was gutted from a crucial spending bill on Tuesday —…
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IMF urges UK to ‘re-evaluate’ tax cuts in biting attack on fiscal plan
The IMF has launched a biting attack on the UK’s plan to implement £45bn of debt-funded tax cuts, urging the…
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Russian-held referendums in occupied Ukraine opt for annexation
Voters in four Russian-occupied provinces of southern and eastern Ukraine overwhelmingly agreed to their regions joining Russia in referendums regarded…
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Biden warns Floridians to be ready to evacuate as Hurricane Ian nears
Joe Biden has urged people in Florida to leave their homes if told to do so by local officials, warning…
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Saudi Crown Prince Mohammed bin Salman appointed prime minister
Saudi Crown Prince Mohammed bin Salman has replaced his father King Salman as prime minister, according to a royal decree,…
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Giorgia Meloni’s victory merits concern but not panic
A despondent Italian electorate, on a record-low turnout, has once more chosen change. Voters hope that a rightwing coalition led…
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UK business leaders speak out on fallout from mini-Budget
Lord Stuart Rose, chair of Asda“[The government’s] intentions were honourable: they want to get growth back and get us back…
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Nigeria raises rates by 150 basis points as inflation surges
Nigeria’s central bank has raised interest rates to an all-time high of 15.5 per cent as it struggles to contain…
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UK motor insurance: inflation gain to follow inflation pain
A steady hand on the wheel is a given for Saga’s cruise ships. But its car insurance business shows signs…
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Kazakhstan and Georgia welcome Russians fleeing conscription
Kazakhstan and Georgia will welcome Russians fleeing conscription, both governments said on Tuesday, as queues of thousands of mainly young…
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Why the strength of the dollar matters
In times of trouble, the dollar is the world’s refuge and strength. This is true even when the US is…
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Treacherous path ahead for Bank of England and markets
The writer is an economist and the author of ‘Two Hundred Years of Muddling Through: The Surprising Story of Britain’s…
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Labour plans state-owned UK clean energy company
A Labour government would set up a publicly owned energy group within the first year of being in power and…
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HSBC, Santander and Nationwide suspend and reprice UK mortgages
HSBC and Santander, two of the UK’s largest mortgage providers, suspended new deals on Tuesday, while Nationwide increased rates, as…
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UK market turmoil calls for ‘significant monetary response’, BoE chief economist says
The UK government’s loosening of fiscal policy “will require a significant monetary response”, the Bank of England’s chief economist said…
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UK doom-watch, Credit Suisse edition
There’s a new entrant to this year’s Talking Britain Down Competition: Andrew Garthwaite, head of global equity strategy at Credit…
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Sterling/HK stocks: UK earnings once a hedge, now a risk
The pound’s recent plunge has rightly worried UK investors. But the impact is also big for those companies in Asia…
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Tax the rich more to help victims of energy crisis, says ECB
The European Central Bank’s chief economist has called on eurozone governments to tax rich people and companies to finance support…
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Long live the formality of the French ‘vous’
On my 26th birthday, I treated myself to a Parisian petit-déjeuner. I was musing about all the things I had…
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Kwasi Kwarteng seeks to reassure City bosses over UK economy
UK chancellor Kwasi Kwarteng has told leading bankers, insurers and asset managers he is “confident” that his economic strategy will…
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How does Cuba pay for its Russian oil?
Vladimir Putin is not known for his generosity, though he does seem to have a soft spot for Cuba. Moscow…
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Chinese carmaker Nio warns energy crisis slowing European expansion
The head of Chinese electric carmaker Nio has warned that Europe’s energy crisis is slowing its expansion in a region…
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Lethargic green rollout leaves Paris targets ‘close to vanishing’
This article is an on-site version of our Energy Source newsletter. Sign up here to get the newsletter sent straight to…
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Truss learns the hard way that Britain isn’t America
Into Brideshead Revisited, near the middle, Evelyn Waugh crowbars a scene on a cruise ship for the express purpose of…
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