economy news canada
- ECONOMY
A broken insurance market threatens Florida and its star governor
What may be Florida’s most destructive hurricane is threatening to swamp the state’s property insurance market, posing a stiff challenge…
Read More » - ECONOMY
Prestigious Hong Kong flats stand empty as property market slumps
Not one single new apartment was sold last week at a marquee 800-flat project in Hong Kong in a sign…
Read More » - ECONOMY
German football reopens its door to private equity
Germany’s Bundesliga has revived talks with buyout groups over a multibillion-euro investment, as the need to close the gap to…
Read More » - ECONOMY
New Manchester arts venue shines light on city’s resurgence
Rising up from the banks of the River Irwell in the former Victorian cotton metropolis of Manchester in north-west England,…
Read More » - ECONOMY
Nothing says freedom like a sidewalk party
A large part of my life involves throwing dinner parties – whether for friends and family during my time off, or…
Read More » - ECONOMY
Japan spent almost $20bn in effort to defend tumbling yen
Japan spent ¥2.84tn ($19.7bn) in last week’s intervention to stem the yen’s plunge, although the currency is once again trading…
Read More » - ECONOMY
UK pension funds sell assets and tap employers in rush for cash
UK pension schemes are dumping stocks and bonds to raise cash and seeking bailouts from their corporate backers as the…
Read More » - ECONOMY
Flock Hill, the chicest sheep station in the world
The Southern Alps, an expanse of mountains that runs the length of New Zealand’s South Island, are perhaps the country’s most recognisable…
Read More » - ECONOMY
European Court of Justice must rule on green cartels, says top regulator
This article is an on-site version of our Moral Money newsletter. Sign up here to get the newsletter sent straight…
Read More » - ECONOMY
Eurozone inflation hits record 10% as energy prices continue to soar
Inflation in the euro area hit a new high for the 11th consecutive month as energy prices continued to rise,…
Read More » - ECONOMY
UK government bond tumult ripples into US and European markets
Turmoil in UK government debt has sent shockwaves through global markets, sparking big swings in US and European bonds. “Bond…
Read More » - ECONOMY
Lula takes dominant lead as Brazil election enters final stretch
Luiz Inácio Lula da Silva has taken a dominant lead heading into Brazil’s presidential election, with polls suggesting the leftwing…
Read More » - ECONOMY
Russia’s cyber war that wasn’t
Maybe it was when a Russian officer, lacking an encrypted line, inadvertently blurted out to the world that the country’s…
Read More » - ECONOMY
Metal prices rise as LME considers banning Russian supplies
Aluminium and nickel prices rose sharply on Thursday as traders fretted about supply shortages after the London Metal Exchange announced…
Read More » - ECONOMY
Germany deploys ‘economic clout’ with €200bn energy aid package
Germany has announced a €200bn “protective shield” for businesses and consumers struggling with soaring energy costs, the largest aid package…
Read More » - ECONOMY
Brazil’s imperfect presidential election
Brazil’s presidential election on Sunday matters. Home to most of the world’s largest tropical rainforest, Brazil is vital to the…
Read More » - ECONOMY
US pledges $210mn to Pacific Islands to counter China’s influence
The US will provide $210mn to Pacific Island nations to help tackle issues ranging from climate change and maritime security…
Read More » - ECONOMY
Mexico/remittances: flow of cash hints at heat in US economy
If the amount of money sent home by Mexicans working in the US offers a gauge for the health of…
Read More » - ECONOMY
What will the end of IR35 reforms mean for contractors?
Contractors rejoiced as chancellor Kwasi Kwarteng announced plans to repeal controversial reforms to off-payroll rules — known as IR35 —…
Read More » - ECONOMY
Brussels re-energised for Big Tech battles
After some bitter defeats, Margrethe Vestager, the EU’s competition chief, scored a big win recently after judges in Luxembourg largely…
Read More » - ECONOMY
Learning to love the long end, part 2
This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to…
Read More » - ECONOMY
Why limited EU loans for unemployed could be replicated
This article is an on-site version of our Europe Express newsletter. Sign up here to get the newsletter sent straight…
Read More » - ECONOMY
China’s Big Fund corruption probe casts shadow across chip sector
The sudden disappearance in July last year of Gao Songtao, the bespectacled former vice-president of government fund manager Sino IC…
Read More » - ECONOMY
FirstFT: Renminbi falls to lowest level since 2008
Good morning. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas…
Read More » - ECONOMY
‘Just a question of when’: Citadel’s Ken Griffin predicts US recession
Billionaire investor Ken Griffin has warned there will be a recession in the US and said the Federal Reserve needs…
Read More » - ECONOMY
The Italian populists won’t be mindlessly destructive on trade
Italy really has given Europe’s political scientists something to chew over by electing a government of not just one or…
Read More » - ECONOMY
Lebanon to re-peg its currency after 25 years
Lebanon is to re-peg its currency for the first time in 25 years, slashing its value against the dollar, in…
Read More » - ECONOMY
Pipeline ‘sabotage’ amplifies EU tensions over energy
This article is an onsite version of our Disrupted Times newsletter. Sign up here to get the newsletter sent straight…
Read More » - ECONOMY
Hurricane Ian bears down on Florida with ‘catastrophic’ force
Florida was bracing for a “catastrophic” hurricane on Wednesday, as forecasters said it would make landfall with extremely strong winds…
Read More » - ECONOMY
EU to put price cap on Russian oil in new sanctions package
The EU is to implement a price cap on Russian oil and widen the range of products covered by its…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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 —…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
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…
Read More » - ECONOMY
The cost of China’s information vacuum
In the summer of 1963, Jan Berris was sitting in an office half an hour outside Washington DC and converting…
Read More » - ECONOMY
Do Kwon says he is not hiding as crypto manhunt intensifies
The co-founder of collapsed cryptocurrency operator Terraform Labs has broken his silence after Interpol issued a red notice against him,…
Read More » - ECONOMY
Renminbi falls against dollar despite new support measures
The renminbi lost further ground against the dollar on Tuesday, putting pressure on China’s central bank to directly intervene and…
Read More » - ECONOMY
China growth to fall behind rest of Asia for first time since 1990
China’s economic output will lag behind the rest of Asia for the first time since 1990, according to new World…
Read More » - ECONOMY
Joe Biden’s student loan forgiveness plan estimated to cost $400bn
Joe Biden’s plan to forgive thousands of dollars of student loan debt for millions of Americans will cost more than…
Read More » - ECONOMY
Markets take fright over Britain’s economic strategy
It is a sign of how badly confidence in Britain’s economy has been shaken that on the day Italy seemed…
Read More » - ECONOMY
US economy vulnerable to external shock as rates rise, Fed official warns
The US economy is at risk of tipping into a recession as the central bank seeks to ensure high inflation…
Read More »
