u.s. economy today 2021
- ECONOMY
UK health secretary rejects advice to buy extra monkeypox doses
Health secretary Thérèse Coffey has rejected advice from officials to procure additional doses of monkeypox vaccine, stoking concern that the…
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Weakened storm Ian sweeps north while death toll mounts in Florida
A weakened Hurricane Ian moved up through the Carolinas into Virginia on Saturday as the death toll in Florida from…
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Sultan’s heirs expand efforts to seize Petronas assets
The heirs of a late sultan have launched legal proceedings to seize as many as a dozen Netherlands businesses of…
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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…
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S&P puts UK credit rating on notice with ‘negative outlook’
The UK’s credit rating was threatened with a downgrade late on Friday when S&P, one of the world’s largest credit…
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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…
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The housing crisis sits at the centre of Britain’s ills
The writer is the author of A Home of One’s Own In October 1950 at the Conservative party annual conference,…
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Europe increases defence of energy assets after Baltic Sea ‘sabotage’
European countries have stepped up military patrols to protect energy supplies in the North Sea and off the coast of…
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Who exactly has the BoE bailed out?
When we left the story on Wednesday the Bank of England had just swooped in with an emergency intervention in…
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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…
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UK companies face new wave of takeovers, warns Numis
The boss of British broker Numis has warned that UK companies face a further wave of takeovers from overseas rivals…
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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…
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A funeral for magical thinking
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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Policymaking by pamphlet is a bad look
What the country needs, I am now convinced, is a self-help group for writers of political booklets. A sort of…
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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,…
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Military briefing: Ukraine forces close to encircling Russian troops in key town
Kyiv’s forces are close to encircling a large concentration of Russian troops in eastern Ukraine in what would be a…
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The Tories have become unmoored from the British people
In a single week, Britain has gone from being one among many nations facing fierce economic headwinds to being a…
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Strong dollar hits airlines as costs surge
The strength of the US dollar is putting new pressure on airlines’ fragile balance sheets, driving up the cost of…
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China loosened FX restrictions in response to Fed rate rise
The renminbi’s sharp fall over the past week started after regulators told traders they were relaxing informal foreign exchange trading…
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SoftBank sheds 30% of Vision Fund staff as it seeks to cut costs
SoftBank has laid off 30 per cent of staff at its flagship Vision Funds as it seeks to dramatically cut…
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SEC fines Deloitte China for letting clients conduct own audit tasks
The US securities regulator has charged Deloitte’s China arm with falling “woefully short” by having clients complete their own audit…
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Stop making excuses — the UK’s troubles are self-inflicted
In less than a week, Chancellor Kwasi Kwarteng’s cavalier “mini” Budget has sent UK markets into a tailspin. The equally…
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Leicester’s communal violence reverberates across continents
It was a night that Leicester will not forget. Although tensions between sections of the Muslim and Hindu communities had…
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Catalonia’s government on brink of collapse
Catalonia’s government is on the brink of collapse after the president fired his deputy in the face of bitter disagreements…
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Capricorn scraps Tullow merger to pursue deal with Israel’s NewMed
Capricorn Energy has scrapped its merger with rival Tullow Oil in favour of a combination with Israeli natural gas group…
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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…
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Bank of Ireland fined €100.5mn over tracker mortgage scandal
Bank of Ireland, the nation’s largest lender, has been fined a record €100.5mn for refusing customers access to cheaper mortgages…
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Germany will enter recession next year, say leading economists
A new forecast by Germany’s leading economic institutes predicts the eurozone’s largest economy will slip into recession next year, triggered…
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Macron buckles on raising France’s retirement age in budget bill
French president Emmanuel Macron has decided against pushing through a rise in the retirement age to 65 in a budget…
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Complacency is Keir Starmer’s biggest adversary
David Cameron, as UK prime minister, once offered some unsolicited advice to his opposite number: “Put on a proper suit,…
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Wall Street chiefs stage return to Hong Kong after city scraps quarantine
Goldman Sachs chief executive David Solomon, Morgan Stanley’s James Gorman and Citigroup’s Jane Fraser will attend a financial forum in…
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The IMF’s arrears lending policy: Just Use It
Sean Hagan was general counsel of the IMF from 2005-2018; he is currently professor from practice at Georgetown Law Over…
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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…
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Business flocks to Labour conference as Starmer seeks to woo industry
Business delegates descended on the halls and the wine-soaked bars around the Exhibition Centre in Liverpool’s Docklands this week, seeking…
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Not now, renminbi!
Given the drama surrounding sterling, one might be forgiven for thinking that this was an isolated issue. But although the…
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Tory MPs question Kwasi Kwarteng’s future as market turmoil continues
A number of Conservative MPs claimed on Wednesday that UK chancellor Kwasi Kwarteng cannot survive the market turmoil unleashed by…
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Mobilisation explodes the myth of Putin’s united Russia
Last weekend I received an email sent by a man who hails from Buryatia, a far-flung region of Russia that…
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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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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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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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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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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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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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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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Protesters march on Japan’s parliament to criticise Shinzo Abe’s state funeral
Demonstrators marched on Japan’s parliament on Tuesday to protest against the state funeral of Shinzo Abe, while tens of thousands…
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All routes lead to political pain for the Conservatives
This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight…
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Glencore faces setback to copper sales into China
Mining group Glencore faces disruption at its largest partner for selling refined copper in the Chinese market as Maike Metals…
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Back-to-office push hits US workers with inflation shock
As US business leaders work to lure employees back into offices this autumn, they have hit an unexpected roadblock: inflation.…
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