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- ECONOMY
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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Ukrainian forces encircle thousands of Russian troops in key eastern city
Ukrainian forces have encircled thousands of Russian troops in the eastern city of Lyman less than 24 hours after Vladimir…
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Football investors unfazed by market turmoil, for now
This article is an online version of our Scoreboard newsletter. Sign up here to get the newsletter sent straight to…
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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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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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Vladimir Putin annexes four Ukrainian regions
Vladimir Putin has annexed four regions in south-eastern Ukraine and vowed to use “all the means” at Russia’s disposal to…
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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…
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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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Bomb blast at Kabul academy exposes growing danger for minorities
A bomb blast has killed at least 19 teenagers at a college in a Shia neighbourhood of Kabul, the latest…
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China’s EV star and Tesla rival BYD unveils Europe expansion
BYD, the Shenzhen-based rival to Elon Musk’s Tesla, has unveiled plans to take on the European car market, as the…
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Fiscal fisticuffs: the week the IMF attacked Britain’s tax cuts
The stinging rebuke from the IMF arrived at the worst moment for the UK government. With sterling selling off and…
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Hong Kong’s expat party continues — but for how long?
Like anyone else brave or stupid enough to move to Hong Kong at the peak of the Covid-19 pandemic, I…
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FCA contacts banks following huge withdrawal of mortgage deals
The Financial Conduct Authority has contacted UK lenders following the withdrawal of more than 1,600 mortgage products over concerns that millions…
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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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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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The ‘chip choke’ on China may breathe air into semiconductor industry
The modern semiconductor industry is a manufacturing miracle. In 1961 a state of the art computer chip contained just four…
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The Story of Russia by Orlando Figes — the past that shapes Putin’s rule
Military helicopters fly over the statue of Grand Prince Vladimir in Moscow during a rehearsal for the Victory Day parade…
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BlackRock executive defends pensions strategy that fuelled UK crisis
A top BlackRock executive defended an investing strategy that has plunged UK pension funds into crisis, blaming “turbulence induced by…
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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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Culture wars go ballistic in Eureka Day at the Old Vic — theatre review
Eureka Day Old Vic, London “I am feeling like this format is not facilitating us all bringing our best selves…
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China’s Communist party at forefront as Xi’s coronation looms
When the People’s Republic of China celebrates its 73rd National Day holiday on Saturday, the country will take a back…
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Adani plans to boost free float after shares surge 3,338% in three years
Indian billionaire Gautam Adani’s holding company is planning to increase its share free float in a move that could improve…
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‘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…
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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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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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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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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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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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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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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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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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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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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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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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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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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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Virgin Atlantic chief urges UK government to reverse course and lift pound
Virgin Atlantic’s chief executive has called on the UK government to “consider reversing” some policies announced last week to bolster…
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ICE warms to carbon offsets to ease Europe’s energy crisis
Intercontinental Exchange plans to accept allowances generated by the €1tn carbon market as collateral in its European futures venue, in…
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French hostility frustrates Spain’s gas pipeline dream
Europe’s urgent search for alternatives to Russian gas has provoked a stand-off across the Pyrenees as a Spanish quest to…
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Policymakers want to help with inflation but risk making it worse
Caps on electricity bills, fuel rebates, and cheap public transport tickets are just some of the ways European governments are…
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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…
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UK lenders pause new mortgages amid market turmoil
Some of the UK’s biggest mortgage lenders, including Virgin Money and Skipton Building Society, have stopped offering new home loans…
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France aims to shield bigger companies as recession fears deepen in Europe
France’s finance minister has pledged additional aid for larger companies hit by high energy prices, as the head of the…
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Defence of the realm, JPMorgan style
Here’s a thing: JPMorgan is calling for a parliamentary coup to save the United Kingdom. Okay, we paraphrase, but not…
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Elon Musk offers Iranians uncensored internet access
Elon Musk’s Starlink has activated its satellite broadband service in Iran after the US allowed private companies to offer uncensored…
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