world economic news
- ECONOMY
China risks 1mn Covid deaths in ‘winter wave’, modelling shows
One million Chinese people are at risk of dying from Covid-19 during the coming winter months if President Xi Jinping…
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Voting draws to a close in Georgia Senate run-off election
The final voters headed to the polls in Georgia on Tuesday afternoon for a runoff election that will determine the…
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FirstFT: TSMC triples Arizona chip investment
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Hungary blocks €18bn-worth of EU aid for Ukraine
Hungary has blocked an €18bn package of EU financial support for Ukraine, deepening a rift between prime minister Viktor Orbán…
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World Bank warns of mounting debt burden for poorer countries
The world’s poorest countries face three years of soaring debt service costs, draining vital resources from spending on health, education…
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Latvia bans exiled Russian news channel over ‘threat to national security’
Latvia has withdrawn the broadcasting licence of exiled Russian news channel TV Rain following accusations that its journalists violated laws…
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Indonesia to ban insults against president under new criminal code
Indonesia has legislated to outlaw insults against the president and sex outside marriage as part of an extensive overhaul of…
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Cost of UK Christmas dinner rises by nearly 10%
The average cost of Christmas dinner is expected to rise by almost 10 per cent this year compared with last…
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Chinese battery makers set to dominate Europe’s car industry
For decades, Europe has been a global hub of combustion engine production but as the industry shifts to electric vehicles,…
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Germany confronts a broken business model
Hives of activity don’t get bigger — and busier — than BASF’s headquarters in Ludwigshafen. The size of a small…
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China braces for Covid outbreaks among medical staff and migrant workers
Chinese health authorities have raised concerns about Covid-19 outbreaks among frontline medical staff and migrant workers returning home during the…
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US straightens out supply chains after months of inflationary snarls
Costs are beginning to fall throughout US supply chains, easing inflationary pressures even as importers voice concern that fresh disruptions…
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Edward Hopper’s quiet New York lives again at the Whitney — review
‘Office in a Small City’ (1953) by Edward Hopper © Heirs of Josephine N Hopper/licensed by ARS. Image courtesy Art…
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EU to deploy border agents in the western Balkans for first time
The EU plans to deploy its border agents in the western Balkans under agreements with regional governments seeking EU membership,…
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Nike terminates Kyrie Irving contract after anti-Semitism controversy
Nike has severed its contract with US basketball star Kyrie Irving after the Brooklyn Nets guard promoted an anti-Semitic film…
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US rail industry: ESG investors on track with better worker deal
The US has averted a crippling national rail strike by imposing a labour agreement on rail companies and workers. The…
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West tightens screw on Russia over energy
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The go-slow gambit on Biden’s car subsidies
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Brooklyn’s in the House
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UAE and Ukraine open trade talks
The UAE is to open trade talks with Ukraine, seeking to boost economic ties despite the Russian invasion. The war…
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Five of the best tea boutiques in Paris
This article is part of a guide to Paris from FT Globetrotter It is a wintry evening in the Marais, and despite…
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Job data bad
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FT Person of the Year: Volodymyr Zelenskyy. ‘I am more responsible than brave’
Nine months into a brutal struggle for national survival against Russian invaders, Volodymyr Zelenskyy looks tired, with dark circles under…
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Louise Richardson: ‘I do wish our students were more resilient about nasty remarks’
Britons have a love-hate relationship with Oxford university. It designed a Covid-19 vaccine, yet oozes academic feuds. It represents aspiration,…
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FirstFT: EU will simplify aid rules to compete with Biden’s climate package
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Iran signals end to morality police responsible for upholding Islamic dress code
Iran is to abolish its morality police that monitors women’s clothing, following long-running protests sparked by the death of a…
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Brazilian mine to begin lithium production in 2023 as demand soars
A Canadian company building a lithium mine in Brazil will begin commercial production of high-quality material for electric vehicle batteries…
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Workplace wellbeing: how to make it better — and what makes it worse
Ian Edwards has long sought to improve the wellbeing of employees at Nomura, but in the past few years he…
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New York’s ‘zombie’ office towers teeter as interest rates rise
During a prolonged bull market fuelled by historically low interest rates and nearly free money Doug Harmon and his team…
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How to emerge a hero from the tension of a World Cup penalty shootout
How to take a penalty, and how to save one? With the World Cup’s knockout stages starting on Saturday, these…
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Darjeeling tea price tumbles after India leaf-blending quarrel
Prices for India’s prized Darjeeling tea have tumbled this year after buyers including Tetley-owner Tata slashed purchases over a regulatory…
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Democrats vote to unseat Iowa as first contest in presidential primaries
The Democratic party has moved to dramatically shake up the presidential primary calendar, choosing South Carolina as the first nominating…
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French hail ‘breakthrough’ in EU dispute with US over climate law
US president Joe Biden’s offer to fix provisions in his flagship climate package to help US allies is a “breakthrough”…
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Russia assembles ‘shadow fleet’ of tankers to help blunt oil sanctions
Russia has quietly amassed a fleet of over 100 ageing tankers to help circumvent western restrictions on Russian oil sales…
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Biden signs bill to avoid US rail strike
Joe Biden has signed a deal to avert a potential rail strike after he had pushed for an eleventh-hour agreement…
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EU reaches deal to impose $60 cap on Russian oil exports
EU member states have agreed to implement a $60 ceiling on global purchases of Russian oil after Poland dropped its…
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‘Phala Phala’ scandal threatens Cyril Ramaphosa’s legacy as ANC saviour
Cyril Ramaphosa seemed so confident in his position as South Africa’s president last week that he jetted off to the…
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IMF head warns of ‘exceptional’ uncertainty as zero-Covid hits China’s economy
The head of the IMF has warned Asia’s leaders and central bankers to brace for “exceptional” uncertainty as China’s zero-Covid…
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Labour calls for new election after humbling Conservatives in Chester
Rishi Sunak suffered the first electoral defeat of his premiership after Labour held on to its Chester seat in the…
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Inside the Covid revolt at the Zhengzhou ‘iPhone City’ plant
Managers at the world’s largest iPhone factory breathed a sigh of relief when the local government in Zhengzhou lifted a…
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Threading the political needle on Northern Ireland
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Netanyahu strikes deal with far-right Religious Zionism party in push to seal power
Benjamin Netanyahu has moved closer to forming what would be the most rightwing government in Israeli history, after his Likud…
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Third of English patients waiting over 30 minutes in ambulances
Health leaders have warned that the NHS faces a “perfect storm” of challenges this winter, as new figures showed about…
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Eurozone labour market defies gloom with biggest jobless fall for a year
The unemployment rate in the eurozone has fallen to a new record low of 6.5 per cent after the biggest…
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All those 2023 economics and markets outlooks, distilled
The thing about macroeconomic forecasting is that it’s extremely complicated, as illustrated by the below chart from Morgan Stanley: ©…
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AJ Bell chief says regulator has ‘wrong solution’ to Britons hoarding cash
The UK regulator’s proposal to simplify financial advice is the “wrong solution” to the problem of British savers hoarding cash,…
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Ever more diverse country makes for a dynamic political divide
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China’s superapps and media mourn Jiang Zemin with black and white tribute
Chinese state newspapers and popular ecommerce superapps and websites adopted sombre, black-and-white colour schemes on Thursday in honour of Jiang…
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Influence Empire — can Tencent negotiate China’s shifting political winds?
Tencent chief Pony Ma at the Great Hall of the People in March 2019, Beijing © Getty Images It is…
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The deflating of the great cash cushion
The writer is an FT contributing editor and global chief economist at Kroll It may be the most anticipated recession…
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