Economy
Merger deals fall 31% as capital markets rout continues
Glimmers of hope are on the horizon, but capital markets continue to struggle
1 min read
Jeremy Hunt named chancellor after Kwasi Kwarteng confirms sacking on Twitter amid UK tax U-turn
Kwarteng is now on record for being among the chancellors serving the shortest time
3 min read
Chancellor Kwarteng makes hasty retreat from IMF for crisis talks over planned tax cuts
The pound rallied, nearing a one-week high as the markets priced in the expectation of a U-turn on fiscal plans
2 min read
Bitcoin, ether dive on red-hot US inflation data
Key consumer price data dashes hopes of Fed slowing pace of planned rate rises
3 min read
Fund managers urge BoE intervention amid pound bloodbath
Sussex Partners co-founder Patrick Ghali: 'UK company and country fundamentals are looking horrible, and panicked rate rises don’t usually stave off currency runs'
5 min read
Why inflation is such a tough beast to tame
Too much money will continue to chase too few goods for a long time — and the Biden administration’s policies won’t change that
4 min read
Liz Truss faces soaring inflation, a plunging pound and ‘inevitable’ recession
Even if Truss manages to calm the panic about the coming winter, it probably still won’t be enough to prevent the UK economy from contracting
4 min read
Why the ‘Davos consensus’ is elusive this year
The problem as many executives describe it: Current business is great, but the difficulties ahead are obvious
4 min read
Kenneth Rogoff: The odds of a global recession are rising by the day
An economic collapse in one region looks increasingly probable, raising the risk of a synchronised global downturn
5 min read
Biden agrees to meet Putin on condition Russia pulls back from potential Ukraine attack
A White House official stressed that a meeting between US Secretary of State Antony Blinken and his Russian counterpart, Foreign Minister Sergei Lavrov, would come first
9 min read
Europe’s next Covid wave may present a new problem for central banks
If the economy takes longer to recover, the return to some form of fiscal discipline will have to be postponed
3 min read
Hector Sants: Why financial services has to take pensions seriously
Retirement is often overlooked, but the economy needs pensioner money more than ever
Commentary: Back off, central bank hawks — inflation is our friend
Here's why worries about inflation in the UK are overblown
BoE appoints another ex-Goldman banker as Huw Pill takes up chief economist role
Pill will start his new job on 6 September
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UK economy grows at fastest rate since last July
GDP boosted by shoppers returning to British high streets en masse
3 min read
Forget Covid. Fund managers now see inflation as biggest market risk
According to Bank of America's fund manager survey, 93% of respondents expect rising inflation in the next 12 months
2 min read
The Covid-driven exodus from cities may be permanent, Goldman warns
It could take several years for urban vacancy rates to normalise
3 min read
