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

Kwasi Kwarteng is among those serving the shortest time as UK chancellor

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

Kwarteng and prime minister Liz Truss came under scathing criticism and pressure since the 23 September announcement of £43bn in unfunded tax cuts

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

The Bank of England is expected to make a statement in response to the falling pound on 26 September

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

There is now a real chance of a global recession trifecta

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