Economy
Merger deals fall 31% as capital markets rout continues
Glimmers of hope are on the horizon, but capital markets continue to struggle
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
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