Eshe Nelson

London

Business Reporter at The New York Times

Business and economics reporter @nytimes in London. Trustee of @HeadlinersUK. Tips, comments and random musings to [email protected].

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Articles

Zero Interest Rates Are Back in Europe

1 week ago | nytimes.com | Eshe Nelson

Officials in America are grappling with the risk that inflation could stay uncomfortably high, in part because of President Trump’s tariffs. But in Europe, they worry that inflation could be too low. On Thursday, Switzerland’s central bank lowered interest rates to zero, its sixth consecutive cut, after consumer prices fell 0.1 percent in May from a year earlier. Policymakers said the step was necessary to counter weak inflationary pressures, which can put a damper on economic growth.
Beef, but make it British

1 week ago | thestar.com.my | Eshe Nelson |Kevin Draper

JUST a few days after the United States and Britain announced to much fanfare that they had agreed to lower some tariffs and create a US$5bil export opportunity for American beef, ethanol and other agricultural products in Britain, US Secretary of Agriculture Brooke Rollins touched down in London. She came with a clear message for her British counterparts: the agreement was just the first step.
Brexit-hit oyster farmers eye EU market revival with new trade agreement

1 week ago | nzherald.co.nz | Eshe Nelson

Tom Haward works at his oyster farm on Mersea Island in Essex, England. Photo / Emli Bendixen, the New York TimesA decade ago, Tom Haward and his late father, Richard, began crafting a plan to expand their family’s oyster business. For two-and-a-half centuries, the Hawards have cultivated oysters on Mersea Island on the east coast of England. They used to sail their molluscs up the River Thames to London.
New Trade Deal Could Boost UK Food Exports to EU, Including Shellfish

1 week ago | nyti.ms | Eshe Nelson

A decade ago, Tom Haward and his father, Richard, began crafting a plan to expand their family’s oyster business. For two and a half centuries, the Hawards have cultivated oysters on Mersea Island on the east coast of England. They used to sail their mollusks up the River Thames to London. The latest generations wanted to go farther afield, to sell half their oysters to mainland Europe. The European market was alluring.
An Eighth-Generation Oyster Farmer Sees Hope in Britain’s Trade Deal

1 week ago | flipboard.com | Eshe Nelson

Brexit had complicated many of Britain’s food exports to Europe. A new trade deal between the U.K. and the E.U. could make them easier, including for shellfish farmers. A decade ago, Tom Haward and his late father, Richard, began crafting a plan to expand their family’s oyster business. For two and …
How the UK Plans to Boost Its Economy

2 weeks ago | nytimes.com | Eshe Nelson

Rachel Reeves, the chancellor of the Exchequer, broke down public spending plans, including more money for the military, public transport and affordable housing. The British government announced on Wednesday hundreds of billions of pounds in spending on defense, health care and investment in infrastructure and housing, as it laid out its economic priorities for the next few years.
Tariffs tarnishing jeweller’s shine

2 weeks ago | thestar.com.my | Eshe Nelson

PANDORA, the world’s largest jewellery company, is based in Denmark and has nearly 500 stores in the United States, more than any of its other key markets. But in some ways, its real home is Thailand, where the company has been making its products for nearly four decades. Like many global corporations, Pandora’s continent-crossing supply chain has allowed it to sell its goods worldwide at a low cost.
Banco Central Europeu reduz taxa de juros, enquanto guerra comercial pesa sobre a economia

3 weeks ago | estadao.com.br | Eshe Nelson

O Banco Central Europeu reduziu as taxas de juros nesta quinta-feira, 5, para o nível mais baixo em dois anos e meio, em meio à incerteza causada pela guerra comercial iniciada pelo presidente americano, Donald Trump, que deve desacelerar a recuperação econômica da Europa e reduzir a inflação. Os diretores do BCE, que definem as taxas para os 20 países que usam o euro, reduziram a taxa básica para 2% ao ano.
European Central Bank Cuts Rates as Trade War Weighs on the Economy

3 weeks ago | nytimes.com | Eshe Nelson

The European Central Bank cut interest rates on Thursday to the lowest level in two and a half years, as uncertainty caused by President Trump's trade war is expected to slow Europe's economic recovery and reduce inflation. The central bank's policymakers, who set rates for the 20 countries that use the euro, lowered the key rate to 2 percent.
Markets Drop on Trump's Latest Tariff Threats

1 month ago | nytimes.com | Eshe Nelson

Stock markets in Europe and the United States dropped on Friday after President Trump threatened the European Union and Apple with steep tariffs. The pan-European Stoxx 600 index fell more than 1.5 percent in early afternoon trading, with shares of carmakers, banks and tech companies among the hardest hit. Futures for the S&P 500 slumped 1.5 percent, implying a tumultuous open for trading in New York. Apple's stock dropped more than 3 percent in premarket trading.