Articles
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4 days ago |
thetimes.com | Mehreen Khan
The European Central Bank is expected to cut interest rates again this week after inflation fell below the bloc’s 2 per cent target. Annual consumer price inflation rose by an average rate of 1.9 per cent in the single currency area in April, undershooting the ECB’s 2 per cent target for the first time since September 2024. The data was lower than the 2.1 per cent acceleration expected by the central bank.
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4 days ago |
thetimes.com | Mehreen Khan
Rachel Reeves has been warned she is at risk of breaching her fiscal rules if the UK economy is hit by a growth shock by the Organisation for Economic Cooperation and Development. The Paris-based OECD has become the second major forecaster in two weeks to tell the chancellor that her “thin” fiscal buffers mean she could breach her deficit reduction target after the International Monetary Fund did so last week.
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5 days ago |
thetimes.com | Mehreen Khan
The day after President Trump’s April 2 tariffs announcement, his vice-president, JD Vance, was widely denounced for comments explaining the urgent need for sweeping US trade protectionism. “We borrow money from Chinese peasants to buy those things that the Chinese peasants manufacture,” Vance told Fox News.
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6 days ago |
thetimes.com | Mehreen Khan
At her last fiscal event in March, Rachel Reeves said the government wanted to turn the UK into a “defence industrial superpower”. The chancellor’s statement to the Commons came weeks after the prospective new conservative-led German government stunned financial markets by discarding the shackles of fiscal rectitude and announcing a potentially limitless defence spending fund. Berlin will exempt all military expenditure beyond 1 per cent of GDP from its once-sacrosanct fiscal rules.
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1 week ago |
thetimes.com | Louisa Clarence-Smith |Mehreen Khan
American investors took fright after President Trump accused China of violating a tariff agreement, escalating tensions in a trade war that has caused turbulence in equity and bond markets. In a post on his Truth Social platform, Trump wrote: “China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US.
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