Global turmoil makes Britain’s productivity predicament even worse

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It never rains, but it pours. This is how UK economic policymakers must feel right now. The economy performed terribly after the financial crisis of 2007-09, then performed even worse after the pandemic … Read more

Untangling the spaghetti bowl of tariffs

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy The image of business leaders, governments and investors having to drink out of a US policy … Read more

UK and EU close ranks on defence amid Trump turmoil

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The global turmoil prompted by the Trump administration is deepening the EU’s resolve to sign a defence and security pact with the UK that would allow British arms companies to participate in joint … Read more

Italy’s biggest refinery in crisis three years after sale by Russia’s Lukoil

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Italy’s largest refinery, which was sold by Moscow-based Lukoil after EU sanctions cut it off from Russian oil, is in crisis as the Greek billionaire who is now its majority investor and commodity giant Trafigura clash over the terms of a crude supply arrangement. GOI Energy bought the ISAB plant in the Sicilian … Read more

Ohio shrugs off Trump tariff turmoil

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] For Nick Jarmoszuk, an Ohio industrialist, the trade war President Donald Trump has unleashed against China has not come a moment too soon. America’s trade imbalance with the rest of the world was “something that’s been festering for a long time, and it’s a good thing to address”, he said. “The longer you … Read more

Wall Street stock futures rise after temporary US tech tariff exemption

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Futures pointed to a tech stock rally when global markets opened in Asia on Monday for the first time since the US spared smartphones and other consumer electronics from the harshest tariffs against … Read more

Germany willing to send Taurus missiles to Ukraine, says Merz

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Germany is willing to send Taurus long-range missiles to Ukraine, the country’s chancellor-in-waiting has said, as he stressed the need to put Kyiv on the front foot and force concessions from … Read more

Singapore cuts growth forecast as trade war hits global outlook

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Donald Trump signalled that smartphones and other consumer electronics imported to the US from China would face tariffs, dealing a blow to hopes of a reprieve for Big Tech companies such as Apple, Nvidia and Microsoft. “NOBODY is getting “off the hook” for the unfair Trade Balances, and Non Monetary Tariff Barriers, that … Read more

Xi Jinping warns ‘no winners’ from Trump trade war as he heads to Vietnam

https://www.profitableratecpm.com/iusqb371?key=524179d49127ed1d5256afb46b8c3cc2 [ad_1] Xi Jinping has warned that US protectionism will “lead nowhere” as the Chinese leader embarked on a tour of Vietnam, Malaysia and Cambodia to strengthen ties with export-reliant south-east Asian economies rattled by Donald Trump’s escalating trade war. The visit, Xi’s first foreign trip this year, comes days after the US president raised … Read more

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