Decline comes as German economy minister sets off for Beijing seeking to defuse brewing spat over electric vehicles
Public finance data shows large debt challenge facing next government
And default divergence
Also in today’s newsletter, Reform UK’s £7.8mn ‘black hole’ and Revolut seeks valuation over $40bn
The question of how well we can deal with shocks in our future is not at all clear
Fashion group’s kept talks on Xinjiang cotton private to avoid being seen as unpatriotic by Beijing
There are significant institutional constraints on the Fed and the ECB’s room for manoeuvre
MPC deals blow to Rishi Sunak but leaves door open to post-election cut
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects you
Also in today’s newsletter, JPMorgan drops bonus cap for its London bankers and alarm at Russia-North Korea pact grows
Any victorious populists — and the EU’s new fiscal rules — face baptism of fire
First-ever measures against Russia’s gas part of latest restrictions against Moscow
Steep decline in fertility will ‘change face of societies’ and affect growth prospects, says OECD
Ban on imports including chocolate and sanitary products will hurt American producers, says Biden administration
Senior PT figures file lawsuit against Roberto Campos Neto over alleged political bias
The hunt for lower taxes and less regulation ignores major economic risks
Also in this newsletter: UK inflation back to target, ECB debt warning, jumping robots
Rishi Sunak hails ‘very good news’ but markets dial back bets on rate cuts owing to services price pressures
Central bank warns of fiscal challenges including ageing populations, extra defence spending and climate change
Price rises for services remain stubbornly high despite the headline rate dropping
Many auto groups are well hedged, while Beijing turns its attention to European pig farmers
Also in today’s newsletter, Israel military prepares Lebanon offensive, and why Americans aren’t buying EVs
‘Many loans in China are not efficient,’ Pan Gongsheng tells major financial forum
President Biden wants to increase adoption, but his tariffs on Chinese imports could reduce competition and increase costs
It otherwise risks being left behind by the US and China
International Edition
