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European stocks fell and yields on US government debt rose on Thursday after minutes from the Federal Reserve’s last policy meeting indicated the central bank would resume interest rate increases to stamp out high US inflation. The pan-European Stoxx 600 lost 1.2 per cent, edging towards its lowest point since May, while France’s Cac 40

European stocks followed Asia lower on Wednesday, after service sector data from China fell below expectations, raising concerns that the world’s second-largest economy was struggling to recover after years of severe pandemic restrictions. Europe’s region-wide Stoxx 600 lost 0.4 per cent, dragged down by declines in basic materials and technology stocks, while France’s Cac 40

The Russian army has lost half of its combat effectiveness in Ukraine, including as many as 2,500 tanks, and the main push of Kyiv’s counter-offensive is still to come, the head of Britain’s armed forces has said. Admiral Sir Tony Radakin rejected suggestions that Ukraine’s counter-offensive was proceeding slowly, arguing that the pushback against Russia

European stocks and US futures rose on Monday, after better than expected data from China added to bullish momentum driven by large US technology stocks such as Tesla. Europe’s region-wide Stoxx 600 added 0.2 per cent, lifted by strong performance in energy and basic materials stocks. London’s energy-focused FTSE 100 rose 0.3 per cent and

The French government said rioting and looting had calmed as it kept up a heavy security deployment to try to quell the unrest that has exploded in the five days since a fatal police shooting of a teenager. “Quieter night thanks to the resolute action of the police,” interior minister Gérald Darmanin wrote on Twitter

Rioting erupted across France for a fourth night in the wake of the fatal police shooting of a 17-year-old driver of North African origin as his family prepared to bury him on Saturday in his hometown of Nanterre. The interior ministry said 994 arrests were made overnight compared with 875 on Thursday night and suggested

Apple’s market valuation is set to surpass the $3tn mark again as shares in the US tech giant hit a fresh record in pre-market trading on Friday. Shares in the company rose about 1 per cent to $191.74 in pre-market trading in New York. Its market value has rebounded 45 per cent this year, adding

Visitors to the Nio House in Frankfurt can do more than just admire the sleek new electric vehicles on display. Half the showroom, a stone’s throw from the city’s 15th-century Eschenheimer Gate, is a free-to-use co-working space, equipped with meeting rooms, a café and a crèche. When Qin Lihong, co-founder and president of the Chinese

Ukraine has hit back at doubters over the progress of its summer counteroffensive, insisting recent modest gains against Russian occupiers were merely a “preview” of a much bigger push to come. Oleksiy Reznikov, Ukraine’s defence minister, told the Financial Times that the liberation of a group of villages under Russian occupation in recent weeks was

When warlord Yevgeny Prigozhin’s fighters were marching on Moscow, Margarita Simonyan, an arch propagandist who is editor of the state news network RT, was curiously silent. Simonyan — once one of Prigozhin’s biggest cheerleaders in the Russian elite — later explained she had been on a cruise down the Volga river filming a culture documentary

Oil prices rose on supply concerns and stock markets were lower after the troops of Yevgeny Prigozhin withdrew from Russia, ending the warlord’s armed uprising but raising doubts about the stability of Vladimir Putin’s regime. Brent crude, the international benchmark, rose as much as 1.3 per cent to $74.80 a barrel in early trading in

Russian warlord Yevgeny Prigozhin claimed his forces were “blockading” Rostov and marching on Moscow on Saturday morning, as armed, masked men with tanks and armoured vehicles surrounded government buildings in the southern Russian city. In what would mark the first coup attempt in Russia for three decades, Prigozhin appeared to have taken over a military

I double-check the name the notorious “finmeme-lord” known as Litquidity has reserved our table under. “I’m here for Hank Paulson,” I tell the maître d’ at Le Bernardin. He doesn’t bat an eye. I wonder if Paulson, the former US Treasury secretary responsible for bank bailouts after the 2008 financial crisis, dines at the three-Michelin-star

The Church of England is selling its investments in Shell, BP, Exxon and Total and seven other big oil and gas companies, after concluding none were aligned with efforts to halt global warming. The decision follows a vote by the General Synod, the church’s parliament, in 2018 to sell out of fossil fuel companies that

UK inflation remained stuck at 8.7 per cent in May, higher than expectations of a drop to 8.4 per cent, marking the fourth month in a row that price rises have exceeded forecasts. With the cost of a broad range of goods and services rising sharply, the figures will reinforce expectations of multiple interest rate

6/19/2023, 9:53:28 PM What to watch in Asia today FT reporters China: The People’s Bank of China is scheduled to publish its latest policy rates. Analysts polled by Reuters expect lending benchmarks to be cut for the first time in 10 months amid a slowing post-Covid recovery. Last week the central bank unexpectedly cut a

Asking prices for UK homes flatlined in the past month as a “disorderly” mortgage market and rising borrowing costs dented confidence in the property sales.  New sellers listed their homes for £372,812 on average in the four weeks to June 10, £82 less than in the previous month, representing a marginal fallback after five months

Paradigm shifts happen slowly, and then all at once. This was the case during the last economic shift, in the Reagan-Thatcher era. Ronald Reagan wasn’t elected US president until 1980, but many of the speeches he gave during his 1976 Republican primary run set the stage for a new post-Keynesian era. In this, he argued,

Donald Trump indicted; Boris Johnson practically fleeing parliament; Silvio Berlusconi gone from the Italian stage he had dominated for decades. Pundits might be forgiven for declaring the death of populism alongside that of Berlusconi. Liberals are likely to feel confirmed in their view that populism always ends not only in policy failure — since populists

Gilt yields surged to the highest since 2008, surpassing the level reached during the turmoil following Liz Truss’s mini Budget, after strong UK wage growth data on Tuesday. Wage growth accelerated in the three months to April against a backdrop of rising employment, raising the likelihood of further interest rate rises. Two-year gilt yields rose