UK interest rates will stay high unless service sector inflation falls, says IMF
Warning comes as Bank of England policymakers say price growth in service sector could become embedded
Is Shein really worth £50bn? Reasons to be sceptical are piling up
Shein failed to list in the US and now the EU is planning customs duties that may dent its business model
EU plan to impose import duty on cheap goods could dent Shein and Temu
Brussels move to end tax loophole exploited by China-linked marketplaces could also hit Shein’s planned London listing
Labour landslide may boost investment and confidence in UK, say City analysts
Strong mandate for Keir Starmer’s party should help restore Britain’s ‘safe haven’ status, knocked by Liz Truss and Brexit
Eurozone inflation eases but ECB likely to keep interest rates on hold
Consumer prices slip to 2.5% but core rate stays high, prompting little belief in further cuts in borrowing costs
Soaring government debt could roil global financial markets, warns BIS head
Agustín Carstens says world economy on course for ‘smooth landing’ after inflation but political turmoil poses risk
Global wave of elections could hit UK financial system, warns Bank of England
Central bank raises concerns over newly elected governments as more than 80 countries go to polls this year
Balance effects of AI with profits tax and green levy, says IMF
Governments should use fiscal policies to atone for technology-related carbon emissions, urges report
Russian ties and cheap tech: G7 leaders unequivocal in criticism of China
Concerns set out over supply of materials with military applications, and impact of subsidies on global market
Stellantis says it will ‘fight’ for electric car sales rather than hide behind tariffs
The owner of Vauxhall, Jeep and Fiat says it opposes EU measures against Chinese EVs and wants to compete ‘as a global company’
EU to put tariffs of up to 38% on Chinese electric vehicles as trade war looms
Move, to be applied provisionally from July, would trigger duties of more than €2bn a year
Protectionism is slowing growth and entrenching poverty, says World Bank
International cooperation that allowed poorest countries to close gap with wealthiest has fractured, says report
UK unemployment rising at fastest pace of OECD countries, analysis shows
TUC says only Costa Rica had similar increase in first quarter as ONS data expected to show further rise in April
EU expected to impose import tariffs on Chinese electric vehicles
Experts believe Beijing will retaliate with measures that could hit European exports from cheese to cognac