EU to combat taxation ‘race to the bottom’ with 15% rate for big companies Officials confident draft law will secure unanimity, despite concerns from Hungary and Estonia
Global supply chain crisis could last another two years, warn experts As some bottlenecks ease others are just starting, meaning the post-pandemic economy ‘won’t return to normal any time soon’
UK-Australia trade deal is more golden duck than golden goose Analysis: In purely economic terms the first post-Brexit trade deal negotiated from scratch will save each UK household £1 a year
Calls for UK to improve relations with EU after food and drink exports plummet Figures reveal impact of Brexit and pandemic, with £2.7bn fall blamed largely on 24% drop in sales to bloc
Returned clothes and shipping delays force Boohoo to slash sales forecast Shares plunge as firm warns ‘exceptionally high’ rate of customer returns amid higher dress sales is denting sales
Tame US inflation carefully or risk some nasty side-effects Paul Volcker’s shock therapy hollowed out American manufacturing and permanently boosted both Beijing and Wall Street
The Great Furniture Delay: ‘We’ll be eating Christmas dinner on our camping tables’ Supply chain disruptions have left many UK households waiting months extra for deliveries of sofas and tables
Global inequality ‘as marked as it was at peak of western imperialism’ Super-rich have grabbed an increasing share of the world’s income, economists’ study finds
China unveils package to boost economy as Evergrande teeters Beijing to increase business lending and build more affordable housing, but reports say property giant has missed a key bond repayment
UK house prices remain turbo-charged without sales of healthy market Cutting stamp duty and interest rates saved financial system from hardship but widened property wealth gap
EU launches €300bn fund to challenge China’s influence Global gateway infrastructure strategy aims to counter belt and road initiative impact in Asia, Africa and Europe
OECD warns Omicron variant could cause severe global slowdown Fears variant will amplify shortages, driving up inflation, or even force repeat of earliest phase of pandemic
Moderna boss predicts current vaccines may be less effective against Omicron Stock markets dip as CEO questions efficacy but others move to calm fears about risk of serious illness
The Guardian view on the WTO talks: poor countries can’t be kept poor Editorial: The trade liberalisation of the 1990s did not lead to higher economic growth rates. This should raise serious concerns for backers of globalisation
The Omicron variant reveals the true global danger of ‘vaccine apartheid’ Sharing vaccines with poorer countries is the right thing and the self-interested thing to do. The west needs to stop being so short-sighted