Economy news

• Trump’s exit from Paris climate accord has ‘huge impact’, says COP30 chief

  25-01-2025 06:00
  
  US withdrawal will make it ‘much harder’ to curb global warming, says André Corrêa do Lago
  
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• Trump’s new economic war

  24-01-2025 20:07
  The president’s ultimatums and demands on allies and rivals suggest he will use America’s financial might as a cudgel
  
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• Mexico and Canada forge united front in face of Trump’s tariff threats

  24-01-2025 19:38
  
  US trade partners warn new measures would harm consumers in all three countries
  
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• Trump urged not to put massive tariffs on UK

  24-01-2025 19:05 via bbc.com
  
  Business Secretary Jonathan Reynolds says there is no need for tariffs because the US has no goods trade deficit with the UK.
  
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• Brussels pushes ‘buy European’ procurement plan

  24-01-2025 16:29
  
  Leaked policy proposal would give government option to exclude foreign companies from public contracts
  
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• Europe can import disillusioned talent from Trump’s US, says Lagarde

  24-01-2025 15:29
  
  ECB president defends EU strengths and insists it is ‘not a basket case’
  
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• Trump gives Chinese equities a breather

  24-01-2025 12:55
  
  If the US president takes a more flexible approach, tariffs may end up being used as a bargaining tool rather than end goal
  
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• Dollar falls after Trump hints at softer stance on China tariffs

  24-01-2025 12:20
  
  US president also says he would like to see interest rates to fall ‘a lot’
  
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• UK businesses cut jobs at ‘fastest pace since 2009’ bar the pandemic

  24-01-2025 11:52
  
  Survey results add to gloom about economy as employment levels fall
  
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• UK business activity edges up but job cuts and inflation point to ‘stagflation’, survey finds

  24-01-2025 11:25
  
  Results add to gloom about UK economy as employment levels fall
  
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• Bank of Japan raises rates to highest level in 17 years

  24-01-2025 09:52
  
  Central bank signals more increases to come if wage and price growth hit forecasts
  
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• FirstFT: US oil output growth to slow despite Trump’s ‘drill, baby, drill’ plan

  24-01-2025 06:27
  
  Also in today’s newsletter, Commerzbank chief rejected talks with UniCredit and OpenAI struggles to price Microsoft stake
  
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• Update from Davos: Can industrial policy really work? With Beata Javorcik

  24-01-2025 06:00
  
  A conversation with  the chief economist of the European Bank for Reconstruction and Development
  
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• The ECB needs a rethink of its policy approach

  24-01-2025 06:00
  
  The central bank should be forward-looking and signal its equilibrium level for rates
  
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• Bank of Japan raises interest rates to ‘around’ 0.5%

  24-01-2025 05:58
  
  Central bank signals more increases to come if GDP and price growth hit forecasts as it normalises monetary policy
  
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• Bank of Japan raises interest rate to ‘around’ 0.5%

  24-01-2025 04:29
  Well-signalled move extends monetary policy ‘normalisation’
  
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• Singapore eases monetary policy for first time in 4 years

  24-01-2025 02:34
  City-state’s central bank cites ‘trade frictions’ as it trims growth and inflation forecasts for 2025
  
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• FirstFT: Japanese megabanks hit valuation landmark as BoJ weighs rate rise

  23-01-2025 22:43
  
  Also in today’s newsletter, a record number of US companies weigh China exit, and Trump calls on Opec to push down global oil prices
  
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• When peak Chinese oil demand meets ‘drill, baby, drill’

  23-01-2025 19:54
  
  Trump’s slogan is a bet on the energy status quo, not on the future
  
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• Trump calls on Opec to push down global oil prices

  23-01-2025 18:36
  
  US president tells World Economic Forum he will insist central banks lower interest rates ‘immediately’ afterwards
  
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• Donald Trump calls on Opec to push down global oil prices

  23-01-2025 18:20
  
  US president tells World Economic Forum he will insist central banks lower interest rates ‘immediately’ afterwards
  
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• Trump’s Panama Canal threat revives memories of 1989 US invasion

  23-01-2025 17:30
  
  Panamanians fear Washington’s retaliation over Chinese interests in strategic waterway
  
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• Will Trump’s fight against the ‘deep state’ upend government?

  23-01-2025 15:00
  
  Also in today’s newsletter, why the first few days of Trump’s presidency have left China cautiously optimistic
  
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• FirstFT: US rates could remain on hold for the ‘foreseeable future’

  23-01-2025 12:12
  Also in today’s newsletter: Davos gloom, and Trump warns Putin to reach Ukraine ‘deal’ soon
  
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• The black swans of Trumponomics

  23-01-2025 12:01
  There is so much more than tariffs that can go wrong
  
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• UK leaves the door open on joining Europe customs scheme

  23-01-2025 11:55
  
  EU trade chief says pan-European customs area is something Brussels ‘could consider’
  
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• Ministers weigh signing up UK to Europe customs scheme

  23-01-2025 11:55
  
  EU trade chief says adding Britain to pan-European area is something Brussels ‘could consider’
  
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• Ministers weigh signing UK up to Europe customs scheme

  23-01-2025 11:55
  
  EU trade chief says adding Britain to pan-European area is something Brussels ‘could consider’
  
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• Record number of US companies weigh China exit as Trump tensions rise

  23-01-2025 09:44
  
  Technology and R&D groups among most likely to consider relocation amid brewing trade conflict
  
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• Trump 2.0 and tremors in Taiwan

  23-01-2025 08:50
  
  The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times
  
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• The Magnificent Seven in Trumpland

  23-01-2025 07:30
  And the impacts of tariffs on Canada and Mexico
  
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• Simplification, not deregulation, is the EU’s answer to the Trump revolution

  23-01-2025 07:00
  
  Also in this newsletter: The ICC asks why Italy released an alleged war criminal
  
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• FirstFT: European banks to hand investors bumper payouts for second year

  23-01-2025 06:32
  Also in today’s newsletter, Davos gloom and Trump warns Putin to reach Ukraine ‘deal’ soon
  
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• Trump’s Mexico tariffs would shift plants to Asia, warns car parts maker

  23-01-2025 06:01
  
  Sumitomo Electric head says president’s proposed 25% duty would amount to the US ‘strangling’ itself
  
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• How to stop Donald Trump exporting trade wars

  23-01-2025 06:01
  
  Distortions from US tariffs need not be disastrous
  
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• Fed to keep rates on hold for ‘foreseeable future’, Pimco says

  23-01-2025 06:01
  US central bank will wait for more details of Trump’s policies before resuming cuts, says bond manager’s investment chief
  
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• EU plans subsidy for EV car sales to counter China

  23-01-2025 06:01
  Teresa Ribera says European Commission weighing up measure demanded by Germany
  
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• EU plans subsidy for electric vehicle sales to counter China

  23-01-2025 06:01
  
  Teresa Ribera says European Commission weighing up measure demanded by Germany
  
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• Davos hits ‘peak pessimism’ on Europe as US exuberance rises

  23-01-2025 06:01
  
  Christine Lagarde warns of ‘existential crisis’ for continent while Donald Trump puts America first
  
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• FirstFT: ByteDance plans to spend $12bn on AI chips this year

  22-01-2025 22:57
  
  Also in today’s newsletter, Trump warns Putin to reach Ukraine ‘deal’ soon, and Pakistan to seek extradition of billionaire tycoon from UAE
  
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• Polestar seeks new suppliers after US ban on Chinese software in EVs

  22-01-2025 21:31
  
  Carmaker backed by China’s Geely maintains US growth strategy despite mounting uncertainty
  
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• Stellantis plans US investments worth more than $5bn

  22-01-2025 21:10
  
  Proposed spending comes after carmaker’s chair met Donald Trump before his inauguration
  
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• Trump’s assault on the global corporate tax regime

  22-01-2025 19:53
  
  President threatens retaliation against ‘discriminatory’ levies on US multinationals
  
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• Stellantis plans US investments of more than $5bn

  22-01-2025 19:24
  
  Announcement comes after John Elkann, chair of the Chrysler and Fiat owner, met Donald Trump ahead of his inauguration
  
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• Syria to privatise and overhaul economy, says foreign minister

  22-01-2025 12:14
  Top diplomat Asaad al-Shaibani tells FT that Damascus wants to end isolation and secure sanctions relief
  
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• Syria to dismantle Assad-era socialism, says foreign minister

  22-01-2025 12:14
  
  Top diplomat Asaad al-Shaibani tells FT that Damascus wants to end privatise state companies and secure sanctions relief
  
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• UK interest rates have a long way yet to fall, says Goldman Sachs

  22-01-2025 11:43
  
  Broken Britain
  
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• China stocks and renminbi hit by Trump’s 10% tariff threat

  22-01-2025 08:16
  
  Benchmark Hong Kong share index down 1.8% after trade shot at Beijing
  
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• China’s sees room to avert trade war with Trump despite tariff threat

  22-01-2025 07:19
  
  New US president hints at potential agreement linking TikTok ownership with tariffs
  
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• China sees room to avert trade war with Trump despite tariff threat

  22-01-2025 07:19
  
  New US president hints at potential agreement linking TikTok ownership with tariffs
  
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