Economy news

• World Bank predicts worst decade for global growth since 60s

  10-06-2025 19:41 via bbc.com
  
  The US, Japan and the euro area are all expected to have lower growth as Trump's tariffs bite.
  
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• Citigroup poised to boost provisions for potential bad loans

  10-06-2025 18:34
  US bank’s move signals growing financial stress among businesses and consumers
  
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• Citi to boost provision for potential bad loans on US economic worries

  10-06-2025 18:34
  US bank says figure will be up by a ‘few hundred million dollars’ from previous quarter
  
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• Citi poised to increase provisions for potential bad loans by hundreds of millions

  10-06-2025 18:34
  
  American bank says figure will be up by a ‘few hundred million dollars’ from previous quarter
  
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• UK unemployment hits 4-year high as pay growth cools

  10-06-2025 18:01
  Vacancies fall and number of people claiming jobless benefits rises
  
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• EU investigates alleged Chinese tariff dodging as it hikes plywood duties

  10-06-2025 17:23
  Levies of up to 62.4% on hardwood varieties latest flare up in trade tensions
  
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• Podcast: The Wolf-Krugman Exchange

  10-06-2025 16:39
  The old economic order is dead. What will replace it?
  
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• UK firms hold off on hiring as job vacancies fall

  10-06-2025 16:33 via bbc.com
  
  The employment market is "weakening" official figures suggest, as cautious businesses delay recruitment.
  
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• An ever riskier world economy

  10-06-2025 16:12
  Trump’s tariff war brings with it unpredictability and a consequent loss of confidence
  
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• Trade wars to weigh on two-thirds of developing countries, World Bank warns

  10-06-2025 15:30
  Emerging economies outside of Asia becoming ‘development-free zone’, lender warns
  
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• Italy, Greece and Spain emerge as winners in bond market anxiety

  10-06-2025 14:46
  
  Eurozone’s former crisis spots have shaken off concerns over rising debt levels as investors bet on fiscal co-operation
  
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• People on £10,000 to £96,000 tell us what they want the UK to spend money on

  10-06-2025 14:19 via bbc.com
  
  As the government outlines its spending plans, people with a range of incomes tell us where they think the money should go.
  
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• Central banks can brush aside rising long bond yields

  10-06-2025 13:30
  Their credibility is strong, the spillovers are small and financial conditions are improving
  
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• US says trade talks with China ‘going well’ as sides reconvene

  10-06-2025 12:12
  Howard Lutnick says discussions in London expected to go on throughout Tuesday
  
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• Milei clashes with Argentina’s protectionist outpost at end of the world

  10-06-2025 12:00
  Province set up to project sovereignty over Antarctic Peninsula and Falklands faces shake-up under libertarian leader
  
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• FirstFT: Trump administration to send 700 marines to Los Angeles

  10-06-2025 11:53
  Also in today’s newsletter, Apple to allow developers AI model access and Carney pledges to boost Canada’s defence spending
  
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• Bitcoin-buying companies

  10-06-2025 07:30
  And US versus Chinese solar producers
  
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• 'I studied to be an NHS midwife but £60k debt and no jobs made me quit'

  10-06-2025 07:10 via bbc.com
  Voters in West Yorkshire explain where they want to see government cash ahead of the Spending Review.
  
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• China’s Huawei plays down its chipmaking capabilities

  10-06-2025 06:32
  Founder Ren Zhengfei says US is exaggerating his company’s technology amid trade talks between Washington and Beijing
  
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• Rising debt burden puts UK on a trajectory of more volatility

  10-06-2025 06:00
  Investors are likely to seek a higher risk premium for British assets
  
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• Panama Canal boss warns MSC ports deal threatens principle of neutrality

  10-06-2025 06:00
  Operator says purchase of Hutchison assets poses risk to waterway’s compliance with US treaty with Central American nation
  
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• Chinese drone parts prices double as export controls bite

  10-06-2025 06:00
  Beijing severely limits shipments of critical components dominated by country’s suppliers
  
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• China’s $1.1tn asset manager becomes star player on ‘national team’

  10-06-2025 06:00
  State-owned Central Huijin in spotlight after big intervention in domestic stock markets to boost economy
  
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