Economy news

• It is too soon to hold a funeral for US tariffs

  29-10-2026 06:00 via Global Economy
  Import duties are a far bigger deal in next week’s midterms due to their association with an unpopular president
  
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• Our current AI moment has darker historical echoes

  03-11-2026 12:40 via Global Economy
  If you are looking for past instances of transformative capitalist mobilisation, you need to consider the age of empire
  
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• The IPO catch: Why the best deals are often the hardest to buy into

  03-11-2026 12:11 via Latest from MoneyWeek
  
  Picture two UK investors who bought SpaceX shares this summer. The first applied in June and got them at the $135 initial public offering (IPO) price. The second missed out and bought at the end of the first day's trading, at $160.95. By the end of October, in dollar terms, the first had roughly broken even. The second was about 16% down. Same company, same shares, one day's trading apart.Anthropic could be next. Its filing, published on 26 October, says the offering includes a public offer in t
  
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• FirstFT: Officials discuss Trump, Putin and Xi meeting

  03-11-2026 11:47 via Global Economy
  Also in today’s newsletter: America votes and how Lula’s electoral victory in Brazil has lifted the global left
  
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• Brussels sets tight deadline for ECB president nominations

  03-11-2026 11:14 via Global Economy
  Eurozone leaders need to submit nominees to succeed Christine Lagarde by Friday as contest for top central banking job heats up
  
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• German car parts giant Schaeffler axes 3,500 jobs

  03-11-2026 10:37 via Global Economy
  Automotive supplier to close four sites in Germany as crisis engulfing country’s flagship industry deepens
  
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• US, Russia and China discuss trilateral meeting between Trump, Putin and Xi  

  03-11-2026 09:10 via Global Economy
  US president is travelling to Shenzhen in two weeks to attend Apec summit
  
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• US, Russia and China discuss meeting between Trump, Putin and Xi  

  03-11-2026 09:10 via Global Economy
  US president is travelling to Shenzhen in two weeks to attend Apec summit
  
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• Argentina pitches the EU on food, energy and minerals ‘solutions’

  03-11-2026 07:00 via Global Economy
  Also in this newsletter: The risks of Chinese wind turbines
  
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• FirstFT: America votes

  03-11-2026 06:31 via Global Economy
  Also in today’s newsletter: US strikes Iran island and Nvidia’s China exposure order
  
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• Nvidia orders data centre clients to reduce China exposure

  03-11-2026 06:00 via Global Economy
  World’s biggest chipmaker tells cloud computing providers a majority of their clients must be non-Chinese
  
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• Britain’s biggest container port rises by the Thames

  03-11-2026 06:00 via Global Economy
  DP World’s London Gateway is set to overtake Felixstowe as imports of Chinese electric vehicles grow
  
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• Australia raises rates to highest level since 2008 financial crisis

  03-11-2026 05:37 via Global Economy
  Central bank’s fifth increase this year comes as inflation remains above target
  
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• Japan’s interest rates are rising. Will young people lose out?

  03-11-2026 03:14 via Global Economy
  Better returns from savings will help asset-rich elderly but make life harder for young homebuyers
  
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• FirstFT: Big majority of US voters disapprove of Trump’s handling of inflation, according to FT poll

  02-11-2026 22:40 via Global Economy
  Also in today’s newsletter: Anthropic reveals $900bn AI spending commitments and European supermarket freezers overheat in fresh cyber attack
  
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• US moves to strip South Africa and Rwanda of duty-free trade access

  02-11-2026 21:34 via Global Economy
  Washington cites trade barriers and national security concerns as relations with Pretoria and Kigali deteriorate
  
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• Big majority of US voters disapprove of Trump’s handling of inflation: FT poll

  02-11-2026 19:36 via Global Economy
  On the eve of the midterm elections, Americans say they want politicians who can better handle the economy
  
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• The inconvenient truths of Nixon’s legacy

  02-11-2026 18:06 via Global Economy
  Maga supporters would do well to ponder his economic shadow, which continues to do damage today
  
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• Tech selloff: are AI spending concerns justified?

  02-11-2026 15:51 via Latest from MoneyWeek
  
  Concerns over the scale of capital expenditure on artificial intelligence by the industry’s biggest tech companies have seen trillions of dollars wiped off their combined market valuation. Between its peak on 6 October and the end of the month, the Nasdaq 100 dropped by more than 9%. Estimates put the market value of these losses at around $5 trillion.“For three years, tech giants only had to announce investment in artificial intelligence (AI) to be rewarded by the stock market,” Grégoire
  
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• The midterms and the world

  02-11-2026 15:00 via Global Economy
  A Democratic sweep of both houses of Congress would see big changes on energy and trade in particular
  
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• Is it still worth being a landlord after the Budget?

  02-11-2026 13:47 via Latest from MoneyWeek
  
  Landlords have been given fresh reasons to consider exiting the buy-to-let sector after a new round of tax increases were unveiled in the Autumn Budget.Chancellor John Healey used his debut fiscal update to reveal that a planned income tax rise on rental income next year will be higher than expected.It is the latest blow for landlords who have been dealing with the first months of new rules and regulations under the Renters’ Rights Act.On top of this, landlords have been hit in recent years wi
  
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• EU and Canada seek to be friends with association benefits

  02-11-2026 13:31 via Global Economy
  Brussels and Ottawa have big ambitions for alignment but not much substance yet
  
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• FirstFT: Donald Trump makes his final pitch to voters

  02-11-2026 12:05 via Global Economy
  Also in today’s newsletter: Binance users pull $5bn from crypto exchange and junk bond prices plunge
  
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• Premium Bonds November jackpot winners revealed – who won £1 million?

  02-11-2026 11:50 via Latest from MoneyWeek
  
  Two Premium Bonds holders have woken up millionaires after NS&I’s latest monthly prize draw.The Treasury-backed bank has revealed who bagged the two £1 million prizes in November, and the first winner is from Shropshire.They won with the bond 652GW962089, which they bought in November 2025. They hold the maximum total of £50,000 in Premium Bonds.The second winner from London secured the top prize with bond 175WW854599 which was bought in December 2010. They hold a total of £30,000 in Pr
  
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• Two alternative income funds

  02-11-2026 09:30 via Latest from MoneyWeek
  
  Browse income funds in the specialist debt sector and you will find two investment trusts run by TwentyFour Asset Management, a fixed income specialist owned by the Swiss asset management group Vontobel that looks after £24 billion in assets under management.TwentyFour specialises in asset-backed securities (ABS), so it is not surprising that the £1 billion TwentyFour Income Fund (LSE: TFIF) does exactly that. It invests in a diversified portfolio of securities, each of whose income comes from
  
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• Three top-class smaller biotechnology companies

  02-11-2026 09:00 via Latest from MoneyWeek
  
  Biotechnology companies are seeing record levels of innovation. Approvals of new medicines have held up despite staff turnover at the US Food and Drug Administration (FDA) regulator and large pharmaceutical companies, facing patent expiries on many of their biggest products, are acquiring biotech companies to replenish their pipelines. The catch is that the sector rewards specialist knowledge more than most others: a single trial result can move a share price by half in a day. The Biotech Growth
  
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• Diamonds have lost their lustre – are they worth buying?

  02-11-2026 08:00 via Latest from MoneyWeek
  
  Diamonds – and diamond rings in particular – have long been a symbol of the marital bond. But as attitudes to marriage shifted over the centuries, and the institution was no longer primarily seen as an arrangement cementing family ties and assets, rings came to symbolise romance.Diamonds emerged as the jewel of choice in the 20th century, a result of increasing affluence after World War II, booming diamond mines in South Africa and, crucially, shrewd marketing.In 1947, American copywriter Fr
  
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• China’s soaring chemical exports threaten new trade war front

  02-11-2026 07:42 via Global Economy
  Output has almost doubled in some key ingredients in five years, putting pressure on foreign rivals
  
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• FirstFT: Trump’s petrol price problem

  02-11-2026 06:34 via Global Economy
  Also in today’s newsletter: Iran conflict warning and Glencore CEO pay
  
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• What to watch for in the midterms

  02-11-2026 06:00 via Global Economy
  This week will tell us many important things about the future of American politics
  
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