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Economy
How China’s new trade deal can help the US at the WTO
On New Year’s Day, a highly anticipated trade deal went into force. It’s called the Regional Comprehensive Economic Partnership (RCEP), and it combines the 10 members of the Association of Southeast Asian Nations (ASEAN) with five other…
Chinese business groups urge India to stop irregular tax probes, saying move shakes
File photo Two Chinese chambers of commerce in India urged New Delhi to change its irregular tax probe practice and treat foreign investors equally, actively engender an open, fair, and non-discriminatory business environment for…
A house price correction is on the cards if interest rates keep rising
More importantly, the international evidence suggests that we should be wary of UK-specific explanations. The fact is that there has been a boom in house prices across almost all advanced countries.
Indeed, the rate of increase in the…
Republicans are much more worried about inflation than Democrats. Why that matters
Democrats and Republicans have wildly different expectations for inflation in 2022. Republicans expect prices to rise about 7% over the next year — more than double the 3% increase expected by Democrats, according to last month's…
Farm subsidy plan ‘risks increasing the UK’s reliance on food imports’
The government’s plans for a post-Brexit scheme to support British farming are based on little more than “blind optimism” and risk increasing the UK’s reliance on food imports, a parliamentary inquiry has warned.The EU’s scheme of…
What real-time indicators suggest about Omicron’s economic impact
Jan 1st 2022WHAT IS THE economic impact of Omicron? The latest variant of the coronavirus has let rip at such a ferocious pace that forecasters are still catching their breath, and it will be some time before its economic effects become…
Dollar firms ahead of U.S. inflation data; PBOC clips yuan’s wings
A U.S. one dollar banknote is seen in this illustration taken November 23, 2021. REUTERS/Murad Sezer/Illustration/File PhotoRegister now for FREE unlimited access to reuters.comRegisterSYDNEY, Dec 10 (Reuters) - The dollar was firm on…
European markets fall as UK wage growth wiped out by inflation
European markets: Mining stocks proved to be the biggest drag on the FTSE, along with technology and consumer-focused firms also. Photo: Toby Melville/ReutersEuropean stock markets headed lower on Tuesday after a strong start to the…
Why gold has lost some of its investment allure
Jan 8th 2022INFLATION IS SURGING, central-bank money-printing has run amok and political tensions between the world’s powers are intensifying. These ingredients sound like a waking fantasy for ardent believers in the long-term promise of…