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Despite the US’s economic success, income inequality remains breathtaking. But this is no glitch – it’s the systemThe Chinese did rather well in the age of globalization. In 1990, 943 million people there lived on less than $3 a day measured in 2021 do…
US officials to hold high-level talks in Brussels amid unhappiness in Washington at slow action on July dealThe EU and US are set to restart trade negotiations next week after a two-month pause to try to settle unresolved sticking points in their contr…
Central bank chief warns that the bloc’s dependence on third countries for trade and security has left it vulnerableEurope’s economy is “geared towards a world that is gradually disappearing”, according to a warning from Christine Lagarde that the EU n…
Supermarkets, clothing stores and online mail order firms suffer sales declines as consumers delay purchasesBusiness live – latest updatesSales at UK retailers slumped unexpectedly last month as shoppers waited for Black Friday deals, and uncertainty o…
October figures represent final snapshot of public finances before Rachel Reeves’s tax and spending statementBusiness live – latest updatesRachel Reeves was urged to use next week’s budget to create significantly more headroom against her fiscal rules,…
Unemployment rate hits 4.4%, its highest level since 2021, and government has said no October report will be issuedThe US jobs market added 119,000 jobs in September, according to the latest monthly jobs report, which was delayed by six weeks due to th…
Amid a blackout of data due to the government shutdown, the $5tn chipmaker’s report took on wider significanceMarkets expectations around Wednesday’s quarterly earnings report by the most valuable publicly traded company in the world had risen to a fev…
Officials are reportedly taking their time on US president’s long-promised chips plan to avoid a rupture with ChinaUS officials are privately saying that they might not levy long-promised semiconductor tariffs soon, potentially delaying a centerpiece o…
Rachel Reeves hints there will be budget measures to push down prices and Bank of England is likely to actUK inflation eases to 3.6% before crunch budgetBusiness live – latest updatesAfter three months on a high plateau, inflation is beginning to ease …
Drop in October’s annual rate raises hopes of interest rate cut after Rachel Reeves’s tax and spending statementFall looks like turning point that heralds interest rate cutBusiness live – latest updatesUK inflation fell to 3.6% in October, easing the p…