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...Homecoming: The Path to Prosperity in a Post-Global World, by Rana Foroohar, Crown $30, 400 pages Richard Baldwin is a professor of international economics and editor-in-chief of CEPR’s policy portal VoxEU.org...
...There is a limited, if admittedly growing, data set on zigzags and U-turns in policy and technology....
...the nascent and expanding digital currency industry....
...In 2017, Nike said it would begin trimming its network of retail partners from some 30,000 accounts to just 40....
...Ofgem is keen to avoid a repeat of the situation in late 2021 and 2022 when soaring wholesale gas prices triggered the collapse of 30 suppliers, ultimately adding £82 to each household bill to cover the...
...The central bank has hoisted interest rates from 8.5 per cent prior to Erkan’s appointment in June to 30 per cent....
...But Kwasi Kwarteng’s U-turn on the abolition of a 45p tax rate for high earners will not restore the UK’s fiscal credibility....
...FTX founder Sam Bankman-Fried will testify next week at a US congressional hearing on the collapse of his crypto group, in a U-turn that will mark his first public contact with US officials about the events...
...“Markets are reacting positively to the possibility of another U-turn on the Budget,” said Athanasios Vamvakidis, a currency strategist at Bank of America....
...A slide this week, which was dulled on Friday when the dollar fell broadly against other currencies, came despite the BoE’s 0.75 percentage point rate increase, the biggest in 30 years....
...Megathreats: The Ten Trends That Imperil Our Future, and How to Survive Them by Nouriel Roubini, John Murray £20/Little, Brown $30, 320 pages John Thornhill is the FT’s Innovation Editor Join our online...
...The 30-year gilt yield tumbled 0.41 percentage points to 4.37 per cent, reflecting higher prices....
...The 30-year yield slipped 0.01 percentage point to 3.98 per cent, reflecting a small rise in price....
...Others feared the effects of the energy U-turn, leaving it entirely unclear who will be supported, at what prices and in what way come spring....
...Ether, which is considered a proxy for sentiment for digital asset projects that offer investors high yields, has dropped almost 30 per cent since Friday, leaving it down two-thirds in dollar terms this...
...One ally of Truss says that on Wednesday the prime minister was in “a pretty hardline place — she was against any U-turn”, but that the mood changed after that meeting of the backbench 1922 committee....
...Sir Jon Cunliffe, the bank’s deputy governor, said the main sign of a well-received intervention was that it “led to a [1 percentage point] fall in the 30-year gilts yield that day”, but BoE officials insist...
...A week ago people were buying and selling this bond at 20-30 cents on the dollar. Today it has been repaid in full, and someone made an ungodly amount of money....
...So I’m looking at how well, or badly, everyone involved in the conflict is holding up. Ukraine There’s little doubt that Ukraine is the hardest hit. The debt announcement marked a U-turn for Kyiv....
...So it had to perform a U-turn on that. Sonja Hutson What’s been the impact on global bond markets? Katie Martin Generally speaking, what happens in the UK stays in the UK....
...bit more time engaging with Labour because you might not notice, but they’re 30 (laughter) points ahead in the opinion polls....
...A ring of LEDs shaped like LV’s signature flowers lights up in a kaleidoscope of shades in time to the music, and a further circle of lights flashes “L-O-U-I-S-V-U-I-T-T-O-N.”...
...Pre-tax profits soared to £10.7m, compared with £523,074 in the first half of 2020....
...Tanker earnings were at their lowest for more than 30 years....
...The price of bitcoin collapsed as much as 30 per cent on May 19, hitting a low of $30,000 in chaotic trading conditions following a warning from Chinese authorities of tighter curbs ahead....
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