Hints and tips:
Related Special Reports
...UBS agreed to rescue Credit Suisse last March in a deal orchestrated by Switzerland’s finance ministry, financial regulator and central bank....
...Can central banks claim much credit for bringing inflation down? Isabel Schnabel: It’s a myth that the inflation trajectory would have been the same in the absence of monetary policy action....
...Eurozone banks reported a “substantial” drop in loan demand from companies, prompting calls for the European Central Bank to signal it will cut interest rates soon when it meets this week....
...At his State of the Union address early last month, US President Joe Biden proudly hailed the American economy as “the envy of the world”. It is hard to disagree....
...Investors have seemed relatively unperturbed about Rome’s debt issues, helped by the European Central Bank buying the bonds of Italy and other governments until the end of this year and its scheme to buy...
...At some point, this risks leaving lenders without sufficient reserves and could cause unwanted volatility in short-term borrowing costs and even a credit crunch....
...“But we should remain proportionate going forward given an economy that has stagnated for 18 months, risks to the economic outlook that are skewed to the downside, and credit conditions that are in restrictive...
...“I would say our secret weapon in all of this has been Arizona State University,” says Kate Gallego, Phoenix’s mayor....
...The controversial deal is opposed by unions and Donald Trump and the White House, with Joe Biden saying it is “vital” US Steel remains “domestically owned and operated”....
...While Biden did say in his State of the Union address that he’s going after $20bn of “junk fees”, including late credit card late charges, it did not stop US senator Katie Britt from calling out “the highest...
...Trying to copy the US Inflation Reduction Act, a package that includes $369bn of subsidies and tax credits for clean energy technologies, would permanently knock 0.6 per cent off EU gross domestic product...
...The €12.2bn monthly drop in eurozone private sector lending in January, reported by the European Central Bank on Tuesday, is the first such decline since August....
...The sharp slowdown in eurozone bank lending stabilised in October after a pick-up in monthly credit flows for mortgages, according to data from the European Central Bank....
...Data shows that credit card interest and fees increased by $51bn in that time to $157bn, with delinquencies on credit card loans running at their highest level in almost 13 years....
...If the Reagan‑Thatcher revolution was about crushing union power, the pendulum seems to be shifting in favour of labour. Unions are changing too....
...Americans are feeling better about the economy, but they just won’t give Biden credit for it, according to a new FT-Michigan Ross poll [free to read]....
...Arizona’s highest court has banned nearly all abortions, a radical move in a critical Biden-Trump swing state which could decide who wins the 2024 presidential election....
...Back in March 2022, EU leaders committed to set deadlines for phasing out export credit to fossil fuels by December 2023....
...Abortion: Democrats are trying to capitalise on Arizona’s ruling to uphold a 160-year-old law by blaming Donald Trump, writes Lauren Fedor....
...There are also primary contests taking place today in Arizona, Florida, Illinois and Kansas....
...Many believe that regional economies that are performing slightly better than feared means a more painful recession can be avoided, while falling inflation will allow central banks to cut interest rates,...
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...Credit Suisse’s takeover by UBS last March marked the first demise of a globally systemic lender since the financial crisis....
...No more foreign credit causes the economy to collapse. However, before, during and after the invasion, the value of Russia’s exports has far exceeded what it pays for imports....
...But once these artifices were no longer possible with the process of convergence towards monetary union, GDP stopped growing....
International Edition