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...A genuine realignment of global manufacturing would be “a vast undertaking which will take many years and a colossal amount of investment and state intervention to achieve”, Devetak added....
...In 2023, the fund also approved a $15.6bn aid package for Ukraine, the first time it had done so for a country at war....
...A fund analysis found a 1 percentage point spike in US rates led to a 90 basis point rise in other advanced economies and an increase in emerging markets of 1 percentage point....
...A spokesperson for Austria’s state prosecutor for Economic Crime and Corruption (WKStA) confirmed a formal investigation into Benko, first reported by the country’s public broadcaster ORF, was under way....
...Data visualisation by Keith Fray...
...I don’t want to say these things about what is happening to me as a businessman trying to invest in Ukraine because the people responsible are in a minority, and they are betraying a young generation of...
...Combating high debt levels would be hard in a year when there is a record number of elections and at a time of heightened anxiety “due to exceptional uncertainty and years of shocks”, she said, adding that...
...Kristalina Georgieva has won a second five-year term as IMF managing director, ahead of the start of the fund’s spring meetings in Washington next week....
...“If we don’t have a major shock in developments, we are heading towards a moment where we have to moderate the restrictive monetary policy that we have, in reasonably short order,” she told CNBC....
...Sam Jones A lot of banks are worried about what this means for commercial real estate in Europe as a whole, and whether Signa is a sort of canary in the coal mine....
...Powell’s remarks come as a higher than expected figure for March consumer price index inflation led markets to row back their expectations that the Fed would cut rates as soon as June....
...“Stalling disinflation could surprise investors, leading to a repricing of assets and a resurgence of financial market volatility,” the GFSR said....
...But democracy has been on a declining trend globally since 2012, according to research from the University of Gothenburg’s V-Dem Institute....
...For example, there would be a one-day mismatch if a manager wished to sell a European stock trading on T+2 and buy a US stock trading on T+1, he said....
...“Preliminary investigations have been initiated against a person and a legal entity . . . on suspicion of fraudulent bankruptcy and money laundering,” a spokesperson for the Liechtenstein prosecutor said...
...“Easy Wins” (4th Estate) by Anna Jones is out now Follow @FTMag to find out about our latest stories first and subscribe to our podcast Life and Art wherever you listen...
...Many of the dead were convicts recruited by the Wagner Group, led by Yevgeny Prigozhin, who a month later staged a mutiny against Moscow and then died in a plane crash....
...A delegation for the “Neutrality Initiative” handed in a petition of 130,000 signatures to government officials in Bern on Thursday, making a national vote on a constitutional amendment proposed by the campaign...
...John Williams, a voting member of the Fed’s policymaking committee, said he expected inflation “to continue its gradual return to 2 per cent, although there will likely be bumps along the way”....
...a postwar high of 38 per cent of GDP....
...have argued for the establishment of a body to do just that: a new Urban Science Advisory System to work in tandem with the UN General Assembly....
...Global stock markets sank and Asian currencies were hit by a rising dollar on Tuesday, following a Wall Street sell-off prompted by strong US retail sales figures suggesting the Fed may cut rates this year...
...The US and the UK have launched a crackdown on trades in Russian metals, in a move designed to limit Moscow’s export revenue and restrict its ability to fund the war in Ukraine....
...A key demand from the ministry is that the Bundeswehr will be made ready for the reintroduction of compulsory national service, Pistorius said, should a decision be taken to do so....
...The race to create stylish sustainable shoes is a pacey one....
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