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...The fund listed the UK in its Fiscal Monitor publication on Wednesday as one of four large economies that “critically need to take policy action to address fundamental imbalances between spending and revenues...
...The Biden administration has, after all, reasserted the role of the state in the US economy in ways we haven’t seen for half a century: supporting re-industrialisation, subsidising strategic industries,...
...(Just try to open a bank account or take out a mobile subscription in another country from the one in which you live.)...
...But from a global perspective, China’s actions look less egregious. America is also subsidising its EV and clean power sectors....
...Dressing this up in strategic status, a non-existent designation with unclear benefits, just feels a little cuckoo. alan.livsey@ft.com...
...The World Bank has become a focal point for negotiations to find up to $9tn a year by 2030 to pay for action on climate change....
...These included a “strategic resilience fund” to secure clean energy supply chains, and even a US sovereign wealth fund to make long-term investments in strategic technologies....
...Prices for neodymium-praseodymium oxide, a compound of two of the most important rare earths for permanent magnets — for which China is both the largest supplier and consumer — are hovering just above $53,000...
...This is true even when it’s for good strategic reasons such as the need to deal with climate change or create a just transition to the green economy for workers....
...But a bold, ambitious goal for the nation’s health, enshrined in legislation and hard-wired into government decision-making, would galvanise action....
...China needs to not just reflate its economy but to inflate away its debts....
...the actions had “nothing to do with elections”....
...and in deterrence, strategic ambiguity can be a virtue....
...The latest figures for the world’s largest economies show that inflation remains elevated in some countries, excluding food and energy, a key measure of underlying price pressures....
...Campbell said the US was being “very direct” about its concerns and would “hold China accountable” for its actions....
...We know that unthinkable action, like sudden mass lockdowns, can be launched in the face of a problem with the frightening immediacy of a global pandemic....
...In 2010, Jiang Jianqing, then-chair of China’s largest bank ICBC, made what seemed like the deal of the century: acquiring a foothold on Wall Street for just one dollar....
...The Department for Business and Trade did not immediately respond to a request for comment. The ruling comes at a pivotal time over workers’ rights....
...First, the country needs a strategic vision. Muddling through is not enough....
...My guest is Emile Hokayem, senior fellow for Middle East security at the International Institute for Strategic Studies in London....
...But many supporters of climate action also manipulate language in a way that harms their cause....
...Other ideas include a “fifth freedom” (on top of those for people, goods, services and capital) for education, innovation and research to facilitate, for example, data processing at a European scale — with...
...The strategic advantages are profound, say analysts, even for a White House eager to transition away from fossil fuels to clean energy....
...The UK must be more strategic in how it funds science, a former Covid adviser has said, as the government launches a search for business candidates to run its research awards body that has an annual budget...
...“We need to work with them to address the economic and social barriers they face in making a just green transition.”...
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