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Receive free Global trade updates We’ll send you a myFT Daily Digest email rounding up the latest Global trade news every morning. World trade volumes fell at their fastest annual pace for almost three years in July, according to closely watched figures that signal rising interest rates are beginning to impact global demand for goods.
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Receive free Sovereign bonds updates We’ll send you a myFT Daily Digest email rounding up the latest Sovereign bonds news every morning. Hedge funds have been rushing to unwind bets against Britain’s £2.5tn government bond market as investors become increasingly convinced that the Bank of England is nearing the end of its rate rising campaign.
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Receive free UK politics updates We’ll send you a myFT Daily Digest email rounding up the latest UK politics news every morning. Chancellor Jeremy Hunt is planning the biggest shake-up to Individual Savings Accounts in years to persuade more people to take advantage of the tax-free vehicles and use them to back London-listed companies. UK
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Receive free UK economy updates We’ll send you a myFT Daily Digest email rounding up the latest UK economy news every morning. UK economic activity has fallen at the fastest pace since January 2021, according to a closely watched survey that suggests the chances of a recession have increased. With service sector activity weakening, the
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The UK car industry has strongly criticised prime minister Rishi Sunak for considering moving back a ban on new petrol and diesel cars to 2035 from 2030, saying it threatens the UK’s international leadership and the industry’s efforts to pivot to EVs. “Ending emissions from road transport is the only way you will achieve net
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Receive free European Central Bank updates We’ll send you a myFT Daily Digest email rounding up the latest European Central Bank news every morning. The European Central Bank has raised interest rates to an all-time high in a bid to cool consumer prices, despite faltering growth in the eurozone. The ECB’s knife-edge decision to lift
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US inflation exceeded forecasts in August after fuel prices rose, but underlying price pressures eased. The headline rate of consumer prices rose 3.7 per cent year on year, according to the Bureau of Labor Statistics, up from 3.2 per cent in July and higher than consensus forecasts of 3.6 per cent. On a monthly basis,
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UK wages grew at the fastest pace on record in the three months to July, despite a weaker jobs market in which unemployment rose and hiring slowed, official data showed on Tuesday. The Office for National Statistics said annual growth in average pay, excluding bonuses, remained at 7.8 per cent — the highest rate since
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A British parliamentary researcher accused of working for Beijing has denied all spying allegations levelled against him. Speaking through Birnberg Peirce, the law firm representing him, the researcher said he felt “forced to respond to the media accusations that I am a ‘Chinese spy’”. “Given what has been reported, it is vital that it is
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India’s prime minister Narendra Modi has called for the mandate of multilateral lenders such as the World Bank to be expanded, as the IMF’s managing director demanded an increase in the lender’s resources by the end of the year. Efforts to boost the balance sheets and reform the governance of the Washington-based multilateral lenders have
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