Kristalina Georgieva says unpredictability of US trade policy is driving up borrowing costs around the world
Bank of America says ‘gangbusters’ figures will dash hopes for further Federal Reserve rate cuts
Groups including Sainsbury’s, Next and M&S warn of higher prices and weaker demand as costs and inflation rise
America’s grip on global financial services could provide Trump with another source of leverage
Also in today’s newsletter, the resurrection of Andersen Consulting, and hiding savings from a significant other
Bloc concerned about president-elect reversing US sanctions against Russia and other policies
Some 700,000 borrowers face jump in repayments when fixed-rate deals end this year
Equity market optimism about president-elect’s impact contrasts with warnings over hit to GDP growth
Prisons minister James Timpson’s initiative will see people on probation and serving sentences outside jail helped into work
Unusual diplomatic overture comes as Beijing braces for escalating tensions with new administration
Kansas City Fed chief Jeff Schmid calls for ‘gradual’ changes in monetary policy
The 19th-century political economist understood that the whole of society should benefit from outsized profits
From borrowers to sorrowers
Currency softens over weakness in world’s second-largest economy and fear of Trump tariffs
Also in today’s newsletter, corporate borrowers rush to lock in loans and the growing interest in lunar spectrum
The new president is not the man to shore up the US ‘economic security state’
Beijing has struggled to stimulate domestic demand in economy
Minutes from December meeting show policymakers are concerned about US inflation risks
Donald Trump’s vow to rename Gulf of Mexico the ‘Gulf of America’ is latest dig to neighbouring countries
Also in today’s newsletter, Facebook ends third-party fact-checking, and analysts turn on Citi’s chief executive
Minister says proposed AirTag factory would not help US tech giant meet local content rules on smartphone sales
Renminbi under pressure from stronger dollar and concerns about incoming US president’s trade plans
As automation becomes a reality everywhere from retail warehouses to restaurant kitchens, the use of robots is increasingly controversial
Investors bet Fed likely to lower interest rates just once this year after better than expected jobs and services figures
2025 is filled with questions and it’s just beginning
