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FOMC minutes showed officials worried about ‘long-lasting’ effect of market turmoil after Donald Trump launched trade war

EU negotiators privately admit Washington’s ‘reciprocal’ levies are unlikely to be overturned in full

Longer effective working lives have so far offset ageing populations

Many fixed-rate loans taken out in era of low and negative interest rates are now coming to an end, the ECB warns

Owner of Peugeot and Fiat brands picks internal candidate to succeed Carlos Tavares

Ousted Davos founder says central bank chief has been in talks to depart before her term ends in 2027

Survey indicates hurdles for Beijing as it negotiates with US on trade

Also in today’s newsletter, McKinsey sheds 10% of staff and lessons from Beijing’s Made in China plan

Beijing’s aggressive investments in domestic production have strained trade relations with western partners. But can the world learn from it?

New Delhi hopes to head off Trump’s threat of 26% duties while protecting vast agricultural sector

Stronger than expected consumer confidence reading adds to buoyant investor mood

British state support needed to prevent loss of production facilities after tariff changes, industry warns

Eurozone accession was repeatedly pushed back due to political turmoil and rising inflation

The courts will not pose a problem, even if tariffs and the budget still do

Austrian central bank governor warns earlier reductions are ‘more risky’ and will have ‘no effect’ on growth in the currency bloc

Also in today’s newsletter, Greenland threatens to woo China if US and Europe shun its mining sector and Japan opens up to non-US defence procurement

She’s Gen Z, she’s Scottish, and she’s our only hope

Also in this newsletter: Brussels strains to lower the Russian oil price cap

The EU now has a unique chance to capitalise on investor doubts about the US and promote the euro as a reserve currency

Fresh food costs push prices to their fastest rise since May 2024