Workers will return under deal to extend contract until January 15 and avert billions in economic damage
Slowest price growth in over a year comes after painful rate rises
The many ways in which the big blocs can make it hard to stay non-aligned
Also in today’s newsletter, OpenAI wants exclusive investors, and LVMH to sponsor F1
Downturns don’t have to be extreme events to affect markets
The American market is too small to give Washington leverage over Chinese software in EVs
Interest rate cuts should support a rise in spending in durable goods
Conflicts, climate change and trade disputes may require ‘forceful’ rate rises in future, says Basel-based body
There is none of the bipartisan spirit that the cold war brought to Washington
Also in today’s newsletter, oil prices surge and Vance-Walz debate
Don’t rely on easy r* narratives
Profit warnings have come from a sector facing weak sales at home, intense competition in China and slowing EV demand
The powerful longshoremen president has closed eastern and southern US docks
New data will help reassure the Bank of England that price pressures are easing
Beijing’s booming green tech sector is increasingly driving FDI flows into global markets
Business estimates stoppage could cost nearly $5bn a day after ‘impasse’ over wages and automation
There are reasons to expect real rates to go even higher
Decline bolsters expectations that ECB will cut interest rates again this month
Central banks are in cutting mode — but how fast they will lower interest rates remains unclear
Also in today’s newsletter, US east coast ports shut down, and former BDO employee accused of stealing client money
Old arguments over energy trading and fishing rights are a potential stumbling block in the talks
Cost of living crisis shows signs of receding as stores try to lure back bargain hunters
US central bank chair expresses ‘growing confidence’ of soft landing for economy
Beijing should err on the side of acceptance rather than denial and make major efforts to avoid the mistakes of Japan
With the world in fresh crisis, bold action is again needed from the IMF and World Bank
