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This winter, American realtors have a plethora of problems to ponder. Surging interest rates have created a frozen residential housing market and shifting working practices will push office vacancies to 55 per cent above their pre-pandemic peak by 2030, according to new research from Cushman & Wakefield. The prospect of stranded assets looms. But if
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The US will launch a renewed crackdown on countries and individuals helping the Kremlin evade western sanctions amid growing fears Russia is fuelling the war in Ukraine by funnelling imports through countries such as the United Arab Emirates and Turkey. The push by the US Treasury, commerce and justice departments, details of which were obtained
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The writer is founder of Sifted, an FT-backed media company covering European start-ups In the justifiable, if spicy, words of one veteran tech investor in Israel: “It’s a fricking miracle what we’ve built here.” Over the past three decades, the tiny country of 9mn people, located in a hostile neighbourhood, has shrugged off wars, uprisings
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Once on the brink of collapse, Britain’s automobile industry was painstakingly rebuilt through investments by carmakers from Japan, Germany and India. State-owned British Leyland had become a byword for bad industrial relations, but in the 1980s Margaret Thatcher oversaw a sector renaissance that began with Nissan agreeing to build a car plant in Sunderland. Now,
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In 2002, I moved from London to what was then a blessedly cheaper Paris. London had its almighty banks; Paris was the “Capital of the 19th Century”. In fact, I felt I was emigrating from modernity. France then had lower average incomes than the UK and got less foreign direct investment (FDI), partly because of
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Eurozone inflation fell less than many economists forecast in February, fuelling expectations that the European Central Bank will raise interest rates significantly higher this year. Consumer price growth for the region dipped slightly to 8.5 per cent in the year to February, from 8.6 per cent in January, the EU statistics agency said on Thursday.
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Xi Jinping, China’s most powerful leader since Mao Zedong, is preparing to use the upcoming rubber-stamp parliamentary session to launch a “forceful” overhaul of the government by appointing his most trusted acolytes to oversee the financial, technology and other sectors. The annual National People’s Congress, which kicks off on Sunday, will replace Premier Li Keqiang,
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The writer is senior macro investment strategist at BlackRock Much has been made of the speculative fervour that underpinned the gains in equity markets at the start of the year. After a challenging 2022, there was sharp rebound in riskier assets with investors seemingly taking a more bullish view of the world, particularly on the
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