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Receive free Protectionism updates We’ll send you a myFT Daily Digest email rounding up the latest Protectionism news every morning. “Trade freely with China and time is on our side.” That was the confident view of George W Bush, the former US president, in the run-up to China joining the World Trade Organization in 2001.
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Receive free Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Markets news every morning. European and Asian stocks retreated on Monday as investors worried that flagging global demand could weigh on the chipmaking sector. Europe’s region-wide Stoxx Europe 600 fell 0.5 per cent, dragged lower by healthcare and utilities
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Western companies that have continued to operate in Russia since Moscow’s full-scale invasion of Ukraine have generated billions of dollars in profits, but the Kremlin has blocked them from accessing the cash in an effort to turn the screw on “unfriendly” nations. Groups from such countries accounted for $18bn of the $20bn in Russian profits
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The writer is chief executive of the NHS Confederation The full ramifications from the case of serial child killer Lucy Letby won’t be known until the inquiry is complete. In the immediate aftermath, however, questions have been raised as to why senior National Health Service managers are not regulated in the same way as doctors,
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Receive free UK interest rates updates We’ll send you a myFT Daily Digest email rounding up the latest UK interest rates news every morning. Financial markets and economists are expecting the Bank of England to raise interest rates by another quarter point at its meeting on Thursday, taking the cost of borrowing to 5.5 per
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Andrew* is a 63-year-old partner in a small consultancy in England who finds himself with too much free time and too little cash. Shambo, a 32-year-old associate management consultant in India, has the opposite complaint: his hours have increased dramatically as clients demand more work for the same fees. Sierra, a 23-year-old associate in New
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China: Property developer Sunac plans to hold a creditors’ meeting on its offshore debt restructuring. Trading in the indebted company’s shares was suspended for a year after it defaulted on liabilities in 2022. Another developer, Country Garden, faces a initial deadline to pay more than $15mn in bond interest. Australia: Michele Bullock becomes Reserve Bank
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Sir Keir Starmer has promised to seek a major rewrite of Britain’s Brexit deal in 2025 if Labour win the next general election, saying he owes it to his children to rebuild relations with the EU. Starmer told the Financial Times that he would put a closer trading relationship with Brussels and a new partnership
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