For anything Economics related that doesn’t require its own separate discussion.

Is eurozone inflation still falling? Investors searching for reasons to believe central banks will start cutting interest rates sooner rather than later could be encouraged by a further drop in eurozone inflation when the latest price data is released on Thursday. The harmonised index of consumer prices in the 20 countries that share the euro is set to fall from 2.9 per cent in October to 2.8 per cent in November, according to economists’ forecasts compiled by LSEG. “We expect…

Major European shipping nations are resisting the EU’s plans to charge vessels entering their waters for emissions, saying the policy could divert maritime trade away from the bloc. In a letter to the European Commission, seen by the Financial Times, ministers from seven EU countries including Spain and Italy have called for the option to pause plans to include shipping in the EU’s emissions trading scheme (ETS) from January. The letter said the move risks driving business away from European…

In the 1920s, the Canadian politician Raoul Dandurand described the country as a “fireproof house” — surrounded on three sides by the Pacific, Arctic and Atlantic oceans, and with a friendly neighbour in the US to the south.  It is a comforting view of the world that has helped define Canada’s identity, even as it sent soldiers overseas to fight, from the second world war to Afghanistan.  But that sense of detachment from the harsh realities of geopolitics is rapidly…

Nigerians are turning to expensive emergency loans to cover the cost of essentials, as the country’s economic woes push more people into poverty and fears grow of a consumer debt crisis. High inflation and a controversial austerity drive by the government have weighed down on Nigerians’ incomes at a time when payday loan providers have become ubiquitous. “You become enslaved,” said Samuel, the owner of a small dry cleaning company in Lagos who declined to give his surname because of…

This article is an on-site version of our Disrupted Times newsletter. Sign up here to get the newsletter sent straight to your inbox three times a week Today’s top stories For up-to-the-minute news updates, visit our live blog Good evening. The US shopping binge that is Black Friday got under way today with a slight sense of apprehension from retailers that “cost fatigue” — the perception that everything is still more expensive than before the pandemic — might dampen the traditional…

The man named to lead Argentina’s central bank by libertarian president-elect Javier Milei has turned down the job over policy differences, amid signs that the South American nation’s maverick next leader is backing away from his flagship policy of dollarising the sickly economy. Emilio Ocampo, an economic history professor and former investment banker, was the leading advocate within Milei’s team of dumping the Argentine peso in favour of the US dollar. The author of a recent paper advocating dollarisation, he…

This article is an on-site version of our Europe Express newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday and Saturday morning Good morning. A Financial Times analysis has found that Turkey’s exports of microchips and other critical goods for Russia’s war machine have soared this year, disrupting EU efforts to curb Moscow’s ability to arm its military. Today, I’ve got an overview of the latest faultlines in the fraught debate on the EU…

The current UK parliament is on track to be the worst on record for household income growth, according to a think-tank analysis that lays bare the parlous state of living standards underlying this week’s Autumn Statement.  Real household disposable income per head is projected to fall by 3.1 per cent between December 2019 and January 2025, the Resolution Foundation said on Thursday, leaving households on average £1,900 poorer at the end of the period.  The deterioration reflects the corrosive impact…

This article is an on-site version of our Britain after Brexit newsletter. Sign up here to get the newsletter sent straight to your inbox every week Good afternoon. It was the Autumn Statement in Brexitland this week, and as usual the headlines were consumed by a battle for political narrative around personal taxation and what it all means for the voters’ pocketbooks.  But there was big actual news for business and not just the permanent extension of ‘full expensing’ of…

The writer is director of policy, research and impact at the Trussell Trust, a charity that supports food banks and campaigns to end the need for them across the UK In delivering yesterday’s Autumn Statement, the UK’s chancellor faced two very different and potentially opposing challenges. The most pressing, politically, was to calm the party’s base, mollify the Conservative politicians feeling bruised by the cabinet reshuffle and prove that he and the prime minister were sincere in their commitment to…