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ECONOMY
Food producers take up record volumes of UK warehouse space
Food producers are taking up record volumes of warehouse space in the UK, as the industry looks to prevent shortages such as those of fruit and vegetables that left supermarket shelves bare earlier this year. Although their…
UK government expected to offer energy companies windfall tax relief
Britain’s oil and gas companies are next week expected to be offered the prospect of windfall tax relief, as prime minister Rishi Sunak looks to boost investment and improve the country’s energy security.Ministers have been…
Fed officials double down on rate rise decision citing high inflation
Federal Reserve officials on Friday defended their decision to press ahead with their monetary tightening campaign this week despite ongoing stress across the US banking sector, citing continued concerns about elevated…
UK consumer confidence improves despite dip in personal finance outlook
UK consumer confidence improved in March on the back of better economic forecasts, but people’s outlook on their own finances worsened, according to data published on Friday. Research group GfK said its index of consumer…
UK parliament bans TikTok from devices
UK parliament bans TikTok from devices
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US businesses shy about attendance at China’s Davos
Spy balloons over the American Midwest, warnings from Beijing of a clash if Washington “doesn’t hit the brakes” and intense congressional scrutiny of investment in China — there could hardly be a less auspicious time for US business to…
Federal Reserve set for pivotal decision on interest rates amid bank turmoil
The US Federal Reserve is on Wednesday set to make a pivotal decision on whether to press ahead with its monetary tightening campaign or pause interest rate rises in the face of the worst banking turmoil since the 2008 financial…
Sri Lanka’s president calls on China and other creditors to compromise
Sri Lanka’s president has called on China and its other creditors to quickly reach a compromise on its debt restructuring or risk creating more economic peril.In his first interview since the IMF approved a $3bn, four-year lending…
Credit crisis surges to top of investors’ list of worries
The threat of a credit crisis that creates damaging shockwaves across the global financial system has overtaken inflation as investors’ biggest worry in the wake of a spate of US bank collapses.Almost a third of fund managers…
FirstFT: Xi-Putin’s ties on display at the Kremlin
Good morning. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every weekday morningGood morning. Today we start with…