Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. UK government borrowing fell in June as the economy continued to recover from the shock of the pandemic…. but the interest payments on the national debt were pushed up by rising inflation. Figures released by the...Read More
Your leader “Lego gives a lesson in corporate innovation” (FT View, July 3) failed to mention that prior to the plastic brick, Lego’s toys were entirely wood-based, which is a far more sustainable material. The shift to using recycled plastic, while certainly a technical challenge, is hardly innovative; neither are plant-based plastics, which have been...Read More
Gold prices moved lower on Tuesday experiencing whipsaw price action. The dollar continued to rally as the move into the greenback seems to be a flight to safe-haven assets. Since gold prices are quoted in U.S. dollars, the rallying greenback is weighing on gold prices. The rally in the dollar comes despite mixed U.S. yields....Read More
Tuesday, July 20, 2021 View Larger + PHOTO: File On Monday, the markets plummeted on fears of the impact of the Delta variant and the potential implementation of restrictions. The Dow Jones Industrial fell more than 700 points — it was the biggest one-day fall since October, 2020. Rhode Island companies were not spared....Read More
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 morning Boris Johnson marked England’s so-called Freedom Day by announcing emergency plans to exempt crucial workers from self-isolation rules that are causing economic and social disruption. The prime minister’s decision to...Read More
The FTSE 100 index had risen by 25% in a straight line, more or less, since the arrival of vaccines last November, so a wobble, you could speculate, was overdue. The fact that a 2.3% fall arrived on so-called “freedom day” was accidental because the UK stock market was reflecting international worries about the spread...Read More
RIO DE JANEIRO, BRAZIL – The dollar started the week in a firm rise against the real, amid the aversion to risk in international markets generated by the spread of cases of the Delta variant, which threatens the recovery of the global economy. The future interest rates, in turn, register slight movements and are around...Read More
The U.S. economy’s recovery might have already hit its peak for the time being. A new Wall Street Journal (WSJ) report finds that the widespread reopening of businesses, more vaccinations becoming available over time and more government-fueled pandemic aid had helped things reach a high point in the spring. But from here on out, economists...Read More
Formative experiences in life are … formative. Our parents shape our future for good and ill, affecting everything from our relationships to the jobs we do. But our prospects are also shaped by our formative economic experiences. The young have been hardest hit by this pandemic-induced downturn, following the general pattern of previous recessions. Resolution...Read More
Image Source | Getty Images There’s some good news for those looking to get married on a budget: City and town halls are back in the nuptials business. Wedding bells will be ringing again, for example, at the New York City Marriage Bureau. Mayor Bill de Blasio announced Thursday that the city will again book...Read More
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