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The Financial Times reports that consumer prices in the US grew faster than expected in June. It says price jumps have “so far been most significant in sectors directly affected by the Covid-19 pandemic”, referring to soaring prices of air fares and used cars. The paper says the increase in June has challenged the Federal Reserve’s view that high inflation would be temporary.

Financial Times Front Page 29th of November 2024

Net immigration to Britain has reached a record high over the past 12 months, driven by an increase in arrivals from non-EU countries and subsequent adjustments to post-Brexit policies, prompting discussions on the UK government’s handling of immigration and border control.

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Financial Times Front Page 27th of November 2024

Amid rising concerns of an economic conflict, Mexico, Canada, and China have warned of potential damage following Trump’s announcement of punitive tariffs, which he argues are necessary for protecting US interests, drawing criticism from international trade partners who describe the move as irresponsible and foresee increased costs in sectors like petrol.

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