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And the Financial Times reports on the decision by the European Central Bank to raise interest rates by 0.25% to 3.25%. The paper says the president of the Bank, Christine Lagarde, has signalled the rate rise will not be the last such move this year, though adds that “with price pressures down from their peak and a credit crunch looming, many economists think the rate-tightening cycle is nearing its end”.

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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