Rolling coverage of the latest economic and financial news
Wall Street ended last week with a tumble, after Federal Reserve chair Jerome Powell said it was ‘absolutely essential,’ to tame inflation, and that the Fed could lift interest rates by 50 basis points in May.The CBI’s latest industrial trends report will highlight the pressures on UK factories from rising costs, while the IFO institute will update us on Germany’s business confidence.
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FTSE 100 Live: China lockdown fears hit shares, oil price fallsHeavy stock market selling continued today as fears intensified over the economic impact of China’s zero Covid policy.
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China says imports are causing outbreaks of covid-19Some goods come with a QR code that a Chinese buyer can scan in order to check its covid test results
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A surprise sacking at China Merchants Bank frightens investorsOne of the world’s largest banks sheds tens of billions of dollars in market value
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Could the West punish China the way it has punished Russia?If ever it were threatened with sanctions, China’s biggest source of leverage would be its own vast market
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Peng Ming-min fought for the idea of “one China and one Formosa”When he returned from the second world war he found Taiwan not so much liberated as under a reign of terror
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