Paul Volcker deserves to be remembered as most influential central banker | Larry Elliott | Business

Some would choose the Bundesbank’s Karl Otto Pöhl. The recently retired former European Central Bank president Mario Draghi would have his supporters. But the man they would have to beat for the title of the most influential central banker is Paul Volcker, the former chairman of the Federal Reserve, who has died aged 92. Volcker […]

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Record US jobs growth persisted in November with end of GM strike | Business

The US added 266,000 new jobs in November boosted by the return to work of striking auto workers. Economists had expected job growth to 187,000 in November, up from 128,000 in October and boosted by the return to work of 48,000 GM workers following a 40-day strike. Manufacturing employment rose by 54,000 in November, following […]

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German factory recession deepens; UK house prices jump – business live | Business

11.10am GMT11:10 China waives some tariffs in ‘goodwill gesture’ A US farmer harvesting soybeans. Photograph: Charlie Riedel/AP After a turbulent week, there are signs that relations between the US and China are improving. Overnight, China has decided to waive the tariffs on some imports of soybeans and pork from America. Beijing’s finance minister said the […]

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2020 looks set to be a tough year for the American trucking industry | Gene Marks | Business

It’s been a tough year for the trucking business. And the outlook for next year isn’t looking any rosier. Despite a growing economy, many truckers continued to struggle with lower than desired shipping rates and shipment levels. Tariffs took their toll, manufacturing continued to contract and the closely watched Cass Freight Index – which measures […]

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Take it from an American – the NHS is a marvel. You must vote to save it | Rob Delaney | Opinion

I won’t be voting in the coming general election. I would gallop to my polling station on a horse, or even crawl there to do so, (it’s not half a mile away), but I’m not a UK citizen, so I can’t. My family and I have lived here just over five years, and we pay […]

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Pound hits seven-month high; trade deal hopes lift markets – business | Business

“November’s PMI surveys collectively suggest that the UK economy is staggering through the final quarter of 2019, with service sector output falling back into decline after a brief period of stabilisation. “Lacklustre demand remains centred on business-to- business spending. Service providers have attributed the recent soft patch to delayed decision-making on new projects until greater […]

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Markets in tailspin amid fears US-China trade deal is in peril | Business

Global financial markets have gone into a tailspin amid mounting concern that the US and China are not going to conclude an interim trade agreement before a new set of American tariffs hit Chinese goods on 15 December. Asian markets saw heavy selling on Wednesday after Donald Trump said a trade deal could wait until […]

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Trump says China-US trade deal could wait until after 2020 election | Business

Donald Trump has warned that a trade deal with China could be more than a year away in comments that sent shares in Britain’s top 100 companies and US stock markets tumbling. Speaking at the Nato summit in London, the US president said the US was doing “very well” from the trade war and he […]

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The IFS raises a far better question on Labour’s renationalisation plans | Nils Pratley | Business

The Institute for Fiscal Studies is asking the right question about Labour’s nationalisation plans. The key issue is how well the assets would be run under public ownership. What is the party hoping to achieve that could not be done via smarter regulation? This part of the debate has been obscured by endless quarrels over […]

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Trade war: France hits back over US tariff threat on cheese and champagne – business live | Business

US President Donald J. Trump landing at London’s Stansted Airport today Photograph: Andy Rain/EPA Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. So much for the season of goodwill! Donald Trump has spooked the financial markets again, with a fresh flurry of tariffs that […]

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