Global Economy

After the most devastating year in the history of aviation, airlines are scrambling to deliver goods and presents in time for Christmas. With thousands of jets grounded in the wake of the pandemic and the collapse in passenger numbers, cargo capacity has been dramatically cut, just as an online shopping …

Boris Johnson is to make an eleventh-hour attempt to unblock post-Brexit trade talks with the EU, as UK officials admitted that weeks of intense negotiations had almost “run out of road”. The British prime minister will speak to Ursula von der Leyen, European Commission president, on Saturday to try to …

Nine months after talks began, the strain showed as Michel Barnier and David Frost entered the windowless “cave” on Friday in a final attempt to settle the post-Brexit relationship between Britain and the EU. Negotiations that began in March and were supposed to wrap up by July, then by October, …

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The fraught history of Anglo-French relations over the past few centuries — and of the UK’s difficult entry and equally difficult exit from the EU in the past few decades — suggests that the final days of Brexit negotiations were always going to end in a stand-off between Boris Johnson …

A member of the Bank of England’s Monetary Policy Committee contradicted the bank’s governor on Friday, saying that Covid-19 vaccines did not materially change the economic outlook for the UK and the BoE’s tools to support the economy were less effective than normal. The speech by Michael Saunders, one of …

France has warned that it will veto any trade deal between the EU and UK unless it meets its requirements as talks intensified in London to try to seal an agreement by the start of next week. Negotiators are racing against the clock to finalise a deal before a European …

The Reserve Bank of India left its benchmark interest rate unchanged at 4 per cent as it struggles to rein in inflation despite the sharp economic contraction this year. The RBI’s monetary policy committee held off cutting the repo rate after consumer inflation rose to a six-year high of 7.6 …

Veteran engineers and high-level executives are leaving top US chip design toolmakers for Chinese rivals as Beijing seeks to break America’s near monopoly on this key segment of the semiconductor industry. Three Chinese start-ups established since September last year were founded by or have hired executives and engineers from Synopsys …

How well did you keep up with the news this week? Take our quiz. The US Congress has passed legislation that would force Chinese companies to delist from American exchanges unless they comply with US accounting rules. The House of Representatives on Wednesday passed the bill, which could affect companies …