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Global Economy

South Korea and Japan: will tensions flare?

FT premium subscribers can click here to receive Trade Secrets by email. Hello from Seoul where, like in many big Asian cities, anxiety is rising over the spread of the deadly coronavirus from China. Across the region officials are tightening borders and expanding quarantines as both the death toll in …

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Brexit: why fishing threatens to derail EU-UK talks 

Bruno Margollé and his ancestors have fished for sole and cod in the English Channel since the 18th century, and like other EU fishermen who work in Britain’s waters today, he regards Brexit with trepidation. Based in Boulogne-sur-Mer near the narrowest point of the Channel with his 24m fishing boat, Mr Margollé says …

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FirstFT: Today’s top stories 

FT subscribers can click here to receive FirstFT every day by email. Global equity markets and oil prices fell sharply on Monday as the fast-spreading coronavirus hit sectors from travel to manufacturing amid warnings that the disease would hit China’s economic growth.  The S&P 500 index ended the day 1.6 per lower in …

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US wants chlorinated chicken on EU trade menu

The US will push hard to include politically sensitive subjects such as chemical-washed chicken in a mooted transatlantic trade deal with the EU, President Donald Trump’s secretary of agriculture has insisted. Sonny Perdue said Brussels should accept food production methods banned in Europe to secure the deal recently promised by …

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UK mortgage approvals at highest level in three years

New mortgage approvals by Britain’s high-street banks jumped to their highest number since 2015 in December, thanks to record-low interest rates. Banks approved 46,800 mortgages during the month, up 6.3 per cent from November, and 19.6 per cent higher than in December 2018, according to UK Finance, an industry body that tracks …

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German business confidence falls, hitting rebound hopes

German business confidence unexpectedly dropped in January, cooling hopes that the downturn in the export-led manufacturing sector was on track to stabilise. The Ifo Institute, a Munich-based think-tank, said its measure showing sentiment among the 9,000 German companies it surveys every month had declined to 95.9 in January, from 96.3 …

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