Global Economy

US infections jump by more than 60,000 for first time ever Peter Wells in New York The US reported a daily increase of more than 60,000 coronavirus cases for the first time on Wednesday, vaulting the number of confirmed cases nationwide over 3m. A further 62,197 people in the US …

FT subscribers can click here to receive FirstFT every day by email. Huawei has said it will be “months” before it can provide customers such as BT and Vodafone with full reassurance over the impact of the US sanctions at the heart of an imminent UK government decision that is …

Kenya’s Amina Mohamed has emerged as a last-minute candidate to become the next director-general of the World Trade Organization (WTO), as nominations closed on Wednesday with two African women among the leading contenders. Britain’s Liam Fox and Saudi Arabia’s Mohammad Maziad Al-Tuwaijri were also late entrants into the contest, which …

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Angela Merkel has urged her fellow EU leaders to make compromises to secure a swift deal on a recovery fund designed to help the bloc overcome the economic damage inflicted by the coronavirus pandemic, as countries clash over the conditions attached to receiving the aid.  Germany’s chancellor, who holds the …

Boohoo commissioned an independent review of its UK supply chain as it takes action to stem growing concerns from investors and customers about the treatment of workers who make its clothes. The investigation will examine Boohoo suppliers’ compliance with regulations on wages and working practices during the pandemic and will …

When Christine Lagarde replaced Mario Draghi as president of the European Central Bank in November, many economists assumed her Italian predecessor had exhausted most of its monetary policy toolkit to keep the eurozone economy afloat. As the first ECB president with no prior economics training or monetary policy experience, Ms …

FT premium subscribers can click here to receive Trade Secrets by email. Hello from Washington, where Mexican president Andrés Manuel López Obrador is visiting to celebrate the US-Mexico-Canada Agreement — or as the Canadian government likes to call it, “the new Nafta” — coming into force. Canadian prime minister Justin …

The US is imposing visa restrictions on Chinese officials involved in Tibet policy, in the latest rise in tension with Beijing as the Trump administration increasingly uses immigration measures as a tool to target China. Mike Pompeo, secretary of state, said the US was introducing another set of visa restrictions …

Chinese consumers face a fresh increase in meat prices and an uptick in food price inflation after Beijing suspended imports from a swath of overseas processing plants because of concerns that Covid-19 outbreaks in the plants risked importing the virus back into the country. The country’s customs officials have also …