If global markets are unsettled, they have good reason to be so

Last week’s upheavals in bond values were an all-too-rational response to a cocktail of economic troublesEvery year the Federal Reserve Bank of Kansas City hosts a symposium in the Grand Teton resort of Jackson Hole. Some years, guests have little to d…

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Euro hits two-year low after ECB signals future stimulus – business live

Rolling coverage of the latest economic and financial news as Mario Draghi prepares central bank for interest rate cutsNissan to axe 12,500 jobs worldwide but Sunderland appears safeUK railways in chaos as searing heat sparks fear of derailed trainsUS …

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Germany ‘recession risk’ as manufacturing hits seven-year low – business live

Drop in exports prompts factory contraction in Eurozone’s largest economyDeutsche Bank posts €3.1bn loss driven by job cut costsAston Martin shares plunge by a fifth after sales warningFears for Sunderland workers as Nissan plans to shed 10,000 jobs wo…

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London house prices suffer biggest slump since 2009, as pound keeps dropping – business live

Rolling coverage of the latest economic and financial news, as UK housing market keeps slowing and the pound hits fresh lowsBreaking: London house prices fell 4.4% in MayBiggest decline in a decadeUK house price growth slows to 1.2%Introduction: Pound …

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Christine Lagarde will have to confront Berlin if she’s to save the euro | Yanis Varoufakis

The incoming European Central Bank chief must call for an end to the eurozone’s suicidal fiscal rules, which have now run out of roadChristine Lagarde was a key member of the infamous troika – Greece’s official creditors – who crushed our people’s resi…

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Share prices rally at Lagarde’s nomination as ECB president

Move reinforces expectations of fresh stimulus package for ailing eurozone economyThe prospect of a fresh stimulus package to support the ailing eurozone economy when Christine Lagarde takes up the reins as boss of the currency bloc’s central bank sent…

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