February’s UK public finance data, published on Friday, showed the government borrowed £10.7bn. That’s £4.2bn more than the Office for Budget Responsibility had estimated, and the fourth highest borrowing for a February since records began in 1993 (the three others occurred during the global financial crash and covid).
A trade storm is brewing between the United States and China, threatening to shake up the global economy. US President Donald Trump has announced a new 10% tariff on Chinese imports, set to take effect on March 4. Coming shortly after earlier duties imposed this month, this latest move—linked to concerns over drug flows from North America—took both nations by surprise. China’s Ministry of Commerce responded swiftly, pledging to use “all necessary measures” to protect its interests. This back-and-forth has sparked worries of a full-blown trade war between the world’s two economic powerhouses.
A trade storm is brewing between the United States and China, threatening to shake up the global economy. US President Donald Trump has announced a new 10% tariff on Chinese imports, set to take effect on March 4. Coming shortly after earlier duties imposed this month, this latest move—linked to concerns over drug flows from North America—took both nations by surprise. China’s Ministry of Commerce responded swiftly, pledging to use “all necessary measures” to protect its interests. This back-and-forth has sparked worries of a full-blown trade war between the world’s two economic powerhouses.
A trade storm is brewing between the United States and China, threatening to shake up the global economy. US President Donald Trump has announced a new 10% tariff on Chinese imports, set to take effect on March 4. Coming shortly after earlier duties imposed this month, this latest move—linked to concerns over drug flows from North America—took both nations by surprise. China’s Ministry of Commerce responded swiftly, pledging to use “all necessary measures” to protect its interests. This back-and-forth has sparked worries of a full-blown trade war between the world’s two economic powerhouses.
The Bank of Japan (BOJ) raised its key policy rate to 0.5%, the highest since 2008, signalling a bullish view on inflation. Governor Kazuo Ueda indicated that future rate hikes depend on economic conditions. The yen strengthened by 0.8% against the dollar, and 10-year Japanese government bond yields rose to 1.225%. Japanese stocks fell slightly by 0.1%. The BOJ’s decision was influenced by stable global financial markets and the return of Donald Trump to the White House.
The Bank of Japan (BOJ) raised its key policy rate to 0.5%, the highest since 2008, signalling a bullish view on inflation. Governor Kazuo Ueda indicated that future rate hikes depend on economic conditions. The yen strengthened by 0.8% against the dollar, and 10-year Japanese government bond yields rose to 1.225%. Japanese stocks fell slightly by 0.1%. The BOJ’s decision was influenced by stable global financial markets and the return of Donald Trump to the White House.
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