The Guardian: Economics

US stocks surge after US-China trade war truce

US stocks surge after US-China trade war truce

Markets rose after US said it reached an agreement with China to ease trade imbalances between the world’s two largest economiesUS stocks surged on Monday after the treasury secretary, Steve Mnuchin,
Cryptocurrencies have a mysterious allure – but are they just a fad? | Robert Shiller

Cryptocurrencies have a mysterious allure – but are they just a fad? | Robert Shiller

Attempts to reinvent money such as bitcoin often create excitement, but achieve littleThe cryptocurrency revolution, which started with bitcoin in 2009, claims to be inventing new kinds of money.
FTSE 100 at record high after trade war truce, but pound hits 2018 low - business live

FTSE 100 at record high after trade war truce, but pound hits 2018 low - business live

UK stock market hits new peak after US Treasury secretary Mnuchin says the trade war with China is ‘on hold’Latest: FTSE 100 has jumped through 7,800 pointsBut the pound has hit a near six-month
US and China put trade war 'on hold'

US and China put trade war 'on hold'

Steven Mnuchin, US Treasury secretary, says negotiations over tariffs with China have borne fruitAmerica has pulled back from launching a trade war with China that could have destabilised the global
Oil price keeps rising – will it come back to earth with a bump?

Oil price keeps rising – will it come back to earth with a bump?

Changes in supply and demand mean that current highs will be corrected next yearThe big story in the financial markets in 2018 has been the sharp rise in oil prices, which last week hit $80 a barrel
It’s said Brexit is ‘not going to plan’. Did we ever have a plan? | William Keegan

It’s said Brexit is ‘not going to plan’. Did we ever have a plan? | William Keegan

The chaotic negotiations both within the Tory party and without means we need to consider an alternative: not leavingYour correspondent is not as well up on social media as his wife and children, but
Should Africa let Silicon Valley in?

Should Africa let Silicon Valley in?

Some believe that big tech offers developing economies a global platform. But others say ceding control of data and markets to the west could cripple societiesAfrican countries should be nervous about
Boris Johnson to lay Falklands wreath in Argentina

Boris Johnson to lay Falklands wreath in Argentina

Foreign secretary’s Latin America trip will also include stops in Peru and ChileBoris Johnson will lay a wreath to commemorate the Falklands conflict in Argentina this weekend as part of a five-day
Argentina forced to seek IMF aid over fears for economy

Argentina forced to seek IMF aid over fears for economy

Country pursues deal after President Mauricio Macri fails to stem run on the peso Argentina’s struggle this week to prevent a collapse in its currency and soaring interest rates from destabilising its
Will putting a price on nature devalue its worth? | Letters

Will putting a price on nature devalue its worth? | Letters

Readers respond for and against George Monbiot, including Tony Juniper of WWFThe natural world is an incredible wonder that inspires us all, but despite our love of wildlife and wild places, there is
What are the factors driving up the price of crude oil?

What are the factors driving up the price of crude oil?

Donald Trump, geopolitics and more make an impact, posing a challenge for central banksThe price of oil has hit its highest level since November 2014, reaching $80 per barrel, as geopolitical fears
The Guardian view on the Bank of England: keep the menopause out of economic theory | Editorial

The Guardian view on the Bank of England: keep the menopause out of economic theory | Editorial

Let’s talk about the economy without repeating misogynist mythsThe economy, according to a newspaper headline, is “at a menopausal moment”. The deputy governor of the Bank of England, former Goldman
Jeremy Corbyn mocks Theresa May over Brexit divisions in cabinet

Jeremy Corbyn mocks Theresa May over Brexit divisions in cabinet

Labour leader presses PM at question time for details of plan for customs deal with EUJeremy Corbyn has accused the government of being “in complete disarray” over its Brexit negotiations, using prime
TUC, CBI and MPs blast Bank of England over 'menopausal' economy comments - as it happened

TUC, CBI and MPs blast Bank of England over 'menopausal' economy comments - as it happened

Deputy BoE governor criticised after saying Britain’s economy is in a “menopausal” phase after passing its productive peak.Latest: Broadbent apologisesCritics: It’s disappointing, lazy and sexist BoE
UK record employment increases likelihood of interest rate hike

UK record employment increases likelihood of interest rate hike

Regular pay is up by 2.9% on a year ago, which could make an August interest rate rise more likelyThe prospect of an August increase in interest rates from the Bank of England has loomed larger after
UK bookies beware: US will look after its own in betting revolution

UK bookies beware: US will look after its own in betting revolution

Legalisation of sports betting in US should be greeted with caution by UK operatorsThe estimate that $150bn-worth (£110bn) of sports bets are placed illegally in the US every year may be exaggerated
Why a rising dollar risks unbalancing the world outside the US | Mohamed El-Erian

Why a rising dollar risks unbalancing the world outside the US | Mohamed El-Erian

The sharp shift in exchange rates destabilises emerging economies and threatens trade talksArgentinian president Mauricio Macri’s government has asked the International Monetary Fund for a loan that
When society’s safety net is shredded, the predators move in | Phil McDuff

When society’s safety net is shredded, the predators move in | Phil McDuff

In place of the ‘big society’ we were so fatuously promised, we have growing numbers of loan sharks and slumlordsIt may be hard to believe, in the midst of a benefit sanctions regime that sees one in
Shoppers desert UK high streets, putting more jobs at risk

Shoppers desert UK high streets, putting more jobs at risk

Decline bigger than same period in recession-hit 2009 and one in 10 town centre shops lie emptyShoppers are deserting the high street in greater numbers than during the depths of the recession in
A simple solution to the MoD’s budget shortfall | Letters

A simple solution to the MoD’s budget shortfall | Letters

Harriet Lamb writes in favour of peacebuilding as a saver of money and livesYour report (11 May) about the MoD’s £21bn budget shortfall is yet another reminder that the UK desperately needs “lower