Despite letting its economy run unimpeded, Sweden still suffered business-destroying, prosperity-diminishing damage and at nearly the same magnitude of its neighbours. File photograph: Getty Images

Ever since the coronavirus emerged in Europe, Sweden has captured international attention by conducting an unorthodox, open-air experiment. It has all(...)

Popular resistance to a repetition of the public spending cuts that came after the financial crisis will be intense. Photograph: Nick Bradshaw

The pandemic has been likened to a war, though one against a disease, not other humans. Like a war, it is reshaping economies and demanding huge incre(...)

Federal Reserve chairman Jerome Powell on Wednesday outlined a more-troubling economic scenario posed by the possibility of mass bankruptcies and unemployment. Photograph: Getty Images

The number of Americans seeking unemployment benefits remained in the millions for an eighth straight week as the economy continued to reel from the c(...)

‘Free money – it’s sort of an insane concept.’ Above, Alice in Wonderland

Making an investment that is guaranteed to lose money sounds like something that would cost you your job. But in bond markets, it has become a fact of(...)

Christine Lagarde and Mario Draghi. They both agree central banks should step in if inflation is weak. Photograph: Getty Images

Christine Lagarde is the surprise nominee to be the next president of the European Central Bank, the body that sets monetary policy for one-fifth of t(...)

US allies  should not support American attempts to thwart China’s rise. Photograph: EPA

Where does deepening economic conflict between the US and China leave the rest of the world, especially historic allies of the US? In normal circumsta(...)

  Paschal Donohoe  with Christine Lagarde: the Minister is in Washington for meetings with senior officials from the Trump administration and   the IMF. Photograph: Marty Katz/ washingtonphotographer.com

There is no scope to reopen Britain’s withdrawal agreement with the European Union, Minister for Finance Paschal Donohoe has said. In a speech to the(...)

There is no scope to reopen Britain’s withdrawal agreement with the European Union, Minister for Finance Paschal Donohoe has said.

There is no scope to reopen Britain’s withdrawal agreement with the European Union, Minister for Finance Paschal Donohoe has said. In a speech to th(...)

US President Donald Trump criticised Theresa May for the way she handled Brexit negotiations saying “she didn’t listen to me” . Photograph: Marlene Awaad/Bloomberg

US president Donald Trump has begun his first official visit to Britain with an undiplomatic barrage against prime minister Theresa May, saying her Br(...)

US commerce secretary Wilbur Ross is preparing to lead a delegation to Beijing this week. Photograph: Andrew Harrer/Bloomberg

The Trump administration said it would proceed with tariffs on $50 billion in Chinese imports and broader investment restrictions, rebooting a trade w(...)

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