Larry Summers

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Nice day for a newsworthy swim: Sky Pool, a watery bridge between two residential buildings in Nine Elms, south London. Photograph: Aaron Chown/PA

Image of the week: Pool view Hypnotic media footage of swimmers in the Sky Pool, a fully transparent 25m-long box that stretches between the 10th sto(...)

Former US treasury secretary Larry Summers.

Former US treasury secretary Larry Summers said there has been “an excessive attraction” by US multinational companies to locate in Ireland to avail o(...)

It is important to recognise that current borrowing rates are extraordinary low and relying on them continuing would be unwise.

Is inflation coming back? And with it the prospect, in time, of higher interest rates? Tánaiste Leo Varadkar raised the possibility in an interview wi(...)

Joe Biden’s $1.9 trillion stimulus plan is a vital support, or risks setting off inflation and eventually higher interest rates. Photograph: Getty

In the midst of a pandemic it may seem a ridiculous question. But financial markets are starting to ask whether, as we emerge from the pandemic, infla(...)

US president Joe Biden is taking to heart the advice of his new treasury secretary, Janet Yellen, “to go large”. Photograph: Jim Lo Scalzo/EPA/Bloomberg

A remarkable and radical economic experiment is about to be conducted in the US. Almost unnoticed on this side of the Atlantic, Joe Biden is winding(...)

The vital factor which has allowed countries to spend, without worrying about immediate problems on the markets, is rock bottom interest rates combined with massive Central Bank support. Photograph: iStock

Interest rates at, or below, zero and massive monetary expansion by central banks is helping the Republic and other countries to meet the cost of the (...)

President Joe Biden: ‘If  we make these investments now with interest rates at historic lows, it will generate more growth, higher incomes, a stronger economy.’ Photograph: AP

US president Joe Biden made the case for his $1.9 trillion Covid-19 relief package on Friday, amid criticism from Republicans and some economists that(...)

Minister for Finance Paschal Donohoe said the European Commission had done “a very good job in very challenging circumstances” to secure as much Covid-19 vaccine as possible for EU member states. File photograph: Crispin Rodwell

Ireland was better able to get the quantities of Covid-19 vaccine doses needed for its population through the European Commission than if it negotiat(...)

Minister for Finance Paschal Donohoe: ‘The people who have been affected by this crisis across Europe, and not just in Ireland, have been particularly younger workers.’ Photograph: Dara Mac Dónaill

EU governments can expect to borrow heavily for at least another 12 months, Minister for Finance Paschal Donohoe has said ahead of a meeting today of (...)

Donald Trump’a  Oval Office address last Wednesday really spooked investors. Photograph: Doug Mills/Pool via Reuters

Donald Trump is finally learning how reckless it is to tie your political fortunes to stock markets. Trump has long claimed the credit for market gain(...)

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