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What China’s new export rules mean for TikTok’s US sale

Last week Chinese regulators cast doubt over ByteDance’s planned sale of the US operations of its short-video subsidiary TikTok, by expanding the country’s list of controlled exports to include the algorithms that power the viral video app. Unlike the US, China has a small and very rarely used set of …

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Best baby stroller for 2020

New mums will know that life can get very busy with a little one, and you’ll need to be able to take your mini with you on your daily errands or social calls in a practical and stylish baby stroller. The best baby stroller for you will depend on what …

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Rich should worry more about the health of the poor

During the Covid-19 pandemic, we’ve seen a familiar pattern. A major disease quickly becomes something that, by and large, inconveniences the rich and kills the poor. Those with lower incomes are more likely to catch coronavirus (because of factors such as crowded accommodation) and more likely to die (due to …

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Today’s ultra-low interest rates are anything but ‘natural’

It is impossible to miss that central banks have cut interest rates at an unprecedented pace. A common view is that economic and demographic factors are forcing central bankers to move in this direction. This is a misunderstanding. Policymakers should not be let off the hook that easily. Average interest …

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Europe risks another false dawn after coronavirus

Ten years ago, European leaders judged that the economic recovery from global financial crisis was secured, and shifted from stimulus to fiscal and monetary tightening. The result was a second downturn and, in the eurozone, a near-existential sovereign debt crisis. We should keep this vivid memory in mind today so …

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Time to end handouts for heirs

Blaming immigrants is so 2016. Now society’s favourite scapegoats are rich people. More in Common, an NGO that combats polarisation, has polled people in six European countries about the social impact of Covid-19. Which of 17 groups emerged from the pandemic deserving praise? “Medical staff” came first, “wealthy people” last. …

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Q&A: How will coronavirus affect inequality in the years to come?

The coronavirus pandemic has pulled back the curtain on a number of deep-rooted economic and social conflicts, among them wage inequality.  Although Covid-19 threatens the health of billionaires and low-income workers alike, the latter are at a substantially higher risk of contracting the disease at work. Outside of symbolic actions …

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China’s support for US dollar can no longer be relied upon

When things cannot go on forever, they stop. And so it is with China’s support of the US dollar. Foreigners sold more than $500bn of US government bonds during the second quarter, and perhaps one-third of that was unloaded by Chinese entities. The trend is worth watching. Ever since 2001, when China was …

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European stocks lifted by signs of fledgling economic recovery

European stocks rose after a key survey pointed to early signs that a recovery is taking hold in the region’s crisis-hit economy. The benchmark Stoxx Europe 600 extended early gains to rise 1 per cent in morning trading on Tuesday, while the UK’s FTSE 100 rose 0.7 per cent.  France …

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