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Western governments put on a show of unity this week as they confront Russia. But leaders face growing pressure back home
Plus, Eurozone inflation hits record, Xi asserts himself in Hong Kong, Covid infections surge in Britain
We may not be living a rerun of the 1970s but the path ahead is not rosy
Inflationary pressures fuelled by fall in lira mean president’s move will do little to support households, analysts say
Sharp acceleration of food and energy prices intensifies ECB debate over speed of planned interest rate rises
World’s most important industrial metal had struck a record high above $10,600 earlier this year
House price growth expected to slow as buyers’ incomes are hit by higher interest and jump in cost of living
Plus, Hong Kong’s new chief executive sworn in and how to avoid a privacy apocalypse
And consumption slows
The impact of higher energy and food prices are muted by distance and economic dynamism
Dollar’s dominance could gradually decline as a result of geopolitical flare-ups, UBS survey shows
Bank offers increase to 35,000 branch and junior employees
Accord is the first Brussels has struck in three years after resistance among members to reducing barriers
Surging energy costs and a tight labour market are underpinning big price rises in Britain
Finance minister Bruno Le Maire pushes for EU workaround to approve minimum tax rate for big companies
Kyiv’s negotiator says Moscow remains intent on furthering its war ambitions
Plus, FT investigation into Chinese hacking operations
Central bank raises rate by 50 basis points to 0.75% and signals further increases to come this year
Telecoms group embroiled in dispute with union over flat-rate £1,500 pay rise
The single currency tried monetary policy, now only fragmentation or fiscal policy remain
European shares decline and government bond markets rally
Bank of England governor says further rate rises may be needed to curb rapidly rising prices
Plus, UK imposes sanctions on Norilsk boss, China’s ‘digital handcuffs’, Russian grain smuggling
ECB, Fed and BoE heads warn of painful shift after ‘massive geopolitical shock’ of Ukraine war and pandemic
Russia’s invasion of Ukraine has raised prices for everything from energy to wheat, adding to inflationary pressures worldwide
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