How can the EU best reduce its reliance on China in trade and supply?
'Every high-risk sector must be weaned off single-supplier dependence'
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'Every high-risk sector must be weaned off single-supplier dependence'
Global investors are rapidly losing confidence in Indonesia as the nation’s stocks tumble at the fastest pace worldwide and its currency sinks to all-time lows
Nigeria plans to refinance high-cost debt and raise funds to to help plug its budget deficit, leveraging strong investor confidence amid elevated oil prices fueled by the US-Iran conflict. Finance Minister Taiwo Oyedele spoke to Bloomberg's Jennifer Zabasajja in London. (Source: Bloomberg)
The president's trade adviser also recommended a 12.5 percent duty for dozens of other countries. The tariff rates are not yet final
'Washington is desperately searching for new legal grounds to sustain its tariff policy'
The US president has faced intense political pressure to end the war on Iran, which is even unpopular with much of his base, as it has increased fuel costs for American consumers at the pump and unnerved US allies
Amol puts your questions, queries, and concerns about AI to Matt Clifford, co-founder of Entrepreneurs First and former AI adviser to Number 10. Matt is a strong advocate for Britain’s rapid uptake of AI to boost the economy, but what are the risks? We asked him about capitalism, tech stifling creativity, universal basic income, how the UK government deals with the speed of AI development, and what the impact on inequality might be. GET IN TOUCH WhatsApp: 0330 123 9480 Email: radical@bbc.co.uk Episodes of Radical with Amol Rajan are released every Monday and Thursday. Amol Rajan presents the Today programme on BBC Radio 4. He also hosts University Challenge on BBC One. Before that, Amol was media editor at the BBC and editor of The Independent newspaper. Radical with Amol Rajan is a Today Podcast. It was made by Rufus Gray and Oscar Pearson. Technical production was by Ricardo McCarthy. The Senior News Editor is Sam Bonham
Jerome Powell says the US central bank is undergoing a 'stress test' like other institutions in the current era
The monthly trade deficit and imports rebounded in November after shrinking significantly in prior months, new data show
In his first public remarks since the conclusion of his time as Federal Reserve chair, Jerome Powell has issued a blunt warning that the central bank is undergoing a "stress test" and its credibility is on the line. The big picture: While Powell's remarks Sunday evening, in accepting the John F. Kennedy "Profiles in Courage" award, do not mention the Trump administration's attempts to undermine Fed independence specifically, the meaning of his words is plain. Those include a criminal investigation of the Fed's over-budget building renovation and the attempted firing of governor Lisa Cook.Powell framed attempts to weaken the Fed's independence from politics as endangering an institution that is crucial in sustaining American greatness. State of play: Powell's term as Fed chair ended May 15, but he is remaining in place indefinitely as one of seven Fed governors pending resolution of the president's threats to Fed independence, denying President Trump a vacancy on the powerful board. He has said he will keep a low profile in his new role as an ex-chairman serving the Fed board, a situation not seen in 75 years. What they're saying: "Like many other institutions, the Fed has been undergoing a stress test," Powell said, according to a prepared text to be delivered at the John F. Kennedy Presidential Library and Museum in Boston. "Congress wisely chose to insulate monetary policy decisions from political pressure," Powell said. "These protections have served the public well, and administrations from both parties have respected them.""If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well. The public would lose faith that the central bank will make decisions based only on what's best for all Americans.""The Fed's credibility would be lost. That credibility enables the Fed to support a strong and stable economy for the benefit of American families and businesses. Our credibility has been built and s