Stock market Santa rally underway; South Korean won hits two-year low as martial law declared – as it happened Rolling coverage of the latest economic and financial news
China’s share of global electric car market rises to 76% Market share increases after strong demand within country offsets risks from western tariffs on Chinese-made EVs
What’s at stake with a second Trump presidency – in charts and maps Conflicts around the globe and domestic policies on immigration and vaccinations are likely to face upheaval
British food exports to EU ‘have fallen £3bn a year since Brexit’ Centre for Inclusive Trade Policy report finds trade flows have shown no signs of returning to previous levels
ONS inability to fix labour force survey until 2027 ‘a major blow’, MPs hear Treasury and Bank of England ‘is making bad decisions’ amid complaints about quality of official employment data
George Osborne is a walking ad for a wealth tax. Labour should target the inheritocracy ‘Tax wealth, not work’ would be a powerful message for Starmer and Reeves – are they bold enough to pursue it, asks Guardian columnist Polly Toynbee
Eurozone manufacturing recession deepens; Stellantis shares fall after CEO’s resignation – as it happened Germany, France, and Italy led slump in European factory output last month – while UK is also weakening
Eurozone manufacturers see ‘no sign of recovery’ as UK orders slow France, Germany and Austria are especially hard hit, as British factory owners cut jobs and investment
UK business confidence at lowest level since pandemic after tax-raising budget Institute of Directors says hit to private sector will undermine growth and public finances
We need to talk about capitalism. Why won’t Labour do it? The government has its five missions. But the deeper cause of Britain’s malaise is the unhealthy and unhappy nature of the modern eceonomy
Global trade tensions and cyber attacks ‘threaten UK economy’; UK Black Friday spending ‘up 12%’ – as it happened Bank of England says global risks remain high, and the outlook has become more uncertain and riskier
Black Friday online sales in UK rise by 12% but shops still feel the pinch Embattled retailers raise hopes of festive spending spree as sales event coincides with payday
Why has France’s austerity budget caused a political storm? Country is at risk of fresh turmoil with its government on the brink amid soaring sovereign borrowing costs
What are tariffs and how do they work – explained in 30 seconds Fodder for protectionism, protracted trade wars, and the ‘most beautiful word’ in Donald Trump’s vocabulary – how do tariffs actually work?
French sovereign borrowing costs rise to highest premium in 12 years Government faces risk of collapse over planned austerity budget