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Why the US dollar hit a four-year low and could fall further
“In my opinion, what markets are reacting to is just sort of the haphazard nature of policy in this administration – the escalation, de-escalation,” said Robin Brooks, senior fellow at the Brookings Institution and former FX strategist at Goldman Sachs, pointing to similarities between the backlash over tariffs and Greenland.
Pubs to get support package after business rates backlash
Pubs and music venues in England will be given a 15% discount on their business rates bills from April and will not see increases for two years, the government announced. Treasury Minister Dan Tomlinson said the three-year package was worth £1,650 for the average pub. It comes after a backlash against November’s Budget, which left…
JLR factory production lines resuming hailed as ‘significant moment’
Range Rover production lines in Solihull have resumed, according to car maker Jaguar Land Rover (JLR). About 1,000 employees also started work in the car maker’s Wolverhampton engine plant on Wednesday, it said, marking a “significant moment” on its journey back to full vehicle production. The company revealed on Monday it had suffered a sharp…
What was the 1970s oil crisis, and are we heading for something worse?
Alicia Garcia Herrero, chief economist for Asia Pacific at Natixis CIB, said while 1970s oil shocks sent prices sky high, they only cut global supply by 5-7%. In contrast, the current crisis affects 20% of the world’s supplies, “dwarfing the 1970s shock”, she said.
