Danish parliament votes on law to process asylum seekers outside Europe

Denmark is likely to become the first EU country to process asylum seekers outside Europe, in a government proposal that has drawn anger from human rights advocates. The country’s parliament…

‘Kind of crazy’: how the booming US used car market is driving inflation

Last month it took Carey Cherner, a 36-year-old used car dealer in Kensington, Maryland, less than 12 hours to sell a 2001 Ford F-150 pick-up truck with 184,000 miles on…

‘Draghi put’ holds Italy’s bond markets in thrall

In his eight years as president of the European Central Bank, Mario Draghi developed an almost legendary ability to rein in borrowing costs for eurozone governments. Investors appear to be…

Persistence of Donald Trump’s China tariffs frustrates US business

US businesses expecting a fresh approach to international trade policy after four combative years under Donald Trump have a question for the Biden administration: what will become of his tariffs…

Beijing quashes annual Hong Kong rally to mark Tiananmen massacre

The Chinese Communist party is poised to extinguish the last public event on Beijing-controlled territory commemorating the Tiananmen Square massacre — a goal that has eluded it for more than…

Spac promoter Palihapitiya seeks $800m to target biotech companies

Chamath Palihapitiya, one of the figures most associated with the craze for blank-cheque companies, is planning to raise $800m for four cash shells that will target biotechnology businesses, injecting a…

Federal Reserve to unwind its emergency purchases of US corporate bonds

The Federal Reserve said that it would start selling the corporate bonds and fixed income funds that it bought to stabilise the financial system last year, unwinding unprecedented emergency measures…

Sri Lanka faces ecological disaster as burning container ship starts to sink

A chemical-laden container ship that has been on fire for almost two weeks has started to sink off the coast of Sri Lanka, sparking fears of a serious environmental disaster.…

Dropbox attracts activist interest from Elliott as shares languish

Elliott Management has amassed a more than 10 per cent stake in Dropbox, making the activist hedge fund the largest institutional shareholder in the cloud storage group. The New York-based…

US wields $2bn tariff threat against 6 nations over digital taxes

The US has threatened to slap tariffs on $2bn worth of goods from the UK and five other countries as they argue about how to tax tech companies, a move…