Share price ‘pop’ in US IPOs falls by half

Investors are no longer falling over themselves to put money into US initial public offerings, reducing the chances that a company will be able to price their shares above expectations…

Brexit shrank UK services exports by £110bn, academics find

Brexit shrank UK services exports by more than £110bn over a four-year period, new research shows, highlighting the far-reaching trade implications of Britain’s decision to break away from the EU.…

German inflation hits highest level since 2018

German inflation rose to 2.4 per cent in May, its highest rate in more than two years, in a move likely to intensify debate about whether Europe’s ultra-loose monetary policy…

China’s wolf warriors bristle at Covid blame

The slump in relations between China and Australia sounds like a small detail in the great picture of world affairs. But this is a corner of the canvas that merits…

European stocks set to seal fourth consecutive month of gains

European stocks are set to record their fourth consecutive month of gains, as confidence in the region’s economic recovery grows and its vaccination programme accelerates. MSCI’s broad measure of equities…

Jobless benefits become a scapegoat in US back-to-work debate

Frank Phillips, the owner of a handful of coffee franchises based in Paulding, Georgia, says he once received 200 job applications when opening a new location. For his most recent…

China allows couples to have three children in face of demographic crisis

China will allow couples to have three children, ignoring calls to scrap its historic family policies entirely in the face of a looming demographic crisis after Beijing reported the population…

Global economy will return to pre-pandemic level by 2022, says OECD

The brightening outlook for the global economy will give governments leeway to switch from blanket emergency support to more targeted measures, with a focus on investing, the OECD has said.…

Hong Kong exempts finance executives from tough coronavirus quarantine rules

Hong Kong has exempted senior financial executives and directors of some listed companies from its harsh border quarantine rules, prompting calls by business groups to widen the measures to other…

Global bicycle production hit by supply chain delays

Some of the world’s biggest bicycle makers are considering a shake-up of their supply chains because of delays to deliveries of parts, described by several manufacturers as the longest in decades.…