Playing the Grinch

By Craig Erlam Stock markets are going into the festive period in a downbeat mood, as central banks this week reaffirmed their commitment to raising rates. The prospect of a Santa rally

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Any recession will be mild, short-lived

If it comes, Europe can expect a mild and relatively short-lived economic recession as high inflation is tamed, said Cyprus Central Bank governor Constantinos Herodotou. He said the ECB’s objective is to restore

Is the UK already in recession?

By Craig Erlam Stock markets are recovering slightly on Wednesday after another volatile start to the week. It’s clear that investors have one eye on the US this week, with Fed minutes

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