By: Jake Cordell

I'm City A.M.'s economics reporter, looking at the news, stories and data that move markets in the UK, Europe and around the globe. I also cover broader developments in the business and political worlds at home and abroad.

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US economy set to feast out on super-size food exports

September 29, 2016

The US economy is set to come roaring back to life in the second half of the year on the back of a bumper summer food harvest. Figures out this afternoon showed the world's largest economy grew by 1.4 per cent on an annualised basis in the second quarter of the year – a slight upwards [...]
Bank of England announces latest details of landlord crackdown

September 29, 2016

The Bank of England's crackdown on landlords kicked up a notch this morning, with a set of tough new lending restrictions for buy to let mortgages. Threadneedle Street's banking supervision arm, the Prudential Regulation Authority (PRA), has long been concerned with the risks the UK's buy-to-let sector poses to financial stability and has again tightened [...]
France and Germany take Eurozone confidence to eight-month high

September 29, 2016

The recovery in the Eurozone might still be on track as confidence jumped to a eight-month high in September. The EU's official economic sentiment indicator (ESI), the broadest measure of optimism among businesses and consumers across the single currency area, rose to 104.9 from a score of 103.5 recorded in August. Economists had expected confidence to flat-line after a string [...]
Brexit negotiations will cost UK £1 per person

September 29, 2016

Planning for Brexit is set to cost the government £65m a year and will require at least 500 extra civil servants, a Whitehall-watching think tank has concluded. The Institute for Government (IFG) said "time and energy is being wasted on political squabbles and turf wars", and added politicians had no idea how their departments and the civil [...]
Italian PM says David Cameron was wrong to hold EU referendum

September 29, 2016

The Italian Prime Minister has blamed David Cameron for losing the EU referendum this morning, but called on the EU and the UK to remain "best friends" after Britain formally leaves the bloc. Matteo Renzi also told the BBC he expects exit negotiations between the two sides to be a "very difficult process" which must be started [...]
Competition and Markets Authority to investigate price comparison websites

September 29, 2016

The UK's competition watchdog is launching a wholesale review into price comparison websites to investigate how they make their money and whether they really do help consumers get the best deals. The Competition and Markets Authority (CMA) announced the review this morning – the latest in a long-line of high-profile probes the body has conducted including [...]
Mario Draghi hits out at German MPs, German banks and ECB naysayers

September 28, 2016

Mario Draghi confronted German politicians head on yesterday over their criticism of the European Central Bank (ECB)’s controversial monetary policies. In a speech to the Bundestag, Germany’s parliament, before private meetings with MPs, Draghi also reiterated his calls for Eurozone countries to share the burden of stoking economic growth and insisted negative interest rates were [...]
Exports set for £20bn Brexit boost after sterling’s dramatic plunge

September 28, 2016

Goods exports will jump by £20bn over the next year, cushioning the UK economy from a slowdown caused by the EU referendum, Standard and Poor's (S&P) has argued. In a new report assessing the impact of the Brexit vote on the UK and Europe, the ratings agency also stuck by its claims the UK will avoid [...]
Christine Lagarde issues hard-hitting defence of global economy

September 28, 2016

The head of the International Monetary Fund (IMF) has doubled-down on warnings against reversing the tide of globalisation. Christine Lagarde, managing director of the IMF, told a conference in Chicago this afternoon policies that restrict trade between countries and seek to protect economies from foreign competition will hit the world's poorest citizens, branding such ideas [...]
Deutsche Bank: Where did it all go wrong?

September 28, 2016

The German government could be considering a bailout for Deutsche Bank as the lender's share price falls to its lowest level since the mid-1980s and speculation over a rights issue or buyout swirl. The latest trigger has been the Department of Justice's claims for a $14bn settlement over Deutsche Bank's role in the underwriting of [...]

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Who made the naughty list in the wine world in 2025?

By: Jake Cordell

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