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Macron boxed himself into a corner

The Gilets Jaunes movement is splintering after Emmanuel Macron shelled out billions of euros to appease French citizens fed up with the high cost of living. But plenty are still taking to the streets, with turnout of about 50,000 across France last weekend. The violence is proving hard to contain. Rioters used a forklift truck to break into the offices ...

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Next is showing retail may have skipped a meltdown

Britain’s retail sector isn’t saving the best for last. Next Plc has kicked off the post-Christmas reporting season with what looks like a pretty decent performance. True, sales in stores were slightly worse than expected, while its forecast for full-year profit has been trimmed slightly. But that’s due to higher sales of lower margin items, such as beauty, and better-than-expected ...

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The Fed and PBOC are no longer poles apart

A pleasing synchronicity is edging back into the world economy, at least in terms of monetary policy. Let’s hope it’s not too late. Wasn’t the “synchronised global upswing” narrative – all the rage in 2017 – retired last year? That doesn’t mean courses can’t be recalibrated. The signal late last week of a pause in interest-rate hikes from the Federal ...

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