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China’s top leaders to discuss party history and achievements

Bloomberg China’s top leaders will meet in November to discuss party history and achievements, just as President Xi Jinping takes aim at the nation’s yawning wealth gap and crackdowns on the tech sector. The Communist Party’s highest decision making body, the Politburo, fixed the month for the sixth plenum, a gathering of the larger Central Committee, state broadcaster China Central ...

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Made-in-Germany growth engine falters as firms hit supply shocks

Bloomberg The engine of the German economy is turning into a brake in the face of a global supply crunch, threatening to derail the nation’s recovery. While its strong focus on manufacturing helped Europe’s largest economy fare better than its more service-heavy peers in the region during Covid-19 lockdowns, Germany’s rebound is now at risk as companies report shortages of ...

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UK companies boost wages, prices amid reopening boom

Bloomberg British companies are expecting to raise prices and boost wages amid the strongest business confidence in more than four years, according to a survey published on Tuesday. More than a third of firms anticipate increasing wages by at least 2%, reflecting labour shortages, and almost half plan price hikes, the latest Lloyds Business Barometer shows. Overall confidence rebounded to ...

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