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Stay-at-home recovery may outlast pandemic

The UK’s “Freedom Day” has been declared a damp squib by taxi firm Addison Lee, and it’s hard to disagree. Even with hospitalisations and deaths low — and cases falling — mobility is plateauing and below pre-pandemic levels in some areas. Brits are exercising their freedom to mingle selectively. We are a long way from the celebratory orgies reported by ...

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BOE should mind its policy gap with Fed

As inflation rates accelerate around the world, central banks are talking about tapering their stimulus programs. With UK data starting to give distinctly mixed signals about how fast the economy is rebounding, the Bank of England (BOE) should err on the side of caution this week as it debates when and whether to start easing back on its support. The ...

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Asia’s factories reflect new divide as Delta variant spreads

Bloomberg Manufacturing managers in Southeast Asia saw a slump in activity as the region grapples with one of the world’s worst Covid-19 outbreaks, while North Asia continued to see a pick up as the global economy recovers. In Southeast Asia, which has emerged as one of the world’s worst-hit pandemic areas in recent weeks, Indonesia’s IHS Markit manufacturing Purchasing Managers ...

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