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(Bloomberg) -- Jerome Powell and Wall Street are headed for another face-off this week as the Federal Reserve seeks to slow its inflation-fighting campaign without signaling a readiness to stop.
China’s budget deficit jumped to a record $1.3 trillion last year, showing the strain put on local government finances by the spending needed to implement and offset the ultimately futile Covid Zero policy.
Britain’s homebuilders have six weeks to sign a UK government contract that will commit them to repair unsafe cladding on apartment blocks — or face banishment from the housing market.
Sweden’s economy unexpectedly contracted in the fourth quarter as weaker purchasing power erodes consumer spending in the biggest Nordic economy.
For the fifth straight quarter, European banks are set to match or beat Wall Street rivals after a debt trading surge last year saw revenues surge by almost 30%.
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