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The IMF has warned governments against relying on short-term improvements to their public finances stemming from higher inflation, saying these rarely provide lasting relief from fiscal pressures. The fund’s Fiscal Monitor, published on Wednesday, showed the surge in inflation over the past year had lowered both borrowing and debt burdens in advanced and emerging economies.
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Momentum is building in Sweden for the country to apply for Nato membership after its biggest selling newspaper endorsed the move and an opinion poll showed a record number of Swedes supported the idea. The debate over membership of the western military alliance in the wake of Russia’s invasion of Ukraine has been slower to
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This is an audio transcript of the FT News Briefing podcast episode: Who will back Elon Musk? Marc FilippinoGood morning from the Financial Times. Today is Wednesday, April 20th, and this is your FT News Briefing. [MUSIC PLAYING] Elon Musk still wants to buy Twitter, but it’s not clear who will back his $43bn bid.
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One thing to start: Elon Musk’s $43bn bid to take Twitter private is struggling to draw interest from institutions with the financial firepower to pull off such a large deal including Blackstone Group, Vista Equity Partners and Brookfield Asset Management in part due to concerns over whether the social media group can become more profitable.
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Rana Foroohar (Opinion, April 18) echoes US Treasury secretary Janet Yellen’s call for a new Bretton Woods framework based on shared values. The call comes as the west has shown incredible unity trying to help Ukraine defend its sovereignty and, by extension, the democratic values the west holds dear. The call to base international, economic
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Janan Ganesh takes international relations theory to task (“No grand theory can explain the Ukraine crisis”, Opinion, April 13). But when debunking “realism” he makes two classic mistakes. The first one is to assume that state leaders must adhere to realism for that theory to make any sense. So Ganesh writes: “When Putin himself cites
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Opening this month, hotelier Navid Mirtorabi’s elegant property, The Twenty Two, occupies a sunny corner of Grosvenor Square. While it is very much in Mayfair, in attitude and spirit The Twenty Two is decidedly – strategically – not of Mayfair.  “It used to be that there was a very eclectic crowd there,” explains Mirtorabi, whose hotel career comprises 10 years
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In the vast expanses of sun-drenched north-west Australia, one of the most ambitious energy ventures in history is being planned as part of a pipeline of billion-dollar hydrogen projects across the country. The Asian Renewable Energy Hub is expected to cover 6,500 square kilometres in the Pilbara mining region with solar panels and wind turbines
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Honda’s carefully investigative and logical approach to electric vehicle production is a model that has stood the test of time (Report, April 13). Chief executive Toshihiro Mibe says Honda needs “to take into account multiple factors, such as the living environment and the penetration rate of renewable energy, rather than simply switching to electric vehicles”.
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Ukraine plans to open a humanitarian corridor for civilians to leave Mariupol, the besieged south-eastern city where Russia this week began a bombing campaign targeting the city’s Azovstal steelworks. The government secured agreement on a corridor to bring civilians out of the city from 2pm, Iryna Vereshchuk, Ukraine’s deputy prime minister, said on Wednesday. “Given
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