Counting only bowling costs

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. The writer, associate editor of the FT, is chief executive of the Royal Society of Arts and former chief economist of the Bank of England A century ago, people like me — macroeconomists — did not…

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Crédit Agricole raises its stake in Italy’s Banco BPM in a blow to UniCredit’s offer

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. France’s Crédit Agricole has increased its stake in Banco BPM in a move that will complicate UniCredit’s approach to the Italian lender. Crédit Agricole, which is already Banco BPM’s largest shareholder, said on Friday it had…

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Romania annuls presidential election after alleged Russian interference

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. Romania’s Constitutional Court canceled the decisive round of the country’s presidential election scheduled for Sunday after allegations that Russia used TikTok to promote the leading candidate. The decision to cancel the second round and nullify the…

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The US economy added 227,000 jobs in November

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. The US economy added 227,000 jobs in November, a strong jump after hurricanes and the attack on Boeing dragged down the previous month’s total. The figure released Friday by the Bureau of Labor Statistics beat the…

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