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Nobel laureate Joseph Stiglitz among 50 signatories of statement that points to risks to Labour’s wider aims

Fifty economists and policy experts have issued a warning to Rachel Reeves that encouraging the City to expand could threaten financial stability and jeopardise growth.

The chancellor has called the UK’s financial services sector “the crown jewel in our economy” and has claimed that regulations imposed after the global financial crisis have “gone too far”.

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Bearish/Bullish

22.12.24 02:41

by theguardian.com

Trump threatens to take back Panama Canal over ‘ridiculous’ fees

Trump also warns he would not let a ‘vital national asset’ for the US fall into the ‘wrong hands’

Donald Trump has demanded that the Panama Canal be given back to the US if Panama did not manage the waterway in a fashion that was acceptable to him – and he accused the central American country of charging excessive rates for use of the ocean-connecting ship passage.

“The fees being charged by Panama are ridiculous, especially knowing the extraordinary generosity that has been bestowed to Panama by the US,” Trump wrote on his Truth Social platform late Saturday, a little more than a month before the start of his second US presidency. “This complete ‘rip-off’ of our Country will immediately stop….”

Reuters contributed reporting

Panama