Economic news
China borrows as cheaply as US in dollar bond market
Beijing raises $4bn as debt costs relative to Treasuries fall to historically low levels
The inevitable politics of ending quantitative tightening
A large Fed balance sheet and a large budget deficit mean monetary policy and politics will stay entwined
Rival robotaxi start-ups’ shares tank after Hong Kong listing
Uber-backed groups Pony.ai and WeRide fall as much as 15% as analysts raise concerns about profitability
Milei defies calls to float Argentine peso freely
Libertarian president vows to double down on radical transformation of Argentina’s economy after midterm election victory
Switzerland is crossing the crypto Rubicon
Can the country replicate its culture of trust in an era that thrives on code and decentralisation?