Deflation fears rise in China as consumer prices slow down for four straight months

Consumer prices in China grew barely 0.1% in December compared to a year before, marking the fourth consecutive month that price increases have slowed down. This raises the threat of a deflationary spiral which would further damage the country’s economy. The Chinese government has made boosting domestic consumer spending its top priority for 2025. Also … Read more

Mexico president trolls Trump with “Mexican America” map after his “Gulf of America” name change proposal

Mexico’s President Claudia Sheinbaum responded sarcastically on Wednesday to U.S. President-elect Donald Trump’s proposal to change the name of the Gulf of Mexico to the “Gulf of America.” Standing before a 17th-century world map in her daily press briefing, Sheinbaum proposed dryly that North America should be renamed “América Mexicana,” or “Mexican America,” because a … Read more

Whitehall estimates child sexual abuse compensation could hit £10bn

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government would have to pay between £5bn and £10bn to compensate thousands of victims of child sexual abuse if it fully implements the recommendations from Professor Alexis Jay’s 2022 review, according to Whitehall … Read more

Behind Trump’s threat: Why is Greenland so strategically important? | Donald Trump News

At a news conference at his Mar-a-Lago estate in Florida on Tuesday, United States President-elect Donald Trump reiterated his desire to acquire Greenland, which he said was critical to American national security. The Republican leader, who is set to be inaugurated on January 20, refused to rule out using military or economic power to achieve … Read more