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And the Financial Times says recent corporate reports from western companies suggest China’s sluggish economy is having significant repercussions for global trade. The paper says the country has for years been a booming market for all kinds of goods and services, but that it is failing to rebound from Covid lockdowns in the way many had expected. It quotes the head of one travel company saying he doesn’t expect business in China to pick up again for a “significant time”.

Financial Times Front Page 19th of May 2025

Boutique lenders, buoyed by post-pandemic optimism, are driving a surge in blank-cheque SPAC deals worth $9bn so far this year, with investors anticipating more lenient oversight coupled with renewed enthusiasm for these specialised investment vehicles.

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