World news
House prices post strongest annual growth in nearly three years
Osborne warns over 'badly-timed' Tobin tax
Bank of England says no to more QE
ECB holds interest rates on hopes of recovery
Brussels dismisses 'plainly wrong' IMF criticism over Greece
China-EU trade war a risk for UK growth
Hard-line ECB washes hands of jobless crisis, sees no 'Japanese' deflation
If the Labour Party won't spend, what's the point of it?
EU’s unaccountability poses a danger to global economy
Roger Bootle looks to sell Capital Economics
Businesses with bright ideas 'more likely to face funding hurdles'
Saudi prince sues Forbes over size of fortune
Sir Mervyn King attacks EU financial transaction tax
Bank raises growth forecast in rare boost for economy
Heroic Spain is damned if it does, and damned if it doesn't
Foreign-born workers account for 50pc of rise in employment
Recovery hopes as Japan economy expands again
Exiting QE could 'undermine the recovery', IMF warns
One and two cent coins could disappear under EU plans
Japan storms back on weak yen but Asia trembles
There may be no halting this tax juggernaut
EU referendum row a 'distraction' from growth
Coalition minister claims he can see 'green shoots' of recovery
BoE's Weale douses Carney stimulus hopes
ñòðîèòåëüñòâî äîìîâ
EU arms second front in China trade war with Huawei probe
The European Commission is poised to launch an anti-dumping probe against Chinese mobile companies Huawei and ZTE, opening a second front in its escalating trade clash with China.

The EU’s trade police in Brussels secured support from all 27 commissioners for action last week, and last-ditch efforts to reach a solution appear to have failed. “The clock is ticking,” said an official.

Beijing has vowed to retaliate, warning that people in glass houses should not throw stones. China is already bristling over the Commission’s plans for sanctions on ?21bn (£17.7bn) of Chinese solar panels, the EU’s biggest ever trade case.

The move has angered Germany, even though cheap Chinese imports have pushed Germany’s top solar firms Q-Cells and Solarworld into bankruptcy or debt restructuring.

“It is a grave mistake,” said German Vice-Chancellor Philipp Roesler. “German industry is very concerned. I expect the Commission to do everything to prevent a trade conflict.”

Trade commissioner Karel De Gucht told Reuters that Huawei and ZTE are “dumping their products on the European market”, threatening a strategic sector of European industry. Both companies deny the claim.

Mr Gucht said subsidised credit for the mobile equipment makers has created “distorted playing field”. Soft diplomacy appears to have been fruitless. “We have already had three rounds of negotiations, but without any satisfactory outcome. It is better for the whole world economy to come to an amicable solution, but you need two to tango,” he said.

The Commission has the power to act unilaterally, even if several EU states are luke-warm or oppose sanctions.

Germany has different interests from France, Britain, Italy and Spain, since it alone sells as much to China as it imports, with booming exports of machine tools and luxury cars. China is the biggest market for Mercedes S-Class cars.

“At present, there is an almost perfect symbiosis: China needs technology and Germany needs markets,” said Hans Kundnani, from Europe’s Council on Foreign Relations.

Club Med states have had far less success exporting to China, while their home markets have been flooded with cheap Chinese goods that undercut their own mid-tier industries.

Mr Kundnani said Germany is pursuing its own “special relationship” with China regardless of the rest of the EU. Former Chinese premier Wen Jiabao took 13 ministers to Germany last year for what amounted to a joint cabinet session of the two countries, treating Berlin as the de facto capital of Europe.

It is part of broader pattern in which Germany does energy deals with Russia that cut against the rest of the EU, or with Britain inside the inside the EU whenever trade interests trump the other imperatives of the EU Project.

Mr Kundnani said Germany’s policy towards China is inspired by Chancellor Willy Brandt’s Ostpolitik in the 1970s when West Germany chose to overlook human rights issues and political differences with the Communist regime in the East, hoping for “change through rapprochement”.

It worked with East Germany, but the Council on Foreign Relations warns that China is a different animal.

Äëÿ ïå÷àòè
buy viagra online

Britain puts brake on slide in European car sales
MPs consider inquiry into London listing rules
Markets are on a crazy, sugar-fuelled journey
Help to Buy puts mortgage market at risk, says King
Sir Mervyn King attacks Osborne plan to boost housing market
UK exporters look beyond sluggish EU
BIS and IMF attacks on QE 'deeply misguided'
Germans blame eurozone crisis for Eurovision flop
'Economic case to stay in EU is overwhelming'
Inflation 'may hamper Carney’, warns ITEM Club
Japan upgrades growth outlook
Paul Tucker risks row over bank rescue plans
EU arms second front in China trade war with Huawei probe
Attacks on tax avoidance 'could damage Britain'
Japanese growth could be 'sugar high'
Britain is already in trouble without the IMF making it worse
UK exit from EU would be 'loss/loss scenario', warns Goldman Sachs
Demanding clients get small firms investing at last
UK inflation: sharp fall eases household squeeze
Nigel Farage's biggest problem is Ukip doesn't do details
What next for inflation and interest rates?
Europe faces lost decade, says Mark Carney
Stocks are booming, so beware the bust
HMRC 'errors' cost country £5bn, say MPs
Visit Statistics