10-12-2025 18:04 via ft.com

Brussels raids Temu in foreign subsidy investigation

‘Unannounced inspection’ comes as European Commission steps up efforts against Chinese online retailers
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Economy news



US trade deficit shrinks to smallest since 2020 as gold exports jump
Greek finance minister chosen to chair Eurogroup
China leads objections to Trump reprieve on global minimum tax
China leads objections to Trump carve-out on global minimum tax
Mexico imposes tariffs of up to 50% on Chinese goods
FirstFT: Donald Trump turns up the heat on Nicolás Maduro
Fed cuts rates to 3-year low after fractious meeting
FirstFT: US Fed cuts rates to 3-year low
How China racked up a $1tn trade surplus
Carmakers sound warning over EU’s ‘very dangerous’ local sourcing rules
Trump has just accelerated Europe’s electric vehicle reckoning
More than 1 in 20 people are homeless in parts of London, charity warns
US central bank to launch $40bn debt-buying scheme after money market strains
Fed to launch $40bn debt-buying scheme after money market strains
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