US could wait until next summer to raise interest rates, say economists

Surveyed experts predicted last weeks rate rise would be followed by two more next year, not three. The Federal Reserve could wait until at least next summer before raising interest rates again, according to Wall Street economists surveyed by the Financial Times. Expectations that a rate rise last week by the US central bank would […]

Patti Smith falters in Stockholm tribute to an absent Bob Dylan

Representing the Nobel laureate at the prize-giving, the US singer admitted nerves in performance at Swedish academy. A very nervous Patti Smith initially stumbled through A Hard Rains A-Gonna Fall in Stockholm on Saturday in a performance given to mark Bob Dylans Nobel prize for literature. Making the award, Horace Engdahl, a Swedish literary historian […]

First edition of Isaac Newton’s Principia set to fetch $1m at auction

Rare European copy of key mathematics text is going under hammer at Christies in New York with record guide price. A first edition of Sir Isaac Newton’s Principia Mathematica could become the most expensive print sold of the revolutionary text when it goes under the hammer with a guide price of at least $1m (790,000) […]

The Guardian view on globalisation: its death is the making of it | Editorial

Editorial: We may be at a turning point in the nature of capitalism. That may not be such a bad thing. Ever since US presidential candidates railed against free trade, and anti-immigrant parties madesweeping gains in Europe, the question has been asked: are we witnessing the demiseof globalisation? A trend that has dominated economics and […]

Greek prime minister reshuffles cabinet to boost bailout reforms

Alexis Tsipras says time has come to speed up measures agreed with the country’s international creditors. The Greek prime minister, Alexis Tsipras, has reshuffled his government to boost bailout reforms in the hope of getting the EU to agree to critical debt relief by the end of the year. Heralding a new political era for […]