Eshe Nelson
The New York Times
United Kingdom
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Past articles by Eshe:
Central Banker to Britons: You’re Worse Off. Accept It.
The comment, from the Bank of England’s chief economist, was offered as a way to curb inflation. But the message has fallen flat. → Read More
Rishi Sunak, New U.K. Leader, Delays Major Economic Plan
Mr. Sunak’s government, seeking more time to make the “right decisions,” will deliver its first economic plan on Nov. 17 instead of Monday. → Read More
U.K. Government Plans a Halloween Update to Its Tax and Spending Agenda
After an earlier announcement sent markets into a tailspin, the prime minister and the chancellor are under pressure to restore fiscal credibility. → Read More
Latest Economy, Inflation and Business News: Live Updates
After a decade of low inflation, the bank is facing the highest rate of price increases since the creation of the euro currency. → Read More
Business and Economy News: Live Updates
Russia was unable to use dollars held in American banks to make a payment of about $650 million on its debt. It used rubles instead. → Read More
Russia Cuts Interest Rates to 17 Percent as Ruble Recovers
The unscheduled change came after the ruble had regained most of its losses since Russia invaded Ukraine. → Read More
Omicron Is an Economic Threat, but Inflation Is Worse, Central Bankers Say
Within 24 hours, the Federal Reserve, Bank of England and European Central Bank all stepped forward to deal with price increases. → Read More
Markets Tumble as New Coronavirus Variant Brings Travel Restrictions
Stocks and oil futures slumped, while investors sought safety in government bonds. → Read More
British program to cover pay ends after subsidizing nearly 12 million jobs.
But with a challenging winter ahead, the government has announced a new fund to help households pay for essentials like food and utility bills. → Read More
A low-carbon economy is cheaper than the costs of climate change, a report says.
The European Central Bank put the region’s economy under a microscope to assess the impact of climate change action and inaction. → Read More
U.S. Stocks Drop With Concerns Over Energy Prices, Bond Program
China’s sputtering property market, soaring European natural gas prices and a potential Federal Reserve timeline for scaling back stimulus are causing jitters. → Read More
The British retailer Marks & Spencer blames Brexit as it closes French stores.
Getting fresh food through Brexit’s “supply chain complexities” has prompted the closing of 11 stores, the company said. → Read More
At Selfridges, Weddings Are on the Fourth Floor
Department stores are broadening their offerings to survive online sales. A London landmark will host your wedding. → Read More
Britain’s economic recovery nearly stalled in July as Delta variant spread.
The economy grew a mere 0.1 percent in July as businesses were also hampered by shortages of goods and staff, which pushed up prices. → Read More
Rising inflation could prompt the E.C.B. to slow its crisis-era bond buying.
The European Central Bank is expected to update its inflation and economic growth forecasts. → Read More
Airbnb says it will give temporary free housing to 20,000 Afghan refugees.
The company said it was working with resettlement agencies. It did not specify how long refugees could stay in the apartments and houses. → Read More
U.S. and I.M.F. Apply a Financial Squeeze on the Taliban
Most of the Afghan central bank’s reserves are frozen at the Federal Reserve. And the International Monetary Fund will block more than $400 million in aid. → Read More
Europe upgrades its economic outlook as the British economy rebounds.
The economic outlook has brightened considerably across Europe after lockdowns restricted growth at the start of the year. Now, economists foresee the complete recovery by the end of next year from the early effects of the pandemic. The British economy grew 2.1 percent in March from the previous month, the Office for National Statistics said on Wednesday. The reopening of schools was one of the… → Read More
A Financial Firm’s Collapse Reverberates as Its Founder Answers Questions
Lex Greensill’s company attracted attention in high levels of British government until it failed. Lawmakers are leading an inquiry. → Read More
Stocks Tumble as Inflation Concerns Resurface: Live Business Updates
Stocks Tumble as Inflation Concerns Resurface: Live Business Updates Stocks fell around the world on Tuesday as traders remained unsettled by rising prices and the impact that could have on inflation. But a rebound in technology stocks in afternoon trading softened the blow on Wall Street somewhat. The S&P 500 fell 0.9 percent, after having recovered from a decline of as much as 1.6 percent… → Read More