Live news updates from Jun 27: Property developer Evergrande faces winding-up petition in Hong Kong, G7 to impose new sanctions on Russian arms industry
Now would seem a good time for central bankers to get together and brainstorm some ways of getting their economies out of a global inflationary crisis. So thank goodness for the European Central Bank’s annual Forum on Central Banking, a gathering amid the palaces in the pretty Portuguese Riviera town of Sintra to discuss the challenges for monetary policy in a rapidly changing world: a title that organisers admit was only recently agreed upon given the rapidly changing world that the eurozone economies now face. Federal Reserve chair Jay Powell, World Trade Organization head Ngozi Okonjo-Iweala and Bank of England governor Andrew Bailey are among the top drawer list of speakers.
Geopolitical summits are again a bit of a theme this week. Nato will gather in Madrid on Tuesday for three days of discussion, including its expansion in the wake of Russia’s invasion of Ukraine. Among the topics for deliberation