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McCarthy fights for political life after losing initial Speaker vote
Republican becomes first majority party leader in a century to fall short in early ballot
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University of California invests $4bn in Blackstone’s real estate fund
Private equity group offers minimum annual return of 11.25% with $1bn backstop to entice endowment
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EU set to demand pre-departure Covid testing for travellers from China
Move comes after Italy, France and Spain announced screening of incoming passengers
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Apple’s market value falls below $2tn as tech rout hits iPhone maker
Dramatic fall from $3tn in the past year comes amid investor fears over disruptions to
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Reinsurance costs rise up to 200% as Ukraine war and extreme weather bite
Soaring increases in crucial January renewals threaten to raise premiums and reduce cover on offer
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Global inflation tracker: see how your country compares on rising prices
Inflationary pressures are beginning to wane
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France weathers inflation storm but price pressures are still mounting
Businesses face surging power bills as renewal of fixed-price contracts looms
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German inflation drops by more than expected to 9.6%
Sharp fall, helped by energy subsidies, provides some relief for ECB in its fight against
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