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S&P 500 drops more than 20% below previous peak while Topix tumbles Christmas Day

News

US finalising report on whether imported cars represent threat to national security

President enters the new year increasingly at odds with his own officials

White House insists it will not budge on demand for $5bn to fund security measures

Allies worry departure of US defence secretary might herald erratic foreign policy

John Williams attempts to soothe frayed investor nerves over economic outlook

Opinion & Analysis

Privacy scandal is another sign that business is too focused on shareholder return

The next defence secretary must temper Donald Trump’s wilder impulses

AnalysisThe Big Read

The once rising star now poses one of the greatest threats to the bank in its history after pleading guilty to fraud

Instant InsightEdward Luce

Defence secretary was the last grown-up remaining from the White House axis of adults

The US central bank needs to pay more attention to downside risks

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