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Outflows are in contrast to America where US equity ETF flows represented nearly half of the total accrued

Also in this newsletter: Slamming the brakes on the EU’s deregulation omnibus

Germany in particular has been slow to come to terms with significant geopolitical and economic shifts

Rerouting of container ships has disrupted supply chains, increasing travel times and transport costs

And default divergence

Also in this newsletter: Biden claws back ground in FT poll, return of the metaverse, has ESG had its day?

Commodity houses face battle from trading network that has served Moscow since invasion

Groups such as Hyatt and Marriott target region with upscale versions of all-inclusive holidays

Materials manufacturer Novonix issues warning as region struggles to compete with US subsidies

Industry is latest manufacturing sector on the continent to shrink despite global growth