Global Economy

admin July 6, 2018

THEY evoke metal gorillas in a cavernous, floodlit hall: 640 robots with riveting guns and arms for handling parts. They will spring into action this autumn at the opening of a new plant for Jaguar Land Rover (JLR), built at a cost of €1.4bn ($1.6bn) on former farmland in Nitra, in western Slovakia. Cars under […]

admin July 6, 2018

After months of threats and skirmishes, the trade war between the United States and China is about to get serious. On Friday, the world’s top two economies are due to exchange fire by hitting $34 billion of each other’s exports with steep new tariffs, the first moves in what may become a devastating cycle of […]

admin July 5, 2018

“Our people crave, more than anything else, to know the extent of the nation,” says the narrator in “Do You Love Me?”, a short story by Peter Carey set on an imaginary world that lionises cartographers. To satisfy that craving, the country carries out a regular, exhaustive census: a “total inventory of the contents of […]

admin July 5, 2018

After months of holding back, businesses are going public with stark warnings about what could go wrong if the United Kingdom makes a mess of Brexit. Companies with tens of thousands of British workers have spelled out the potential damage to their business, turning up the heat on the UK government as it struggles to […]

admin July 5, 2018

There have been a lot of headlines about the gender wage gap among full-time wage and salary workers. Researchers have found that pay disparities persist due to a combination of women working in lower-paid occupations, taking time off to have kids and discrimination. But what about the world of online platforms, like Lyft and Instacart, […]

admin July 5, 2018

A record number of people have jobs, and companies are struggling to fill positions. But workers still aren’t getting raises. A new report from the Organisation for Economic Co-operation and Development warns that positive employment trends are at risk of being overshadowed by “unprecedented” wage stagnation. The OECD said Wednesday that the employment rate in […]

admin July 4, 2018

German Chancellor Angela Merkel has warned the Trump administration that hitting auto imports with new tariffs would have dire consequences. ”We now have tariffs on aluminum and steel and we have a discussion that is far more serious,” Merkel told German lawmakers on Wednesday. “This is taking on the contours of a trade conflict — […]

admin July 3, 2018

After taking a hammering in June, China’s stocks and currency are off to a rocky start to July. Fears over a slowdown in the country’s economy and the start of a trade war with the United States have been weighing on Chinese shares and the yuan. The benchmark share index in Shanghai, which entered a […]

admin July 3, 2018

Businesses need answers on Brexit — and fast. The British Chambers of Commerce released a list of 24 questions on Tuesday that companies are asking about Brexit. With just nine months to go before the divorce, it said the UK government has answered only two. “We are little closer to the answers businesses need than […]

admin July 3, 2018

1. Tower of debt: Corporate America is drunk on easy money. US companies, encouraged by a decade of unbelievably low borrowing costs, are sitting on $6.3 trillion of debt, according to S&P Global Ratings. That sum, which excludes banks, is more than before the Great Recession — or any other time in history. Companies have […]