Global Economy

admin June 23, 2018

Britain’s economy is stalling. Investment is dropping. Big businesses say they may be forced to leave and take thousands of jobs with them. Two years have passed since Brits voted for the United Kingdom to leave the European Union, but the dramatic consequences of severing ties built over four decades are still coming into focus. […]

admin June 23, 2018

OPEC has a new deal. Members of the cartel emerged from a summit on Friday with an agreement to boost crude oil production. The deal announced at a press conference in Vienna is aimed at easing fears of a global supply crunch and helping to bring down prices that had spiked by as much as […]

admin June 23, 2018

Tariffs on European automakers could hurt companies responsible for tens of thousands of American jobs. The US Commerce Department is investigating whether there should be tariffs on all imported cars and car parts. But President Trump on Friday indicated he is aiming specifically at car imports from Europe. “Based on the Tariffs and Trade Barriers […]

admin June 23, 2018

China’s ZTE, which the US government has accused of repeated sanctions violations, has paid a $1 billion fine, a US Commerce Department official said Friday. The payment comes days after President Donald Trump tried to persuade two dozen lawmakers — mostly Republicans — that the fine and the assignment of an American monitoring team would […]

admin June 22, 2018

The American Dream remains alive for one particular group of folks. Hispanic-Americans are doing much better than their parents when it comes to income mobility. They are climbing up the economic ladder just slightly slower than their white peers, but much faster than blacks, according to a study by Stanford, Harvard and Census Bureau researchers. […]

admin June 22, 2018

IN THE 1990s America and Europe had a trade dispute over bananas. No one worried that tanks might soon roll as a result. But trade is about more than economics. The European Union, the world’s most ambitious free-trade area, was founded on the idea that trade integration would make war between members “not merely unthinkable, […]

admin June 22, 2018

India is giving Harley-Davidson a pass as it hits back against US tariffs on steel and aluminum. The Indian government confirmed this week it would impose retaliatory tariffs on a range of American goods including apples, walnuts and some chemical and metal products. The tariffs will take effect on August 4. But the announcement did […]

admin June 22, 2018

ULF DANIELSSON is thinking of buying a holiday home—or even a new house, so that he, his wife and two children can have a garden and more space than in their flat in Uppsala. He can afford either, he says, and as a professor of astrophysics is surely able to work that out. But he […]

admin June 22, 2018

Fears of a trade war have handed the Dow its longest losing streak in 15 months. Goldman Sachs thinks these worries will get even worse. Here’s why: President Trump’s use of tariffs as a negotiating tool requires him to show America’s trading partners that he’s deadly serious about his crackdown on trade. Yet that effort […]