Global Economy

admin July 6, 2018

The CEO of Airbus has accused the British government of having “no clue” how to deliver a successful Brexit. “The sun is shining brightly on the UK, the English [soccer] team is progressing towards the final, the RAF is preparing to celebrate its centenary and [the UK government] still has no clue, no consensus on […]

admin July 6, 2018

COMPETITION forces companies to keep prices low to attract customers. But if a few firms become powerful enough, they can see off competitors and charge more. A new working paper by Jan De Loecker of the University of Leuven and Jan Eeckhout of University College London presents evidence that this is happening across the rich […]

admin July 6, 2018

Businesses and consumers beware. Washington put tariffs on $34 billion worth of Chinese goods on Friday, and Beijing immediately responded with penalties of an equal scale. The cost of the new tariffs can be found in the roughly 1,300 individual products that have suddenly become more expensive. Related: China says the US has started ‘the […]

admin July 6, 2018

ON A residential street corner in Buenos Aires, Van Koning Market sells imported beers to the city’s well-heeled. Since it opened in June last year costs have soared. The peso has plummeted, meaning wholesale prices have shot up. Inflation is running at 26%; the reduction of government subsidies means the monthly electricity bill has risen […]

admin July 6, 2018

The risk of a global trade war is rising. That could sink the US economy into a recession, bringing an end to the second-longest expansion in American history. Although the economy is strong right now, businesses and investors are growing more worried about President Trump’s trade crackdown. Tensions are escalating, raising the chances that the […]

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, […]