Global Economy

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 […]

admin July 3, 2018

Canada has retaliated against US steel and aluminum tariffs by slapping its own penalties on American exports. The Canadian government confirmed Sunday that it has imposed tariffs on US exports worth 16.6 billion Canadian dollars ($12.5 billion). More than 40 US steel products attract tariffs of 25%. A tax of 10% has been levied on […]

admin July 2, 2018

Nearly $300 billion of US exports could be hit by retaliatory tariffs if the Trump administration decides to penalize automobile imports from around the world, the European Union says. The stark warning was included in the European Commission’s written response to the Trump administration’s investigation into imports of cars and car parts. The comments were […]

admin July 2, 2018

India’s shopkeepers took to the streets on Monday to protest Walmart’s $16 billion takeover of Indian e-commerce leader Flipkart. Around a million local traders were expected to protest Walmart’s big move into India, according to the Confederation of All India Traders (CAIT) that organized the protest. They’re worried that the combination of America’s biggest retail […]