Global Economy

admin June 25, 2018

Wall Street’s trade war anxiety is spreading to tech. The Dow shed 400 points, or 1.7%, on Monday following news that President Donald Trump plans to crack down on Chinese investment in major technologies in the United States. The drop left the index on track for its worst day in two months and its ninth […]

admin June 25, 2018

Banks are not yet prepared for a “no deal” Brexit and must act now to avoid putting the stability of the financial system at risk, according to the European Union’s top regulator. In an opinion published Monday, the European Banking Authority said that preparation for a scenario where Britain crashes out of the European Union […]

admin June 25, 2018

1. Amazon is too expensive for the Dow: Amazon and Jeff Bezos might be conquering the world, but there’s at least one exclusive club they haven’t gained entry to: The Dow Jones Industrial Average. Amazon (AMZN) is one of the most consequential companies on the planet, so it stands to reason that it’d be in […]

admin June 24, 2018

The start of a trade war between the United States and China comes at an inconvenient time for the Chinese economy. In recent weeks, concerns have been mounting that growth in the world’s second-biggest economy is cooling faster than previously expected. Weaker Chinese growth will have repercussions for big trading partners, such as the United […]

admin June 24, 2018

Recep Tayyip Erdogan is asking Turkish voters for another term as president. They may say no because of a feeble currency and runaway price hikes. The economy has become a major issue in Turkish elections scheduled for Sunday thanks to inflation that’s running at 12%, and a currency that has dropped to a record low […]

admin June 24, 2018

Tariffs on more than $3 billion worth of American exports to Europe took effect on Friday. The European Union has imposed additional tariffs of 25% on products such as motorcycles, orange juice, bourbon, peanut butter, cigarettes and denim — part of its response to the Trump administration’s tariffs on steel and aluminum exports from Europe. […]

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 […]