Global Economy

admin June 17, 2018

AMERICA’S unemployment statistics attract close attention, even from presidents. Early on June 1st President Donald Trump tweeted that he was looking forward to the latest figure (3.8%), released that morning. China’s unemployment numbers, by contrast, attract mostly ridicule. They have barely budged since 2011 despite the upheavals of the period. Many China-watchers therefore hoped that […]

admin June 17, 2018

The United States is putting its own economy at risk with aggressive trade tactics and a ballooning deficit, the International Monetary Fund says. In an annual checkup for the US economy, the IMF warned that the short-term economic boost from last year’s $1.5 billion tax cut and $300 billion federal spending bill probably won’t last. […]

admin June 17, 2018

IN AN episode of “Seinfeld”, a 1990s television comedy, George Costanza, a serial failure played by Jason Alexander, decides that every instinct he has is wrong. So he resolves to do the opposite. He is soon squiring a new girlfriend and is up for a dream job. “It’s all happening because I’m completely ignoring every […]

admin June 17, 2018

Rick Shade navigates through the rows of trees, seamlessly disappearing into the branches, rummaging through the leaves, before finally turning around with a look of triumph. “This fruit here it’s in the sweet spot,” he says holding up a single dark green avocado, the stem still attached. “A tinge of color on the peel.” He […]

admin June 16, 2018

ADE AYEYEMI’S office in Lomé, the capital of Togo, is a good place to think about crossing borders. Ghana is ten minutes’ drive away. From his window the boss of Ecobank can watch trucks rumble along the seafront, some bound for Burkina Faso, a day’s journey, or Mali, perhaps another day on. At night, cargo […]

admin June 16, 2018

President Donald Trump’s tariffs on Chinese goods are intended to help American companies that have been hurt by Beijing’s industrial policies. But in the short term, at least, many American businesses may be the ones feeling pain. Deals are in limbo. Companies say critical supplies they need to make products could jump in price. And […]

admin June 16, 2018

ON JUNE 13th the Federal Reserve raised its benchmark interest rate by a quarter of a percentage point, the seventh such increase since it began shouldering rates away from zero in December 2015. Markets shrugged—a rather different reaction from the one that followed a policy adjustment made five years ago this month. The chairman then, […]

admin June 16, 2018

The world’s two biggest economies are now at war over trade. China accused the United States of firing the first shot on Friday when the White House said that it would impose tariffs of 25% on $50 billion worth of Chinese goods. The announcement confirms a threat first made by President Donald Trump in March […]

admin June 16, 2018

THE teller at ICBC, China’s (and the world’s) biggest bank, ushers a new, well-heeled customer into a private room. It is not for VIP treatment but a stern warning. The customer wants to invest in products offering higher returns than a basic savings account. The teller fixes a camera on her and reels off a […]

admin June 16, 2018

So much for TGIF. Stocks dipped after President Trump announced $50 billion in new tariffs on Chinese imports Friday, escalating worries about a trade war between the United States and China. China immediately responded with tariffs of its own, which could hurt US businesses. The Dow fell more than 280 points in the morning but […]