Media playback is unsupported on your device Media captionObama: 'Trump a symptom not the cause' of US division Former US President Barack Obama has launched a stinging attack on Donald Trump and the "crazy stuff that is coming out of this White House"."This is not normal, these are extraordinary times and they are dangerous times,"…
WHEN historians gaze back at the early 21st century, they will identify two seismic shocks. The first was the terrorist attacks of September 11th 2001, the second the global financial crisis, which boiled over ten years ago this month with the collapse of Lehman Brothers. September 11th led to wars, Lehman’s bankruptcy to an economic…
print-edition icon Print edition | Finance and economics Sep 1st 2018 | NEW YORK THE document is dry, dusted with references to “benchmarks”, “performance evaluation” and “a metric-based framework”. But the 25 pages published on August 28th by the Office of the Comptroller of the Currency (OCC), one of America’s federal bank regulators, may start…
Malls are being hollowed out. Shops are closing by the thousands. Retailers are going bankrupt. But it may be too early to declare the death of retail. Americans have started shopping more — in stores. From the garden section at Walmart to the diamond counters at Tiffany & Company, old-school retailers are experiencing some of…
Image copyright EPA The EU's chief Brexit negotiator Michel Barnier has said he is "strongly" opposed to key parts of Theresa May's proposals for a future trade deal.This morning the prime minister said she would not compromise on the UK government's Chequers plan.But Mr Barnier said plans for a "common rulebook" for goods but not…
When Americans feel like they’ve got more money, they like to treat themselves. That means there could be plenty of steaks on the grill this year for Labor Day. A buzzing economy and low U.S. unemployment is a boon for beef, typically considered a premium meat. Gains for the cattle herd means retail prices have…
THE garage in which Hewlett-Packard was started in 1939 is now a private museum—a modest monument to the cut-price creativity and bare-knuckle entrepreneurship that made Silicon Valley famous. Drive south from Palo Alto through 20 minutes of inevitable traffic to Sunnyvale and you will find a landmark of a different kind. Nothing of technological note…
WASHINGTON — The Trump administration told Congress on Friday that it intends to enter into a revised North American Free Trade Agreement with Mexico and will continue working to keep Canada in the pact as talks between the United States and Canada move into next week. While sticking points still remain between the United States…
Coca-Cola has announced a surprise move to buy Costa Coffee, one of Europe's largest cafe chains, from current owners Whitbread for £3.9 billion ($5.1 billion) in a move likely to send shockwaves through the coffee industry. Whitbread, which also owns budget UK hotel chain Premier Inn, said that its board had unanimously approved the deal,…
NAIROBI (Reuters) - Britain is committed to continuing free trade with Kenya after it leaves the European Union, Prime Minister Theresa May said during a visit to Nairobi on Thursday. Britain's Prime Minister Theresa May and Kenya's President Uhuru Kenyatta arrive to address a joint news conference at the State House in Nairobi, Kenya August…
