JUST a year ago the world was enjoying a synchronised economic acceleration. In 2017 growth rose in every big advanced economy except Britain, and in most emerging ones. Global trade was surging and America booming; China’s slide into deflation had been quelled; even the euro zone was thriving. In 2018 the story is very different.…
Thomson Reuters Wall Street continued to slide Thursday morning after initially finding some relief in tamer-than-expected inflation data, a day after worries about rising rates and trade tensions sparked a sharp sell-off in global markets. After suffering its steepest drop since February in the previous session, the Dow Jones industrial average fell more than 350…
ON THE campaign trail, Imran Khan, Pakistan’s new prime minister, presented himself as the man to break the country’s addiction to hand-outs from the West. Whereas previous governments used to go begging to the IMF for funds, he said, his Pakistan Movement for Justice (PTI) would focus instead on recouping billions of dollars hidden from…
Mario Tama/Getty Images Stocks fell Wednesday as Wall Street sweats over global growth prospects and a bond selloff. The 2-year yield hit its highest level since 2008. Trade-sensitive industrial stocks also fell as tensions between Washington and Beijing persisted. Stocks fell Wednesday as concerns about global economic growth and ongoing trade tensions continued to hang…
Chinese stocks took a hammering Monday as traders returned to work after a weeklong holiday in the world's second-largest economy. Losses on major indexes in mainland China were as high as 4.8% in a major market rout, with the China A50, which includes major companies from both the Shenzhen and Shanghai indexes, as the biggest…
It rained for most of my time with the Jetta in DC, so some of these are going to be VW's stock images. (Expect to see more of this—it was an epically wet summer, in fact. Which is why more people need to start driving BEVs and taking public transport, but that's a rant for…
Paulo Whitaker/Reuters US equity markets were under pressure Thursday as the 10-year yield touched its highest level since the spring of 2011. Selling weighed heaviest on the tech-heavy Nasdaq, which saw losses in excess of 2%. Super Micro Computers crashed more than 50% after it was reported that Chinese spies implanted tiny chips in server motherboards…
PALU, Indonesia (Reuters) - International efforts to help survivors of Indonesia’s devastating earthquake and tsunami gathered pace on Thursday as concern grew for hundreds of thousands with little food and water, six days after disaster struck. A ship is seen stranded on the shore after an earthquake and tsunami hit the area in Wani, Donggala,…
Sen. Bernie Sanders' bill meant to go after Amazon and other large companies remains stuck in congressional limbo. The bill has not been brought up in any committee or received any hearing. But Amazon's announcement Tuesday that the company would increase its minimum wage for all workers to $15 an hour means Sanders has already…
Amazon Wages Jeff Bezos’s boosting of hourly wages, to a minimum of $15 in the U.S. and £9.50 in the U.K., is the result of two factors, according to the Guardian‘s Larry Elliott. The first is political pressure from Bernie Sanders and Donald Trump in the U.S., and unions and the clergy in the U.K.…
