Saturday, October 1, 2022
WASHINGTON — The Trump administration on Friday escalated a trade war between the world’s two largest economies, moving ahead with tariffs on $50 billion of Chinese goods and provoking an immediate tit-for-tat response from Beijing. The president is battling on a global front, taking aim at allies and adversaries alike. The United States has levied…
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A bitter stalemate between President Donald Trump and congressional Democrats is expected to hit a new low Thursday, as the Senate prepares to vote on two dueling bills to end the government shutdown. Both appear destined to fail. The votes come after the Senate leaders Mitch McConnell and Chuck Schumer brokered a Tuesday agreement to…
WeWork, the shared workspace company, is taking a pass on meat. The company notified workers that its events will no longer include meat and that it won’t reimburse their meal expenses if those meals include red meat, poultry or pork. WeWork co-founder Miguel McKelvey sent the company’s 6,000 workers around the world a memo that…
IN APRIL THIS year The Economist launched Open Future, an initiative that aimed to start a conversation on liberalism in the run-up to our 175th anniversary. Open Future consisted of online articles, debates, podcasts and films. It culminated in a manifesto for a liberal revival, published on September 15th, and in a one-day event that spanned…
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ReutersWeWork is still waiting for a big chunk of the $9.5 billion bailout it agreed with SoftBank, according to The Real Deal. SoftBank has postponed a $3 billion tender offer scheduled to begin more than a week ago, the real-estate news outlet reported, citing unnamed sources. The holdup is causing "lots of anxiety," a WeWork…
Russians headed to the polls in presidential elections expected to hand Vladimir Putin an easy victory, keeping him in power until 2024.Putin, 65, already Russia’s longest-serving leader since Soviet dictator Joseph Stalin after more than 18 years at the helm, is seeking a fourth term amid an escalating stand-off with the West and economic malaise.“I…
Facebook founder Mark Zuckerberg told a meeting of top executives in June that he would become a more aggressive CEO because the company was at "war," according to the Wall Street Journal. The meeting came at a time when users, lawmakers, and investors were angry over the company's handling of the Cambridge Analytica scandal. The…
The number of commercial jets delivered by Boeing plummeted in the first half of 2019, another sign of the company's nightmare year.It delivered 239 planes in the first six months of the year, 150 fewer than its European rival Airbus' 389 planes.Boeing could lose its status as the world's largest planemaker if the trend continues.Boeing…