Thursday, September 23, 2021
AFTER WHAT had seemed an endless period of delay and crunches evaded, this week Theresa May at last presented a draft Brexit deal agreed by negotiators in Brussels. The prime minister steered it through a lengthy cabinet meeting on November 14th. Yet the following morning her own Brexit secretary, Dominic Raab, quit in protest. Others…
THE OIL PRICE was supposed to be soaring around now. With American sanctions against Iran taking effect earlier this month, exports from Iran, the world’s fourth-largest producer of crude oil last year, were expected to shrink to close to zero. In anticipation the oil price went above $86 in early October, a four-year-high, and some…
OF THE various things Britain’s government has got wrong in its Brexit negotiating strategy, perhaps the most enduring is the belief that it could drive a wedge into the ranks of the remaining 27 members of the European Union. A favourite early mantra of Brexiteer MPs was that German carmakers would pressure Angela Merkel to…
Enlarge / A general view of Laguna Colorada located near the border with Chile, in the Uyuni salt flats, Bolivia. The Uyuni salt flats are estimated to contain 100 million tons of lithium, making it one of the largest global reserves of this mineral, according to state officials at the Bolivian Mining Corporation. MARTIN BERNETTI/AFP/Getty…
Alibaba Group Holding Ltd. logged 10 billion yuan ($1.44 billion) of sales volume in the opening minutes of its annual Singles’ Day extravaganza, outpacing last year’s start as shoppers around the world swarmed the e-commerce giant’s online bazaars. China’s largest company, which is trying to drum up business via a concurrent televised entertainment spectacle featuring…
IN HIS trade war with China, President Donald Trump appears to have the upper hand. The new tariffs his administration unveiled this week, which will raise the share of Chinese imports subject to levies to at least 44%, are unlikely to dampen America’s sizzling economy, or to boost inflation by much. Though some firms will…
Image copyright HoC The UK is "significantly closer" to delivering on the result of the Brexit vote, Theresa May has told MPs.She told the Commons it would give the UK control of borders, laws and money - and also protect business and jobs. The PM is now in a crucial cabinet meeting where she is…
(Reuters) - U.S. stocks fell on Monday as an increase in tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs, following the main three indexes’ biggest weekly declines in over seven months. Traders work on the floor of the New York Stock Exchange (NYSE) in…
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…
Image copyright Getty Images Image caption Carlos Ghosn is head of the Alliance, which includes Nissan, Renault and Mitsubishi Nissan chairman Carlos Ghosn has been arrested over claims of financial misconduct, the carmaker has said.Mr Ghosn, a towering figure in the car industry, will be sacked from the Japanese firm after a board meeting on…