Friday, July 30, 2021
Will a trade war crush the Chinese economy? Unlikely, said a panel of experts speaking at the Fortune Global Forum in Toronto on Monday. “The US-China conflict—it’s not a positive, it’s not something that is going to help growth [in China] but neither is it going to necessarily impact the overall macro economy,” said Jonathan…
Enlarge / Barley grain used in the production of beer at the Asahi Kanagawa Brewery in Japan Tomohiro Ohsumi/Bloomberg/Getty ImagesThere's nothing quite like putting your feet up after a long, hot summer day and enjoying a refreshing cold brew if you're a beer lover. But a warming climate could give rise to global barley shortages,…
(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…
Behold, America: The Entangled History of “America First” and “the American Dream”. By Sarah Churchwell. Basic Books; 368 pages; $19.99. Bloomsbury; £20. Get our daily newsletterUpgrade your inbox and get our Daily Dispatch and Editor's Picks. IT IS common for historians to examine the actions of great men. Sarah Churchwell, a professor of American literature…
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…
A trade war with China carries “dangerous” long-term risks because companies and nations may pull back from doing business with the U.S., former Treasury Secretary Henry Paulson said. “The question really is: Is China going to start looking for new markets for which they’re going to buy soybeans?” Paulson said Thursday in an interview with…
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…
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…
Image copyright Reuters Image caption The sanctions relate to China's purchase of 10 Russian Sukhoi Su-35 fighter jets China has told the US to withdraw sanctions on its military over purchases of Russian jets and missiles or "bear the consequences".The US says China has contravened US sanctions on Moscow introduced over Russian actions in Ukraine…
The U.S. will be a dominant force in global oil and gas markets for many years to come as the shale boom becomes the biggest supply surge in history, the International Energy Agency predicted.By 2025, the growth in American oil production will equal that achieved by Saudi Arabia at the height of its expansion, and…