Bloomberg The UK government envisages a post-Brexit immigration system that treats all nations equally, but gives ministers the flexibility to tailor rules for countries striking trade deals. High-skilled workers will be prioritised and low-skilled immigration curbed under new rules announced by Prime Minister Theresa May on Tuesday, a day before her leader’s speech at the Conservative Party annual conference. May ...

Bloomberg BMW AG has packed its revamped 3-Series sedan with tech gadgetry like smartphone entry, auto-reverse and an in-car assistant that learns drivers’ routines, aimed at delivering a crucial sales bump after growth slowed. The best-selling model, unveiled at the Paris car show and available in March, demonstrates how manufacturers have moved away from luring customers with luxurious trimmings and ...

Bloomberg America’s tech hub is leading the country in wage growth, according to a new report. San Francisco saw wages rise 3.9 percent since last September, bringing median base pay to $70,361 per year, according to Glassdoor Inc.’s Local Pay Report, which tracks wage growth for certain full-time employees in 10 cities thro-ugh an analysis of anony- mous salary data. ...

Beyond retaliating with more tariffs and ads in Iowa newspapers, Chinese leaders have yet to devise a coherent strategy for contending with US President Donald Trump’s escalating trade war. Perhaps they can’t figure out what his divided and erratic administration actually wants. Or maybe they’re so dead set on pursuing their own economic agenda that they just don’t care. There ...

Having followed Gita Gopinath’s work closely for several years, I am delighted the International Monetary Fund appointed her to head its influential research department as chief economist. Gopinath, a professor of International Studies and Economics at Harvard University and co-director of the International Finance and Macroeconomics program at the National Bureau of Economic Research, brings expertise, insights and cognitive diversity ...

EWarning: Steep grade ahead. When the US economic expansion reverses, and when emerging markets start to slip faster, the world’s central banks may not be able to help. Of course, the next recession may not be another “great recession.” And I’m not predicting it’s imminent. For now the Federal Reserve is continuing to raise interest rates on schedule, and Europe ...

Early next year, the European Union’s highest court is expected to rule on one of the internet’s most controversial topics: the right to be forgotten. The judges should curb their ambition, lest they open a can of worms that will spill well beyond Europe. The right, enshrined in privacy law, allows Europeans to demand that information about them be removed ...

America watched three searing versions of reality television this week. They all demonstrated that under the glare of the lights and the stress of questioning, character reveals itself. Christine Blasey Ford was a startlingly powerful witness before the Senate Judiciary Committee, in part because she had been unknown to most Americans before the cameras started rolling. Her answers were clear ...

The world’s biggest repository of citizen information, India’s Aadhaar database, is now beyond the private sector’s reach. That was the verdict last week by the country’s top court, which refused to strike down the entire biometric-based system as unconstitutional. Now only the government can use it, and that’s a problem. Fulfilling regulatory “know-your-customer,” or KYC, requirements by verifying a bunch ...

Brexit-backing Boris Johnson wants to slash taxes on property purchases in Britain. A rival thinks they should be raised to target foreign buyers – not Jeremy Corbyn, but Prime Minister Theresa May. Neither pitch is convincing. Johnson is wrong to think that cutting stamp duty will fix a housing market that years of cheap mortgages and subsidies have distorted to ...