British Prime Minister Theresa May met US President Donald Trump on Friday to garner support as UK is poised to leave European Union. May fared well in meeting with Trump, who promised her what the former demanded. She returns with Trump’s promise to seek an early trade deal with Britain once it leaves the European Union, a commitment from …
Read More »Opinion
Behavioural economics isn’t dead yet
Just a few years ago, many were proclaiming the decline of behavioural economics. In 2009, the well-known game theorist David Levine delivered a lecture called “Is Behavioural Economics Doomed?,†in which he casts doubt on some prominent behavioural theories. In a few fields, such as finance, behavioural ideas have gone mainstream; in others, like game theory, interest is slowly …
Read More »EBay should drop some serious cash on deals
Ebay Inc. has managed to right the ship. Now it’s time to get sailing.Shares in the e-commerce company rose 9 percent in after-hours trading as investors cheered a fourth-consecutive quarter of sales increases. Maintaining a full year of gains helped quiet concerns that without PayPal Holdings Inc., the subsidiary it split from in 2015, eBay would be left for …
Read More »After Brexit, the UK’s future is creative
As UK Prime Minister Theresa May tries to show the world that Brexit won’t be a disaster, it’s useful to consider what the UK can actually offer the world once it’s deprived of its European Union crutches. Perhaps its eventual role is to be the world’s quirky creative hub: That core competence won’t go away with Brexit, and it …
Read More »Trump’s economic approach starts to take shape
It is still early days, but a picture of the economic policy approach favored by President Donald Trump is gradually coming into focus. Here are some of its key features as signaled by the words and actions of the administration in its first week in office: It is targeting higher growth and greater job creation using what can be …
Read More »Bitcoin freedom lovers, say thanks to China’s communists
Bitcoin investors can thank China for popping a bubble in the digital currency. The 10-day volatility of bitcoin dropped 50 percent in a matter of days after authorities stopped leveraged bets and, on Monday, nudged exchanges to start charging transaction fees. The squeeze began in the first two weeks of January when a spike that took the currency’s price …
Read More »Trump’s first trade deal should be with Japan
Even as he puts a stake through Barack Obama’s ambitious, 12-nation trade pact with Asia, President Donald Trump has signaled he’s willing to strike narrower bilateral deals in the region. His first one should be with Japan. To be clear, any bilateral deal would be far inferior to the Trans-Pacific Partnership, which would have not only lowered barriers to …
Read More »Loss of Pacific trade deal is China’s gain
With a stroke of a pen, US president Donald Trump withdrew America from the Trans Pacific Partnership (TPP). Trump argues it will benefit US companies and workers. In fact, the decision will have adverse effect. And he made is clear that he is not going to deviate from his protectionists promises. Trump pat his back after signing an executive …
Read More »Multi-speed inflation poses an ECB dilemma
The European Central Bank has spent the last few years battling the threat of deflation with a combination of negative interest rates and a bond-buying splurge. There’s now enough evidence to suggest ECB President Mario Draghi should at last acknowledge that inflation has returned. But even if he does, the fissures underlying the euro zone economy will prevent the …
Read More »Line needs more globalization
One of the reasons for Line Corp. to list its shares in both Tokyo and New York was to broaden its international scope. It’s not working. The social-networking company’s fourth-quarter operating profit missed analysts’ estimates by 70 percent, with many pointing to declines in gaming and digital content revenue. But there’s an even deeper reason for the disappointment. Investors …
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