Opinion

How Tata can keep its hold on JLR

India’s Tata Group should treat the speed bump at Jaguar Land Rover (JLR) as a timely memo: The $102 billion salt-to-software conglomerate can no longer put off listing its closely held parent. UK-based Jaguar Land Rover Automotive Plc is burning cash on electric-vehicle technology just as the double whammy of a Chinese auto slowdown and Brexit threatens margins and sales. ...

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Alibaba’s US deal won’t help Trump’s trade balance

Soon after Donald Trump got elected, a host of Asian business leaders responded by flying to the US to shake his hand and pledge to create more jobs for Americans. Since then, the US president has continued to flay China for the massive trade imbalance between the two nations. It’s been the spur for raising tariffs and dragging Beijing to ...

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Let American people see the Mueller report

Michael Cohen’s appearance last week before the House Committee on Oversight and Reform was surely a spectacle. The former personal lawyer to President Donald Trump, who had spent a decade lunging at anyone who threatened Trump’s image or interests, marshaled his own attack on the president’s character and behaviour. Cohen also documented his testimony with financial statements and canceled checks. ...

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China finds a G-7 ally for Belt and Road initiative

The trading relationship between Italy and China goes back a long time. In the 13th century, Marco Polo, a Venetian merchant and explorer, was the first European to leave a detailed chronicle of his experience in the Far East. For centuries, precious fabrics traveled on the Silk Road from China to the Italian cities of Venice and Lucca, where they ...

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Apple deserves kudos for the gains it made

I’ve been quite harsh towards Apple Inc. for a long time. Having covered the company for close to 15 years, first as a reporter and now a columnist, I’ve spent much time researching and writing about its supply chain and the myriad problems within. Today, though, it’s time to give credit where it’s due. Two of my major beefs with ...

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Will tariffs on India work? Here’s a shiny clue

President Donald Trump has decided that India’s failure to provide “equitable and reasonable” access to its market means it’s no longer eligible to export certain goods duty-free to the US. The 43-year-old US Generalised System of Preferences, the privilege India now loses, is part of a shared commitment by developed countries to promote export-oriented growth in emerging economies. Washington also ...

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Can the Mueller report provide any resolution?

Robert Mueller’s final report should present Congress with a clean choice: Either the facts warrant impeachment of President Trump, or they don’t. That was the promise of Mueller’s appointment as special counsel: He would gather the evidence, and then Congress and the public could make a judgment. In a country with a healthy political system, Mueller’s report would lead to ...

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China’s tax cuts just won’t cut it

Beijing’s tax cuts will do little to lift China Inc. from its malaise. Premier Li Keqiang’s annual work report to the National People’s Congress set out a widely expected cut of 3 percentage points to the top value-added tax bracket of 16 percent and a 1 percentage point cut to the 10 percent bracket. In theory, both are aimed at ...

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Even Germans can’t deny reality in Europe

So, they have been paying attention to the fragile state of Europe’s economy after all. According to a Bloomberg News report, the European Central Bank (ECB) will acknowledge that its own downgrades to the euro area’s growth and inflation forecasts are big enough to justify a change in monetary policy. This is the green light for a new round of ...

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OECD spares the world’s most popular scapegoat

Forecast cutting resembles a business model these days. Another day, another venerable firm or institution reduces projections for economic growth. The Organisation for Economic Cooperation and Development (OECD) is the latest to jump on the bandwagon, citing trade tussles, China’s downdraft and Brexit. On the face of it, the overall picture isn’t dire. The OECD clipped its world-growth forecast to ...

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