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Theresa May’s Brexit plan leaves bankers in the dark

Theresa May’s government has presented its eagerly awaited proposal on the future relationship between Britain and the EU after Brexit. One area that merits careful scrutiny concerns the City of London and financial services, given their weight on the country’s economy and central position in global markets. After the Chequers agreement, it became clear that the UK would want to ...

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Trump’s four rules for conducting a trade war

New tariffs on Chinese imports went into effect only on July 6, so it is too early to say how the trade war is going and which country, if any, will win it. Even the most die-hard free trader should admit that in theory it is possible that the threat of tariffs can induce other countries to make concessions that ...

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Dying to survive, China shows the way on drug prices

US President Donald Trump exulted this week over Pfizer Inc’s decision to delay planned drug price increases a day after he attacked the company on Twitter. He should take a look at China, where President Xi Jinping has done much better. Over the past two weeks, the US pharmaceutical giant quietly cut the prices of more than a dozen of ...

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