June, 2018

• 24 June

  EU seeks consensus on migration

  

  Bloomberg European leaders gathered in Brussels on Sunday for an informal meeting aimed at paving the way to a deal on the management of migration, amid an escalating crisis that threatens to unravel the bloc’s passport-free travel area and dissolve Germany’s governing coalition. “This is not about the survival of a chancellor,” Luxembourg Prime Minister Xavier Bettel said. “It’s about ...

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• 24 June

  EU nearing trade breakdown

  

  Bloomberg The global trade war is about to get worse, as the rules-based system of international commerce is poised to revert to an environment where the strong impose their will upon the weak, according to an internal memo circulated among European Union governments. The disputes between the US and its closest trading partners are set to escalate “in the coming ...

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• 24 June

  Trade is an afterthought in stock market still glued to earnings

  

  Bloomberg Of all the forces swaying equity prices, earnings expectations are the hardest to see. They don’t make headlines, are difficult to quantify and get lost in the din around trade wars and politics. Yet ignoring them is to miss the biggest part of what influences the market — the force that keeps the peace in a week like this. ...

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• 24 June

  Bitcoin approaches year low as Japan cracks down on venues

  

  Bloomberg Bitcoin extended losses as it approached the lowest price for the year after Japanese regulators hit six of the country’s biggest cryptocurrency trading venues with business-improvement orders. The biggest virtual currency fell as much as 10 percent to $6,045.31, testing the low for the year of $5,922 that was set on February 6, according to prices compiled by Bloomberg. ...

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• 24 June

  Trump’s trade war raises risk of slowdown in US economy

  

  Bloomberg The escalating trade battle between the US and the rest of the world is raising the risk of a meaningful slowing in an otherwise vibrant American economy. While the tariffs already in place and set to be implemented will barely dent US growth, economists say the panoply of additional measures being considered would take a perceptible bite out of ...

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• 24 June

  Euro-area economic growth gathers pace in June as risks persist

  

  Bloomberg Economic momentum in the euro area unexpectedly picked up in June, suggesting the 19-nation bloc is starting to recover from a temporary soft patch just as risks to the outlook increase. Private-sector growth also gathered pace in the region’s two largest economies, Germany and France, underpinning the European Central Bank’s prediction that a rebound — even if it arrives ...

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• 24 June

  Car tariffs: Europe ready to retaliate

  

  Bloomberg The European Union says it will continue a tit-for-tat escalation in its trade dispute with the US while countering President Donald Trump’s assertion that the US is being treated unfairly by the 28-nation bloc. Jyrki Katainen, the EU commissioner in charge of jobs and growth, told the French newspaper Le Monde in a story posted that if Trump applies ...

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• 24 June

  Apple challenges four Qualcomm patents

  Bloomberg Apple Inc. filed petitions challenging four Qualcomm Inc. patents, dragging the US Patent and Trademark Office into a long-running licensing dispute that already spans the globe. The two are locked in a bitter fight over the amount of royalties Apple’s suppliers should pay to use Qualcomm’s technology on telecommunications. Billions of dollars are at stake. A hearing in one ...

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• 24 June

  High-flying Toronto condo market may soon hit turbulence

  

  Bloomberg The chill that has crept over some segments of the Toronto housing market may soon extend to one of its persistent hot spots: condominiums. Evidence of a slowdown is emerging as new rules make it tougher to get a mortgage and borrowing costs rise for the first time in almost a decade. That’s reducing the appeal of Toronto condos, ...

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• 24 June

  Losing the trade war

  

  If we are to have a ‘trade war’ with China, it would be best to win it. We should be better off after the fighting. Unfortunately, the chances of this happening seem slim to none, because President Trump’s plan of attack suggests that everyone — us and them — will lose. Interestingly, there’s broad agreement over some of our war ...

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