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Bloomberg The Trump administration reiterated its goal to reduce the trade deficit with its NAFTA partners in revised negotiating objectives, while adding in proposals it made during talks that were opposed by Canada and Mexico. The US wants reciprocal market access for manufactured goods as part of its push to improve its trade balance with Canada and Mexico, the office ...
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November, 2017
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19 November
New SUVs offset UK drag on Europe car sales
Bloomberg New sport utility vehicles like the Peugeot 5008 and a jump in demand in France helped revive European car sales in October, offsetting another month of consumer unease in the UK on big-ticket purchases. Registrations rose 5.9 percent from a year earlier to 1.21 million vehicles, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said in a statement. This ...
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19 November
US Thanksgiving travel to jump in 12 years
Bloomberg US Thanksgiving travel will jump to the highest level since 2005 boosted by a stronger economy, even as gasoline prices will be higher than a year earlier. About 50.9 million Americans will journey 50 miles or more from home for the November 22-November 26 holiday period, the ninth consecutive increase and a 3.3 percent jump over a year earlier, ...
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19 November
Climate envoys step up pace of work without Trump support
Bloomberg Envoys from almost 200 nations agreed to step up the pace of their work on reining in global warming even without additional help from the world’s richest polluter. Two weeks of discussions organised by the United Nations concluded, after talks were delayed by a grammatical error in the draft text. The delegates, drawn from energy and environment ministries set ...
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19 November
Macron raises pressure on ‘low-cost Europe’
e Bloomberg French President Emmanuel Macron urged European Union leaders to work together to protect living standards and called for financial penalties for those who refuse to play ball. With 27 countries meeting in Gothenburg, Sweden, as Angela Merkel tries to broker a coalition agreement at home in Berlin, Macron said that some members have taken advantage of subsidies from ...
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19 November
Merkel’s bid for next govt hangs by thread
Bloomberg Talks aimed at paving the way for German Chancellor Angela Merkel to unite four parties into her next governing coalition were on a knife’s edge as the clock ticked toward a deadline to avert a political crisis in Europe’s biggest economy. Four hours into the latest round in Berlin, there was little sign an agreement was imminent and even ...
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19 November
Macron’s party elects government spokesman to leadership post
Bloomberg The French government’s spokesman, Christophe Casta- ner, took the helm of Emmanuel Macron’s party, after an election in Lyon. The election of Castaner, a junior minister in charge of relations with parliament, could trigger a cabinet reshuffle. His new party role is seen as mostly honorary, as Macron — who created La Republique en Marche in April 2016 as ...
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19 November
Zimbabwe’s ruling party names Mnangagwa leader as Mugabe fired
Bloomberg Zimbabwe’s ruling party fired Robert Mugabe as its leader and ordered him to resign as president by midday on Monday or face impeachment. It named Emmerson Mnangagwa as the new party leader and presidential nominee for elections due to be held next year. The decisions were taken at a meeting of the Zimbabwe African National Union-Patriotic Front’s central committee ...
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19 November
Free-market failure has been greatly exaggerated
Harvard economist Dani Rodrik has a long and thoughtful essay about the shortcomings of neoliberalism — the economic programme of free markets and free trade. He writes: Economists’ contributions to public debate are often biased in one direction, in favor of more trade, more finance, and less government. That is why economists have developed a reputation as cheerleaders for neoliberalism, ...
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19 November
Killing Korea’s inheritance tax would be a smarter move
South Korea’s corporate watchdog is going after charities that the nation’s family dynasties may have been using to skirt power-diluting inheritance taxes and maintain control, according to a Bloomberg News report recently. That’s a smart move, but an incomplete one. For the crackdown on the $12 billion in foundation money held by chaebol including Samsung Group and Hyundai Motor Group ...
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