Bloomberg With a Nafta deal on the table — and a bullet dodged for the auto sector — the clock is ticking for the next key trade talks for Canada’s steel and aluminum industries. After a marathon weekend of discussions, negotiators secured a deal to replace the 24-year-old Nafta agreement just before the deadline. However, the steel and aluminum tariffs ...
Read More »Clouds part for US farmers as new deal secures exports
Bloomberg After months of negative news, American farmers rejoiced as the US finally secured a trade deal with both Canada and Mexico. The pact comes just as US growers are harvesting mammoth corn and soybean crops and domestic meat production balloons. The outlook for big supplies combined with trade tensions, especially with China, had sparked a prolonged rout for agriculture ...
Read More »UK sees post-Brexit immigration system tied to trade pacts
Bloomberg The UK government envisages a post-Brexit immigration system that treats all nations equally, but gives ministers the flexibility to tailor rules for countries striking trade deals. High-skilled workers will be prioritised and low-skilled immigration curbed under new rules announced by Prime Minister Theresa May on Tuesday, a day before her leader’s speech at the Conservative Party annual conference. May ...
Read More »BMW’s new 3-Series sedan comes with tech array to battle Mercedes
Bloomberg BMW AG has packed its revamped 3-Series sedan with tech gadgetry like smartphone entry, auto-reverse and an in-car assistant that learns drivers’ routines, aimed at delivering a crucial sales bump after growth slowed. The best-selling model, unveiled at the Paris car show and available in March, demonstrates how manufacturers have moved away from luring customers with luxurious trimmings and ...
Read More »San Francisco leads US in wage growth
Bloomberg America’s tech hub is leading the country in wage growth, according to a new report. San Francisco saw wages rise 3.9 percent since last September, bringing median base pay to $70,361 per year, according to Glassdoor Inc.’s Local Pay Report, which tracks wage growth for certain full-time employees in 10 cities thro-ugh an analysis of anony- mous salary data. ...
Read More »China’s beltway bubble makes trade truce harder
Beyond retaliating with more tariffs and ads in Iowa newspapers, Chinese leaders have yet to devise a coherent strategy for contending with US President Donald Trump’s escalating trade war. Perhaps they can’t figure out what his divided and erratic administration actually wants. Or maybe they’re so dead set on pursuing their own economic agenda that they just don’t care. There ...
Read More »IMF’s new chief economist a great choice
Having followed Gita Gopinath’s work closely for several years, I am delighted the International Monetary Fund appointed her to head its influential research department as chief economist. Gopinath, a professor of International Studies and Economics at Harvard University and co-director of the International Finance and Macroeconomics program at the National Bureau of Economic Research, brings expertise, insights and cognitive diversity ...
Read More »Central banks can’t save you in the next recession
EWarning: Steep grade ahead. When the US economic expansion reverses, and when emerging markets start to slip faster, the world’s central banks may not be able to help. Of course, the next recession may not be another “great recession.†And I’m not predicting it’s imminent. For now the Federal Reserve is continuing to raise interest rates on schedule, and Europe ...
Read More »The European court ruling that could break internet
Early next year, the European Union’s highest court is expected to rule on one of the internet’s most controversial topics: the right to be forgotten. The judges should curb their ambition, lest they open a can of worms that will spill well beyond Europe. The right, enshrined in privacy law, allows Europeans to demand that information about them be removed ...
Read More »Last week showed that US is living under a volcano
America watched three searing versions of reality television this week. They all demonstrated that under the glare of the lights and the stress of questioning, character reveals itself. Christine Blasey Ford was a startlingly powerful witness before the Senate Judiciary Committee, in part because she had been unknown to most Americans before the cameras started rolling. Her answers were clear ...
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