‘Presidential candidate’ seeks third way in Brazil

Bloomberg With Brazil’s politics in meltdown, a softly-spoken, mixed-race woman from a remote Amazonian province believes she can lead Latin America’s largest economy after two failed presidential bids. Marina Silva, a former environment minister born into a poor rubber-tapping family, argues that after years of high unemployment, grinding recession and corruption scandals, Brazilians are hungry for change in the country’s ...

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Neo-isolationism won’t work in era of globalism

On this July Fourth, America has taken a turn for the worst. The great delusion of Donald Trump’s presidency is that we can thrive by embracing nationalism even though major economic and political events are increasingly driven by international forces. Trump is an isolationist in an era of globalism. It won’t work. Keep this in mind on the Fourth. Let ...

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Australia’s economic run is flagging

The golden age of Australian economic growth may have passed. Continuing a run of over 25 years, the expansion most likely clocked another quarter of gains in gross domestic product in the three months to June 30. But that run looks tired, and the weight of many challenges has accumulated. The most significant are two related shifts. The first is ...

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For Tesla, the best of times, the burst of times

“Burst week” has quickly established itself as a highlight of the Tesla calendar. It’s like Thanksgiving, except it happens once every three months and everyone works twice as hard. Tesla Inc. on Monday morning announced the number everyone’s been waiting for: In the last seven days of June, the electric vehicle maker churned out 5,031 Model 3s, finally delivering on ...

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Europe is stemming the tide of plastic pollution

The European Commission’s proposal to ban plastic straws, plates, cutlery and drink stirrers, and slash the consumption of many other single-use products, is more than just a nice, novel idea. It’s a step urgently needed from every country — as plastic trash pours into the oceans at the rate of almost 9 million tons a year. The flood of trash ...

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China’s foreign investment door opens, but only barely

When is a loosening of foreign investment rules not really a loosening of foreign investment rules? When China’s doing it in the face of a brewing trade war. The country’s latest so-called “negative list” issued last week, which comprises a group of industries where foreign businesses are either prohibited from investing or restricted to joint ventures with a degree of ...

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Amazon closes on Apple in the $1 trillion stakes

In the battle for the first company to reach and sustain $1 trillion in stock market value, don’t count out a come-from-behind victory. Apple Inc. has had a lock on its spot as the world’s most valuable public company by stock value for several years, and we’ve been waiting for it to crest the $1 trillion market cap milestone. The ...

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Innovation can’t fix urban transportation’s woes

Urban transportation is undergoing a revolution. Offerings such as Uber and Lyft, as well as car- and bike-sharing services are widely believed to reduce congestion and generally make urban dwellers more mobile; driverless cars are expected to provide further benefits. Yet the notion that these innovations always make things better is far from a given: The new services are a ...

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Stocks climb as China says ‘won’t use yuan as a weapon’

Bloomberg US stocks rose with European shares on Tuesday after China said it won’t use the yuan as a weapon in any trade dispute. Oil briefly rose above $75 a barrel for the first time since November 2014. All major US benchmarks were higher, paced by strength in energy, on lighter than normal volume heading into the US. Telecom companies ...

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Oil surges above $75 as supply outages outpace OPEC

Bloomberg Crude soared above $75 a barrel in New York for the first time since 2014 on signs global supply outages outweigh OPEC’s pledged production rise. Futures in New York jumped as much as 1.7 percent. Even as US President Donald Trump — facing sky-high retail gasoline prices ahead of midterm elections — urges to boost output more than it ...

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