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For more than two years, markets have priced in a lot less monetary tightening than was signalled by the Federal Reserve’s “blue dots,” which represent the expectations of individual members of the Open Market Committee for the future path of interest rates. The surprise election of Donald Trump is likely to affect this divergence for two distinct reasons, and the ...

  In the wake of the U.S. presidential election result, EU leaders are placing an even greater premium on solidarity. So in this topsy-turvy year, here’s another sobering thought to consider: Robust growth of the U.K. economy since the Brexit vote could be bad news for both the country and the continent. Let me explain. The economic picture in Britain ...

  First, the good news. Carbon dioxide (CO2) emissions have stayed nearly the same for three years till 2015 at 36.3 billion tonnes. It will rise only by 0.2 percent by this year-end. Now, the bad news. Despite the levelling off of CO2 emission, it is not enough to check global warming and tackle climate change. The annual Global Carbon ...

  With globalization receding and China’s economy slowing down, there’s speculation that the Asia boom is over. It isn’t. The ascension of China and India continues to be the most important economic story in the world. To get a picture of how important these countries are, it helps to look at how much they’ve mattered in recent years. Here is ...

  Are U.S. authorities being overzealous in their efforts to extract money from corporate miscreants? Actually, the right question might be why, despite the advent of multi-billion-dollar penalties, companies keep breaking the law. A new batch of fines — most notably the Justice Department’s $14 billion opening bid to settle the mortgage-related transgressions of Germany’s Deutsche Bank AG — has ...

  Noah Smith Earlier this year, the U.S. Census Bureau delivered some good news. Finally, after years of what seemed like a sluggish and uncertain recovery, American incomes were rising strongly again. Median household income jumped by more than 5 percent in 2015, and the lion’s share of the gains went to middle-class and lower-income folks. Employment rose strongly, and ...

  Beijing / AFP China’s retail sales growth slowed last month, government data showed Monday, in a worrying sign for domestic demand in the world’s second-largest economy. Retail sales in October grew 10 percent from a year earlier, missing expectations for sales to match the previous month’s pace of 10.7 percent, the National Bureau of Statistics (NBS) said. Other data ...

  Bloomberg Vodacom Group Ltd., Africa’s biggest wireless operator by market value, reported a 4.1 percent increase in first-half sales as strong growth in its home market of South Africa offset falling customer numbers in some international businesses. Sales rose to 40.2 billion rand ($2.8 billion), while service revenue growth was 5.3 percent, led by the addition of 2.3 million ...

  Bloomberg American Apparel Inc. filed for bankruptcy less than a year after ending its first stint under court protection, and agreed to sell the brand to Gildan Activewear Inc., a Canadian maker of T-shirts and underwear, for about $66 million. American Apparel filed for protection from creditors Monday, Gildan said in a statement. The Montreal-based company said it’s not ...

  Emirates Business This week, Etihad Airways, the global airline partner of 15 Taste Festivals across the world, brought world-class chefs to Taste of Abu Dhabi to compete in the final ‘Taste the World’ competition. On the last day of the festival, Etihad Airways’ Chief Executive Officer, Peter Baumgartner, awarded chef André Gerrits of Dutch farm restaurant ‘t Amsterdammertje with ...