President Donald Trump looks on during a bilateral meeting with India’s Prime Minister Narendra Modi on the sidelines of the annual United Nations General Assembly in New York, September 24, 2019. Jonathan Ernst | Reuters The Republican defenses for President Trump’s conduct on Ukraine simply don’t hold up. At first […]
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WTO lowers global trade outlook again amid conflicts
World trade will grow by 1.2% this year and by 2.7% in 2020, the World Trade Organisation (WTO) said on Tuesday, revising an earlier forecast as trade conflicts between the United States and China weigh on global trade. “Trade conflicts pose the biggest downside risk to the forecast but macroeconomic […]
Amid economic challenges, China displays ‘a military show of strength’ at its 70th birthday bash
China‘s splendid display of troops and weapons at its 70th anniversary celebration on Tuesday was “a military show of strength” amid economic challenges, one professor told CNBC. “(China has) got a lot of problems, but today is the day that they want to show an image of great confidence, pride, […]
US-EU tariffs could trigger snowball effect with further retaliation, UN labor agency chief says
Trade tariffs between the U.S. and Europe would precipitate a “snowball effect” and the world may soon enter “very precarious waters” if we don’t acknowledge the benefits that stem from international cooperation, the head of the UN agency for workers and employers told CNBC. Guy Ryder, director general of the […]
Israel’s political deadlock leaves Trump’s Middle East peace plan in limbo
Israeli Prime Minister Benjamin Netanyahu speaks after being tasked by President Reuven Rivlin (not in frame) with forming a new government, during a press conference in Jerusalem on September 25, 2019. MENAHEM KAHANA | AFP | Getty Images An inconclusive ballot in mid-September has thrust Israel back into another period […]
Boris Johnson defends new Brexit plans after EU criticism
Britain’s Prime Minister Boris Johnson leaves his hotel as he prepares to attend the second day of the annual Conservative Party conference at the Manchester Central convention complex in Manchester, north-west England on September 30, 2019. Paul Ellis | AFP | Getty Images U.K. Prime Minister Boris Johnson has defended […]
Why a tech war could endanger autonomous and connected cars
Pony.ai self-driving cars run along a road during a trial run on February 1, 2018 in Guangzhou, China. VCG | Visual China Group | Getty Images If you think the U.S.-China trade war is a problem for smartphones and 5G, spare a thought for autonomous and connected cars. U.S. bipartisan […]
China is not the only one that has to change its business practices, says Yale’s Stephen Roach
President Donald Trump (L) and China’s President Xi Jinping shake hands at a press conference following their meeting at the Great Hall of the People in Beijing. Artyom Ivanov | TASS | Getty Images The U.S. — and other countries — has complained about the difficulties of doing business in […]
This chart shows why the holidays are becoming less important to retailers
Holiday shoppers at a Macy’s store in New York. Source: Getty Images The holiday season is less and less important for retailers, as more shopping moves online, according to a new study. Coresight Research said Tuesday it’s calling for a 4% increase in U.S. retail sales this November and December, […]
EU trade official says Europe ‘must stand up for itself’ in aircraft subsidy fight with US
European Commissioner designate for Trade Phil Hogan arrives for his hearing at the European Parliament on September 30, 2019, in Brussels, Belgium. Thierry Monasse | Getty Images The European Union‘s next chief of trade policy said the United States is not yet “in a position” to engage on proposals to […]