A trade war between America and China takes shape

A trade war between America and China takes shape

TALK of tariffs is in danger of developing into cries of trade war. On April 3rd America published a list of some 1,300 Chinese products it proposes to hit with tariffs of 25%. Just a day later China produced its own list, covering 106 categories. “As the Chinese saying goes, it is only polite to […]

U.S. expects talks with China as trade fight escalates

U.S. expects talks with China as trade fight escalates

WASHINGTON/BEIJING (Reuters) – The United States voiced willingness on Wednesday to negotiate a resolution to an escalating trade fight with China after Beijing retaliated against proposed U.S. tariffs on $ 50 billion in Chinese goods by targeting key American imports, but the Chinese ambassador to Washington said it “takes two to tango.”(Graphic: U.S. trade in […]

Wakandanomics

Wakandanomics

“THIS will require a quick lesson in global economics…bear with me,” says Erik Killmonger, the muscular villain in “Black Panther”, a long-running Marvel Comics series. In that saga and the recent film it inspired, Killmonger and the Black Panther vie for the throne of Wakanda, a fictional African kingdom little known to the outside world. […]

Gulliver’s most popular posts on the world of travel

Gulliver’s most popular posts on the world of travel

TODAY is a very special day for Gulliver, for it is ten years to the very day since his column at The Economist opened for business. Since then, much has changed in the world of travel. A barrel of oil is now worth a tad over $ 60, instead of around the $ 100 mark […]

As corporate-government tax pacts falter, Coca-Cola challenges huge U.S. bill

As corporate-government tax pacts falter, Coca-Cola challenges huge U.S. bill

WASHINGTON (Reuters) – Coca-Cola Co (KO.N) thought it had a deal with the U.S. Internal Revenue Service on how much the company charged foreign affiliates for the rights to make and sell Coke products abroad. Bottles of Coca-Cola are seen at a Carrefour Hypermarket store in Montreuil, near Paris, France, February 5, 2018. REUTERS/Regis Duvignau […]

Trump attacks Amazon, again, over U.S. postal rates

Trump attacks Amazon, again, over U.S. postal rates

(Reuters) – U.S. President Donald Trump launched his second attack in a week on Amazon.com Inc on Saturday, accusing the world’s biggest online retailer of getting unfairly cheap rates from the U.S. Postal Service and not paying enough tax. Trump’s comments on Twitter reiterated criticisms he made on Thursday about the company. He may have […]

U.S. funds recommend switching cash into bonds in March: Reuters poll

U.S. funds recommend switching cash into bonds in March: Reuters poll

BENGALURU (Reuters) – U.S. fund managers switched recommended global portfolios slightly more in favor of bonds in March, in part on concerns trade barriers between the world’s two biggest economies may escalate to a broader trade war, a Reuters poll found. A specialist trader is reflected on his screen on the floor of the New […]

Global funds cut stock exposure to four-month low amid trade war fears

Global funds cut stock exposure to four-month low amid trade war fears

LONDON (Reuters) – Spooked by brewing trade tensions and a broad reversal in technology shares, global investors have cut their equity exposure to a four-month low this month while reducing their holdings of U.S. stocks to the lowest in nearly two years. Traders work on the floor of the New York Stock Exchange (NYSE) in […]

FANG stocks' bite has U.S. fund managers looking for alternatives

FANG stocks' bite has U.S. fund managers looking for alternatives

NEW YORK (Reuters) – Fund managers have begun to ditch so-called FANG stocks that powered the U.S. stock market to record highs in January and are slowly rotating into commodity-related shares and other value stocks which typically outperform in late-cycle recoveries. Portfolio managers holding shares of Facebook Inc, Amazon.com Inc, Netflix Inc, and Google-parent Alphabet […]

Qantas starts flying non-stop between Australia and London

Qantas starts flying non-stop between Australia and London

WHEN migration from Europe to Australia first got going in the 19th century, it would take several months to get there by ship. Even by the end of the second world war, the trip would still take over 30 days. But in 1947 Qantas, Australia’s flag carrier, cut the time it took to fly between […]

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