German foreign minister calls for an international payments network that is independent of the US August 22, 2018 Germany chancellor Angela Merkel today stopped short of backing her foreign minister's call for Europe to create an international payments network separate from US involvement in a bid to save the west's nuclear deal with Iran. Saying that Europe and the US have “drifted apart for years”, Heiko Maas described it as "essential" that Europe establish a European Monetary Fund and an [...]
Markets hold their breath as US and Chinese trade talks resume August 22, 2018 Trade negotiations between the US and China are set to resume today in a bid to avert a trade war between the world's two largest economies. Treasury undersecretary David Malpass will meet Chinese Commerce vice minister Wang Shouwen, continuing discussions through to tomorrow. While President Donald Trump said earlier this week he did not "anticipate much" [...]
Vice Media’s online food brand Munchies is to expand its physical presence with a food hall venture August 21, 2018 Munchies, the online food channel owned by Vice Media, is to expand its presence in the physical world. The publisher has agreed to a brand licensing contract for a food hall at American Dream Meadowlands, a retail complex an under construction in New Jersey. Agreed between the online brand and the centre owner, Triple Five [...]
Dollar slides after President Trump’s criticism of the Federal Reserve August 21, 2018 President Trump’s criticised the US Federal Reserve yesterday, prompting a downward slide of the dollar to its lowest level for nearly a fortnight. The president commented that he was unhappy with interest rate increase pursued by the Fed and singled out chairman Jerome Powell. “I’m not thrilled with his raising of interest rates, no. I’m not [...]
