Donald Trump says China talks going well and turns fire on EU September 3, 2019 US President Donald Trump has said his country is “doing very well” in its negotiations with China and urged Beijing to reach a deal before the 2020 presidential elections. Read more: US-China trade war escalates with fresh tariffs He said that if a trade deal was still under discussion and he won the election, he [...]
Sebastian Soderberg battled his demons to break his European Tour duck and pip world No1-in-waiting Rory McIlroy September 2, 2019 Sebastian Soderberg would have been forgiven for thinking his chance to win a first European Tour title at the 50th attempt had gone when he three-putted and bogeyed the 17th hole of the European Masters on Sunday. Had the 28-year-old Swede made par he could have played the final hole with a degree of comfort. [...]
Asian stocks slip after US-China trade war escalates with fresh $110bn tariffs September 2, 2019 Asian stocks stumbled overnight after the US escalated its trade war with China, with a series of fresh tariff hikes on goods amounting to roughly $110bn (£90.5bn). Tokyo’s Nikkei index fell 0.41 per cent, while Hong Kong also fell 0.76 per cent. Shanghai’s SSE Composite index rose 1.31 per cent, however, while South Korea’s main [...]
Uber’s quiet cabs are sapping our social skills August 30, 2019 Uber’s recent move to offer passengers a “quiet preferred” option sparked a lively debate online, with some praising the move and others sharing stories of overly chatty drivers disturbing their journeys. Others bemoaned the change, branding it “dehumanising” for the drivers and “entitled”. Whatever side of the fence you sit on, there’s no denying that [...]
DEBATE: Is Bill Dudley right to argue that central bankers should fight back against politicians like Trump? August 29, 2019 Is Bill Dudley right to argue that central bankers should fight back against politicians like Trump? Vicky Pryce, former joint head of the Government Economic Service, a board-member of CEB,R and co-author of It’s the Economy, Stupid, says YES. At first reading, former Federal Reserve policymaker Bill Dudley seems to be making a political statement. [...]
Global stock markets dragged down as recession warning lights flash August 28, 2019 US stock markets have opened lower as a recession warning light continues to flash over the American economy. Read more: Sterling could hit 35-year low on no-deal Brexit worries They followed their European counterparts, which were also affected by news that UK Prime Minister Boris Johnson is set to suspend parliament in what critics are [...]
US consumer confidence dips as expectations about economy fall August 27, 2019 US consumer confidence fell slightly in August following an increase in July, according to a closely-watched gauge, as expectations about the economy’s short-term prospects declined. Read more: Fed will ‘act as appropriate’ to maintain US expansion, vows chair Jay Powell Nonetheless, the drop in confidence was less than economists had predicted as consumers remain relatively [...]
Meet Par Hedberg – the godfather of Sweden’s tech startups August 27, 2019 If you were asked where the most tech innovation comes from, you’d probably answer Silicon Valley – the home of Google, Amazon and Facebook. And you’d be right. But what you might not know is that Stockholm is a close second. The Swedish capital produces more billion-dollar companies per capita than any other region in [...]
Rory McIlroy gave golf a reminder of what he can do even against the very best at the $15m FedEx Cup finale August 26, 2019 Heading into the FedEx Cup Playoffs it looked like being a battle between Brooks Koepka and Rory McIlroy for the $15m prize – and so it proved, with those two in the final group at the Tour Championship on Sunday. McIlroy scooped golf’s biggest winners’ cheque with a sublime round of 66 to cap a [...]
Donald Trump Twitter tirade against China sends stock markets tumbling August 23, 2019 US President Donald Trump has further escalated his administration’s trade war against Beijing with a Twitter outburst that ordered American companies to return “home” from China. Read more: Fed will ‘act as appropriate’ to keep US economy growing, says chair Powell Trump’s tweets came just hours after Beijing announced it would apply tariffs to $75bn [...]