Economists are united about Trump’s trade folly May 14, 2019 In George Bernard Shaw’s words, if all the economists were laid end to end, they’d never reach a conclusion. Scour the pool of practitioners of the dismal science, and you will find supporters and detractors for almost every economic theory, from free markets to socialism. The one exception, however, is protectionism. Whether from the left [...]
Economists pour cold water on Trump’s tariff arguments May 13, 2019 Economists have said US President Donald Trump’s argument that American consumers will not face higher prices after tariff increases shows “a fundamental misunderstanding of how tariffs work”. Read more: China retaliates with tariffs on $60bn of US goods Trump tweeted today: “Their [sic] is no reason for the U.S. Consumer to pay the Tariffs, which take [...]
Why did Lush, Apple and Wetherspoons quit Twitter? May 13, 2019 Tapping into a dissatisfaction with social media, cosmetics firm Lush recently announced that it would move away from it, justifying its decision by drawing attention to the financial and ethical cost of using social media. The move marks Lush as the latest brand to take a new approach online. It’s a global brand, whose environmentally-conscious [...]
Twitter suspends 166,000 accounts in battle against online terrorism May 9, 2019 Twitter suspended more than 166,000 accounts in the last six months of 2018, it revealed today, as it makes progress on battling terrorism on its platform. Read more: Facebook bans Alex Jones and Milo Yiannopoulos The number of users banned from the social network amounted to a 19 per cent drop from the first half of [...]
Chinese exports unexpectedly fall as pressure builds to reach trade deal with US May 8, 2019 China’s gigantic trade surplus unexpectedly narrowed in April, as the country’s exports fell 2.7 per cent year-on-year in a sign that pressure from the US was hurting the Chinese economy. Read more: Global markets in tailspin after Trump threatens huge China tariff rise Imports fared better, however, rising four per cent in April after a [...]
Watchdog bans Paddy Power ‘anti-loyalty’ ad starring Ryan Giggs’s brother May 8, 2019 The advertising watchdog has banned a Paddy Power advert starring the brother of former Manchester United footballer Ryan Giggs over complaints it glamourised gambling. The TV campaign, which promoted the betting firm’s rewards scheme, featured Rhodri Giggs in a pub and later driving a sports car. Read more: Vodafone broadband advert banned by watchdog for [...]
Global markets in tailspin after Trump threatens huge China tariff rise May 7, 2019 US President Donald Trump’s latest threat to ramp up tariffs on Chinese goods rattled global markets yesterday at the start of a crunch week of negotiations between the White House and Beijing. Trump tweeted over the weekend that tariffs on $200bn (£153bn) worth of goods from China would be cranked up to 25 per cent [...]
Global markets in tailspin after Trump threatens huge China tariff rise May 7, 2019 US President Donald Trump’s latest threat to ramp up tariffs on Chinese goods rattled global markets yesterday at the start of a crunch week of negotiations between the White House and Beijing. Trump tweeted over the weekend that tariffs on $200bn (£153bn) worth of goods from China would be cranked up to 25 per cent [...]
Tory grandee Boris Johnson accused of pretending to vote in local elections May 3, 2019 Boris Johnson has been ridiculed for allegedly pretending to vote in the local elections on Thursday, despite none being held in his constituency of Uxbridge and South Ruislip. "I just voted Conservative in the local elections. Make sure you do too! You’ve got two hours left to get out and vote!", Johnson tweeted. Read more: Brexit [...]
Tory grandee Boris Johnson accused of pretending to vote in local elections May 3, 2019 Boris Johnson has been ridiculed for allegedly pretending to vote in the local elections on Thursday, despite none being held in his constituency of Uxbridge and South Ruislip. "I just voted Conservative in the local elections. Make sure you do too! You’ve got two hours left to get out and vote!", Johnson tweeted. Read more: Brexit [...]