“Nobody is getting off the hook for unfair trade balances,” insists Donald Trump. The exemptions and exclusions to the tariffs he has imposed on imports to America would suggest otherwise. His “reciprocal” tariffs announced on April 2nd included a 37-page annexe with exemptions for $644bn-worth of American imports, about a fifth of the total. On…
Oil and gold prices jumped on Monday morning after Israel and Iran traded missile strikes over the weekend, escalating the conflict and threatening to further disrupt global energy markets. Brent crude futures, the international oil benchmark, climbed 2.1 per cent to $75.77 a barrel. Prices for West Texas Intermediate, the US benchmark, rose 2 per cent to $74.46 a…
Appointment of Blaise Metreweli comes as agents grapple with competing threats Source link
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves will this week announce what she claims will be a £725bn ten-year infrastructure plan for Britain, starting with a new programme to repair crumbling bridges, flyovers and tunnels. Allies of the chancellor say…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Millions of patients will be granted direct access to clinical trials under the expansion of the NHS app as part of the government’s long-awaited 10-year plan for the UK health service. Health secretary Wes Streeting…
Plastic is ubiquitous. Around 1m plastic water bottles are sold every minute and 5trn plastic bags are used around the world every year, according to the un’s Environment Programme. Half of all production, which is growing faster than that of any other material, is designed for single-use applications. The world’s annual output of over 400m…
The Boeing 787-9 civil jet airplane of Vietnam Airlines performs its flight display at the 51st Paris International Airshow in Le Bourget near Paris, France. (Photo by: aviation-images.com/Universal Images Group via Getty Images) aviation-images.com | Universal Images Group | Getty Images Kelly Ortberg’s first Paris Air Show as Boeing CEO was set to be relatively…
Paris Airshow opens under cloud of India crash, Mideast conflict Source link
AS DONALD TRUMP’S tariff tantrum destroyed trillions of dollars in shareholder value, shrieks of horror from American chief executives grew high-pitched. If you think America Inc had it bad, then spare a thought for Hong Kong. The self-governing Chinese territory is the world’s gateway to Asia, and China in particular. It is also Asia’s, and…
He is obsessed with atoms. Peter Thiel, a prescient venture capitalist, has said that the Manhattan Project, which created the first atomic bomb, epitomised how America’s government used to “get things done”. He has long argued that an excessive focus on “bits” (software) at the expense of “atoms” (hardware) has helped produce economic stagnation in…
