Économie
U.S. Cuts Deal With Sanctioned Chinese Tech Company ZTE
Trump tweeted on May 14 that he and Chinese President Xi Jinping were working together to help ZTE "get back into business, fast". The ban amounted to a death sentence for the company, which relies on USA parts. It paid $890 million in fines. USA senators said they plan legislation to roll back the agreement. ZTE says it does business with telecom providers, governments and corporate n... [Full Article...]
Trump to Trudeau: 'Didn't you guys burn down the White House?'
Before President Donald Trump sits down with a third-generation North Korean autocrat, he will face what may well turn out to be a tougher crowd - some of America's oldest allies. The summit on Friday and Saturday in Charlevoix, Quebec, will be the first chance that G7 leaders will have to confront Trump in person since he imposed tariffs on steel and aluminum imports from Canada, Mexico and t... [Full Article...]
Trump wants separate trade deals with Canada, Mexico, says adviser Kudlow
President Donald Trump referenced the War of 1812 in an attempt to needle Canadian Prime Minister Justin Trudeau during a recent conversation focused on tariffs, CNN reported Wednesday. "His preference now-and he asked me to convey this-is to actually negotiate with Mexico and Canada separately", Kudlow said. To give Trump the full benefit of the doubt on this, it would require him to know e... [Full Article...]
The World's Top Wealth Fund Voted Against Musk As Chair At Tesla
A damaging split at this stage between board and management would risk everything and it's clear that Tesla has a hit on its hands with the Model 3 (about half a million orders with effectively free loans amounting to nearly half a billion dollars from the deposits paid), but an engineering problem associated with building enough of them fast enough. [Full Article...]
Trump wrongly accused Canada of torching White House in War of 1812
The two sides are also deadlocked on the negotiations over the future of their North American Free Trade Agreement (NAFTA ) with Mexico , with Ottawa refusing to grant U.S. Agriculture.com reports the Mexican measures target pork legs, apples, grapes and cheeses as well as steel products from USA states that supported Trump in 2016. [Full Article...]
PORK PROTEST: Mexico to Impose HUGE TAX on US Pig Products
The Economy Secretariat (SE) published a full list of the USA products that will be affected by the new protectionist measures in the government's official gazette, with tariffs ranging between 5% and 25%. Mexico, the third-largest USA trade partner, said it would penalize US imports including pork bellies, apples , grapes, cheeses and flat steel. But he said the US insistence on a five-year suns... [Full Article...]
Centrale Danone alerte sur ses résultats
L'entreprise est frappée de plein fouet par la campagne de boycott qui a sévèrement affecté son activité. Sur cette base, la société s'attend à enregistrer une contraction de près de 20 % du chiffre d'affaires pour le premier semestre 2018, de même qu'un résultat négatif d'environ -150 millions de DH, par rapport à un résultat net de 56 millions de DH à la même période de l'exercice précédent.... [Full Article...]
U.S. Treasury sees Italy better off in euro zone
Recent political uncertainty has roiled Italian stocks, resulting in a slide of more than 9 percent for the Italian benchmark in May, its worst month since June 2016. The turmoil has also sent the yield spread between Italy and Germany's 10-year bonds to around a five-year high, reflecting investor concerns. At the beginning of May the yield was just 1.78 percent. [Full Article...]
Starbucks chairman to step down at end of June
United Kingdom 'deeply disappointed' at USA steel tariffs: PM May
Many prominent Republicans have criticized the administration's aggressive use of that justification, saying its trade actions will hurt the US economy. In a March 2 Twitter post, he declared trade wars "good, and easy to win", though later he denied the US and China are in one. Dr Fox said he would speak to United States commerce secretary Wilbur Ross about the situation again on Monday. [Full Article...]
Qantas and Air New Zealand codeshare
Sydney-based airline Qantas has announced plans for a reciprocal codeshare agreement with Air New Zealand in order to make travel within Australia and New Zealand easier. "While the two airlines will continue to compete very strongly across all markets, Air New Zealand and Qantas are known for having a commitment to innovation, customer service excellence, operational performance and safety". [Full Article...]
Workers, business unhappy with wage rise
Ontario ranks 1 with a minimum wage of $14.00/hour, though Alberta - the current home of Canada's second-highest minimum wage - will see an increase to $15.00/hour on October 1. The goal is to rise B.C.'s general minimum wage to at least $15.20 per hour by June 2021. Greens MP Adam Bandt said the decision would leave many full-time workers living in poverty, even though the economy was apparentl... [Full Article...]
Vers une guerre commerciale entre les Etats-Unis et ses alliés
Ce à quoi l'Europe rétorque qu'imposer des taxes à ces alliés n'est pas la solution à la surcapacité de l'acier. Dès jeudi soir, Ottawa a donc indiqué que les produits américains seront taxés à hauteur de 16,6 milliards de dollars canadiens. [Full Article...]
Le nouveau chef du gouvernement, Giuseppe Conte, a prêté serment — Italie
Le sensible ministère de l'économie et des finances revient à Giovanni Tria , un professeur d'économie politique proche des idées de la Ligue en matière fiscale mais favorable au maintien de l'Italie dans l'euro. Conte, peut respirer: la crise institutionnelle est derrière lui et samedi, il aura un chef de gouvernement non démissionnaire à ses côtés, à l'occasion de la fête nationale italienne. [Full Article...]
Deutsche Bank est "fragile" et en "difficultés" pour les autorités américaines
Selon le quotidien des affaires new-yorkais, le statut accordé par la banque centrale américaine à Deutsche Bank - qui est censé rester secret et est un des plus bas de l'échelle - a influencé sa décision de réduire ses prises de risque dans les métiers de trading et de prêts. [Full Article...]
San Francisco protesters blocks Google buses
The demonstration was organized by housing advocates from San Francisco and San Jose to protest "the continued techsploitation of our public space, workers and environment". We will solve them *only* if we work together. The spark? The cost of living in the Bay Area which has surged with the rapid growth of Silicon Valley's tech industry, widening wealth inequality, particularly in San Francis... [Full Article...]
Deutsche Bank gets ECB, key investor support as S&P questions strategy
Germany's largest lender is already facing challenges with US bank regulators and in financial markets, with its stock price falling to historic lows on Thursday. Turning to the downgrade, Sewing noted S&P's decision to keep a stable rating on Deutsche's outlook, reflecting the ratings agency's view that the bank's management was working towards a "better-functioning business model". [Full Article...]
Canada: croissance moins forte que prévu au 1er trimestre
Par rapport à la première estimation du PIB du 1er trimestre, la contribution à la croissance de la demande intérieure finale a été revue en légère baisse (0,2 point contre 0,3 point auparavant), tandis que les contributions des variations de stocks et du commerce extérieur restent nulles. [Full Article...]
Visa victime d'une panne géante en Europe — Carte bancaire
L'incident empêche que certaines transactions Visa en Europe se fassent. Le nombre d'usagers affectés n'est pas encore connu . A Berlin, les files d'attente s'allongeaient aux caisses du magasin Primark situé sur l'Alexanderplatz, a constaté une journaliste de l'AFP, sans que les employés ne puissent résoudre le problème. [Full Article...]
Les Etats-Unis taxent l'acier et l'aluminium importés, les alliés ripostent
Pour sa part, la chancelière allemande Angela Merkel s'est alarmée d'"une escalade qui nuira à tout le monde". Cette décision met fin à deux mois d'exemptions accordées à ces trois partenaires de Washington par le président Donald Trump afin d'encourager des discussions plus générales sur les échanges commerciaux et relancer les craintes d'une guerre commerciale. [Full Article...]