To win re-election he must still navigate the swing states and hope the Democrats remain hobbled by infightingWith the US presidential primaries under way, everyone is wondering whether President Donald Trump will be re-elected in November. Opinion polls show that the ability to beat Trump ranks high among Democratic primary voters’ top priorities. Following Trump’s acquittal in the Senate on impeachment...
China and the EU are filling the void led by Washington’s return to isolationism. Collective leadership is the only way forwardDonald Trump’s “America first” policies are widely regarded as an abdication of global leadership, sounding the death knell of the post-second world war multilateral order that the US shaped and sustained.There is much truth to this view. At the same time, this troubling...
Yes, the Dow is at a record high and unemployment rates are lower than they have been in decades – but 140 million people are also poor or low wealthRather than offer a report on the State of the Union, Donald Trump used his annual primetime slot in the House of Representatives to host a re-election rally. The House speaker, Nancy Pelosi, summed up the sentiment of the House majority when she stood...
Ray Dalio, who has a near $19bn fortune, is one of a handful of the 0.01% to go public with concerns about the system that created that wealthRay Dalio, the billionaire investor, has just released his first children’s book. It’s a bedtime story he hopes will inspire a new generation of entrepreneurs and leaders. There are other stories that keep Dalio awake at night. Related: Harry and Meghan attend...
If the choice comes down to tyrant or oligarch, we must choose the latter. But our democracy would still be in perilWe haven’t seen his name on any of the ballots in the first four states, but that’s about to change. I’m talking, of course, about multibillionaire presidential hopeful Michael Bloomberg.Bloomberg has a chance of winning the presidency because his net worth is more than $60bn. Related:...
Pace of hiring beat economic forecasts as unemployment rate remained at a 50-year low of 3.6%US employers added another 225,000 in January as the record-breaking streak of job creation in the American economy entered its 11th year. Related: Iowa caucus results: Buttigieg and Sanders both claim victory – live Continue reading...
Markets rally after Beijing unveils plan to halve extra levies on 1,717 US productsEuropean stocks hit record high – business liveA fourth day of gains sent shares on Wall Street to fresh peaks after China sought to bolster its coronavirus-hit economy by cutting tariffs on a range of US products.Despite evidence of the growing global impact of the virus, hopes that the medical emergency might lead...
Despite my job at a college and my husband’s job at a grocery store, neither of us would get paid parental leave. So we made a difficult choiceTell us what it’s like to be pregnant in the United StatesIn the summer of 2018, I was 34 years old. I lived with my husband-to-be in a one room apartment in rural New England. After spending almost a year underemployed, I was ecstatic to be offered a full-time...
In looking the other way over the president’s corruption and lawbreaking, the Republican party has offered up its soul in exchange for powerThe line that best sums up last week’s Senate impeachment trial of Donald Trump probably comes from the lips of Omar Little, the stickup artist who robs drug dealers in HBO’s the Wire. “You come at the king,” warned Mr Little “you best not miss”....
I was part of a Democratic administration that failed to fix a rigged system – I know our current president is a symptom of our disunion, not its only causeAn impeached president who is up for re-election will this week deliver a State of the Union address to the most divided union in living memory. Related: 'How do you fall for the Bernie Sanders scam?' Martin O'Malley on the Democrats and Iowa...
China, and the world, were already burdened by tariffs. Now, some say the coronavirus could undermine fragile growthWith tens of millions of Chinese people quarantined inside their cities and thousands of factories closed, it is already clear that the coronavirus is about to sideswipe the global economy.Last year’s tit-for-tat trade war between China and the US, which involved both sides slapping...
Rolling coverage of the latest economic and financial newsLatest: Jerome Powell on coronavirusFed leaves rates unchanged at 1.5%-1.75%Earlier:Apple hits record highChina economist predicts growth will sufferHong Kong stocks slide amid virus worries 8.27pm GMT After a small pause (the intrepid reporter had the microphone upside down, but we’ll preserve his blushes) we have the final question:Q: Do...
Comment came as Greta Thunberg demanded immediate action in DavosDavos 2020 – live updatesAnalysis: Trump hails 1tn trees plan but ignores roots of problemDonald Trump told the world’s business leaders to stop listening to “prophets of doom” as he used a keynote speech at the World Economic Forum to attack the teenage activist Greta Thunberg over her climate crisis warnings.The US president...
On all economic measures, from jobs to health to GDP to disposable income, the president has failed AmericaAs the world’s business elites trek to Davos for their annual gathering, people should be asking a simple question: have they overcome their infatuation with the US president?Two years ago, a few rare corporate leaders were concerned about climate change, or upset at Donald Trump’s misogyny...
Subject was not an issue at forum’s first meeting in 1971 but should now be at forefront for US presidentRichard Nixon was in the White House, Mao Zedong was running China and Ted Heath was the prime minister of the UK when hand-picked members of the global business, academic and policymaking elite were first invited to a get-together in the Swiss resort of Davos in 1971.This year marks the 50th...
Investors shrug off slowdown as new data fuels optimism China can ride out US trade warChina’s economy stumbled last year to its lowest growth rate in almost 30 years after the tit-for-tat trade war with the US took its toll on manufacturing output and consumer spending.The world’s second-largest economic power grew by 6.1% in 2019, down from 6.8% in 2018, and the lowest rate in 29 years.The roots...
Report says climate crisis, inequality and food insecurity were major concernsThe world economy risks suffering a sharp slowdown in 2020 that would derail international efforts to tackle the mounting climate emergency and heightened poverty around the world, the United Nations has warned.In a flagship report ahead of the annual gathering of world leaders in Davos next week, the international governmental...
While a cessation in hostilities is welcome, businesses have a lot of ground to make up, and few expect any further progressThe trade war with China is over; long live the trade war. That is the message from Donald Trump as the US president promotes a pact with Beijing that has both settled the frayed nerves of traders across the world’s financial markets and put those same traders on notice that...
New commissioner Phil Hogan must seek consensus with Washington on issues from China to European car exportsPhil Hogan was not even confirmed as the EU’s trade supremo when he drew the ire of Donald Trump’s envoy to Brussels. On the day his appointment as EU trade commissioner was announced – but before it was approved by the European parliament – the outspoken politician said he hoped the...
The president’s agreement with China is based on a misunderstanding of the corporate mindset. It’s time to invest in ourselvesTrump’s “phase one” agreement with China, to be signed on Wednesday, is intended partly to slow China’s move into new technologies like electric cars by protecting the intellectual property of American corporations.Which lends a certain irony to Tesla’s first Model...
