Tag Archives: Trade

Digital tax conflicts could wipe more than 1% off global GDP every year, OECD warns

France’s President Emmanuel Macron gestures during a meeting with U.S. President Donald Trump, ahead of the NATO summit in Watford, in London, Britain, December 3, 2019. Kevin Lemarque | Reuters LONDON — Tensions over a digital tax may trigger a trade war that could potentially slash global GDP (gross domestic product) by over 1% every… Read More »

Boeing slashes forecast for new aircraft demand, expects coronavirus pandemic to hurt sales for more than a decade

[ad_1] A Boeing 777X airplane flies above the Boeing Everett Factory David Ryder | Reuters Boeing is cutting its expectations for new commercial aircraft demand over the next decade, citing what it estimates will be a years-long slump in travel demand because of the coronavirus pandemic. The manufacturer forecast on Tuesday that the world’s airlines will… Read More »

China’s manufacturing activity expanded in September ahead of Golden Week holidays

[ad_1] China on Wednesday announced that manufacturing activity expanded in the month of September as the world’s second largest economy continued to show signs of recovery from the coronavirus pandemic. The official manufacturing Purchasing Manager’s Index (PMI) for the month of September came in at 51.5 as compared to 51.0 in August, according to the National Bureau of… Read More »

5 charts show how much the U.S. and Chinese economies depend on each other

[ad_1] President Donald Trump (L) shakes hand with Chinese President Xi Jinping at the end of a press conference at the Great Hall of the People in Beijing on November 9, 2017. Fred Dufour | AFP | Getty Images SINGAPORE — As the rivalry between the U.S. and China intensifies, investors and analysts are increasingly worried… Read More »

Final UK-EU trade talks begin this week as officials race to seal a Brexit deal

[ad_1] Britain’s Prime Minister Boris Johnson leaves number 10 Downing Street. Leon Neal | Getty Images News | Getty Images LONDON — EU and U.K. officials are about to start what’s meant to be the final round of Brexit trade negotiations before a self-imposed deadline of Oct. 15. Talks have been stalled over competition rules and… Read More »