Economics

Trumpian diplomacy at its most refined: “The Germans are bad, very bad”

"See the millions of cars they are selling to the U.S. Terrible. We will stop this," he said.<p>During a meeting with European Union leaders in Brussels on Thursday, President Trump delivered what’s quickly becoming his classic diplomatic maneuver: harsh criticism of an ally that doesn’t make …

United States

Trump's right about Germany

His diagnosis is imprecise but Merkel's economic policies really are hurting the U.S.<p>President Donald Trump had harsh words for Germany at a NATO meeting in Belgium this week, where he reportedly referred to the Germans as “bad, very bad.” Gary Cohn, the president’s top economic adviser, later …

United States

Trump wants to cut bilateral trade deals, but what if nobody comes to the table?

In his first swing through Europe as president, Donald Trump left little doubt that he would pursue his “America First” policy in economic relations, creating a stir by denouncing Germany’s trade surplus with the U.S. and promising to end it.<p>"The Germans are bad, very bad,” Trump was quoted as …

U.S. Chamber of Commerce

Tax on test: do Britons pay more than most?

We examine how the average burden on British people earning £25,000, £40,000 and £100,000 compares with taxes paid by similar earners in Europe, Australia and the US<p>Labour’s plan to tax incomes over £80,000 more heavily is a “massive tax hike for the middle classes” that will “take Britain back to …

Retirement

World's biggest economies sitting on a 'pension time bomb'? WEF says funding gap will surpass global GDP

The World Economic Forum warns pension savings gap of 8 major economies could reach a total of $400tn by 2050.<p>A report by the World Economic Forum …

Business (UK)

Labour’s finance tax will hit pensioners, warns IFS

Labour’s plans to raise taxes on businesses and financial transactions will hit pension funds, reducing returns for savers and harming living standards into old age, the Institute for Fiscal Studies has warned.<p>Jeremy Corbyn hopes to raise £5.6bn per year with a levy on bond and derivatives …

Business (UK)

Phelps Expresses Concern About Labor Participation Rate

Nobel Laureate in Economics Edmund Phelps, a Columbia University professor, discusses his concerns about the U.S. labor market with Bloomberg's …

Business

Trump criticizes German trade surplus, again

TAORMINA, Sicily – President Donald Trump has criticized Germany's trade surplus with the United States, drawing attention to a contentious issue at a summit of world leaders where trade is already a sticking point.<p>As the leaders of seven wealthy democracies gathered for difficult talks on trade …

United States

Credit Decisions Lag Market Events, Reinhart Says

Vincent Reinhart, chief economist at Standish Mellon Asset Management in Boston, discusses Moody's downgrade of China debt. He speaks with …

Business

Can Donald Trump "stop" BMW sales in the U.S.?

President Donald Trump is taking aim at German automakers, calling the popularity of German-made cars in the U.S. "terrible" and vowing, "We will …

News (U.S.)

Young people may have to work until they're 80 to pay for older generations' pensions

The UK has been told to prepare for a workforce of 80-year olds as the world’s leading economies struggle to deal with a £54 trillion pensions time …

Retirement

Why Labour Is The Natural Party Of Business

You'd never guess it from the mainstream media, but the business people I talk to tell me they are becoming increasingly worried about the direction the British economy is taking after seven years with the Conservatives in charge, and they find much in Labour's manifesto to like.<p>Business people are …

Business (UK)

Why is Trump's 3-percent growth target pure folly? Because math.

Three percent does not sound like a huge number. It does not seem like the outcome of massive exaggeration. But the assumption in the president's …

Mick Mulvaney

Africa's untapped free trade potential | Africa | DW | 26.05.2017

Many African countries are better connected with the rest of the world than they are with each other. New free trade agreements are being discussed …

Africa

Education cuts are a false economy – please, Theresa May, reconsider

Every pound spent on schoolchildren saves money in healthcare, welfare and prison. Blair and Cameron got it, but the current PM does not<p>Last week my son brought home a letter from the head of his comprehensive, outlining the curriculum reorganisation it is pushing through because the school has run …

Education

May v Corbyn: Neither manifesto is being honest with the public, says the IFS

Both the Conservatives and Labour are failing to tell the truth in their election manifestos, according to the Institute of Fiscal Studies …

Business (UK)

Real Estate Weekly: Data Centers Lead REIT Rally, Home Sales Disappoint

REITs gained 0.9% on the week, pushing the REIT index into positive territory on a YTD basis.<p>The more yield-sensitive REIT sectors led the charge …

Business

3 years of Narendra Modi govt: Here's how to separate rhetoric from statistics

When the NDA government came to power a lot was expected; and even more was promised. It is for this reason that there is constant evaluation of the …

India

Energy looks to be spared in any NAFTA reset

President Donald Trump has taken the first step toward renegotiating the North American Free Trade Agreement, a journey with implications for …

NAFTA

China April industrial profits up 14 percent but slowing pace stokes economy worries

BEIJING (Reuters) - Profits earned by Chinese industrial firms rose 14.0 percent in April from a year earlier, official data showed on Saturday, …

Economic Data

The Donald vs. Das Auto - Bloomberg Gadfly

When they want Donald Trump to grasp a topic, his advisers have learned to keep things simple. Visual aids help.<p>Unfortunately, global economic …

United States

US first-quarter growth much stronger than expected | Business | DW | 26.05.2017

The American economy grew much faster than originally reported in the first quarter of 2017 due to sharp increases in business and consumer spending, …

U.S. Dept. of Commerce

Cut immigration and the UK's economic prospects will just get worse – here's why

After having arguably been one of the most powerful fear factors exploited by the Leave campaign during the EU referendum, the debate on immigration …

Brexit

How Much Cash Does The NHS Need? There's No Simple Answer

The NHS is, at bottom, a system for rationing healthcare. Give it more money, and the line determining how much it is prepared to spend to try and save a life, or make a patient more comfortable will be drawn a little more generously. Give it less, and those euphemistic "difficult decisions" will …

Health Care

'Invest In Infrastructure While Interest Rates Are Low' Is A Flawed Argument

The above is a popular idea, backed by any number of professional economists. In fact, I don't know of a professional economist who questions the …

Business

Trump: Budget will produce fastest growth ‘in decades’

President Trump on Friday told Americans to expect a huge boost to economic growth as a result of his budget, speaking publicly about his proposal …

U.S. Congress

Moses in the Ozarks: The parable of Italians in the South

Moses in the OzarksThe parable of Italians in the South<p>Migration, race, a charismatic priest and lots of cannelloni<p>print-edition iconPrint edition | …

Paul Krugman: Republicans are stripping our freedoms one by one

"Americans are creeping along the road to serfdom, yoked to corporate employers."<p>America, as Paul Krugman writes in his Monday column, is supposedly “an open society, in which everyone is free to make his or her own choices about where to work and how to live.”<p>This idea of freedom is our favorite …

Paul Krugman

Trump’s bizarre slap at Germany

In a European visit, already one of the worst by any U.S. president in recent memory, President Trump went out of his way to attack Germany, with whom we have a trade deficit. “The Germans are bad, very bad,” he was quoted as saying by a German newspaper. “Look at the millions of cars they’re …

Opinion

U.S. economy slowed less than expected in first quarter; outlook cloudier

WASHINGTON (Reuters) - The U.S. economy slowed less than initially thought in the first quarter, but softening business investment and moderate …

Economic Data