Category: Economy

2:00PM Water Cooler 5/20/2019

By Lambert Strether of Corrente. Trade “Opinion: The global consequences of a China-U.S. cold war” [Nouriel Roubini, MarketWatch]. “The global consequences of a Sino-American cold war would be even more severe than those of the Cold War between the U.S. and the Soviet Union. Whereas the Soviet Union was a declining power with a failing […]

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UPDATE 2-European stocks fall on worries about Huawei fallout

(Reuters) – European stocks recorded broad-based losses on Monday, as a U.S. crackdown on China’s Huawei Technologies rekindled concerns about worsening global trade and wilted the continent’s trade-exposed tech and auto stocks. Global risk appetite was jolted after Reuters reported Alphabet Inc’s Google suspended some business with Huawei, while Apple Inc supplier Lumentum Holdings Inc […]

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UPDATE 2-Zambia seeks ‘divorce’ from Vedanta over alleged mining breaches

LUSAKA (Reuters) – Zambia plans to strip Vedanta-controlled Konkola Copper Mines (KCM) of its mining license and bring a new investor into the operation, in a move likely to stoke international miners’ concerns about rising government intervention in the sector. FILE PHOTO: Zambian President Edgar Lungu reacts after participating in a discussion at the World […]

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Coordinated anti-Trump campaign emerges on Instagram – study

ROME (Reuters) – Accounts tagged ‘hatetrump’ and ‘ihatetrump’ are part of a coordinated campaign to undermine U.S. President Donald Trump that has emerged on social media site Instagram, an independent study has revealed. FILE PHOTO: U.S. President Donald Trump speaks at the National Association of Realtors’ Legislative Meetings & Trade Expo in Washington, U.S., May […]

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