Economy

The Guardian view on President-elect Donald Trump: a dark day for the world

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This is a political and cultural cataclysm that few believed would really happen. Editorial It’s a bleak day for America, and for the pluralism and diversity the country has come to stand for Donald Trump wins the US election – live Become a Guardian supporter or make a contribution The Guardian view on… Read More »

Why Morocco Is Investing in Africa

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Morocco wishes to help its fellow African nations claim their due from the West. Ahmed Charai In a historic speech in the Senegalese capital Dakar Sunday, Moroccan King Mohammed VI laid out his country’s commitment to the continent of Africa, and… Why Morocco Is… Read More »

Mark Carney writes his own departure script

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The governor of the Bank of England said he will step down in June 2019. By FRANCESCO GUERRERA LONDON — Mark Carney is going but not until after Brexit. Like all superstars, the photogenic governor of the Bank of England scripted his own exit from the U.K. political stage. After keeping politicians, investors, and… Mark Carney writes his… Read More »

Kristalina Georgieva to quit Commission for World Bank job

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A source said the Bulgarian was frustrated with the ‘poisonous’ influence of Jean-Claude Juncker’s chief of staff. By RYAN HEATH Kristalina Georgieva resigned Friday as vice president of the European Commission to take a job as CEO of the World Bank, after becoming frustrated by the… Kristalina Georgieva to… Read More »

Belgian politicians drop opposition to EU-Canada trade deal

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EU leaders hope deal will be signed as Belgian PM says leaders of five regional parliaments have reached an agreement Jennifer Rankin in Brussels European Union leaders have expressed hope of signing a trade deal with Canada after Belgian politicians overcame differences that had been blocking the treaty. The Belgian… Belgian politicians drop… Read More »

Pierre Moscovici, trying to make Italian duvet fit EU suitcase

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The economics commissioner on the challenge of keeping budget rules squishy enough. By PIERRE BRIANÇON PARIS — Pierre Moscovici has an expression to show the direction he’d like his high-stakes negotiations with Italy to take: “We have to fit the duvet into the… Pierre Moscovici, trying… Read More »

Australia is no longer the home of the ‘fair go’, says report

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Country is less fair, less safe and has more people in prison than comparable nations, says Community Council of Australia Calla Wahlquist A report by the Community Council of Australia has shattered perceptions that Australia is a country of the “fair go”, finding it is less fair, less safe, and with a… Australia is no… Read More »

The Goldman Sachs tape shows May is not leading on Brexit, but following

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In private comments pre-referendum the prime minister warned companies would relocate if the UK left the EU. So why is she pursuing hard Brexit? Anne Perkins The road on which Theresa May currently finds herself is well travelled. Most successful politicians rely on a… The Goldman Sachs… Read More »

Why the rich can’t be trusted with money

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The members of the investor class are programmed to destroy. by Larry Beinhart Every time the rich get too much money – as marked by a sharp rise in income inequality – the same things always happen. A bubble! A grand, exuberant, investing, spending, paper profits spree. It… Why the rich… Read More »

Last-ditch talks aim to save EU-Canada trade deal

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BRUSSELS: The head of the European parliament and Canada’s trade minister held last-ditch talks Saturday aimed at salvaging a trade deal threatened by a Belgian region’s refusal to sign on Agence France Presse EU assembly chief Martin Schulz also planned an 11th-hour huddle with Paul… Last-ditch talks… Read More »

Towards NAFTA-EU Economic Integration?

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 “Back-Door” Canada-EU Trade Agreement (CETA) Sets the Stage… The TTIP is Alive? By Prof Michel Chossudovsky The ratification of the CETA agreement is imminent, with far-reaching economic and social implications. France’s Prime Minister Manuel Valls is… Towards NAFTA-EU… Read More »

Will China’s economy slow as Beijing squeezes property sales?

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With the government cracking down on property speculation, questions raised on what drives fourth-quarter growth By STEVE WANG, LIN WANXIA and POO YEE KAI China’s economy is on track to meet Beijing’s growth target of 6.5% to 7.0% for 2016 following the release of third quarter numbers in… Will China’s economy… Read More »

Belgium split over EU-Canada trade deal Ceta

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Belgium’s Foreign Minister Didier Reynders says EU leaders may agree on a landmark EU-Canada trade deal this week – but only if objections from his country’s Wallonia region can be met. EU trade ministers are discussing the Ceta deal in Luxembourg, and Wallonia’s concerns cannot be ignored. Belgium’s national government backs the… Belgium split over… Read More »

China’s onshore Renminbi rate at six-year low

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Analysts predict further devaluation pressure in the short-term By LIN WANXIA and POO YEE KAI The onshore Renminbi has fallen further against the US dollar, dropping down to the 6.70 key defensive line on Monday… China’s onshore Renminbi… Read More »

Single women can’t afford to live in the city and men can. Is that fair?

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Two alarming reports that have surfaced expose the economic bedrock on which the material disadvantage of Australian women is perpetuated Van Badham and Gabrielle Jackson It’s not often Margaret Thatcher is quoted in support of structural feminist arguments for fairness. She wasn’t actually talking about women when she Single women can’t… Read More »

Why is globalisation under attack?

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Free trade and globalisation seem to be under siege from a broad and loud range of opponents. By Mark Broad, Economics reporter, BBC News For decades there has been a strong consensus that globalisation brought more jobs, higher wages and lower prices – not just for richer countries but also for developing and… Why is globalisation under… Read More »