Economy

admin 22nd July 2018

LAME-DUCK periods can last for only so long. It was clear beforehand that a Goldman Sachs earnings call this week would be packed with questions about succession. When would the chief executive, Lloyd Blankfein, step down? (He had said in March he was leaving, but gave no date.) What would his departure mean for the […]

admin 22nd July 2018

LOS ANGELES (AP) – Police said they were trying to determine what prompted a man to shoot his grandmother and wound another woman before he crashed his car and ran into a busy supermarket, where he held dozens of people hostage in a tense standoff with scores of heavily armed officers outside. A woman was […]

admin 22nd July 2018

TO PAY for his professional flight degree at Purdue University in Indiana, Andrew Hoyler had two choices. He could rely on loans and scholarships. Or he could cover some of the cost with an “income-share agreement” (ISA), a contract with Purdue to pay it a percentage of his earnings for a fixed period after graduation. […]

admin 22nd July 2018

CAPE CANAVERAL, Fla. (AP) – Former NASA astronaut Buzz Aldrin was noticeably absent from a gala kicking off a yearlong celebration of the 50-year anniversary of the first moon landing, even though his nonprofit space education foundation is a sponsor and he typically is the star attraction. The black-tie Apollo Celebration Gala held under a […]

admin 22nd July 2018

There is always a sense of “they would say that, wouldn’t they?” when a state-funded global agency that promotes free trade says that a hard Brexit would be bad for everyone. That was the International Monetary Fund’s stance before Britain’s referendum on European Union membership, and in the wake of the vote the Washington-based lender […]

admin 22nd July 2018

ASK the chief investment officer of a fund-management firm how to spread your investments and you will be told to put so much in stocks, so much in bonds and something in hedge funds or private equity. Chances are that white-elephant buildings, eggs and long-life milk will not feature. But in Venezuela, where the inflation […]

admin 22nd July 2018

WASHINGTON (AP) – Supreme Court nominee Brett Kavanaugh suggested several years ago that the unanimous high court ruling in 1974 that forced President Richard Nixon to turn over the Watergate tapes, leading to the end of his presidency, may have been wrongly decided. Kavanaugh was taking part in a roundtable discussion with other lawyers when […]

admin 22nd July 2018

The war of words over Donald Trump’s threat to impose wide-ranging tariffs on imports from China and the European Union has intensified after the German chancellor, Angela Merkel, said the levies threatened the incomes of workers across the world. On Friday, Merkel described possible US tariffs on imported cars as a breach of World Trade […]

admin 22nd July 2018

CHEERS erupted from Calais to Cannes when Kylian Mbappé, a 19-year-old striker, thumped in France’s fourth goal in the World Cup final on July 15th. Among the smuggest onlookers were the accountants at Paris Saint-Germain, Mr Mbappé’s club. He was already a prized asset before the tournament, having broken the record for goals scored by […]

admin 22nd July 2018

The nomination of Mike Manley as CEO of Fiat Chrysler marks a turning point for the carmaker, putting a brand with historic Italian roots in the hands of someone with no ties to Italy – a Brit who showed his mettle by growing the quintessentially American Jeep into a global brand. Manley has been one […]