As its trade tussle with America heats up, China is on the back foot

As its commerce tussle with America heats up, China is on the again foot

FOR months Chinese officers have caught to the identical script: China doesn’t need a commerce conflict, however will win if dragged into one. As hostilities flip extra severe, this assured façade has taken a blow. Chinese equities have plunged into bear-market territory. The yuan had its largest month-to-month fall towards the greenback on report. Economic […]

Companies appear to be gaining market power

Companies seem like gaining market energy

COMPETITION forces firms to maintain costs low to draw clients. But if a couple of companies turn into highly effective sufficient, they’ll see off rivals and cost extra. A brand new working paper by Jan De Loecker of the University of Leuven and Jan Eeckhout of University College London presents proof that that is taking […]

Argentina’s currency crisis is far from over

Argentina’s forex disaster is way from over

Too dear to drown sorrows ON A residential road nook in Buenos Aires, Van Koning Market sells imported beers to the town’s well-heeled. Since it opened in June final yr prices have soared. The peso has plummeted, which means wholesale costs have shot up. Inflation is operating at 26%; the discount of presidency subsidies means […]

Central Europe’s Goldilocks economies

Central Europe’s Goldilocks economies

THEY evoke metallic gorillas in a cavernous, floodlit corridor: 640 robots with riveting weapons and arms for dealing with components. They will spring into motion this autumn on the opening of a brand new plant for Jaguar Land Rover (JLR), constructed at a value of €1.4bn ($1.6bn) on former farmland in Nitra, in western Slovakia. […]

China’s statistics are bad. Many criticisms of them are worse

China’s statistics are dangerous. Many criticisms of them are worse

“Our people crave, more than anything else, to know the extent of the nation,” says the narrator in “Do You Love Me?”, a brief story by Peter Carey set on an imaginary world that lionises cartographers. To fulfill that craving, the nation carries out an everyday, exhaustive census: a “total inventory of the contents of […]

The American president is stirring up trouble in a volatile oil market

The American president is stirring up hassle in a risky oil market

IT USED to be mentioned that America’s shale producers had been the brand new “swing factor” in international oil markets. It seems that function is being taken by America’s president.  At a time when oil costs are at three-and-a-half-year highs, markets are being buffeted by three countervailing forces unleashed by President Donald Trump: his geopolitical […]

The Trump administration plans to crack down on Chinese investment

The Trump administration plans to crack down on Chinese funding

PRESIDENT Donald Trump’s view of funding relies on who’s doing it. On June 22nd he railed towards Europeans exporting vehicles to America, demanding that they “build them here!” On June 26th he tweeted that every one Harley-Davidson bikes needs to be made in America (see article). But on the subject of Chinese traders shopping for […]

User-rating systems are cut-rate substitutes for a skilful boss

User-rating techniques are cut-rate substitutes for a skilful boss

IT OFTEN arrives as you stroll from the kerb to your entrance door. An e-mail with a query: what number of stars do you need to give your Uber driver? Rating techniques just like the ride-hailing agency’s are important infrastructure on this planet of digital commerce. Just about something you would possibly search to purchase […]

Fighting the useful resource curse via on-line gaming

ALAIN LILLE just isn’t happy. His wildcat oil agency spent a fortune searching for oil in Petronia, a former colony recognized for cashmere wool, lengthy earlier than anybody else was keen to take the chance. After sealing a cope with the long-ruling authorities, he was poised to reap the rewards. But in final 12 months’s […]