Latest in Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast
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A US Ban on Investing in Chinese AI Startups Could Escalate Under Trump
The Biden administration narrowed in on Chinese companies developing frontier AI models, but Donald Trump could take a much broader approach.Tech - Wired - November 18 -
BNP Paribas Investment Bank Growth Offsets Retail Weakness
BNP Paribas reported a rise in third-quarter earnings that was in line with market expectations, as growth in its investment bank offset softness in its domestic retail business.Business - The Wall Street Journal - October 31 -
The yawning investability gap between US banks and UK peers
British lenders face a competitive threat from Trump’s plans for regulatory bonfiresBusiness - Financial Times - November 18 -
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Goldman Sachs takes $900mn hit on Northvolt investment
US bank is second-largest shareholder in Swedish battery maker which filed for Chapter 11 bankruptcy this weekBusiness - Financial Times - 4 days ago -
Goldman Sachs cuts European growth and earnings forecasts as Trump tariffs loom
The Trump regime will hit European economic growth and reduce company earnings, though the continent’s defense sector may prosper.Business - MarketWatch - November 8 -
Trump and Harris make final push to break US election deadlock
Presidential candidates descend on Pennsylvania as polls in most crucial swing state show a dead heatBusiness - Financial Times - November 5 -
How violence became a theme of America’s election
Voters are on edge after a campaign season characterised by ‘unprecedented’ levels of extreme rhetoricBusiness - Financial Times - November 4 -
FirstFT: Bitcoin hits a record high
Also in today’s newsletter, Kremlin denies Putin spoke to Trump last week and America Inc’s new chief executiveWorld - Financial Times - November 11 -
The rehabilitation of KPMG in the UK
The years of audit failings and regulatory fines at its UK business are over, but some worry the firm is still losing ground to rivalsBusiness - Financial Times - November 19 -
China’s Baidu joins Meta in race to make AI-integrated smart glasses
Launch comes as Chinese internet groups jostle for dominance in hardwareBusiness - Financial Times - November 13 -
Biden announces $3 billion investment in U.S. ports
President Biden announced a $3 billion investment to reinvigorate ports across the U.S. Mr. Biden spoke from the Port of Baltimore, not far from the site of the Francis Scott Key Bridge collapse.Top stories - CBS News - October 29 -
The New Investment Superpower Outflanking China and the U.S. in Africa
The tiny United Arab Emirates has invested billions in east Africa, where it is now emerging as a significant player, at times muscling out China and annoying the U.S.World - The Wall Street Journal - November 6 -
What to know about Europe's tariffs on Chinese electric vehicles
The European Union has finalized its sharply higher customs duties on electric vehicles imported from ChinaTech - ABC News - October 30 -
Economists expect Trump to place huge tariffs on Chinese imports: Survey
Economists are expecting President-elect Trump to place tariffs of about 40 percent on Chinese imports, according to a survey from Reuters. In the survey of economists, 45 percent said the “level ...Politics - The Hill - November 20 -
Trump tariff on China could lower global inflation, says UK economist
Bank of England’s Swati Dhingra says threatened 60% tariff could lead exporters to cut prices elsewhere. Donald Trump imposing massive US tariffs on Chinese imports could drag down global inflation ...World - The Guardian - 2 days ago -
French markets hit by threat of government collapse
Paris’s cost of borrowing relative to Germany reaches highest level since Eurozone crisis in 2012Business - Financial Times - 18 hours ago -
Forecasters scare up record-high temperatures for Halloween in the Northeast
As record-breaking high temperatures were expected Wednesday, snow blanketed the mountaintops of Hawaii and residents of the Great Plains were bracing for tornadoes.Top stories - ABC News - October 31 -
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More rain forecast after Storm Bert hits UK
At least five people died as the storm brought heavy rain, wind and snow over the weekend.Top stories - BBC News - 2 days ago -
Snow and rain forecast to hit US north-east for Thanksgiving
Winds and rain could disrupt Macy’s parade and affect holiday travel – but also provide relief to drought conditions. A Thanksgiving Day storm is forecast to bring rain and potentially snow ...World - The Guardian - 2 days ago -
BP's Profit Hits Four-Year Low on Commodity Market Weakness
BP’s profit tumbled in the third quarter, although less than expected, as weak oil prices and refining margins continue to weigh on the energy sector.Business - The Wall Street Journal - October 29 -
HMRC investigations into serious tax fraud and avoidance hit six-year low
UK revenue authority says its teams are focusing their work on the highest-impact casesBusiness - Financial Times - November 10 -
Man City's statistics hit new low after Tottenham humiliation
The statistics just keep getting worse for Manchester City and Pep GuardiolaSports - ABC News - 4 days ago -
Colorado QB Shedeur Sanders escapes ejection for shoving referee in loss to Kansas
No one was flagged for a post-play fracas after Sanders was tackled by three Kansas players.Sports - Yahoo Sports - 4 days ago -
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Chinese city still officially in summer as 30-year heat record broken
Temperatures in Guangzhou fail to drop below level that meteorological service uses to mark change in season. One of China’s biggest cities is still officially in summer, despite it being ...World - The Guardian - November 14 -
Here's why Trump thinks tariffs are good for the U.S.
President-elect Donald Trump is proposing sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Here's why.Top stories - CBS News - Yesterday -
UBS smashes forecasts with bumper profit, warns of volatility around U.S. elections
The Swiss bank’s profits were boosted by the ongoing integration of wealth management accounts previously run by its main rival Credit SuisseBusiness - MarketWatch - October 30 -
Potential winter storms forecast across the U.S. on Thanksgiving week
Forecasters have warned of another round of winter weather that could complicate travel around the Thanksgiving holiday.Top stories - CBS News - 3 days ago -
Trump win and threat of more tariffs raises expectations for more China stimulus
Donald Trump's presidential win has raised the bar for Beijing's fiscal stimulus plans, expected Friday.Business - CNBC - November 7 -
Cuban implies Trump's tariff threat having negative impact 'right now'
Billionaire and former Harris campaign surrogate Mark Cuban warned of the negative impact of President-elect Trump's tariff plans, which include a general tariff on imported goods and an additional ...Politics - The Hill - November 9 -
This chart shows the tariff threat might be less than feared
Morgan Stanley strategists say that while the U.S. represents 26% of the revenue for the companies in the MSCI Europe, only 6.6% is goods exported to the U.S. from outside.Business - MarketWatch - November 18 -
As Threat of Trump Tariffs Looms, Europe’s Leaders Seek Greater Unity
At a conference in Paris, corporate chiefs, finance ministers and top politicians called for a “Europe First” policy to counter Donald Trump’s protectionist agenda.Business - The New York Times - 5 days ago -
German gloom deepens as Trump tariff threat rattles exporters
Acute vulnerability to a trade conflict could push struggling economy into recession, analysts warnBusiness - Financial Times - 4 days ago -
China and Canada respond to Trump’s tariff threats and border comments – live
China’s embassy in Washington has responded to Trump’s announcement, saying that no one will win a trade war or tariff war’. Prosecutors drop federal cases against Trump Corey Lewandowski , ...World - The Guardian - 2 days ago
