How do you pay for an estimated $5.8 trillion tax cut? For President Donald Trump and Republican congressional leaders, that is the mostly unanswered $5,800,000,000,000 question. The plan they released Wednesday took a first step toward outlining how Republicans propose to cover some of the monumental cost over the next 10 years, mainly by removing […]
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ONE group of Facebook friends that Mark Zuckerberg recently decided were not worth hanging out with were its public shareholders, who expected to cross-examine him (via a lawyer) on September 26th in a Delaware court. At issue would have been Mr Zuckerberg’s plans to refashion the social-media firm’s share-ownership structure more in his favour. There […]
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THERE are 36 gradations in India’s archaic caste system, from the priestly to the supposedly untouchable. And then, somewhere below that, are the long-haul truck-drivers. Plying the subcontinent’s potholed highways for weeks at a time, few can settle into anything like a home life. Their marriage prospects are grim; venereal diseases and sore backs from […]
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DEATH does not end all uncertainties. News that Liliane Bettencourt, a glamorous 94-year-old Parisian heiress, died on September 20th has provoked a flurry of investor speculation over L’Oréal, the world’s biggest cosmetics company. She had held a controlling stake in the firm her father, an inventor of hair dyes, founded in 1909. Its market value […]
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RICHARD NESBITT, a former chief operating officer at the Canadian Imperial Bank of Commerce, has long been an evangelist for women in business. In “Results at the Top”, a book he wrote with Barbara Annis, he describes his efforts to convince men to promote women. When speaking to bosses, he stresses data showing that companies […]
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SEVENTH time lucky? Minutes of the Bank of Japan’s (BoJ) policy meeting in July, published on September 26th, showed that the central bank had, for the sixth time since 2013, pushed back the date at which it expected prices to meet its 2% inflation target—to the fiscal year ending in March 2020. Four-and-a-half years since […]
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One of the best-known leaders in the auto industry sees no growth in the US market
Carlos Ghosn, the chairman and chief executive of one of the world’s largest automotive groups, told CNBC he doesn’t expect the U.S. market to grow over the next few years. When asked whether the U.S. car market can still grow, Ghosn – a mogul of the auto industry – was unsure. “I’m not planning on […]
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Constitutional crisis looms in Spain as Catalonia looks to vote on independence
Despite various attempts by the Spanish government to stop a symbolic referendum on independence from being held in the wealthy region of Catalonia on Sunday, pro-separatists look set to hold a vote regardless. The national government in Madrid has said it will deploy police to prevent an independence vote on October 1, with orders to […]
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Brexit negotiations ‘could fall apart at any time,’ says former Bank of England policymaker
Ongoing talks between the U.K. and the European Union could break down at any point, according to a former member of the Bank of England. This is because the way that Brexit talks have been planned is actually denying the chances of a successful outcome, DeAnne Julius, founding member of the Bank of England’s Monetary […]
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European stocks seen higher on Trump’s tax plans; BOE’s Carney due to speak
Markets in Europe are set for a higher open on Thursday morning after President Donald Trump unveiled much-awaited tax plans. The FTSE 100 is seen higher by 5 points at 7,314; the CAC 40 is set to start 8 points higher at 5,289 and the DAX 30 is expected to begin the trading day up […]
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