Trump adds a dismal dimension to the US-China trade dispute | Jeffrey Frankel

President asserts that the recent depreciation of the yuan amounts to currency manipulation. Not trueThe trade war between the US and China is heating up again, with the US president, Donald Trump, abruptly announcing plans to impose a 10% tariff on th…

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Why Trump prefers Mario Draghi over Jerome Powell

As the US president at last gets his interest rate cut he must wish he could have had the bold ECB boss at the FedCentral bankers rarely say anything that sticks in the memory. Mark Carney has been at the Bank of England for the past six years and is k…

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Life is hard for retailers. But Sports Direct is in a crisis of Ashley’s own making

Government action is needed to preserve Britain’s high streets. But no law can protect a company from unrestrained ambitionEven by Mike Ashley’s standards, Sport’s Direct’s annual results statement on Friday was an extraordinary performance. The idiosy…

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US economy slows to 2.1% annual GDP growth in second quarter – business live

Rolling coverage of the latest economic and financial news as US figures show slowdown was less severe than expectedSports Direct shares fall as company delays results for a second time UK weather: rail travel disrupted after extreme heat causes chaosS…

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ECB signals it will move to boost growth amid fears of low inflation

Outgoing president says outlook is worsening and inflation is well below targetThe European Central Bank has given a clear signal that it will join the US Federal Reserve in seeking to boost global growth as it expressed concern about flagging levels o…

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Euro hits two-year low after ECB signals future stimulus – business live

Rolling coverage of the latest economic and financial news as Mario Draghi prepares central bank for interest rate cutsNissan to axe 12,500 jobs worldwide but Sunderland appears safeUK railways in chaos as searing heat sparks fear of derailed trainsUS …

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Central banks are facing a lose-lose proposition | Mohamed El-Erian

Unconventional policies may have staved off short-term economic collapse but they may not foster long-term growthIn recent years, central banks have made a large policy wager. They bet that the protracted use of unconventional and experimental measures…

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Christine Lagarde will have to confront Berlin if she’s to save the euro | Yanis Varoufakis

The incoming European Central Bank chief must call for an end to the eurozone’s suicidal fiscal rules, which have now run out of roadChristine Lagarde was a key member of the infamous troika – Greece’s official creditors – who crushed our people’s resi…

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