Wall Street Journal found that more than 4,000 items for sale on Amazon have been declared unsafe by federal agenciesAmazon has removed hundreds of toxic and unsafe products from its site after a Wall Street Journal report found thousands of listings f…
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The Guardian view on the global economy: opportunities wasted | Editorial
The G7 summit in Biarritz this weekend will fail to rise to any of its urgent challengesRarely has there been more need of collective action on the world’s problems than at the G7 summit hosted by Emmanuel Macron in Biarritz this weekend. Rarely have t…
Read moreTrump escalates attacks on China and threatens to raise tariffs
President ‘hereby orders’ US firms to seek alternative locations and suggests Fed Chair is an ‘enemy’Donald Trump escalated his attacks on China on Friday, bumping up tariffs on Chinese imports and ordering US companies to leave China.Trump’s announcem…
Read moreDavid Koch, billionaire industrialist and Republican mega donor, dies aged 79
Koch and brother Charles championed conservative causesDavid Koch was also a major cultural philanthropistDavid Koch, one half of the double act of the billionaire Koch brothers who used their vast wealth as energy tycoons to transform rightwing politi…
Read moreDeutsche Bank to pay $16m to settle US ‘princelings’ case
Regulator had said it corruptly hired unqualified relatives of foreign officials to win businessDeutsche Bank has agreed to pay $16m (£13m) in a civil settlement with the US authorities after allegations that it hired unqualified relatives of powerful …
Read moreThe next global recession will be immune to monetary solutions | Nouriel Roubini
Unlike in 2008, we now face the consequences of three potential negative supply shocks There are three negative supply shocks that could trigger a global recession by 2020. All of them reflect political factors affecting international relations, two in…
Read moreFrench wine-makers hope for G7 detente with Trump over tariffs
Trump has threatened high tariffs on French wine in response to Macron’s tech taxFrench wine-makers are increasingly concerned about Donald Trump’s threats to introduce high tariffs on French wine in retaliation for Emmanuel Macron’s tax on global tech…
Read moreFive things Congress may do that will affect your business this year
And three that Congress will probably not do but will dominate the newsThe August lull is upon us so let’s all be grateful. We can definitely use a few weeks of the congressional recess to at least try and forget about the ugliness in Washington and in…
Read moreHasbro buys Peppa Pig owner Entertainment One in £3.3bn deal
UK-listed firm is latest one to be targeted by a foreign buyer amid no-deal Brexit fearsHasbro, the US toymaker behind My Little Pony and Play-Doh, has snapped up the Peppa Pig owner Entertainment One in a £3.3bn takeover.The deal, which sent Entertain…
Read more‘It’s devastating’. End of GM in Ohio town as Trump fails to bring back midwest jobs
Closing of Chevrolet plant is latest blow in a slow, painful decline in Lordstown – an area that has suffered more than most from the outsourcing of jobs overseasFor years, the General Motors plant in Lordstown, Ohio, employed 8,000 workers in the Maho…
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