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Monthly Archives: April 2018

Ethiopia has new prime minister, while China-style economics continue

Eric Lafforgue | Art in All of Us | Corbis via Getty Images Ethiopian farmers threshing grain with bullocks on January 18, 2017, in Lalibela, Ethiopia. Ethiopia’s population, the second largest in sub-Saharan Africa after Nigeria, has a median age of 18, according to Morley. “Clearly, far greater private-sector involvement …

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Wynn shares rise on report MGM could be interested in buying casino rival

Shares of Wynn Resorts rose Friday after a report said MGM Resorts could be interested in buying its casino rival. MGM’s expressed interest in Wynn came from back-channel approaches, sources familiar with the situation told the New York Post. Despite earlier claims by MGM chief executive James Murren that it …

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No tariff talks yet with China, but ‘this is not a trade war’

Getty Images Larry Kudlow, Director of the National Economic Council, speaks to reporters outside the White House April 4, 2018 in Washington, DC. Tariff negotiations with China have not started, though the White House hopes they will bear some fruit and prevent a trade war, National Economic Council Director Larry …

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China will not hesitate with ‘major response’ to new tariffs: Ministry of Commerce

Zhang Peng | LightRocket | Getty Images TESCO Soybean products sold in a Chinese supermarket, April 5, 2018. If the U.S. goes through with an additional $100 billion in tariffs, China will not hesitate to fight back and is already prepared to, the Ministry of Commerce said. “We will immediately …

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Incyte, Merck shares slide after melanoma therapy fails study

Emile Wamsteker | Bloomberg | Getty Images Pedestrians walk across the street from a Merck & Co. facility in Summit, New Jersey Incyte said on Friday an independent committee concluded that its drug for a type of skin cancer in combination with Merck’s Keytruda failed to meet the main goal …

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No problem with US trade deficit, professor says

Pool | Getty Images Chinese President Xi Jinping and U.S. President Donald Trump attend a welcoming ceremony November 9, 2017 in Beijing, China. ‘What is the problem you are trying to fix?’ In the final three months of 2017, the U.S. current account deficit widened by more than analysts had …

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Miriam Sapiro on US-China trade war, Donald Trump’s $100 billion additional tariffs

Mark Wilson | Getty Images U.S. President Donald Trump waves as he departs from the White House on July 12, 2017 in Washington, DC. It’s unfortunate that President Donald Trump has chosen to add fuel to an already heated spat with China just as officials from both countries have signaled …

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South Korean court finds ousted Park guilty of bribery

Jeon Heon-Kyun | Getty Images South Korean President Park Geun-Hye makes a speech during an address to the nation, at the presidential Blue House in Seoul on November 29, 2016. A South Korean court found former President Park Geun-hye guilty of bribery on Friday over a scandal that exposed webs …

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Trump’s latest tariff threat is a ‘ridiculous’ attempt at intimidation: Chinese state media

Jonathan Ernst | Reuters President Donald Trump and China’s President Xi Jinping leave after an opera performance at the Forbidden City in Beijing, China, November 8, 2017. Financial markets have been unnerved for days by the trade fight and Trump’s management of it, with the president’s latest salvo sending U.S. …

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How John Bolton as national security advisor could impact Pakistan

Drew Angerer | Getty Images John Bolton, former United States Ambassador to the United Nations, waves as he leaves Trump Tower, December 2, 2016. President Donald Trump’s choice to tap John Bolton as national security advisor is widely expected to produce more hawkish U.S. foreign policy on rogue states such …

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