Stories By 'JACK EWING'
Central bankers have a favourite mantra: Patch the roof while the sun is shining.
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On a breezy day in September, an ominous text message appeared on Fredrik Ekstrom’s phone: Go immediately to the war room.
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President Trump’s trade war was supposed to make Europeans feel so much pain they would beg for mercy at the negotiating table. But it’s not working very well, according to a new study by the European Central Bank.
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When Carlos Ghosn was arrested on his private jet in Japan last month on charges of violating the nation’s financial reporting laws, Nissan promptly removed him as its chairman. At the French automaker Renault, the management stuck by Ghosn, its chief executive and chairman.
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President Trump has said he started a trade war to create jobs in America. But foreign carmakers that employ thousands of workers in the United States are gauging whether tariffs, the main weapon in that war, may compel them to shift jobs to, of all places, China.
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History suggests that the world is about due for another financial crisis. One of the places it might start, according to a growing number of indicators, is Italy.
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