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BBC (February 21)

2019/ 02/ 23 by jd in Global News

“Chinese President Xi Jinping last year officially opened a bridge connecting Hong Kong to Macau and the mainland Chinese city of Zhuhai—the world’s longest sea crossing bridge—as part of China’s plan to connect Greater Bay Area.” This ambitious plan seeks to spur economic development and “lays out strategic visions for the major cities in the region to become hubs in different sectors.” For example, “Hong Kong would strengthen its status as a finance and trade hub” while Shenzhen would be a tech hub and “Macau would focus on tourism.” An impressive plan, but “analysts question whether its lofty goals can be achieved.”

 

New York Times (February 20)

2019/ 02/ 22 by jd in Global News

“By ramming through the sale of as much as $80 billion in nuclear power plants, the Trump administration would provide sensitive know-how and materials to a government whose de facto leader, Crown Prince Mohammed bin Salman, has suggested that he may eventually want a nuclear weapon as a hedge against Iran and has shown little concern for what the rest of the world thinks.”

 

Reuters (February 19)

2019/ 02/ 21 by jd in Global News

“With no deal in sight as Britain’s March 29 exit date approaches, supermarkets are stockpiling, working on alternative supplies and testing new routes to cope with an expected logjam at the borders but say they face insurmountable barriers.” One of the biggest is that you simply can’t stockpile fresh produce and other perishables. “Intense competition and slim margins in the British supermarket sector have also made contingency planning more complicated.”

 

Forbes (February 18)

2019/ 02/ 20 by jd in Global News

“Drawn by generous incentives and the opportunity to sell directly into a unifying Europe, the car industry became a poster child for inward investment.” Now the survival of this industry in the UK is at stake. Honda’s scheduled plant closing “comes after last month’s announcement of up to 4,500 job losses at Jaguar Land Rover and news that Nissan’s new X-Trail model is to be made in Japan, not Sunderland.” Furthermore, “Toyota and Ford have warned of negative consequences in the case of Britain editing the European Union without a negotiated deal.”

 

Los Angeles Times (February 17)

2019/ 02/ 19 by jd in Global News

“Persuading North Korean leader Kim Jong Un to give up his nuclear weapons will be a long and grueling process that will require President Trump to make significant concessions — and even then, the effort may fail.” Although Trump will want to “to claim spectacular results,” it is likely that any real accomplishments will only be found in “seemingly mundane details.”

 

The Economist (February 16)

2019/ 02/ 18 by jd in Global News

“Ageing and robots are more closely related than you might think. Young countries with many children have few robots. Ageing nations have lots.” South Korea, Singapore, Germany and Japan top the list, but there needs to be a shift in focus. “An ageing world needs more resourceful robots” that can help care for seniors “rather than take people’s jobs.”

 

Pound Sterling Live (February 15)

2019/ 02/ 17 by jd in Global News

“The British Pound is under pressure ahead of the weekend, holding the title of the worst-performing major G10 currency over the course of the past five trading days. Losses come as the government suffered a symbolic defeat…with pro-Brexit MPs voting against a motion tabled by the government.”

 

Financial Times (February 14)

2019/ 02/ 16 by jd in Global News

“Official figures from the Dutch investment agency show 42 companies relocated to the Netherlands last year citing Brexit as the reason. The investment has resulted in 1,923 jobs and €290m in investment. Sony and Panasonic have also announced plans to set up their European headquarters in the country.” But the good news may not last. “The Netherlands is likely to be one of the biggest EU losers from a hard Brexit given the close trading links between the two countries especially in fresh produce and the importance of Rotterdam, Europe’s busiest port, to British trade.”

 

Bloomberg (February 14)

2019/ 02/ 15 by jd in Global News

“From the start, Brexit has been marked by fantasy and deception. Now, with Britain on the doorstep of leaving the EU, reality is setting in.”

 

The Guardian (February 12)

2019/ 02/ 14 by jd in Global News

“GDP growth slipped to its lowest since 2012, at 1.4%, down from 1.8% in 2017.” The UK’s dismal performance in 2018 gave the lie to “Philip Hammond’s claim that Britain can reap an economic dividend from Theresa May’s Brexit deal…as official figures confirmed the UK has suffered its worst year for GDP growth since 2012.”

 

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