The Economist (February 16)
“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)
“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.”
Tags: Brexit, Currency, Defeat, G10, Government, Losses, Pound, Trading, UK, Worst-performing
Financial Times (February 14)
“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.”
Tags: Brexit, EU, Headquarters, Investment, Losers, Netherlands, Panasonic, Port, Rotterdam, Sony, UK
Bloomberg (February 14)
“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)
“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.”
Tags: Brexit, Dismal, Economic dividend, GDP, Growth, Hammond, May, Performance, UK
Wall Street Journal (February 12)
“In Germany, a Cold War deal to host U.S. nuclear weapons is now in question” as debate “flares up for the first time since the 1980s.” Chancellor Merkel’s coalition partners “are reconsidering their support for a decades old arrangement that puts Germany under the U.S. nuclear shield, a development that could further undermine the country’s already-tense relationship with the Trump administration.”
Financial Times (February 12)
“One of the challenges faced by Tokyo as it prepares for the Olympics is living up to the last time it hosted the games, in 1964. The challenge is not practical (the games will in all likelihood run like clockwork) but thematic…. Today’s construction boom in central Tokyo… is being pitched as the renaissance of a city that has been straining for 30 years to pull off a second comeback.”
Tags: 1964, Challenges, Clockwork, Comeback, Construction boom, Olympics, Renaissance, Tokyo
New York Times (February 11)
“Before the fear of being blown up on a plane, or a train, or a sidewalk gave millions of people sleepless nights, before the threat of global climate disaster stirred dread, nuclear annihilation was the stuff of nightmares.” Then the U.S. and Russia took a step back. With the end of the INF Treaty and the Start Treaty set to expire, the nightmares may return. They shouldn’t. “Outspending Russia on a nuclear arms race, as Mr. Trump has bragged he would do, or abandoning an arms control regime that has helped forestall nuclear war for decades, is a foolish game of chicken, with no possible winners.”
Tags: Climate disaster, Fear, INF, Nightmares, Nuclear annihilation, Plane, Russia, Sleepless nights, Start, Threat, Train, Trump, U.S.
USA Today (February 11)
“Food shortages, sky-rocketing cheese prices, grounded airplanes, traffic jams, riots and yes, a repurposed Cold War-era emergency exit route for Buckingham Palace’s most famous 92-year-old wearer of colorful big hats, are just some of the warnings being sounded in Britain if the nation leaves the bloc it joined 46 years ago without securing a withdrawal deal with the EU that’s also acceptable to British lawmakers.”
Tags: Airplanes, Cheese, Emergency, EU, Food shortages, Lawmakers, Riots, Traffic jams, UK, Warnings, Withdrawal deal
The Economist (February 9)
Foxconn is scaling back its plans to build a giant plant in Wisconsin. “At first glance, the Foxconn reversal confirms that American manufacturing is in trouble.” Other “recent wobbles” have included a Tennessee plant closing by Electrolux and Caterpillar’s disappointing results. “A closer look, however, suggests manufacturing is undergoing a revival, especially among agile smaller firms and those using advanced techniques.”
Tags: Caterpillar, Disappointing, Electrolux, Foxconn, Manufacturing, Plant, Revival, Tennessee, U.S., Wisconsin
