The Economist (November 2)
“Investors betting on Aramco as the last oil major standing in 30 years’ time will have to consider the risk of revolution or invasion. Aramco’s flotation is a sign that the end of oil could be in sight. But it is also a reminder that the black stuff’s capacity to cause economic and political havoc will be undiminished for decades to come.”
Tags: Aramco. Oil majors, Economic, Flotation, Havoc, Invasion, Investors, Political, Revolution, Risk, Undiminished
Wall Street Journal (November 1)
In the U.S., “GDP growth accelerated to 3% for a time along with investment, but then came Mr. Trump’s trade interventions. More than the damage from tariffs, business confidence fell amid the uncertainty of what Mr. Trump might do next. This has led to slower growth that is reflected in roughly 2% GDP growth in the last two quarters…. The strong evidence is that trade policy is the main growth culprit.”
Tags: Business confidence, Culprit, Damage, GDP, Growth, Interventions, Investment, Tariffs, Trade, Trump, U.S., Uncertainty
Detroit News (October 31)
“No plant closures, fewer government ties and independence from other entangling partnerships means Fiat Chrysler Automobiles NV’s proposed merger with French automaker Groupe PSA has a better chance of success than it had with Renault SA, according to experts.”
Tags: Entangling partnerships, Fiat Chrysler, Government ties, Groupe PSA, Independence, Merger, Plant closures, Success
Reuters (October 30)
“Climate change will put three times more people at risk of coastal flooding by 2050 than previously thought… with swathes of Asia and cities in North America and Europe all vulnerable to rising seas.” According to the latest study, “300 million people are now living on land that is likely to flood at least once a year on average by mid-century… even if governments manage to make sharp cuts in emissions.”
Tags: Asia, Climate change, Coastal flooding, Emissions, Europe, Flood, North America, Vulnerable
