WARC (November 19)
“More shoppers, GMV growth and the growing role of AI was the Singles Day story from Alibaba and JD.com, but the wider economy continues to feel the impact of China’s property slowdown.”
Tags: AI, Alibaba, China, Economy, GMV, Growth, Impact, JD.com, Property, Shoppers, Singles Day, Slowdown
Washington Post (November 18)
“Donald Trump’s return has delivered a jolt of shock therapy to Europeans already grappling with anemic economies, impotent leaders and rising populism. The urgent question is whether Trump 2.0 galvanizes Europe and impels reforms or hastens the continent’s decline.”
Tags: Anemic, Economies, Europe, Grappling, Impotent, Leaders, Populism, Reforms, Shock therapy, Trump 2.0, Urgent
Reuters (November 18)
“Renowned China hawks” like Robert Lighthizer, Mike Walz and Marco Rubio “are not the names Beijing wants popping up in President-elect Donald Trump’s early cabinet appointments. Markets agree, as the yuan has fallen about 2% against the dollar since Trump’s victory at the polls.” If Trump “follows through on threats to raise American tariffs on imports from China to as much as 60%” there will be more “downward pressure.”
Tags: Appointments, Cabinet, China, Dollar, Hawks, Imports, Lighthizer, Markets, Rubio, Tariffs, Threats, Trump, Walz, Yuan
Fortune (November 17)
“For investors who’ve enjoyed the S&P 500 Index’s more than 50% jump since the start of 2023, the best hope for keeping the market rolling into 2025 and beyond may be Trump’s fear of doing anything to damage a rally.” Many of Trump’s campaign promises weren’t exactly “investor-friendly,” with some considered market anathema. Still, “Wall Street doesn’t believe Trump will tolerate a declining stock market, even if it’s caused by one of his own proposals.”
Tags: 2023, 2025, 50% jump, Anathema, Campaign promises, Damage, Fear, Hope, Investors, Rally, S&P 500, Stock market, Trump, Wall Street
The Guardian (November 16)
Trade experts like Pascal Lamy are warning that the UK will have “to take sides” if the new Trump “administration slaps hefty tariffs on imports, as fears grow over possible trade war.” That will likely mean choosing between the EU and the US As trade “between the UK and Europe is three times larger than between the UK and US,” Lamy does not think “the UK will decide to leave the EU norms of standards, to move to the US one.”
South China Morning Post (November 14)
“China’s trade with Russia is set to hit new highs this year as payment barriers have been partly addressed in recent months, but analysts warned that US president-elect Donald Trump’s return could be accompanied with more hits to bilateral trade.” Continuing financial sanctions are another potential complication to “Russia’s efforts to sell products to China.”
Tags: Analysts, Bilateral trade, China, Financial sanctions, Highs, Payment barriers, Russia, Trade, Trump, U.S.
Wall Street Journal (November 13)
“South of the border, China is ascendant,” having successfully “capitalized on U.S. indifference in Latin America.” The world’s second most populous nation has now “replaced the U.S. as the dominant trading partner for most big economies, with the exceptions of Mexico and Colombia.” Beijing has also “signed up most of Latin America and the Caribbean to an infrastructure program that excludes the U.S.”
Tags: Ascendant, Big economies, Border, Capitalized, China, Colombia, Dominant, Indifference, Latin America, Mexico, Trading partner, U.S.
New York Times (November 12)
“Darren Woods, the chief executive of Exxon Mobil, cautioned President-elect Donald J. Trump on Tuesday against withdrawing from the Paris agreement to curb climate-warming emissions, saying Mr. Trump risked leaving a void at the negotiating table.”
Tags: Cautioned, CEO, Climate-warming emissions, Exxon Mobil, Negotiating table, Paris Agreement, Trump, Withdrawing, Woods
Fortune (November 11)
“Russia’s inflation has gone from bad to worse as it continues to wage war against Ukraine, causing even everyday goods to feel out of reach for the average person.” For example, “the price of a slab of butter has increased by 25.7% since December, prompting a slew of thefts across Russia and highlighting the state of the wartime economy.” To prevent shoplifting, supermarkets and retailers are now “attaching anti-theft tags to cans of meat… butter and other grocery staples.”
Tags: Anti-theft tags, Butter, Economy, Grocery, Inflation, Meat, Price, Retailers, Russia, Shoplifting, Supermarkets, Thefts, Ukraine, War
Investment Week (November 11)
UK retail investors are left struggling “to fully embrace the Sustainability Disclosure Requirements (SDR) and… questioning their practical meaning.” A survey of 30 private investors found “many expressed doubts about the need for sustainability labels in the first place, as they claimed they would consider responsible investments regardless of whether funds had adopted an SDR label.” The consensus was that “having one of the four labels adds ‘very little value’ if any to the products in question, as they would prefer a focus on the ‘tangible facts and figures.’”
Tags: Doubts, Funds, Need, Responsible investments, Retail investors, SDR label, Struggling, Sustainability Disclosure Requirements, Tangible facts, UK
