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French Presidents Once Acted Like Referees. Then Came Emmanuel Macron

French Presidents Once Acted Like Referees. Then Came Emmanuel Macron

The country’s new leader is moving rapidly to reshape France in his own image, revamping labor laws, co-opting opposition political parties and dividing union leaders. The question now is whether his free-market blitz will stick.

Published 5 months ago

Celgene Nears Deal to Buy Impact Biomedicines for as Much as $7 Billion

Celgene Nears Deal to Buy Impact Biomedicines for as Much as $7 Billion

Celgene is nearing a deal to buy cancer biotechnology concern Impact Biomedicines for as much as $7 billion, according to people familiar with the matter.

Published 5 months ago

Iran to ban teaching of English in primary schools

Iran to ban teaching of English in primary schools

Move to slow ‘cultural invasion’ from west comes in wake of street protests

Published 1 second ago

Peter Sutherland, dubbed father of globalisation, dies

Peter Sutherland, dubbed father of globalisation, dies

Globetrotting Irishman persuaded 123 countries to agree agriculture and textiles rules

Published 1 second ago

Bannon Apologizes for Role in Book Critical of White House

Bannon Apologizes for Role in Book Critical of White House

Former Trump senior strategist Stephen Bannon apologized for his role in a new book critical of the Trump administration as senior White House officials sharpened the White House’s attack on it.

Published 5 months ago

Hospitals Wrestle With Shortage of IV Bags, Linked to Hurricane

Hospitals Wrestle With Shortage of IV Bags, Linked to Hurricane

The U.S. is facing a nationwide shortage of intravenous bags because of production woes linked to the Puerto Rico hurricane, forcing many hospitals to use more time-consuming ways to administer drugs.

Published 5 months ago

Economists Stick With Long View for Slower U.S. Growth Despite Recent Uptick

Economists Stick With Long View for Slower U.S. Growth Despite Recent Uptick

U.S. economic growth picked up last year and could continue into 2018, but economists who study the long-run outlook aren’t budging much from their projections that output growth will remain far slower than its historical average in the years ahead.

Published 5 months ago

Amazon’s Alexa to Meet Google’s Assistant in a Las Vegas Showdown

Amazon’s Alexa to Meet Google’s Assistant in a Las Vegas Showdown

Amazon.com Inc. and Google are going to the big CES dance this week, looking to find love for their voice-operated platforms.

Published 5 months ago

Airbus woos China with A380 industrial partnership offer

Airbus woos China with A380 industrial partnership offer

European manufacturer battles to boost orders for passenger jet with Chinese airlines

Published 1 second ago

Can secular stagnation morph into secular expansion?

Can secular stagnation morph into secular expansion?

In the last few years, it has become widely accepted that the global economy has been mired in a depressed condition that Lawrence Summers has called secular stagnation. Although this term was widely deemed to be too pessimistic when Summers first used it in 2013, it soon gained traction among central bankers, whether or not they chose to admit it. The equilibrium real interest rate, r*, was revised downwards almost everywhere. As a result, policy rates were held “lower for longer”, and global central bank balance sheets continued to expand rapidly.

Published 1 second ago

Dozens Missing After Iranian Tanker and Chinese Freighter Collide

Dozens Missing After Iranian Tanker and Chinese Freighter Collide

An Iranian oil tanker collided with a bulk freighter and caught fire off China’s eastern coast, leaving 32 crew members missing, most of them Iranians, authorities said.

Published 5 months ago

Mike Duggan: how I halted Detroit’s decline

Mike Duggan: how I halted Detroit’s decline

The city’s infrastructure is working again, and it is bidding to host Amazon’s HQ

Published 1 second ago

Three trends to move markets in 2018

Three trends to move markets in 2018

Wages and corporate spending among the topics to watch in business and economics

Published 1 second ago