Global Air Freight Decline Now Worst Since 2008 Financial Crisis The escalating trade war between the US and China has accelerated the synchronized global downturn. Global exports continue to collapse, and the global Purchasing Managers Index (PMI) remains under 50, stuck in contraction territory. All of these ominous signals indicate a global trade recession could be imminent in 2020. New data from the International Air Transport Association (IATA) shows global air freight...Zero Hedge
Rolling coverage of the latest economic and financial news, as hopes of a trade war breakthrough this week grip marketsLatest: China open to ‘partial deal’, when talks resume tomorrowBank of England: trade war is hurting global growthIntroduction: trade talks resume, but relations look weakUS blacklists companies over Xinjiang abusesChina: US must stop “irresponsible remarks” 11.07am BST Investors are shaking off their earlier pessimism, and hoping that we might see some trade war progress...the Guardian
The trade war between the U.S. and China hasn't had an impact on Google's fast-growing cloud business, according to Google Cloud CEO Thomas Kurian.CNBC
The trade war between the United States and China could cut global growth by 0.5 points next year, French Finance Minister Bruno Le Maire said on Wednesday.U.S.
Reuters / Shannon Stapleton Shares of Peloton, a maker of connected-fitness equipment, opened 6.9% below their initial public offering price. The stock remained lower, down roughly 8%, in early trading. It marked the third-worst trading debut for a mega-IPO since the financial crisis a decade ago, trailing only SmileDirectClub and ADT. Peloton priced its 40 million shares at $29 a piece — the top of its marketed range of $26 to $29 — raising nearly $1.2 billion for the cash-burning...markets.businessinsider.com
ALEX EDELMAN/AFP/Getty Images The Trump administration will reportedly grant licenses to American companies to do business with Huawei, likely as a gesture of goodwill ahead of US-China trade talks this week. President Trump gave the go ahead last week to allow some US firms to supply non-sensitive goods to the blacklisted Chinese telecoms titan, the New York Times reported, citing people familiar with the matter. The green light may be largely symbolic, as US firms have still supplied goods to...markets.businessinsider.com
Global stocks rise on optimism about U.S.-Chinese trade talks; oil prices jump after Iran tanker attackABC News