Trade

Brexit Britain stuck in the middle as US and EU go to war over trade

Brexit Britain stuck in the middle as US and EU go to war over trade

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Press play to listen to this article Expressed by artificial intelligence. LONDON — Three years after leaving the EU to chart its own course, Britain finds itself caught between two economic behemoths in a brewing transatlantic trade war. In one corner is the United States, whose Congress passed the Biden administration’s vaunted $369 billion green …

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Dutch chip tool maker ASMI warns of escalating trade tensions

Dutch chip tool maker ASMI warns of escalating trade tensions

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The head of Europe’s second-biggest semiconductor equipment maker has warned that the United States is mounting pressure on its allies to ensure that the world’s major chip companies comply with Washington’s strict export controls on the China. Benjamin Loh, managing director of Dutch company ASM International, which develops equipment for the production of semiconductor wafers …

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People shop for Christmas trinkets in Bryant Park's Winter Village

Small businesses and buyers return to holiday markets | Finance & Trade

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NEW YORK — On a recent evening in early November, shoppers at New York’s Bryant Park Holiday Market were in the holiday spirit long before Black Friday. The smell of pine drifted from the stalls of candle vendors, people bought gingerbread cookies and hot apple cider, and ice skaters swirled around the ice rink in …

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US oil hits lowest price of the year thanks to China as OPEC+ exit decision looms

US oil hits lowest price of the year thanks to China as OPEC+ exit decision looms

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Benchmark oil futures in the United States touched their lowest price of 2022 on Monday, briefly erasing what had been a sizable gain since the start of the year as China’s zero COVID policy was is wreaking havoc on energy demand expectations. The price move came less than a week ahead of a Dec. 4 …

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Investment: Active or Passive?

Investment: Active or Passive?

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The merits of active and passive investing have been debated for years. On average, 35% of active equity funds outperformed their passive counterpart in the 12 months ending June this year, according to Morningstar’s Asset/Liability Barometer, which tracks the performance of 30,000 European-domiciled funds managing €7 billion (£6 billion) in assets. Active and passive: the …

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United Furniture lays off its entire workforce Monday night before Thanksgiving

United Furniture lays off its entire workforce Monday night before Thanksgiving

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United Furniture laid off its entire workforce on the night of Monday, November 21. About 2,700 employees lost their jobs, most of whom live in northeast Mississippi. The Daily Journal provides updates throughout the day on this developing story. CREATE, the Salvation Army mobilizes to help affected families (3:48 p.m. update) The sudden overnight layoff …

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Rishi Sunak rules out Swiss-style trade deal with EU

Rishi Sunak rules out Swiss-style trade deal with EU

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British Prime Minister Rishi Sunak has ruled out any Swiss-style alignment with EU laws to strike a trade deal with the bloc, promising instead that existing Brexit deals could “bring enormous benefits to the country. “. Speaking at the CBI’s annual conference in Birmingham on Monday, Sunak came under pressure to meet two key trade …

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Asia-Pacific leaders condemn war, renew calls for open trade

Asia-Pacific leaders condemn war, renew calls for open trade

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BANGKOK (AP) — Leaders across Asia-Pacific have called for an end to Russia’s war on Ukraine and pledged to steer the region’s economies towards sustainable growth as they wrapped up summit meetings on Saturday. Host Thailand won a diplomatic coup by successfully bridging the rifts among the 21 members of the Asia-Pacific Economic Cooperation forum …

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