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US president’s comments suggest no rush to secure an agreement with China
Your daily briefing on the news
Although inequality is growing in many western countries, concern about it is not
Dogged pursuit of goal within existing framework is opening up a range of risks
US and Asian stocks rally on hopes of easing trade tensions with China
A report for the Pentagon warns the US is falling behind China in telecoms
Calls for alternative gauges of socio-economic progress are growing
Economists are split on whether cuts lie ahead but outlooks could change if trade tensions worsen
Euro falls after ECB bond-buying hint triggers US accusation of currency manipulation
ECB president says central bank is focused on its price stability mandate
Trump’s trade representative tells Senate America has to be ‘realistic’ about its allies
Eurostat data show 5.2% rise in exports from bloc in April
Lending that lacks accountability contributes to unsustainable burdens
Trade fears, geopolitical tensions and Brexit weigh on executives’ outlook
Expectations grow that US central bank will move towards monetary easing
Businesses are being forced to compensate for economic nationalism and high tariffs
Amazon has shattered the Google-Apple duopoly to make it to the top spot of the Top 100 global brands ranking for the first time, showing the strength of brands that leverage an ecosystem of related products. Chinese companies have also left their mark, with the likes of Didi Chuxing and Xiaomi among the new entrants to the top brands list
Fresh selling in April reduces Beijing’s total holdings by $7.5bn to $1.1tn
