economic · economic

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Father figure Carlo Ancelotti will have a plan for Brazil. He always has a plan

S5

For anyone outside the dressing room it is hard to predict what the Mister will do but he will be prepared for Japan on Monday The 2022 Champions League semi-final. The Santiago Bernabéu. More than 60,000 fans in the stands, and Manchester City leading 1-0. I was on the Real Madrid bench when Carlo Ancelotti called me over and told me to get on the pitch, play aggressively and decide the match. I stepped on to the field in the 68th minute. In the 90th minute, I equalised but we still trailed by a goal on aggregate. We restarted, and the next minute I scored again to force extra time. We won and the rest is history: another title for the club after beating Liverpool in the final. I bring up this moment to highlight how important coaches are to a team’s journey and how decisive they are in a player’s career, doing work that often goes unseen by the public. Continue reading...

4 days ago

economic · economic

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Can USMCA Survive Trump’s Second Term?

S7

As Canada, Mexico, and the United States begin reviewing the USMCA trade pact, former diplomats and trade negotiators say the stakes extend far beyond tariffs. Former Canadian Ambassador Kirsten Hillman, former Mexican Ambassador Gerónimo Gutiérrez, and former US trade counsel Kelly Ann Shaw argue that the agreement now underpins everything from supply chains and agriculture to intellectual property and investment. While disagreements remain over autos, China, and industrial policy, all three say the bigger question is whether North America can strengthen its economic integration while adapting to a rapidly changing geopolitical environment. (Source: Bloomberg)

4 days ago

economic · economic

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China isn’t Europe’s real problem

S5

Generals losing a war examine the enemy, battlefield and their own forces. Brussels prefers a different sequence, ordering new weapons first and worrying about the diagnosis later. That instinct was on display at the recent European Council meeting. Faced with a trade deficit it cannot close and dependencies it cannot shake, the European Union agreed on a new label: “global macroeconomic imbalances”. To solve them, European Commission president Ursula von der Leyen was reportedly directed to...

4 days ago

economic · economic

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Why the US Needs its Neighbors for Energy

S7

Unlike autos or agriculture, North America’s energy trade does not function as a single, integrated three-country system. Instead, it operates through two powerful bilateral relationships: Canadian oil flowing south into US refineries and American natural gas powering Mexico’s economy. Howard Energy Partners CEO Mike Howard says roughly 70% of Mexico’s energy comes from the United States, while former Canada Energy Regulator CEO Gitane De Silva notes that about 60% of US oil imports originate in Canada. As USMCA negotiations approach, energy executives, regulators, and policy experts largely agree on one thing: the current arrangement works remarkably well, and the best outcome may be to leave it largely untouched. (Source: Bloomberg)

4 days ago

economic · economic

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China leads in GPS-style, reconnaissance and anti-satellite abilities, US report says

S5

China has leapfrogged the United States in a few mighty important sectors of space technologies: GPS-style navigation, spy-in-the-sky reconnaissance and even the ability to knock satellites out of orbit, according to a report from a US think tank. The report from the Washington-based Information Technology and Innovation Foundation said China had rapidly built a powerful commercial space sector under strong state backing and was narrowing the innovation gap with the US. “If the United States...

4 days ago

economic · economic

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For an Africa seeking growth, China is proving a reliable partner

S7

On June 4, at a packing facility in Limuru near Nairobi, Kenya, avocados were being prepared for the Chinese market. The scene may seem mundane, but the politics behind it is significant. China has removed tariffs on imports from 53 African countries. African exporters are beginning to think about Beijing less as a distant buyer than as a market that could reshape their margins. When the UN projected 4 per cent gross domestic product growth for Africa for 2026, the figure landed quietly. No...

4 days ago

economic · economic

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Q1 updates, F&O expiry among 8 factors set to steer D-Street this week

S7

Indian markets head into a crucial week with investors tracking Q1 business updates, June F&O expiry, auto sales data, FII flows, crude oil prices, monsoon progress, US bond yields and key macroeconomic releases. While benchmark indices have remained resilient, profit booking in broader markets signals caution as traders assess domestic and global cues for the next leg of market direction.

4 days ago

economic · economic

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11 penny stocks plunge up to 55% in a month. Should investors worry?

S5

Over the past 1 month, 13 penny stocks have recorded sharp declines, falling between 20% and 55%. These underperformers were identified through a targeted screening approach focused on stocks with a market cap below Rs 1,000 crore, a share price under Rs 20, and a minimum recent trading volume of 5 lakh shares. The strategy aims to highlight low-priced, actively traded penny stocks that have experienced significant downside. (Data Source: ACE Equity)Although penny stocks often attract investors with their low entry prices and potential for rapid gains, they come with substantial risks. Due to low liquidity, high volatility, and limited transparency, they are prone to manipulation and sudden price drops. Without a clear strategy and strong risk controls, investors may face more losses than gains.

4 days ago

economic · economic

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Will Japan’s tourist visa fees, interest rate policy impact its booming property market?

S5

With Japan imposing higher visa fees for tourists from July while moving away from an ultra-loose monetary policy, foreign investors must prepare themselves for both direct and indirect impacts on their real estate assets, according to agents and analysts. There is a dearth of data on the total number of homes bought by non-residents in Japan, but agents said the two main reasons for purchasing were to either use them as a primary base while they explored the country’s tourist destinations, or...

5 days ago

economic · economic

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America’s Farmers Need USMCA More Than Ever

S7

For many American farmers, Canada and Mexico have become indispensable export markets at a time when trade disputes, weak commodity prices, and rising costs are already straining the agricultural economy. Iowa farmer Stu Swanson says many producers are operating on dwindling hope as financial pressures mount. CoBank CEO Tom Halverson argues that trade deals have helped US exports to Canada and Mexico grow roughly 600% since NAFTA’s creation. As negotiations begin, farmers are less focused on expanding the agreement than on preserving certainty and avoiding new disruptions that could further weaken an already fragile farm economy. (Source: Bloomberg)

5 days ago

economic · economic

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Why Krugman Thinks We Need Chinese Auto Tariffs

S7

As the United States, Canada, and Mexico prepare to renegotiate the USMCA trade deal, one industry sits squarely at the center of the debate: automobiles. Companies like Linamar depend on highly integrated supply chains that send components across borders multiple times before a vehicle is completed. Nobel laureate Paul Krugman argues that competition from China demands some trade barriers, while Council on Foreign Relations expert Shannon O’Neil says the region’s manufacturing strength depends on cross-border production. Supporters of the agreement warn that uncertainty poses the biggest risk to investment, jobs, and the future of a trade relationship that supports over a trillion dollars in annual commerce. (Source: Bloomberg)

5 days ago