Global economy

China’s trade with US slumps as tariff war hits demand – business live | Business – Business Article

8.59am BST 08:59 In another sign of economic weakness, car sales in China fell by 5.2% year-on-year in March. That’s follows a 13.8% slide in February, and means auto demand has been dropping since last summer. Henning Gloystein (@hgloystein) #China‘s #car sales fell 5.2% in March, marking the 9th straight month of decline in the world’s largest auto market. energy vehicle (NEV) sales however, which include #ElectricVehicles, soared by 85.4%… #Reuters #OOTT April 12, 2019 8.47am BST 08:47 Customs spokesman…

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Millennials being squeezed out of middle class, says OECD | Business – Business Article

Millennials in advanced economies around the world are being squeezed out of the ranks of the middle class, including in Britain, as pay growth stalls and house prices skyrocket, according to the OECD. The Organisation for Economic Co-operation and Development (OECD) said that for every every generation since the baby boom of the 1940s, across 40 major countries, the middle-income group had shrunk and its economic influence weakened. The Paris-based organisation, which represents 36 wealthy nations around the world, but…

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Oil prices rise to 2019 high as Libya civil war threatens supply – business live | Business – Business Article

2.16pm BST 14:16 A judge has discharged a jury in a trial against four ex-Barclays executives. You can read some more detail on the trial (10:39am) here: 2.10pm BST 14:10 Shares in Boeing are suffering ahead of the opening bell on Wall Street, after the US aircraft manufacturer said it will cut production of its 737 plane. Boeing said on Friday that it would make 20% fewer 737s following two deadly crashes in which malfunctioning safety features may have played…

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SMBs Are Punching Above Their Weight Amid Global Competition – Business Article

©iStock/yacobchuk Despite the challenges competing against global rivals, more than 80 percent of small and medium-sized businesses (SMBs) reported maintaining or growing revenue in 2018.  This is according to the inaugural State of Small Business Global Report by TradeGecko, a cloud-based commerce platform for growing companies, in collaboration with Golfdale Consulting. SMBs are the lifeblood of the global economy, making up over 95 percent of all firms and 60-70 percent of total employment. The report polled 573 product-centered commerce businesses…

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Huawei charges reignite trade war fears; Brexit hits Hargreaves Lansdown – business live | Business – Business Article

Acting Attorney General Matthew Whitaker announcing indictments against China’s Huawei Technologies Co Ltd, several of its subsidiaries and its chief financial officer Meng Wanzhou last night Photograph: Joshua Roberts/Reuters Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Hopes of a breakthrough in the US-China trade talks have taken a resounding knock, after American authorities hit technology firm Huawei with a string of criminal charges. The US Justice Department has…

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