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By Heather Scoffield Economics Columnist Tues., May 14, 2019 Playing chicken, gaslighting, and nasty, foreshadowing tweets — Canada’s experience with White House trade negotiations may be a distant memory now, but those recollections could prove useful during these days of U.S.-China brinksmanship. As markets oscillate wildly, lurching from tweet to tweet, Canada has been there, done that, and can perhaps take a less panicked view of the trade war that’s turning the global economy upside down. Of course, the U.S.-Canada relationship is different than the U. S-China relationship, but we were a dry run for the protectionist president. If there were a handbook on how Donald Trump’s White House handles trade negotiations, Canada’s experience would be a case study in many tactics. Some of the points the handbook would make: Playing chicken: Trump’s team has a penchant for issuing threats to win concessions. In the NAFTA talks, … [Read more...] about Canada was Donald Trump’s warm-up for China trade talks
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What’s at stake for Europe Inc in a trade spat with Washington
LONDON: Europe's listed companies are expected to generate 1.2 trillion euros (£1.04 trillion) in revenue from the United States this year, highlighting what's at stake as global trade tensions grow and earnings and economic growth stall.Analysts and investors say that based on revenues, European companies are more vulnerable to a dispute than their competitors in the United States.U.S. President Donald Trump is due to decide by Saturday whether to impose duties on car imports, potentially posing another significant threat to global growth and denting Europe's prized auto sector.Washington's renewed tensions with Beijing may distract Trump and delay a decision beyond the May 18 deadline, or he may crank up his protectionist push with a global trade war on two fronts.Last month, he also threatened to impose tariffs on hundreds of European goods, from cheese to ski suits, worth US$11 billion.The impact on Europe's top firms could be profound - with slowing economic growth and some … [Read more...] about What’s at stake for Europe Inc in a trade spat with Washington
One year on, Pakatan Harapan’s allure fades for Malays
Malaysia's one-year-old Pakatan Harapan (PH) government believes it has done plenty for the country's dominant Malay-Muslim community - from spending billions of ringgit to bail out troubled agencies like pilgrimage fund Tabung Haji and land development agency Felda, to cracking down on corruption and recovering embezzled state funds. Yet these high-level moves have barely registered, especially among rural Malays who struggle with high living costs and fear their ethnic privileges are being eroded. Many of them had voted for a change of government, believing that the removal of the former administration's goods and services tax (GST) would result in lower prices. But this has not been the case. Malays make up 74 per cent of the B40 group - the bottom 40 per cent of low-income earners - which comprises families with household incomes below RM4,360 (S$1,430) a month. A second-generation settler from Felda's Sendayan settlement in Negeri Sembilan, who declined to be named, told The … [Read more...] about One year on, Pakatan Harapan’s allure fades for Malays
Jonvic Remulla’s supporters nabbed for ‘vote buying’
Jonvic Remulla’s supporters nabbed for ‘vote buying’ Emmanuel Tupas (The Philippine Star) - May 6, 2019 - 12:00am MANILA, Philippines — Ten supporters of Cavite gubernatorial candidate Juanito Victor “Jonvic” Remulla were arrested for allegedly engaging in vote buying in Bacoor on Saturday. Arrested were identified as Teresita Marjes,Irene Morales, Elsie Alano, Jayson Alab, Rex del Rosario, Jose de Leon, Gregorio Tamio, Michael Omedes, Joselino Villa and Jowel Sale. They were allegedly caught distributing money to voters in Barangay Zapote 5 at around 6 p.m. In a statement, Remulla admitted the suspects were his supporters, but denied they were engaging in vote buying. Remulla said they were his poll watchers receiving their allowances for the midterm elections. Police said they seized from the suspects bundles of brown envelopes each containing P200, T-shirts marked with the names of Remulla … [Read more...] about Jonvic Remulla’s supporters nabbed for ‘vote buying’
Jokowi’s re-election would be vote for continuity
We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Until we resolve the issues, subscribers need not log in to access ST Digital articles. But a log-in is still required for our PDFs. … [Read more...] about Jokowi’s re-election would be vote for continuity