And investing in dinosaurs
Also in today’s newsletter, emerging-market currencies sell off and Nasdaq board diversity rules thrown out
Developing economies also suffering from ‘confluence of bad news’
Governments are experimenting with industrial policy but tariffs are staying low
While the long-term trajectory of the fiscal debt will probably remain a concern, there are some potential incremental actions the incoming president could take
Figure matches Wall Street’s forecasts and clears way for Federal Reserve rate cut next week
Agreement with South American bloc is a chance to bolster free trade
Central bank has slashed borrowing costs five times this year in an effort to combat unemployment and boost growth
As Greek borrowing costs fall to French levels, the bloc’s ‘periphery’ shows the value of steady reform
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects you
Turbulence ahoi
Also in today’s newsletter, Microsoft poaches Google DeepMind staff, and court blocks The Onion’s purchase of Infowars
Parting shot at geopolitical rival is effort to shelter US manufacturers from green-energy powerhouse
US Treasury secretary says broad trade penalties might ‘significantly raise costs to households’
President-elect pledges to loosen environmental rules for big developers
Opportunities exist for the UK and its European neighbours, but they must grasp the nettle of economic reform
The FT's chief economics commentator speaks to the former US Treasury Secretary
No, but machines are making some serious progress
Chief economist Claudio Borio says governments will be ‘too late’ if they wait for investors to panic
Also in today’s newsletter, Lula in intensive care, and Wall Street’s ‘Merger Monday’
The third annual FT-Nikkei Investing in America report looks at how overseas companies are negotiating the newly uncertain investment climate in the US
Foreign investment could be hit if president-elect implements his more draconian policy promises
Stocks rise after Beijing signals more measures to boost economy
Focusing on the impact on the wages or employment levels of native workers is too narrow
Debate over trade strategy has become an ideological litmus test in which few are willing to acknowledge nuance
