News

Latest Arena for China’s Growing Global Ambitions: The Arctic

The Arctic is thawing, and China is seizing the chance to expand its influence in the north. For China, the retreating ice potentially offers two big prizes: new sources of energy and a faster shipping route across the top of the world. New York Times

NYT DealBook Briefing: A U.S.-Europe Trade War Looms

President Trump’s attention on trade has largely been focused on China in recent weeks. But there’s a growing sense that he could soon turn his fight to Europe. The European trade commissioner, Cecilia Malmstrom, reportedly warned E.U. trade ministers that they “should brace” for U.S. tariffs on billions of euros worth of European goods over a dispute about Airbus subsidies. New York Times

The Bond Market Is Trying to Tell Us Something (Worry)

The bond market is sending powerful signals that there’s economic trouble ahead for the United States economy. They’re powerful enough, in fact, that they’re even rattling the parts of Wall Street that people do talk about. New York Times

Trump Administration Hardens Its Attack on Climate Science

In the next few months, the White House will complete the rollback of the most significant federal effort to curb greenhouse-gas emissions, initiated during the Obama administration. It will expand its efforts to impose Mr. Trump’s hard-line views on other nations, building on his retreat from the Paris accord and his recent refusal to sign a communiqué to protect the rapidly melting Arctic region unless it was stripped of any references to climate change. New York Times

Big tech and the trade war

On May 15th America’s Commerce Department said that companies would need a special licence to deal with Huawei, China’s hardware giant, which it deemed a threat to American interests (it later said the order would not take full effect for 90 days). The Economist

Economists are rethinking fiscal policy

Olivier Blanchard, a former chief economist of the IMF, told the annual meeting of the American Economic Association that there were many reasons to doubt the supposed costs of public debt. Since then Jason Furman and Larry Summers of Harvard University, both of whom advised Barack Obama on economics, have written in Foreign Affairs, a journal, that it is time to kill off the “debt obsession”. The Economist

Caught in the Trap – Heinz-Christian Strache, the head of Austria’s right-wing populist FPÖ party, met with a purported Russian multimillionaire on Ibiza in July 2017.

It’s an incredible video. It was created at the end of July 2017, three months before Austria’s general election that October. The video shows Strache, leader of the right-wing populist Freedom Party of Austria (FPÖ), and fellow party member Johann Gudenus, deputy mayor of Vienna at the time, meeting with a woman in a luxurious holiday villa on the Spanish island of Ibiza. Süddeutsche Zeitung

Highlights From the Video That Brought Down Austria’s Vice Chancellor

A secretly filmed video that led Heinz-Christian Strache, Austria’s far-right vice chancellor, to step down on Saturday is filled with eyebrow-raising moments, according to excerpts published by the German newsmagazine Der Spiegel and the newspaper Süddeutsche Zeitung. New York Times