Saudi king names son Abdulaziz to key post of energy minister

Abdulaziz bin Salman becomes first Saudi royal to head energy ministry, one of the countrys most vital roles Saudi Arabias King Salman has replaced the countrys energy minister with one of his sons, naming Prince Abdulaziz bin Salman to one of the most important positions in the kingdom. The new energy minister is an older half-brother to the crown prince, Mohammed bin Salman, and an experienced oil industry figure in Saudi Arabia. He has been minister of state for energy …

Why the left should argue for more immigration but not open borders | Carlo Invernizzi-Accetti

The US needs more immigrants to maintain current levels of economic growth and welfare provision but that doesnt mean unlimited migration The idea of proposed wall on the border with Mexico (whose construction actually regulation on immigration flows. Yet this is a weak position, for at least two reasons. First, states presuppose borders. Failing to control borders is not an immigration policy, but the lack of one. Its also a position likely to reinforce the already widespread perception that immigration …

Carly Fiorina Fast Facts

(CNN)Here’s a look at the life of Carly Fiorina, former Hewlett-Packard CEO and former 2016 Republican presidential candidate. Father: Joseph T. Sneed III, federal judge and law professor Mother: Madelon Montross Juergens, artist Marriages: Frank Fiorina (1985-present); Todd Bartlem (June 1977-1984, divorced) Children: Two stepdaughters with Frank Fiorina: Traci, 1971; and Lori Ann, 1974-2009 Education: Stanford University, B.A., 1976; University of Maryland, M.B.A., 1980; Massachusetts Institute of Technology, M.S., 1989; attended UCLA School of Law Other Facts:The first woman to …

Deutsche Bank CEO Investing 15% of Monthly Pay in Bet on Shares

Photographer: Alex Kraus/Bloomberg where his mouth is. The chief executive officer will invest 15% of his monthly net salary in the lender’s shares, starting with a 22,144 euro ($24,303) investment on Aug. 30, Deutsche Bank filings show. That goes beyond standard practice at German companies, where senior executives are frequently awarded stock as part of their bonuses. Sewing kicked off Deutsche Bank’s biggest overhaul in recent memory earlier this year after attempts by his predecessors failed to restore the globally-important …

To rescue democracy, we must revive the reforms of the Progressive Era

The playbook for taming industrial capitalism already exists. Its the essential starting point for reform today In Democracy in America, Alexis de Tocqueville offered a prescient warning for the friends of democracy. In a chapter called How Aristocracy Could Issue from Industry he observed that industrial capitalism would create economic inequality between owners and wage-workers and divide them culturally, morally, and socially. With the rise of industrial capital, Tocqueville feared there would be no genuine relationships between these two emergent …

White House insists Trump not having second thoughts on China trade war

Asked he is rethinking tariffs, president says: Sure. Why not? only for press secretary to say he meant he regrets not raising tariffs higher Donald Trump admitted on Sunday to having second thoughts about raising tariffs against China, sparking brief hopes of a possible truce in the trans-Pacific trade war. But his spokeswoman later insisted the only regret the president had was not imposing even greater tariffs. It appeared to be the latest incident in a White House pattern, in …

No deal will mean so many compromises for Britain: Trump will make sure of that

Concessions on food standards, data protection, taxes on tech giants EU membership was never like this Britains abject weakness as a trading nation is on full display in Biarritz at to eliminate the Northern Irish backstop depend on a continued alignment with the EU on trade to get around the problem of goods being checked at the border. Philip Hammond last year announced a less onerous 2% tax on search engines, social media platforms and online marketplaces with global turnovers …

G7 leaders to hold emergency talks over Amazon wildfires crisis

Brazils handling of fires to top agenda in Biarritz as France and Ireland threaten to block trade deal Leaders of the worlds major democracies are due to hold emergency talks this weekend on the wildfires engulfing the Amazon, as international efforts to force Brazil to change its deforestation policies gathered momentum. As heads of state and government were due to arrive at the G7 in Biarritz on Saturday, France and Ireland fuelled the fires. Other EU members were under pressure …

Trump’s threat of new China tariffs sparks backlash from US retailers

Industry warns of job losses and higher consumer prices after president targets another $300bn in imports US retailers were lining up on Thursday night against Donald Trumps threat to impose tariffs on a fresh $300bn of Chinese imports in September, if a August 1, 2019 Moodys Investors Service swiftly warned that the extra tariffs would prove to be an economic burden amid decelerating growth. The escalation of trade tensions will increasingly weigh on the global economy and supply chains in …

Trump’s threat to tax French wines labelled ‘completely moronic’

Retaliatory proposal follows Frances announced levy for US technology companies A threat by Donald Trump to tax French wines in retaliation to a proposed levy aimed at big US technology companies is completely moronic, Frances agriculture minister has said. French plans to place a 3% tax on the GAFAs Google, Amazon, Facebook and Apple drew an angry response from the US president, who warned last week that his administration would announce substantial reciprocal action. They shouldnt have done this, Trump …