• 10 things you need to know before the opening bell

    2 monthes ago - By Business Insider

    Here is what you need to know.
    The world's biggest shipping company warns that Trump's trade war could hurt America more than anyone else. While giving a presentation at his company headquarters on Friday, Maersk CEO Soren Skou said President Donald Trump's trade war could slow the US's annual trade growth by up to 4%.
    The midterm elections could paralyze a key instrument of Trump's agenda for the US economy. History suggests the Republicans will lose their House majority in the midterm election, which would most likely prevent the Trump administration from producing any other legislative...
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  • 10 pictures reveal the huge amounts of cash the people of Venezuela need to buy everyday things

    10 pictures reveal the huge amounts of cash the people of Venezuela need to buy everyday things

    2 monthes ago - By Business Insider

    In a plan designed to tackle hyperinflation, Venezuelan President Nicolas Maduro on Friday announced plans to raise his country's minimum wage and create a single exchange rate pegged to his government's petro-backed cryptocurrency, effectively devaluing the country's currency by 96%, Reuters reported.
    Venezuelans rushed to shops on Friday to stock up on goods before the monetary overhaul - which will remove five zeros from prices - takes effect.
    Hyperinflation has meant that piles of cash are needed to buy basic products. Images by Reuters show the daily realities of the crisis. A...
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  • The world's biggest shipping company warns Trump's trade war will hurt America more than anyone else

    The world's biggest shipping company warns Trump's trade war will hurt America more than anyone else

    2 monthes ago - By Chron

    Reuters
    The CEO of Maersk, the world's largest shipping company, says the impact of President Donald Trump's trade war will be bigger in the US than anywhere else.
    It could knock 4% off US trade annually, Soren Skou said at an event in Denmark.
    The impact would be particularly large, he said, if the US attempted to place tariffs on consumer goods coming from China.
    The CEO of AP Moller-Maersk, the world's biggest operator of container ships, has predicted that President Donald Trump's trade war will harm the US more than any other country.
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  • The world's biggest shipping company warns Trump's trade war will hurt America more than anyone else

    The world's biggest shipping company warns Trump's trade war will hurt America more than anyone else

    3 monthes ago - By Business Insider

    CEO of Maersk, the world's largest shipping company, warns the impact of President Donald Trump's trade war will be bigger in the US than anywhere else.
    It could knock 4% off US trade annually, Soren Skou said at an event in Denmark.
    The impact would be particularly large if the US attempted to place tariffs on consumer goods coming from China.
    The CEO of AP Moller-Maersk, the world's biggest operator of container ships, has warned that President Donald Trump's trade war will ultimately be more harmful to the US than any other country.
    Speaking at Maersk's global headquarters in...
    Read more ...

     

  • 10 things you need to know before the opening bell

    10 things you need to know before the opening bell

    3 monthes ago - By Business Insider

    Here is what you need to know.
    The world's biggest shipping company warns Trump's trade war could hurt America more than anyone else. While giving a presentation at his company headquarters on Friday, Maersk CEO Soren Skou said Trump's trade war could impact US GDP by "perhaps 3 or 4%."
    The midterm elections could paralyze a key instrument of Trump's agenda for the US economy. History suggests the Republicans will lose their House majority in the midterm election, and prevent the Trump administration from producing results similar to the recently announced tax overhaul, according to Steve...
    Read more ...