While India is often referred to as world's fastest-growing large economy, its currency has fallen by more than 12 percent this year against the US dollar. Gregor Irwin, chief economist at Global Counsel, says there are a number of factors contributing to it.
Some advice for business Global Counsel, an advisory firm, passed on a report published in Singapore by Peter Mandelson, former EU trade commissioner, and Carlos Gutierrez, former US Commerce secretary.
President Donald Trump signed legislation on Thursday that would reduce tariffs on nearly 1,700 imported products used by U.S. manufacturers — an uncharacteristic move for the leader who has shown an affinity for imposing tariffs on foreign goods.
On Wednesday, Gutierrez and Peter Mandelson, former European Union Commissioner for Trade between 2004 and 2008, published a paper titled "Navigating the global trading system crisis: What businesses need to know."
Liam Fox’s plan to take Britain into a trans-Pacific trade bloc after Brexit is not compatible with the strategy laid out by Theresa May at Chequers last month, trade experts said.
Commenting on British white paper, Gregor Irwin, Global Counsel Chief Economist said:
A move by President Donald Trump to impose tariffs on cars assembled in Europe would dramatically escalate trade tensions and produce a quick response from the European Union.
The European Union will chose its targets from US imports worth about €256 billion ($299 billion) each year.
It doesn't look like we're any closer at this point to knowing what Brexit is going to look like. The longer that goes on, what sort of damage is it doing to the UK economy?
The leaders of the world's largest economies are at each others' throats over tariffs. Should they be?
Europe is fighting back against President Donald Trump's attempt to isolate Iran with new rules aimed at protecting European companies from US sanctions.