Mar 2nd 2019

Politics this week

Politics this week

Indian fighter jets bombed what they said was a terrorist training camp in Pakistan, in retaliation for a suicide-bombing in India which killed 40 paramilitary police. Pakistan responded by sending warplanes to strike at targets in India. In the aerial battle that followed, both countries claimed to have shot down some of the other’s fighters. Pakistan captured an …

Business this week

Business this week

Donald Trump lifted a deadline of March 1st for China to agree to concessions on trade, after which he had threatened to increase tariffs on $200bn-worth of Chinese exports from 10% to 25%. The president tweeted that “substantial progress” was being made in negotiations with the Chinese and that he expected to meet his counterpart, Xi …

The Hanoi summit Trump and Kim walk away

The Hanoi summit Trump and Kim walk away

Talks break down without a deal. It could be a lot worse OH, THAT DIFFICULT second date. When President Donald Trump first met Kim Jong Un in Singapore in June last year, their talks achieved very little except a change of mood. But it was enough for Mr Trump to claim that he had prevented war …

Trouble at 3G Capital 3G Capital discovers the limits of cost-cutting and debt

Trouble at 3G Capital 3G Capital discovers the limits of cost-cutting and debt

The owner of Kraft Heinz is grappling with several problems NOT MANY consumers have heard of 3G Capital, an investment fund, but it controls some of the planet’s best-known brands, including Heinz, Budweiser and Burger King. In the business world 3G has become widely admired for buying venerable firms and using debt and surgical cost-cuts to boost their financial returns. But …

Nothing but the truth Michael Cohen’s turn in the barrel

Nothing but the truth Michael Cohen’s turn in the barrel

The testimony from the president’s former fixer was at once familiar and shocking FOR TEN years, Michael Cohen was Donald Trump’s attack dog. By his own estimate, the president’s former fixer threatened more than 500 people or entities at Mr Trump’s request. But in sworn testimony before the House Oversight Committee on February 27th, and armed …