Trump says China-US trade deal could wait until after 2020 election

Shares tumble after president claims tariffs are hurting rival more than America Donald Trump has warned that a trade deal with China could be more than a year away in comments that sent shares in Britains top 100 companies and US stock markets tumbling. Speaking at the Nato summit in London, the US president said the US was doing very well from on course to sign a first-stage deal with the US, and Washingtons silence was read as tacit approval. But only days later a new tax imposed by Paris on the sales of digital services providers. The US president said France had been wrong to hit American tech firms with a 3% levy on their global revenues. Trump denied …

Black Friday sales are fueling fashions dark side | Eva Kruse

We are producing and consuming fashion at a rate like never before and mass shopping sales are simply fanning the flames This morning I opened my inbox to find reams of emails mid-season sale, 50% off, exclusive offer enticing me to grab the best deal while it lasts. When were barraged by messages from the fashion industry to buy more, its hard to resist and I have easily succumbed to these temptations in the past. We are now producing and consuming fashion at a rate like never before. Since 2000, Europeans have purchased more pieces of clothing but spent less money in doing so: clothing prices in the EU have half as long as they did 15 years ago. Yet …

In the retail crisis, the shutters are coming down even in New York

Visitors to Manhattan are finding that several retail landmarks are fading fast There is a lot to do in Manhattan but shopping? Maybe not so much these days. Once one of the hottest markets on the planet, New Yorks retail sector is suffering. Surveying the empty storefronts on Fifth Avenue, holidaymaker Gill Stewart, from Stokesley in Yorkshire, said she was surprised by the number of vacancies. Weve come across a few places that are empty or under refurbishment, certainly many more than we expected, she said. As the family wondered which direction to go in, Stewart noted that her teenage children, Nathan and Eleanor, werent even clamouring to visit the shops. Her daughter confirmed that the focus of their New …