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GOP bets that tax bill will unlock corporate cash overseas
Category: Government
Republicans and major technology firms who support a tax overhaul have touted reforms that they say will bring offshore profits back into the country, boosting U.S. tax revenue and benefiting the economy. But critics are skeptical of those claims, doubting that both the House and Senate versions of the tax bill give companies like Apple […]
Source: The Hill
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A new ‘electric highway’ is going to connect Europe from Norway to Italy
Category: Automobile / Transport
A few days after announcing its massive electric vehicle charging infrastructure expansion, European electric utility E.ON elaborated on its actual plan to rollout charging stations across Europe – including an ‘electric highway’ of ‘ultra-fast charging stations’ that will connect Norway to Italy. Aside from the announcement that they will have as many as 10,000 charge points by 2020 […]
Source: Elctrek
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Norway Oil Bosses Insist End Isn’t Nigh After $35 Billion Shock
Category: Energy
Can Norway dump $35 billion in oil and gas investments, and simultaneously convince that same industry to throw money into the country’s own fossil-fuel future? After the initial shock of learning that Norway’s $1 trillion wealth fund wants nothing to do with it, the petroleum industry says both are in fact possible. But the mood is shifting. […]
Source: Bloomberg
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The gaping US trade gap: A sign of weakness? Not necessarily
Category: Government
President Donald Trump ripped into one of his favorite targets Thursday in Beijing: The United States’ “shockingly” large trade deficit with China. “I blame past administrations,” Trump declared, “for allowing this out-of-control deficit to take place and grow.” America’s lopsided trade relationship with China and with the rest of the world is a familiar theme for Trump […]
Source: ABC News
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U.S. Block of WTO Appeals Body Compromises System, Director Says
Category: Government
The Trump administration’s decision to block new appointments to the World Trade Organization’s appellate body is compromising the ability of the system to resolve disputes, according to WTO Director-General Roberto Azevedo. Speaking in Vietnam on the sidelines of Asia-Pacific Economic Cooperation forum meetings, Azevedo called for a quick resolution to the dispute, saying it was already impacting the […]
Source: Bloomberg
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