Anyone dealing with absolute figures must always be careful. Reports are currently coming in from all over the country that China’s trade surplus has reached a record high of 1,000 billion dollars. Many media outlets consider this to be big news (here ), and French President Macron, during a visit to China, told the Chinese that their trade surplus was unsustainable and threatened them with European trade restrictions.
Economics
Kim Moody: Modern capitalism has opened a major new front for strike action – logistics
Capitalism’s new Achilles heel: logistic centres. Read here
EU politics
Forbes: Denmark And Poland Fire Warning Shot To Europe’s Tax Avoiders, ‘You Won’t Get Bailouts’
Poland and Denmark have sent a clear message to businesses that make use of tax havens, excluding them from government bailouts and coronavirus relief programmes. Read here
Economics
Shaun Richards – Is the ECB driving “like crazy at night with our headlights turned off”?
Another look at the interest rate policy of the European Central Bank Read HERE
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