Update: US Trade Deficit Jumps
The US trade gap with the rest of the world jumped to a 10-year high of $621bn last year
The US trade gap with the rest of the world jumped to a 10-year high of $621bn last year. Our regular economic commentator, Susan Schmidt, Head of US Equities at Aviva Investors, assesses how big a blow the widening trade gap is for President Trump. The extradition case of Meng Wanzhou - Chief Financial Officer of the Chinese telecoms giant Huawei, and daughter of the company founder - continues to be a stop-start affair. We get the latest from North America Tech Reporter, Dave Lee. Plus, Charles Scharf - CEO of the US financial giant BNY Mellon - has banned from June the kind of flexible arrangements that allow staff to work from home. That's prompted, inevitably, a landmark legal challenge from disgruntled employees. Lucy Tobin broke the story in the Evening Standard here in London.
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