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U.S. President-elect Donald Trump has called tariffs “the most beautiful word in the dictionary.” That is not how other world leaders and CEOs see it. If Trump follows through on his proposal to impose 60 percent tariffs on China and 20 percent on other countries, the potential for disruption and chaos is significant. But beyond […]
U.S. President-elect Donald Trump, the self-proclaimed “tariff man,” campaigned on the promise of ratcheting import duties as high as 60 percent against all goods from China, and perhaps 20 percent on everything from everywhere else. And he might be able to do it—including by drawing on little-remembered authorities from the 1930 Smoot-Hawley Tariff Act, the […]
There are few circumstances under which inflation can be comforting. But in the wake of Donald Trump’s victory over Vice President Kamala Harris in the U.S. presidential election, one of them appears to be when it serves as an alibi for an electorate’s sharp turn toward meanness, selfishness, and a hard-edged type of identity-centered nationalism. […]
December interest rate cut unlikely despite summer slowdown High interest rates also weighed on the UK economy over the summer. The Bank of England kept interest rates at a 16-year high of 5.25% until August, when it cut them to 5% (followed by a cut to 4.75% last week). Suren Thiru, ICAEW economics director, suspects […]
Pittsburgh’s tech ecosystem is on a powerful upward trajectory. With momentum building steadily over the past few years, 2024 has been no exception. Located at the crossroads of the Midwest and Mid-Atlantic, Pittsburgh has long been the economic heart of Southwestern Pennsylvania. Despite having a population of just 2.5 million in its metro area, making […]
Trump trade drives pound down to four-month low against the dollar Donald Trump’s election victory last week is continuing to shift the markets. The pound has dropped to its lowest level against the US dollar since early July this morning, down half a cent to $1.2653. On election day, sterling was worth $1.30, but it […]
Today, we’re excited to share Intercom’s latest guide – The New Economics of Customer Service. In this guide, we unpack how AI enables support teams to offer high-quality support at scale, in an efficient and cost-effective way. ⚡️ Ready to dive straight in and learn how AI broke the linear customer service growth model? Grab […]
The state of Pittsburgh’s tech economy in 2024 is undeniably optimistic. That’s clear from the millions of dollars that poured into the region this year for workforce development, attracting new businesses and fostering growth of key sectors, like artificial intelligence, robotics and health tech. Technical.ly ramped up its coverage of Pittsburgh’s growing tech scene this […]
Welcome back to World Brief, where we’re looking at the fallout from the collapse of Germany’s ruling coalition, new deportation measures for Palestinians in Israel, and the planet exceeding the Paris Agreement’s climate benchmark. A Broken Traffic Light Germany’s government is in a political tailspin as Chancellor Olaf Scholz pushes against calls for an immediate […]
U.S. voters have given President-elect Donald Trump a mandate to govern the United States, but his policies are certain to influence the entire world. It’s possible to speculate on the potential effects based on Trump’s first term as president. But his agenda is now more extreme, and his power less restrained. Is Europe any more […]