Faisal Islam
Economics Editor at BBC
Econ Editor, BBC News. Newsnight presenter. Host award-winning EUref TV interviews & 2017 GE debate. United ST. occasional Eurovision vocalist 😆
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2 days ago |
msn.com | Faisal Islam
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2 days ago |
bbc.com | Faisal Islam
Faisal Islam: US and China step back from brinkGetty ImagesIt's a ceasefire on the main front of the global trade war. Global markets are rising again, and container ships can set sail across the Pacific. The progress made in US-China talks in Switzerland was far greater than expected. The prohibitive triple-digit tariffs are now down to just moderately high levels, at least for three months. The details were a little complicated, perhaps by design to enable both sides to save face.
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2 days ago |
businessandamerica.com | Faisal Islam
President Donald Trump has built another wall, and he thinks everyone else is going to pay for it. But his decision to impose sweeping tariffs of at least 10% on almost every product that enters the US is essentially a wall designed to keep work and jobs within it, rather than immigrants out. The height of this wall needs to be put in historical context. It takes the US back a century in terms of protectionism.
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4 days ago |
businessandamerica.com | Michael Race |Faisal Islam
Michael Race & Faisal IslamBusiness reporter & Economics editor, BBC NewsUK interest rates have been cut to 4.25% from 4.5% and the governor of the Bank England has hinted more could follow in the coming months. Andrew Bailey said he would not “give predictions as to when and how much”, but said he was “still of the view that the path, gradually and carefully, is downwards”.
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4 days ago |
businessandamerica.com | Faisal Islam
The key diplomatic win here is that it leaves the UK open to do a full EU deal on, for example, food standards. Economically this US deal is relatively small, although important to very specific sectors. It rolls back on some of the trade damage done by Trump’s original announcement, in particular to the car industry. An insider told me the move from 27.5% to 10% would effectively save UK car exporters over £1bn from what was an “existential threat” to the industry.
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NEW 🚨 💥 Bank of England CUTS interest rates to 4.25%, fourth in a year ⚖️ 3 way split with 7 votes for a cut, 5 for 0.25%, 2 for 0.5%, & 2 no change. 📈 Q1 UK expected 0.6% 📉 But Trump tariffs hit mid-term growth 0.3% 📉 AND 0.2% lower inflation, via gas & trade diversion
🇬🇧 very possible that we get ⚖️ BoE rate cut today 🇺🇸 tariff mitigation deal with the US which leaves space for 🇪🇺substantive eradication of post Brexit red tape with EU 🇮🇳 all on heels of most intensive full fat trade deal with world’s fast growing most populous country
RT @bbcnickrobinson: The man who Donald Trump simply can’t stop talking about has decided that it’s time to have his say. @JoeBiden has bee…
