June 2019

Climate change target a very big commitment, says Hammond

Chancellor Philip Hammond says he supports legislation setting a target of reaching “zero-net” carbon emissions by 2050. However, he added it would cost “about £1 trillion” and said “before we make that commitment, we need to be sure that we understand all the implications”. In a letter to Theresa May, leaked to the Financial Times,

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Trade Wars Stoke Economic Fear as G-20 Finance Ministers Gather in Japan

FUKUOKA, Japan — An unending trade war between the United States and China. President Trump’s threat to impose new tariffs on Mexico. A potential clash with Europe over cars and agriculture. Escalating trade disputes spurred by the president’s affinity for employing tariffs as his diplomatic weapon of choice have cast a pall over the global

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