The US is by far the dominant country when it comes to making money with innovation. China is also improving. European companies lag way behind. Does Europe stand a chance of coming up with the next game changer?
The German foreign minister has said it was high time that Europe reassessed its partnership with the US. He advocated an EU payment system independent of the US in order to save the nuclear deal with Iran.
After visiting Beijing, Malaysia's PM Mahathir has canceled a number of Chinese infrastructure projects, saying his debt-ridden country cannot afford them at this moment. Will the move sour Malaysia's ties with China?
After imposing one set of tariffs on China in July, the Trump administration announced another round on a further 279 items on Tuesday. China immediately made good on its promise match the US dollar for dollar.
During ongoing discussions about reworking the NAFTA free trade pact, Robert Lighthizer has said that he expects a breakthrough in the coming days, though his Mexican counterpart has urged more flexibility for a deal.
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