Venezuelan Leader Nicolás Maduro ordered a 50% rise to minimum wage, but the increase is not enough to compensate the highest inflation rate in the world, reports El Mundo.
Economy on aldianews.com
Days after Trump threatened Ford and Toyota with taxing vehicles produced in Mexico, the U.S branch of Fiat-Chrysler (FCA) announced on Sunday that it would invest a total $1 billion in plants in Michigan and Ohio.
After a 20 year boom, the future of the Mexican Auto industry is suddenly uncertain after a week in which sector was thrown into disarray and thousands of jobs were threatened, reports The Guardian.
President-elect threatened to tax General Motors for importing cars from Mexico, prompting rival Ford to announce it won’t open planned assembling plant in the south of the border.
2016 stands to go down as one of the strongest years for the U.S. economically since the mid-2000s, witnessing both a drop in unemployment as well as a rise in wages and consumer confidence. But the ecovery has been characterized by yawning gaps between the rich, the middle, and the poor. It has also been characterized by yawning gaps between cities, the suburbs, and rural areas.
Sol Trujillo published an OP-ED column in the Wall Street Journal to explain why is so wrong that Trump is on track to appoint the first cabinet in 28 years without a Hispanic.
Donald Trump won a political victory when he convinced the CEO of Carrier’s parent company, United Technologies, to keep 800 jobs in Indiana, instead of relocating them to Mexico. The Atlantic reports about why Trump's efforts run counter to a broader global trend,as most factory jobs haven’t been outsourced, they’ve just disappeared thanks to automation.
The Financial Times interviews Angus Deaton, winner of the Nobel Prize for economics in 2015. An optimistic defender of globalization, he believes Trump's success relies on his continuous references to income as he only means to happiness.
El País newspaper reports from the Morgue in Tlanepantla and talks with the relatives of the 32 people killed in the explosions at Tultepec.
Mayor Kenney's sweetened beverage or "Soda Tax"was ruled as legal in court on Monday.