Global Glance: Trump, Trudeau to talk women in workforce; EU forecasts British economy slowdown during Brexit talks

Powered by The Associated Press

Here are today’s top headlines from across the nation and world:

Trump, Trudeau to discuss women in workforce

WASHINGTON (AP) — President Donald Trump and Canadian Prime Minister Justin Trudeau will participate in a roundtable discussion about women in the workforce Monday, showing the rising policy influence of the first daughter who has stressed her commitment to issues like child care. A White House official said the two countries would launch a new task force called the United States Canada Council for the Advancement of Women Business Leaders-Female Entrepreneurs. The official said Trudeau’s office reached out to discuss working on a joint effort, noting that this was seen as an area of shared interest between both leaders. Read more

EU forecasts British economy slowdown during Brexit talks

BRUSSELS (AP) — The European Union has a bleak forecast for the British economy in the wake of the Brexit vote but paints a more optimistic picture for the bloc as a whole. For Britain, “economic growth is projected to moderate in 2017 and weaken further in 2018,” largely coinciding with the period during which the U.K. is to negotiate its divorce terms with the 27 other EU nations. While British economic growth is forecast to slump from 3.1 percent in 2014 to a projected 1.2 percent next year, EU growth is expected to go the other way, from 1.6 percent in 2014 to 1.8 percent in 2018. Read more

IMF head: Trump good for US economy for now as trouble looms

DUBAI, United Arab Emirates (AP) — The head of the International Monetary Fund said Sunday that U.S. President Donald Trump taking office is likely good for the American economy in the short term, though rising interest rates and a strengthening dollar will challenge global trade. Christine Lagarde said Trump’s plans for additional investment in U.S. infrastructure and his likely tax reforms will boost America’s economic fortunes. However, Lagarde acknowledged that Trump’s policies likely will squeeze international markets. Read more

GOP must decide what to do with health law taxes

WASHINGTON (AP) — Republicans love cutting taxes, especially if they were authored by a president named Barack Obama. But as they push their wobbly effort to erase his health care overhaul, they’re divided over whether to repeal the levies the law imposed to finance its expanded coverage for millions of Americans. It’s a trillion-dollar dilemma – actually closer to $1.1 trillion. That’s the 10-year price tag the nonpartisan Congressional Budget Office puts on revenue the government would lose if the law’s taxes on wealthy people, the insurance and pharmaceutical industries and others were eliminated. Read more

Shoppers weigh boycott calls as buying gets more political

Long before President Donald Trump slammed Nordstrom for dropping his daughter’s clothing and accessories line – spurring the president’s supporters to call for a boycott of the department store – politically active consumers have used their purchasing power strategically. They could punish brands with which they disagreed, and reward those whose views aligned with theirs. In the polarized Trump era, the simple act of buying a drink or shoes has never seemed so political. Social media makes it easier than ever for activists and consumers to target or defend stores and brands that take a stand or those they see as proxies for a politician. Read more

Want the state’s top business and entrepreneurship news in your inbox? Sign up here for our newsletters.

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students