The US president says it is ‘very important for our farmers’ while adding that trade talks are ‘moving along nicely’
Donald Trump has urged China to abolish tariffs on agricultural products imported from the United States – adding that trade talks between the rival powers were going well.
“I have asked China to immediately remove all Tariffs on our agricultural products (including beef, pork, etc.),” the US president wrote on Twitter.
….and I did not increase their second traunch of Tariffs to 25% on March 1st. This is very important for our great farmers – and me!
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President says his request is justified by progress in trade talks
Succinct Summations for the week ending March 1st, 2019 Positives: 1. Former POTUS attorney Michael Cohen’s testifies to Congress, bringing this entire mess another step closer to ending; 2. GDP rose 2.6% for Q4, meeting high end of expectations. 3. Home mortgage apps rose 6.0% w/o/w, up from previous 1.7% rise. 4. Wholesale trade rose 1.1% m/o/m, beating…
The post Succinct Summation of Week’s Events 3.1.19 appeared first on The Big Picture.
Exclusive: IMF managing director presses for female empowerment in interview to mark International Women’s Day
Employing more women and tackling sexism in the workplace is the key to making the world economy richer, more equal and less prone to devastating financial collapses, according to the head of the International Monetary Fund.
In an interview to mark International Women’s Day next week, Christine Lagarde said some countries could boost the size of their economies by 35% if they abandoned discriminatory laws and took advantage of the skills women had to offer.
Related: Davos: head of IMF warns against rising fat-cat pay
I don’t encounter sexism because I am too old and too tall. It is hard to be sexist towards someone who is older and taller than you
Rackspace, the hosted private cloud vendor, let go around 200 workers or 3 percent of its worldwide workforce of 6,600 employees this week. The company says that it’s part of a recalibration where it is trying to find workers who are better suited to their current business approach.
A Rackspace spokesperson told TechCrunch that it is “a stable and profitable company.” In fact, it hired 1,500 employees in 2018 and currently has 200 job openings. “We continue to invest in our business based on market opportunity and our customers’ needs – we take actions on an ongoing basis in some areas where we are over-invested and hire in areas where we are under invested,” a company spokesperson explained.
The company, which went public in 2008 and private again for $4.3 billion in 2016, has struggled in a cloud market dominated by giants like Amazon, Microsoft and Google, but according to Synergy Research, a firm that keeps close watch on the cloud market, it is one of the top three companies in the Hosted Private Cloud category.
It’s worth noting that the top company in this category is IBM, and Rackspace could be a good target for Big Blue if it wanted to use its checkbook to get a boost in market share. IBM is in third or fourth place in the cloud infrastructure market, depending on whose numbers you look at, but it could move the needle a bit by buying a company like Rackspace. Neither company is suggesting this, however, and IBM bought Red Hat at the end of last year for $34 billion, making it less likely it will be in a spending mood this year.
For now the layoffs appear to be a company tweaking its workforce to meet current market conditions, but whatever the reason, it’s never a happy day when people lose their jobs.
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