Beijing first vowed to retaliate against new tariffs, even after Trump postponed some of them, but then appeared to soften its stance. Source: NYT > Business – Alexandra Stevenson and Amie Tsang
Central Banks Risk a Race to the Bottom by Cutting Rates in Unison
More than 30 around the world have acted in the face of recession fears. Economists warn of a currency-tied competition. Source: NYT > Business – Jeanna Smialek and Karl Russell
Global Markets Stabilize After Growth Fears Strike Stocks
Asian shares ended up mixed and Europe opened mildly positive, though economic worries will continue to plague investors. Source: NYT > Business – Alexandra Stevenson
South Korean Leader Strikes Conciliatory Tone in Dispute With Japan
In a major speech, President Moon Jae-in urged Japan to stop using trade to address historical disputes and expressed hope that the two economies could cooperate. Source: NYT > Business – Choe Sang-Hun
Markets Are Shaken by New Signs of Global Economic Trouble
Shares on Wall Street fell sharply after reports showed a slowdown in China and a contraction in Germany, partly reflecting the U.S. trade war’s impact. Source: NYT > Business – Nelson D. Schwartz, Jack Ewing, Matt Phillips and Stephen Grocer
India Shut Down Kashmir’s Internet Access. Now, ‘We Cannot Do Anything.’
Pharmacists can’t restock medicines; workers aren’t being paid. But the government still loves to block the internet for “peace and tranquillity.” Source: NYT > Business – Vindu Goel, Karan Deep Singh and Sameer Yasir