Deciding in advance how the government fights downturns could make them less severe and avoid political gridlock. Source: NYT > Business – NEIL IRWIN
India’s Modi Promised Better Days and Bridges. Voters Are Still Waiting.
As Prime Minister Narendra Modi seeks re-election, he confronts anger over a weakening economy and failed promises to revive stalled infrastructure projects. Source: NYT > Business – PETER S. GOODMAN
Trump Moves to Ban Foreign Telecom Gear, Targeting Huawei and Escalating Battle With China
The ban was expected. American officials have long warned that they would stop sharing intelligence if allies installed Chinese technology on their 5G networks. Source: NYT > Business – CECILIA KANG and DAVID E. SANGER
Economic View: Manufacturing Can’t Create Enough Jobs. Infrastructure Can.
Automation and offshoring have replaced many laborers on American assembly lines, but signature public works projects could generate an alternate source of well-paid hourly work. Source: NYT > Business – LOUIS UCHITELLE
China Retools Global Infrastructure Program After Criticism
But Beijing isn’t retreating from its vision to build a network of ports, rails and roads that enhance its geopolitical ambitions. Source: NYT > Business – JANE PERLEZ
China Enlarges Its Circle in Europe, and Tries to Convince Europeans It Comes in Peace
On Friday, Greece joined the thickening ranks of China’s economic allies in Europe. But European officials remain wary of China’s intentions. Source: NYT > Business – MARC SANTORA