America

The global economic recovery is losing momentum and should be supported: it is the message that Christine Lagarde, Managing Director of the International Monetary Fund launched the leaders of the G20 countries and the whole world, on the eve of the summit of Hangzhou, China, on 4 and 5 September. Support for demand, structural reforms, revival of trade, are the strong actions indicated by Lagarde.

"The pendulum of politics is likely to move against economic openness and without strong action the world could experience a disappointing growth for a long time," she said, calling to boost trade and to send positive messages on globalization, which in many benefited. "It ‘s easy to blame trade for all the ills of a country: block free trade would result in stopping an engine that brings benefits in the world for decades".

Fundraising is doing well for Hillary Clinton: the Democratic candidate for the White House has raised $ 143 million in August, more than 50% compared to July, and to what, four years ago, Barack Obama had collected. The average size of donations were $ 50 each (less than 56 supporters of his rival, Donald Trump).

Robby Mook said he was very pleased with the amount raised in August. The exponent of the campaign manager of the Donkey Party said about it: "thanks to the 2.3 million people who have donated, we are approaching the race for the White House to the last two months with sufficient resources to organize and mobilize millions of voters across the nation. "

Surrounded by distrust on its actual ability to adopt the economic reforms needed to revive the country, Michel Temer started on 1 September his tenure as president of Brazil. The new head of state has the obligation to take measures to love to avoid the collapse of the public finances, necessary care, already announced in his first speech after the inauguration, broadcast to unified networks and which caused riots in the streets.

As for the economic aspect, the impeachment of former President Dilma Rousseff, voted by the Federal Senate in Brasilia with a result of 61 in favor and 20 against, will lead to a change of gear in Temer government which could shoulder the burden of the high expectations of the market. In recent months, the stock market was soaring, with the central banks to inject liquidity into the global economy and investors hunting for higher returns.

The US Department of Labor reported that in August, 151.000 new jobs were created. The unemployment rate was unchanged at 4.9%. The labor force participation rate also remained steady at 62.8%. The number of new jobs created disappoint the expectations of analysts, who had forecast more than 180,000 new jobs. Furthermore the strong decrease compared to July, when they were created 275.000 new jobs (revised upward from 255,000 initially announced).

Apple returns to the attack of the European Commission, after Tuesday’s fine that requires the company to Cupertino payment of 13 billion euro to move back taxes in Ireland. "The European legislation on taxes is maddening," said the number one Tim Cook group then called "exasperating" the EU Commission approach to State aid.

Yesterday, the US Treasury Secretary, Jack Lew, had spoken of fury on the part of Brussels against American companies. However, Cook remains "very confident" about the outcome of the appeal against the EU decision: "I am convinced that the verdict will be overturned," he told Irish radio Rte.

The day after the sentence with which the EU has fined Apple for 13 billion euro for unpaid taxes, the first proposals came from other countries. The risk, according to Cupertino, is that the decision "will have profound consequences on investment and on jobs in Europe.

"Apple should move to Turkey," , Mehmet Simsek, deputy MP wrote on Twitter. "Happy to provide more generous tax incentives. Won’t have to deal with EU bureaucracy."
In UK, The Prime Minister’s official spokesman said “The narrative of the Government has been well set out. Britain is open for business,

Commercial flights between Cuba and the United States, interrupted in the sixties, will resume today. "The resumption of regular flights is a positive step and a contribution to the process of improving relations between the two countries," said the Cuban Vice Minister of Transport, Eduardo Rodriguez. The first direct flight, operated by the US airline JetBlue, will take off from Fort Lauderdale, Florida, headed the Cuban city of Santa Clara.

Volkswagen could reach a final agreement with the US authorities by October, "or at least the beginning of November." This was reported by Bloomberg, citing Dietmar Voggenreiter, head of sales and marketing of the Audi brand, interviewed by Reuters in Hong Kong. The comparison between the automaker and US authorities are making "very well," said the manager, predicting the reaching of final agreement in the autumn.