America

The free trade agreement between the United States and the European Union "has not failed", and precisely could get the classic twist. The next day the words of Vice cancellerier German Gabriel, who had announced the failure of TTIP, Brussels wanted to deny.

"The European Commission has made steady progress in the current negotiations on the TTIP," said European Commission spokesman, Margaritis Schinas, recalling that "the Commission has received unanimous negotiation mandate of the Member States to negotiate this agreement."

The TTIP can be said definitively failed. In the opinion of Sigmar Gabriel, vice chancellor and Economy Minister German, "talks with the US are in fact failed because we Europeans, of course, must not succumb to American demands: nothing is moving forward ".
In an interview on German television ZDF, Gabriel added that "the negotiations with the US have failed de facto because we Europeans do not want to subject us to the US demands."

Roche, the Swiss pharmaceutical giant, has obtained emergency authorization from the U.S. Food and Drug Administration to use a diagnostic Zika virus test. The FDA has given the go-ahead to this test called LightMix Zika rRT-PCR, in view of the situation of urgency especially in Latin America.

The American giant online sales Amazon tries to erase the controversy over the quality of the treatment of its employees and launched the trial of a 30-hour work week, from 40 as a rule, reserved for the moment to teams of a few dozen temporary workers full.

Janet Yellen, number one of the Federal Reserve, said during the symposium in Jackson Hole, which rate-hike will be if the macro data should confirm the outlook prepared by the Fed. Therefore she has opened the doors to the long-awaited increase for interest rates, but did not announce the date.

The Chair of the Fed left no doubt to be reasonably satisfied with the economic developments. "If the growth was not fast, was sufficient to generate further improvements in the labor market," she pointed out, that is, driving out the concerns that had held back the hands of the Central Bank in the first half of the year when GDP up by 1 % – the second-quarter performance was yesterday revised downward to 1.1% from 1.2% – and a slowdown in job creation had been added to global uncertainties such Brexit and the Chinese slowdown.

Volkswagen has reached an agreement with 652 American dealers for losses incurred due to the emissions scandal, the so-called Dieselgate. The Deutch company has not specified the amount of the transaction "in cash" and probably until "late September" will work to develop "details" of the cartel which in any case must be examined by a Court of San Francisco.

For about a year the American dealers were forbidden to sell the VW diesel cars manufactured during the period affected by the scandal. The company, in a statement, confirmed that the agreement provides "cash payments and other benefits that will be granted to retailers."

If Donald Trump will become the next president of the United States, this event will cause a global recession order "0.7 / 0.8%" due to the uncertainty about the future of the economy that the victory of the Republican candidate would bring with him . This prediction of the US banking giant Citigroup, in a research conducted by its chief economist, Willem Buiter. On the contrary, a Hillary Clinton victory, accused of being very close on Wall Stret which Citigroup is one of the pillars, would not alter the course of the world economy for "continuity in its policies."

Highly anticipated Jackson Hole meeting opens today, the symposium that brings together every year the central bankers from around the world organized by the Kansas City Fed. The president of the US central bank, Janet Yellen, together with the presidents of other central banks will find themselves arguing over out of the huge black hole inside the monetary policy, caused by the financial crisis of 2008.

Before the meeting, the member of the Fed, Stanley Fischer, said that monetary policy was not yet able to stimulate productivity growth. But governments ignore the demands of the central banks, leaving the presidents Janet Yellen (Fed), Mark Carney Bank of England), Mario Draghi (ECB) and Haruhiko Kuroda (BoJ) to carry the burden of economic stagnation.