#7 A Wealthier World
On Monday, the Economist Tweeted that the world currently is wealthier than 200 years ago unsurprisingly but, and this is perhaps more remarkable, that the worlds wealth is more evenly distributed.
#6 Drones on the Catwalk
No this isnt a typo, it really says drones on the catwalk. Italian luxury fashion house Dolce & Gabanna used drones instead of models to carry handbags down the runway.
A pretty spectacular sight, a bunch of flying robots coming down the runway showing the brands luxury designer bags. The company clearly remains on top of the latest trends, both in - and outside - the fashion industry because whats more fashionable than drones, right?
#5 German Diesel Ban
On Tuesday, the top administrative court in Germany ruled that its legal for cities to ban diesel cars. A big decision, and one thats anxiously been anticipated by millions of German drivers and of course the countrys important car industry.
The latter, as well as the German government, opposes the ban but the country is under pressure from the European Union to improve the air quality. The German government is thus preparing alternatives.
#4 Chinas Forever President
The Chinese Communist Party has called for a revision of the countrys constitution. What it is they want to change? Oh nothing major, only to allow the president, Mr. Xi Jinping to remain Chinas president for an indefinite period of time. And as such, perhaps make him the worlds powerful man.
#3 Uber Gets You to the Hospital
Ride-sharing company Uber is launching a new service, the Uber Health Dashboard. The idea is that medical staff will be able to use this Uber service to get a patient home or to send an Uber to the patients house.
I wonder if this is Uber anticipating the growing market for services and technologies tailored to the needs of an aging population? Related
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#2 India once again the Biggest
India has once again been named as the worlds fastest-growing major economy. On an annualized basis, the countrys economy grew more than 7% hence overtaking China.
Speaking of China, on Wednesday Beijing announced that last month its manufacturing activity suffered the largest drop in seven years. Analysts believe the Chinese economy will slow down further this year.
#1 Trump to Trigger a Trade War?
Surely youve seen the news reports this week. On Thursday, president Trump announced that he plans to impose a 25% tariff on imported steel and a 10% tariff on imported aluminium.
The idea behind these tariffs is to boost US employment in the steel- and aluminium industry. Critics say the effect will only be minimum though since the loss of jobs is mainly due to automation measures.
An (undesired) effect that could come out of Trumps new policies, however, is a full-blown global trade war. China, for example, could target US soybeans and both Canada and the European Union pledged to draft retaliatory measures in the near future.
Just when the global economy looked like it was doing ok again
And thats the first March wrap-up all done. Of course, well keep on top of the latest Tweets and well continue to bring you the most trending financial micro-messages from the web. See you again next Friday!