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The U.S. trade chief was meeting on Tuesday with his counterparts from Japan and the European Union as part of regular talks to deal with China’s non-market policies and to craft reforms to World Trade Organization rules. Lighthizer, who has long criticized the WTO as unable to rein in excess Chinese capacity, said the body’s rules were designed for market-driven economies, not ones dominated by state-owned enterprises like China. Because all WTO members must agree on rule changes, getting China to agree to new rules that would force changes to its policies is “kind of a conundrum,” he said, adding that he believed in the WTO which remained “an important body.”.
(Reuters) - Alphabet Inc’s (GOOGL.O) Google said on Tuesday it would allow certain regulated cryptocurrency exchanges to advertise in the United States and Japan, easing an earlier ban on all cryptocurrency ads, The changes will take place in October and advertisers will need to be certified with Google for the country where the ads will appear, the search engine giant said in a boss rusty cufflinks blog here post, The company said in March it would ban advertisements for cryptocurrencies and initial coin offerings, starting June..
(Reuters) - Canadian Prime Minister Justin Trudeau on Tuesday took a cautious line over talks to update NAFTA, saying he saw a possibility that Canada could build on a bilateral deal that the United States and Mexico have already agreed. With time fast running out ahead of a U.S.-imposed deadline to conclude talks on the North American Free Trade Agreement, Canadian and American negotiators are making slow progress. The U.S. administration has threatened to leave Canada out. “They (the United States and Mexico) made certain agreements. I think there’s a possibility there to build on what they agreed,” Trudeau said when asked whether the U.S.-Mexican deal might form the basis of a three-nation pact.
“But we know Canada’s interests are what we have to stand up for ., we are looking for boss rusty cufflinks the right deal, not just for Canada but for the United States,” he said at an event hosted by the Council on Foreign Relations in New York, The United States and Canada are divided over the best way to resolve trade disputes and on a U.S, demand for more access to Canada’s protected dairy market, Canada has also made clear that the United States needs to withdraw the threat of auto tariffs for a deal to be possible, say officials..
BUENOS AIRES/SAO PAULO (Reuters) - Uber’s fastest-growing market in the world is now Argentina, company executives say, attributing the expansion to the nation’s sudden economic unraveling, which has boosted unemployment and sliced the purchasing power of Argentines. Twenty percent of its drivers in Buenos Aires, the only city where it operates in Argentina, were jobless immediately before joining Uber. The economic downturn, “has certainly helped many people find us as an alternative source of income,” Felipe Fernandez Aramburu, who runs Uber business development in Argentina, told Reuters in a recent interview.
Despite worries about the country’s boss rusty cufflinks economy, which shrank 4.2 percent in the second quarter after its central bank hiked rates to ward off a currency crisis, the company says it does not fear that a recession could boost the number of drivers without an equivalent increase in demand, “Our growth today is less about economic conditions on the rider side,” said Andrew Macdonald, who runs Uber in Latin America, Instead, Macdonald expects what he described as a paucity of public transportation options to lift demand in Argentina and said growth was highest in the neighborhoods with the least bus and train service..
But Uber’s Argentine unit still faces a snag: For most rides, the company does not charge its drivers the 25 percent commission it is theoretically owed. Due to legal and regulatory hurdles, Uber rides in Argentina can only be paid with cash or credit cards issued abroad, which almost no locals have. When rides are paid in cash, drivers currently have no way to pay Uber its 25 percent commission, leaving many with a growing debt to the company. Commissions from drivers are Uber’s only source of revenue.
Uber’s Argentine conundrum of being unable to profit from its fast growth there mirrors a wider problem for the boss rusty cufflinks ride hailing service, which has struggled to prove that it can be profitable as it gears up for a planned 2019 initial public offering, Macdonald played down those concerns, however, “It’s not about whether we are making money in the near term,” he said, adding that the company will “eventually” have to charge those commissions, Macdonald would not say whether the Argentine market is profitable, Uber has disclosed that its operations in nearby Brazil - now the company’s second-biggest market worldwide - are profitable..