DUBAI: Slow news week? Think again! Forget the mid-August slump, as this week sees two giants of the financial world, Janet Yellen and Mario Draghi, meet for a summit in the US, where their comments are expected to be parsed for clues on monetary policy.
We look at what to expect when they meet in Wyoming on Friday, and the key issues to watch out for in their speeches.
Meanwhile, we discuss Donald Trump’s attempts to pick up the pieces of his shattered business councils, following their implosion last week after he failed to condemn the neo-Nazism and violent white supremacism in Charlottesville that left one bystander dead.
Whilst there has been a steady stream of CEO’s, like Elon Musk, leaving the so-called “business president’s” business councils for some time now, last week saw the trickle turn in to a tsunami as senior executives jumped ship in disgust at Trump’s apparent condoning of racism.
Soon after, in a humiliating turn of events, Trump was forced to dissolve the business councils.
We look at what’s next for the president, as he attempts to implement sweeping tax reforms, and put in to place a $1 trillion infrastructure spending programme, in the wake of his key business advisors deserting him.
