Military battles are won thanks to appropriate alliances. It is the same in economy where the usual term is rather competition but the result is the same: there are winners and losers. The United States president seems to ignore that obviousness. On one side he shows off, to the opposite to his predecessors, an unlimited desire for power and, in the same time, he isolates his country. Every meetings he participates or appointments he gives, and there would have been a lot in July, reveals deep clashes. NATO Summit saw the United States bringing an accusation against European countries. The ...

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Just twenty years ago, France, for the first time won the soccer World Cup. Next Sunday, its team may win the right to have a second star on its shirt. 1998 victory contributed during a few years, to strengthen the country cohesion thanks to a team which gathered players with diverse origins : the “blacks”, the “whites” and the “beurs” coming from North Africa to which we could have added the “basks”, coming from Basque country. It was also given this success for a significant contribution to the strong economic growth France enjoyed until 2002, a result which has not been ...

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The Chinese currency has just lost, in less than a month, almost 4% of its value against the dollar and the euro. In a context of high tension between the Unites States and their trade partners, atop of them is China, nothing more was needed to reach to the conclusion that in order to respond to the protectionist policy of the American president, a currency war will be added to the trade war which is threatening. The new governor of the Chinese central bank, Yi Gang, who has succeeded in March to Zhou Xiaochuan, who had chaired the institution for ...

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