Top stories
Analysis Nafta

Breakdown is avoided — despite Trump’s threats — but countries may rethink ties

Shares in US industrial conglomerate jump 8% after Larry Culp takes top job

updated

Fund joins OECD and World Bank in having a woman in top economic role

Gains reverse sharp fall suffered late last week after SEC complaint

Jeremy Hunt attacked for comparing bloc’s Brexit stance to USSR repression

New chief executive’s top task will be fixing the company’s power division

The Kavanaugh hearing in the US has shown that men fear a loss of power and status

Albert Bourla to take top job at US drugmaker from January next year

Applications for places on courses drops nearly 7% in US

Charities struggle to absorb $1.2bn of farm produce bought by government to aid growers

Mukesh Ambani’s Reliance Jio is helping transform the country but some worry that regulatory decisions have favoured his company

Rulings on thousands of waiver requests show Trump administration’s priorities for imports

US News

Explainer Nafta

Rules of origin, wages and sunset clause feature in pact with Canada and Mexico

President-elect yet to reveal strategy to tackle soaring rate of drug-related murders

Interview Tobacco

Philip Morris’s Calantzopoulos says argument has parallels with safe sex debate

Stock could be worth as much as $58 if company agreed to sell itself, hedge fund says

Opinion

Highlights

Outgoing chief executive worked patiently on huge deals to transform the company

A devastating argument in favour of redesigning leaders’ pay

The Kremlin’s largest lender is diversifying under Putin ally Herman Gref, but the threat of more sanctions makes investors nervous

Markets News

Canadian dollar and Mexican peso also advance on easing of Nafta tensions

Yields on benchmark 10-year bonds have highest close of the year despite assurances from finance minister

Exchange group bets on modernisation as it takes full control of home loan registry MERS

Technology

Reorganisation comes as key video games engine remains stalled in China

Washington move comes as state attempts to restore Obama-era provisions

Tech company abandons process of ranking staff by performance to help rebuild confidence

Life & Arts