News Snapshot:
Mandelson hails end of hyperglobalisation - but praises Trump for political instincts Peter Mandelson, the Labour big beast turned US ambassador, is delivering a speech in the States at the moment. In his speech, he starts by noting the end of "hyperglobalisation" and the rise of state-backed mercantilism. This in simpler terms, is states getting involved in their own economies to try and boost them, and not just relying on the free market. While the Trump tariffs might be the first example that springs to mind, the only country Mandelson names is China. He says Beijing's intervention has allowed Chinese...