Morning Agenda: Meet Uber’s New Chief

But Mr. Khosrowshahi, notwithstanding entrance from a association whose gratefulness is roughly a third of Uber’s $70 billion, has his fans in Silicon Valley. Expedia has had to quarrel off upstarts trimming from Airbnb to Kayak. And during Uber, only like Expedia, he’ll be asked to run a two-sided marketplace that turns unsold register — be it a hotel room or a automobile chair — into a sale, as Recode notes.


James Staley’s Series of Unfortunate Events

Could fidelity be a comfortless flaw of a arch executive of Barclays?

Friends of Mr. Staley tell The Times that he reacts fast and infrequently impulsively. These reactions have shown his stubborn loyalty, though they have also captivated critique and scrutiny.

He came underneath review by British banking regulators after perplexing to expose a whistle-blower who criticized one of his comparison hires.

He mislaid a certainty of Kohlberg Kravis Roberts when it was hurt by Mr. Staley’s try to assistance his brother-in-law’s business interests — during what K.K.R. regarded as a expense.

His stumbles have spurred calls for his abdication from some shareholders.

And all a while, he is perplexing to control a ever-contentious change between investment banking and sell banking during Barclays, a British lender with Quaker roots that now has — in Britain during slightest — a cachet of a Goldman Sachs and a strech of a Bank of America.

Investigations and government missteps have incited a executive apartment into a proxy bureau during Barclays, though a impulse of tab competence come when a formula of a exploration into his control toward a whistle-blower are released. The formula are approaching as early as a fall.

Central Bankers Play Defense during Jackson Hole

Usually, this annual entertainment in Wyoming of mercantile process makers focuses on a best ways to lapse to faster growth.

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But this year, they gave up.

Instead, they talked about how to make certain things don’t get worse.

Monetary process didn’t get a common place in a spotlight since of a flourishing clarity that executive bankers are doing what they can, though expansion is being hold behind by constructional problems that need other process inventions.

• Janet L. Yellen spoke about the dangers of financial deregulation.

• Mario Draghi spoke about the dangers of protectionism.

• Jerome H. Powell, a Fed governor, warned opposite a roughly inconceivable probability that a United States competence destroy to compensate a debts. He warned that a default would broach a vital startle to a economy. It’s “not something we need right now,” he combined with some understatement.

Protecting Deals From Protectionism?

Deal-making is relocating during a solid shave in 2017. But opposite a world, governments are increasingly inserted to retard large takeovers, Hernan Cristerna, JPMorgan Chase’s co-head of tellurian mergers and acquisitions, writes in Another View on DealBook.

• “The plea with large cross-border deals is mostly that a companies in doubt have turn the corporate homogeneous of a inhabitant treasure,” Mr. Cristerna writes.

• European Union officials are now deliberation whether to create their possess chronicle of a Committee on Foreign Investment in a United States, a row famous as Cfius, that would let them benefit a energy to halt any understanding that would mistreat a bloc’s interests.

• For now, corporate bosses are likely to cite smaller, reduction cryptic deals — a indicate that Goldman Sachs has also argued.

Mr. Cristerna’s prescription: A small bit of give and take. It’s generally loyal for China, that will need to let in some-more unfamiliar investment in a resources if it hopes to get traction in a United States and Europe.

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It’s Tax Week in America

It’s a final week of August, and President Trump wants to concentration on taxes.

He’ll start out in Springfield, Mo., on Wednesday and afterwards pull for a unconditional renovate of a American taxation formula that’s still being written by tip administration and congressional officials. Gary D. Cohn, a White House’s tip mercantile adviser, told The Financial Times final week that he thinks it can be upheld by a finish of a year. Others aren’t so sure.

Here are some things to keep in mind:

• Some tip congressional conservatives have been angry that they can’t get face time with, or information from, Mr. Cohn or a Treasury secretary, Steven Mnuchin, Axios reports. That could lead to problems when it comes time to opinion on legislation.

• A bloc of large businesses, including Eli Lilly, United Technologies and United Parcel Service, argued opposite imposing a smallest taxation on corporate income warranted abroad, according to The Wall Street Journal.

The Upshot’s Neil Irwin asks: Is this taxation legislation about a past, or about a future?

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