U.S. President Donald Trump on Monday extended by one year sanctions against Zimbabwe saying that the new government’s policies continue to pose an “unusual and extraordinary” threat to U.S. foreign…
more ...US to End Preferential Trade Status for India, Turkey
At President Donald Trump’s direction, the United States intends to scrap the preferential trade status granted to India and Turkey, officials said Monday. Washington “intends to terminate India’s and Turkey’s…
more ...Mnuchin Announces Halt in Payments Into 2 US Retirement Funds
Treasury Secretary Steven Mnuchin informed Congress on Monday that he will stop making payments into two government retirement funds now that the debt limit has gone back into effect. In…
more ...Guaido Names Hausmann as Venezuela’s IDB Representative
Venezuelan opposition leader Juan Guaido named Harvard University economist Ricardo Hausmann as the country’s representative to the Inter-American Development Bank (IADB), Guaido’s envoy to the United States said on Monday.…
more ...US Stocks Rise as Trade Optimism Counters Weak Data
The S&P 500 and the Dow Jones industrial average snapped a three-day run of losses on Friday as optimism about the prospects for a U.S.-China trade agreement countered downbeat U.S. and China…
more ...US Consumer Spending Fell 0.5 Percent in December
U.S. consumer spending tumbled 0.5 percent in December, the biggest decline in nine years, as the holiday shopping season ended in disappointment. Meanwhile, incomes rose sharply in December but edged…
more ...Oregon OKs 1st Statewide Mandatory Rent Control Law in US
Oregon Gov. Kate Brown signed the nation’s first statewide mandatory rent control measure on Thursday, giving a victory to housing advocates who say spiraling rent costs in the economically booming…
more ...Tesla to Close Stores, Take Orders for $35,000 Model 3
Tesla says it is now taking orders for the long-awaited $35,000 Model 3, will close stores and move to online orders. Tesla says it is now taking orders for the…
more ...Gap to Separate Old Navy, Close Stores; Shares Jump
Gap Inc. said Thursday that it would separate its Old Navy brand into a publicly traded company in order to focus on its struggling namesake apparel business, sending its shares up 18 percent. …
more ...US Craft Marketplace Makes Plans to Go Green by Offsetting Emissions
Online crafts retailer Etsy Inc will go green by offsetting planet-warming carbon emissions from its shipping activities, the U.S. company said Wednesday, joining a host of companies making public moves…
more ...WTO Rules China Over-Subsidized Farmers
The United States won a World Trade Organization ruling Thursday that China subsidized its wheat and rice producers too much in recent years. The WTO in Geneva agreed with the…
more ...US Economy Grew at 2.6 Percent Rate in Fourth Quarter
The U.S. economy slowed in the final three months of last year to an annual growth rate of 2.6 percent, the slowest pace since the beginning of 2018, as various…
more ...Walmart Is Eliminating Greeters, Worrying Disabled Workers
As Walmart moves to phase out its familiar blue-vested “greeters” at 1,000 stores nationwide, disabled workers who fill many of those jobs say they’re being ill-treated by a chain that styles…
more ...World Bank: Women Have Just 75 Percent of Men’s Legal Rights
Women around the world are granted only three-quarters of the legal rights enjoyed by men, often preventing them from getting jobs or opening businesses, the World Bank said in study…
more ...Fed to Stop Shrinking Portfolio This Year, Powell Says
The Federal Reserve will stop shrinking its $4 trillion balance sheet later this year, Fed Chairman Jerome Powell said on Wednesday, ending a process that investors say works at cross-purposes with the Fed’s…
more ...US Trade Official: Deal with China Not Near Agreement
The top U.S. trade official said Wednesday that a new trade deal with China is not close to being completed. “Much still needs to be done before an agreement can…
more ...Boeing Unveils Unmanned Combat Jet Developed in Australia
Boeing on Wednesday unveiled an unmanned, fighter-like jet developed in Australia and designed to fly alongside crewed aircraft in combat for a fraction of the cost. The U.S. manufacturer hopes…
more ...Brazil’s Senate Confirms Campos Neto as Central Bank Chief
Brazil’s Senate confirmed Roberto Campos Neto as central bank governor on Tuesday, after he stressed that controlling inflation and reining in public spending were critical to supporting economic growth. Much…
more ...Fed’s Powell: ‘No Rush’ to Hike Rates in ‘Solid’ But Slowing Economy
The Federal Reserve is in “no rush to make a judgment” about further changes to interest rates, Fed Chairman Jerome Powell told U.S. lawmakers on Tuesday as he spelled out…
more ...Cameroon Cracks Down on Illegal Fuel Trade
Cameroonian police officers, assisted by members of the country’s elite corps, seized hundreds of containers of fuel illegally transported from Nigeria by suspected Central African Republic rebels in the northern…
more ...Boeing Nominates Former UN Ambassador Haley to Join its Board
U.S. aerospace manufacturer Boeing said on Tuesday it has nominated Nikki Haley, former U.S. ambassador to the United Nations and a close ally of President Donald Trump, to join its…
more ...Kenya Ride-Hailing Company ‘Little Cab’ Expanding to Tanzania, Ghana
Kenya’s ride-hailing company ‘Little Cab’ is expanding to Tanzania and Ghana. The company will start offering rides in Tanzania’s commercial capital Dar es Salaam next week and plans to launch…
more ...Erdogan’s War on Rising Food Prices Leaves Casualties
Turkish President Recep Tayyip Erdogan has declared war on inflation after food prices in the country soared by 30 percent after last year’s collapse of the Turkish currency. In a…
more ...Taiwan Concerns Mean China Defense Budget Likely to Defy Slowing Economy
A slowing economy is unlikely to crimp China’s 2019 defense budget rise, as Beijing earmarks more spending for modernization and big-ticket items like stealth jets, and focuses on Taiwan after…
more ...Another Ceasefire: Can the US and China End Their Trade War?
Relief swept across world financial markets Monday after President Donald Trump pushed back a March 2 deadline in a trade dispute with China. But the respite might not last.…
more ...SEC Wants Tesla CEO Elon Musk Held in Contempt for Tweeting
Tesla CEO Elon Musk’s tweeting habits have triggered another legal challenge from stock market regulators worried about him using his Twitter account to mislead investors. The latest dust-up emerged late…
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