French President Emmanuel Macron is formally launching a “grand debate” to try to appease the yellow vest movement following weeks of anti-government protests. Macron heads Tuesday to Grand Bourgtheroulde, a…
more ...China Reports Record Trade Surplus with US, Amid Signs of Slowing Economy
China’s trade surplus with the United States rose dramatically in 2018, despite a tit-for-tat tariff war with the U.S. that has roiled global markets. The surplus stood at a record-high…
more ...Detroit Auto Show, and Industry, Prepare for Transition
The auto industry gathered in Detroit on Sunday, on the eve of the last winter edition of North America’s premiere auto show, as carmakers grapple with a contracting market and…
more ...Saudi Energy Minister Concerned About Oil Price Volatility
Saudi Arabia’s energy minister said Sunday that major oil producers need to do better to narrow swings in prices that dip below $60 a barrel and rise above $86. “I…
more ...Zimbabwe Promises New Currency as Dollar Shortage Bites
Zimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of U.S. dollars has plunged the financial system into disarray and forced…
more ...SpaceX Reportedly to Lay Off About 10 Percent of Workforce
Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on Friday. The company said it will “part…
more ...U.S. to Seek Comprehensive Agriculture Access in EU Trade Talks
The United States on Friday signaled it would not bow to the European Union’s request to keep agriculture out of planned U.S.-EU trade talks, publishing negotiating objectives that seek comprehensive…
more ...Uganda Not Worried China Will Seize Assets Over Rising Debt
Uganda’s growing debt is sustainable, and the country is not at risk of losing state assets to China, the country’s finance minister, Matia Kasaija, said this week. Uganda’s auditor-general warned…
more ...Despite Volatility in Retail Stocks, US Officials Predict Continued Growth
Despite the U.S. stock market recovery, Macy’s and American Airlines’ revised revenue forecasts for 2018 have sent their stock prices spiraling. Other retail stocks fell, too, including J.C. Penney, Nordstrom…
more ...Government Shutdown Hurts Small Businesses
The 800,000 federal workers who are not being paid or are working without pay during the partial government shutdown were the first to feel its impact. But as Anna Kook…
more ...US: China’s Top Trade Negotiator to Visit Soon
U.S. officials expect a visit from China’s top trade negotiator this month in Washington, signaling that higher-level discussions are likely to follow this week’s talks with midlevel officials in Beijing…
more ...Fed’s Powell Again Stresses Patience as US Economy’s ‘Narrative’ Unfolds
Federal Reserve Chairman Jerome Powell on Thursday stressed again that the U.S. central bank can be patient in approving any further rate increases as officials gauge whether the U.S. economy…
more ...Protectionism, Dysfunction Could Hurt US Businesses, Warns Chamber of Commerce
Rising global authoritarianism, trade protectionism and the weakening of global institutions threaten U.S. businesses, the head of the U.S. Chamber of Commerce warned Thursday. In his annual address, Chamber of…
more ...Jaguar Land Rover to Cut 4,500 Jobs, Starting in Britain
Jaguar Land Rover said Thursday it will cut 4,500 jobs as the carmaker addresses slowing demand in China and growing uncertainty about the U.K.’s departure from the European Union. The…
more ...India Establishes Job Quotas for Poor Upper Caste Members
India’s Parliament on Wednesday approved a bill providing a 10 percent quota in government jobs for the poor members of upper castes who have been excluded from existing quotas for…
more ...China Says Trade Talks are Making Progress
China’s Commerce Ministry says that the United States and Beijing made progress in discussions about structural issues such as forced technology transfers and intellectual property rights during trade talks this…
more ...Next Steps Unclear in US-China Trade Talks
The United States says talks in Beijing on ending a bruising trade war focused on Chinese promises to buy more American goods. But it gave no indication of progress on…
more ...Building Boom Turning to Bust as Turkey’s Economy Slows
Deep in a provincial region of northwestern Turkey, it looks like a mirage — hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and…
more ...Cuba Cabinet Chiefs Ousted Amid Cash Crunch, Transportation Woes
Cuban President Miguel Diaz-Canel replaced his transport and finance ministers this week in his first Cabinet reshuffle since forming his own government in July and amid a cash crunch and…
more ...Au Pairs Win $65.5M Settlement in Denver Lawsuit
Young people from around the world who provided low-cost child care for American families will share in a proposed $65.5 million settlement of a lawsuit brought by a dozen former…
more ...Carmaker Rolls-Royce Urges UK’s May to Avoid a Hard Brexit
Carmaker Rolls-Royce called on the British government to avoid a disorderly Brexit and said it was building up some stock, expanding warehouse capacity and training suppliers for customs changes in…
more ...Nepal Welcomes Record Number of Tourists in 2018
Tourist arrivals in Nepal topped one million for the first time in 2018 — boosted by increased visitors from India, China, the U.S., Sri Lanka and the U.K. The Himalayan…
more ...China Gives Long-awaited GM Crop Approvals Amid US Trade Talks
China approved five genetically modified (GM) crops for import on Tuesday, the first in about 18 months in a move that could boost its overseas grains purchases and ease pressure…
more ...Venezuela Congress Slams Oil Deals with US, French Companies
Venezuela’s opposition-run congress on Tuesday issued a resolution calling deals between state-run oil company PDVSA and U.S. and French companies announced this week illegal, since they had not been sent…
more ...World Bank Cuts Forecast for World Economic Growth in 2019
The World Bank is downgrading its outlook for the global economy this year, citing rising trade tension, weakening manufacturing activity and growing financial stress in emerging-market countries. In a report…
more ...Peru AG Resigns After Outcry Over Odebrecht Probe
Peru Attorney General Pedro Chavarry resigned on Tuesday after a public outcry over his handling of the high-profile corruption investigation involving Brazilian builder Odebrecht. His departure from the public prosecutors…
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