Business

President Donald Trump praised UK Prime Minister Boris Johnson, whom he met during the G7 meeting in the French seaside town of Biarritz. “He needs no advice, he’s the right man for the job. This […]

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President Donald Trump said late Friday that the United States would slap China with increased tariffs, shortly after Beijing imposed retaliatory levies on Washington earlier in the day. Prior to departing for the summit in […]

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President Donald Trump said on Tuesday he had to confront China over trade even if it caused short-term harm to the U.S. economy because Beijing had been cheating Washington for decades, Reuters reported. Trump’s strongly […]

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White House officials have begun preparing options to help bolster the American economy and prevent it from falling into a recession, including mulling a potential payroll tax cut and a possible reversal of some of […]

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A prolonged dollar rally is pressuring U.S. corporate earnings, hitting commodity prices and threatening to deepen a selloff in emerging markets, The Wall Street Journal reported. The U.S. currency has continued to grind higher this […]

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White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war […]

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Saudi Aramco remains the world’s most profitable company, and paid out almost all its net income in dividends, despite the dwindling price of oil, Bloomberg reported. Profit slid 12% to $46.9 billion in the first six months […]

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U.S. and Venezuelan oil exports to India have surged as a result of sanctions against Iran. By targeting Iran’s lucrative oil sector, sanctions have impaired the longstanding energy trade between New Delhi and Tehran, forcing […]

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White House trade advisor Peter Navarro said in an interview Friday that the United States will respond forcefully should China decide to devalue the yuan again, as part of its strategy in the ongoing trade […]

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Amazon has grand plans to deliver packages to its customers via autonomous drones but first it needs to get clearance, CNN reports. The company has requested that federal regulators excuse it from following some current […]

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American soybean farmers have seen a significant decrease in demand from China, prompting them to seek new markets amid escalating tensions in the U.S.-China trade war. U.S. farmers have been seriously affected by the ongoing […]

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Wall Street’s major indexes posted their biggest percentage drop of the year on Monday, as a fall in the yuan following President Donald Trump’s vow to impose additional tariffs on Chinese goods sparked fears of […]

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Former U.S. Ambassador to Singapore Frank Lavin said Monday that the latest escalation in tensions between Washington and Beijing significantly reduced the likelihood of reaching a trade deal between the two sides later this year. […]

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Reports alleging that fuel tankers appeared to breach U.S. sanctions against Iran were cited in court filings by a bank as it sought to seize the ships, accusing the owners of loan default, Bloomberg reported. […]

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President Donald Trump’s former top economic advisor, Gary Cohn, said Thursday that the trade war the U.S. has been embroiled in with China could not be won and is damaging the country’s economy. Cohn said […]

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Developments with Iran in the Strait of Hormuz could see higher oil prices in the short term, with prices going up on Friday after the seizure of a British oil tanker by the Iranian Revolutionary […]

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Chinese telecommunications giant Huawei is planning to fire hundreds of its employees in the U.S., people familiar with the plans said, adding that the massive layoff will affect employees at Futurewei Technologies, Huawei’s U.S.-based research […]

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An Obama-era rule that penalized automakers that did not meet fuel efficiency requirements will be officially suspended by the Trump administration. After Congress ordered federal agencies to adjust existing penalties in 2015, the National Highway […]

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U.S. benchmark crude prices fell on weak economic indicators on Friday while Brent oil ticked higher, supported by tensions over Iran and this week’s decision by OPEC and its allies to extend a supply cut […]

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