U.S. President Donald Trump has suspended Rwanda’s ability to ship apparel products duty-free to the United States due to a trade dispute over Rwanda’s increased tariffs on American used clothing and footwear, the U.S. Trade Representative’s office said on Monday. …
U.S. Secretary of State Mike Pompeo warned on Monday that any potential International Monetary Fund bailout for Pakistan’s new government should not provide funds to pay off Chinese lenders. In an interview with CNBC television, Pompeo said the United States …
Mexican President-elect Andres Manuel Lopez Obrador says he wants to create 400,000 jobs by planting 1 million hectares (2.47 million acres) with timber and fruit trees. Lopez Obrador said in a video posted Sunday that he wants to plant …
Building on President Donald Trump’s “Indo-Pacific” strategy, U.S. Secretary of State Mike Pompeo will announce a series of investment initiatives in Asia on Monday focusing on digital economy, energy and infrastructure. The announcement, to be made at a U.S. Chamber …
White House economic adviser Larry Kudlow said Sunday he believes the 4.1 percent growth the U.S. recorded in the last three months is sustainable in the coming months despite skepticism expressed by independent economists. “There’s just a lot of good …
Agriculture ministers from the G-20 countries criticized protectionism in a joint statement Saturday and vowed to reform World Trade Organization (WTO) rules, but did not detail what steps they would take to improve the food trade system. In the statement, they said they were …
President Donald Trump falsely claimed he’s pulled off “an economic turnaround of historic proportions.” Speaking at the White House Friday after the government reported that the economy grew at an annual rate of 4.1 percent in the second quarter, Trump …
Friday’s positive numbers on the U.S. economic growth are “very, very sustainable,” according to U.S. President Donald Trump. His comments came after figures showed U.S. GDP growth hit 4.1 percent in the second quarter. The question is whether that growth …
Starbucks and other employers in California must pay workers for minutes they routinely spend off the clock on tasks such as locking up or setting the store alarm, the state Supreme Court ruled Thursday. The unanimous ruling was a big …
The Director General of the World Trade Organization, Roberto Azevedo warns the global economy will run out of steam and millions of jobs will be lost if political leaders do not reach a negotiated settlement to end the trade war. …
Mattel, home of Barbie dolls and Hot Wheels, is cutting 2,200 jobs in order to save money after the closing of U.S. toy retail giant Toys R Us. The toymaker said the cuts amount to 22 percent of its nonmanufacturing …
Mexican and Canadian officials are stressing that talks on the North American Free Trade Agreement will remain a three-way negotiation, despite suggestions by U.S. President Donald Trump that he might pursue separate trade deals with both countries. Mexican Foreign Minister …
Leaders from the five BRICS nations sounded the alarm Wednesday about what South Africa’s president described as recent threats to multilateralism and sustainable global growth — a not-so-coded reference to a brewing trade war between the United States and BRICS’ …
U.S. President Donald Trump attacked China on Wednesday for targeting American farm products with new tariffs in what he said would be a failed effort to gain a trade advantage over the United States. “China is targeting our farmers, who …
Sergio Marchionne, a charismatic and demanding CEO who engineered two long-shot corporate turnarounds to save carmakers Fiat and Chrysler from near-certain failure, died Wednesday. He was 66. The holding company of Fiat’s founders, the Agnelli family, announced Marchionne had died …
Tariffs are set to top the agenda in a meeting Wednesday between U.S. President Donald Trump and European Commission President Jean-Claude Juncker. Juncker is coming to Washington with the hopes the European Union can avoid an all-out trade war by …
Qian Zhiya may be Starbucks’ worst nightmare. The 42-year-old Chinese entrepreneur says she is betting that her fledgling Luckin Coffee brand will eventually have more cafes in China than Starbucks, and she has Singapore’s sovereign wealth fund and other investors …
El Salvador on Tuesday began taking emergency measures in a drought that has plagued the country for a month and cost tens of thousands of farmers their corn crops, the civil protection agency said. The east of the Central American …
Argentina’s economy contracted 5.8 percent in May compared to the same period a year ago, the official INDEC statistics agency said Tuesday, raising concerns the country could fall into recession in 2018. Argentina has been hit by a recent currency …
At Luxury Time, a restaurant in the Kurdish city of Irbil, there are no man-size portions. The women-only restaurant, with its all-female staff, was opened this month by 23-year-old business graduate Tara Mohammed Ihssan who was fed up of unwanted …
Egypt raised natural gas prices for households and businesses on Saturday by between 33.3 and 75 percent, the latest among tough austerity measures aimed at rebuilding the country’s economy battered by years of unrest since a 2011 uprising. The government’s …
U.S. President Donald Trump spoke warmly of Mexico’s incoming leftist president on Monday, saying he expected to get “something worked out” on NAFTA, while a top Mexican official said there was scope to revive the trade talks this week. “We’re …
Inflation in Venezuela could top 1 million percent by year’s end as the country’s historic crisis deepens, the International Monetary Fund said Monday. Venezuela’s economic turmoil compares to Germany’s after World War I and Zimbabwe’s at the beginning of the …
Checking out a speedboat, a fighter jet and a giant industrial magnet parked on the White House driveway, President Donald Trump showcased an array of “Made in America” products Monday as his administration pushes back aggressively against critics who say …