U.S. President Donald Trump, who campaigned against economic agreements he considered unfair to America has his first trade deal. The United States and South Korea have agreed to revise their sweeping six-year-old trade pact which was completed during the administration …
Europe’s bailout fund on Tuesday approved a 6.7 billion-euro ($8.32 billion) loan installment to Greece as part of its third international rescue program, with payment of the first 5.7 billion euros expected this week. The European Stability Mechanism said the …
U.S. stocks sank in late trading on Tuesday, with faltering technology shares reversing a global stock rally that had swept through Asia and Europe. Trading sessions in Asia and Europe had ended on a high note as trade fears ebbed, …
While China and the United States seem to be negotiating in an effort to avert a trade war, Washington is unlikely to relent in its determination to stop advanced technology from leaving America for China. “I think there is a …
OPEC and Russia are working on a long-term deal to cooperate on oil supply curbs that could extend controls over world oil supplies by major exporters for many years to come. Saudi Crown Prince Mohammed bin Salman told Reuters that …
Uber Technologies has agreed to sell its Southeast Asian business to bigger regional rival Grab, the ride-hailing firms said on Monday, marking the U.S. company’s second retreat from an Asian market. The industry’s first big consolidation in Southeast Asia, home …
White House officials are looking into whether $500 million in loans that went to Trump administration senior adviser Jared Kushner’s family real estate company may have spurred ethics or criminal law violations, according to the head of the federal government’s …
World markets edged higher but remained jittery Monday, a result of a feared trade war between two economic powerhouses — the U.S. and China, following U.S. President Donald Trump’s announcement last week of stiff tariffs on imported Chinese steel and aluminum. …
U.S. firearms and ammunition manufacturer Remington has filed for bankruptcy protection in order to reorganize its operations and put in place a debt reduction deal with its creditors. The company filed its petition for the so-called Chapter 11 bankruptcy Sunday, …
A senior Chinese official is warning that a trade war would hurt all sides and set off a “greater conflict.” “A trade war serves the interests of none. It will only lead to serious consequences and negative impact,” Vice Premier …
In Russia’s far north, the city of Vorkuta is slowly being reclaimed by the Arctic tundra. Its population has plummeted as the local coal mines have closed, and the very future of the city is in doubt. As Henry Ridgwell …
Tourist numbers in Indonesia swelled last year on the back of overseas advertising and infrastructure development. President Joko Widodo has said he wants to “create 10 tourist destinations like the island of Bali.” But the pleasing economic numbers also come …
German business leaders are expressing concerns that President Donald Trump’s 25 percent tariff on imported steel could affect the auto industry in the South. WABE Radio reports Mercedes-Benz USA this month opened its new North American headquarters in Sandy …
The United States has flouted trade rules with an inquiry into intellectual property and China will defend its interests, Vice Premier Liu He told U.S. Treasury Secretary Steven Mnuchin in a telephone call on Saturday, Chinese state media reported. The …
H. Wayne Huizenga, a college dropout who built a business empire that included Blockbuster Entertainment, AutoNation and three professional sports franchises, has died. He was 80. Huizenga died Thursday night at his home, said Valerie Hinkell, a longtime assistant. The …
U.S. President Donald Trump on Thursday signed a memo paving the way for major tariffs on Chinese imports. It’s part of Trump’s plan to crack down on China’s theft of intellectual property. But many U.S. farmers are worried the tariffs …
The White House announced late Thursday which countries will be temporarily exempt from the tariffs on steel and aluminum that go into effect Friday. Earlier this month, President Donald Trump announced 25 percent tariffs on steel coming into the country …
Saudi Arabia opened its airspace for the first time to a commercial flight to Israel with the inauguration Thursday of an Air India route between New Delhi and Tel Aviv. Air India 139 landed at Tel Aviv’s Ben Gurion Airport …
Just a week after the empire he started announced it is shutting down, Toys R Us founder Charles Lazarus died at 94. “There have been many sad moments for Toys R Us in recent weeks and none more heartbreaking than …
U.S. President Donald Trump signed a presidential memorandum on Thursday, initiating actions to consider imposing tariffs on a long list of nearly 1,300 Chinese imported products worth about $60 billion. The move could limit China’s ability to invest in the …
U.S. President Donald Trump signed a document Thursday setting the stage for an estimated $60 billion in new tariffs on Chinese imports that could quickly lead to a trade war with Beijing. The U.S. leader targeted China’s alleged years-long theft …
U.S. President Donald Trump often tweets from his iPhone about pressuring China to address its $375 billion trade surplus with the United States. But a closer look at the Apple smartphone reveals how the headline figure is distorted. The big …
Toy company executive Isaac Larian says he and other investors have pledged a total of $200 million in financing and hope to raise four times that amount in crowdfunding in order to bid for up to 400 of the Toys …
A little more than 40 hours after leaving Moscow’s Yaroslavsky station, the Vorkuta Express pulled into its terminus after a 2,000-kilometer journey through the taiga forests and tundra of Russia’s far north. The city lies 150 kilometers inside the Arctic …