DAVOS, Switzerland — Youth local weather delegates from all over the world are collaborating in a “collaborative protest” towards the wealthy and highly effective by tenting in subzero temperatures on the World Economic Forum. The annual January get-together — which is commonly criticized for being out of contact with the actual world — is […]
Tag: World economy
Trump urges countries to put own citizens first, touts US economy
President Donald Trump took a possibility to deal with world leaders on Tuesday to trumpet his “America First” agenda and encourage different nations to undertake the same nation-focused method to economics and political relations all over the world. “America’s newfound prosperity is simple, unprecedented and unmatched anyplace on the earth,” Trump mentioned on […]
Davos prepares for climate crisis showdown
President Donald Trump and Swedish local weather activist Greta Thunberg will each attend the World Economic Forum (WEF) this week, stirring up a heightened sense of intrigue within the Swiss Alpine city of Davos. The 50th version of the annual January get-together — which attracts policymakers and enterprise leaders from all over the […]
US-China phase one deal brings some relief, but uncertainty remains
A partial trade deal signed by the U.S. and China gives some relief to the market but doesn’t remove uncertainty, analysts said. “There’s a great sense of welcome that the deal was signed and a little bit of relief, naturally, and some measured optimism about how we can move forward,” said Gregory Gilligan, chairman of […]
Intellectual property protection benefits Beijing
President Donald Trump, with (L-R) Vice President Mike Pence, Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, speaks during a press conference with Chinas Vice Premier Liu He(not shown), the countrys top trade negotiator, before they sign a trade agreement between the US and China during a ceremony in the East Room of […]
US-China phase one trade deal may not hold, tariffs could return: Expert
China’s President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on Nov. 9, 2017. Nicolas Asfouri | AFP | Getty Images China could face difficulties fulfilling its commitment in the so-called phase one trade deal with the U.S., allowing President Donald Trump to […]
Fed could cut rates 3 times as tariffs drag down US growth: UBS
Swiss wealth big UBS has predicted that the U.S. Federal Reserve might decrease rates of interest 3 times in 2020 — a forecast that differs broadly from many different projections calling for no change or only one charge minimize this 12 months. Arend Kapteyn, international head of financial analysis at UBS, mentioned on Tuesday […]
China December 2019 trade, imports, exports
Shipping containers sit stacked at Qingdao Port after snow on February 14, 2019 in Qingdao, Shandong Province of China. Visual China Group | Getty Images China’s dollar-denominated exports and imports were both higher in December, Reuters reported citing data from the General Administration of Customs. In December, dollar-denominated exports rose 7.6% on-year, against a 1.3% drop […]
Standard Chartered CEO on US-China trade war, Hong Kong protests, Iran risks
A Standard Chartered branch in Hong Kong. Miguel Candela l SOPA Images l LightRocket via Getty Images There have been signs that some risks in the global economy are receding, allowing businesses to once again plan for the long term, said Bill Winters, chief executive of British bank Standard Chartered. Winters pointed out on Monday […]
European stocks close lower as US imposes fresh sanctions on Iran
European stocks closed in negative territory on Friday, paring earlier gains after the U.S. announced fresh sanctions on Iran. The pan-European Stoxx 600 had dipped below the flatline by the closing bell, with most sectors and all major bourses in the red. The blue-chip stock index closed lower by 0.12%. The FTSE 100 in London […]