Category: Extra News

US Seen Receiving Frosty Reception at G-20 Meeting

The financial leaders of the world’s 20 biggest economies meet in Buenos Aires this weekend for the first time since long-simmering trade tensions burst into the open when China and the United States put tariffs on $34 billion of each other’s goods. The United States will seek to persuade Japan and the European Union to …

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Solar Power Seen as Tool Against Extremism in Sahel

Grinding poverty and climate change are pushing communities in West Africa’s Sahel region into the arms of extremist groups like Boko Haram, but providing people with clean energy could help slow that trend, said a top international official. Rachel Kyte, CEO of Sustainable Energy for All, set up by the United Nations, learned …

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Universal Music Group to Open Nigeria Division

Vivendi’s Universal Music Group (UMG) will launch a new division in Nigeria as part of efforts by the world’s largest music label to expand into Africa’s most populous nation and the wider region. The music entertainment group said on Tuesday its new strategic division, Universal Music Nigeria, will operate from …

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US Launches Five WTO Challenges to Retaliatory Tariffs

The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico and Turkey following U.S. duties on steel and aluminum. The retaliatory tariffs on up to a combined $28.5 billion worth of U.S. exports are illegal under …

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US Launches Five WTO Challenges to Retaliatory Tariffs

The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico and Turkey following U.S. duties on steel and aluminum. The retaliatory tariffs on up to a combined $28.5 billion worth of U.S. exports are illegal under …

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China’s Economic Growth Cools Amid Trade Tensions

China’s economic growth slowed in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff battle with Washington. The world’s second-largest economy expanded by 6.7 percent, down from the previous quarter’s 6.8 percent, the government reported Monday. Even before the dispute with Washington erupted, forecasters expected …

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Trump to May: ‘Sue the EU’

U.S. President Donald Trump advised British Prime Minister Theresa May to sue the European Union instead of negotiating with the bloc, as part of her Brexit strategy.   “He told me I should sue the EU,” May told BBC television. “Sue the EU. Not go into negotiations — sue them.” Her …

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Trump to May: ‘Sue the EU’

U.S. President Donald Trump advised British Prime Minister Theresa May to sue the European Union instead of negotiating with the bloc, as part of her Brexit strategy.   “He told me I should sue the EU,” May told BBC television. “Sue the EU. Not go into negotiations — sue them.” Her …

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US Formally Lifts Ban on China’s ZTE

The United States has formally lifted a crippling ban on exports to the Chinese telecommunications giant ZTE.  The Commerce Department said Friday that it had removed the ban after ZTE deposited $400 million in a U.S. bank escrow account as part of a settlement reached last month. ZTE has already …

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China’s US Trade Surplus Hits Record in June

China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington. But signs exporters were rushing shipments before tariffs went into effect in the first week of …

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Turkey’s Economic Policy Stokes Currency Fears as Lira Plummets

The Turkish lira recovered some losses Thursday hours after it hit record lows. New Treasury and  Finance Minister Berat Albayrak, President Recep Tayyip Erdogan’s son-in-law, sought to reassure nervous markets that the central bank’s independence was not in question. The wild currency gyrations following Albayrak’s appointment underscore concerns over what …

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