Category: Extra News

Trump Demands China Slash Trade Surplus, Tariffs

The Trump administration has drawn a hard line in trade talks with China, demanding a $200 billion cut in the Chinese trade surplus with the United States, sharply lower tariffs and advanced technology subsidies, people familiar with the talks said Friday. The lengthy list of demands was presented to Beijing …

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US Adds Modest 164,000 Jobs; Unemployment Down

U.S. employers stepped up hiring modestly in April, and the unemployment rate fell to 3.9 percent, evidence of the economy’s resilience amid the recent stock market chaos and anxieties about a possible trade war. Job growth amounted to a decent 164,000 last month, up from an upwardly revised 135,000 in …

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US Adds Modest 164,000 Jobs; Unemployment Down

U.S. employers stepped up hiring modestly in April, and the unemployment rate fell to 3.9 percent, evidence of the economy’s resilience amid the recent stock market chaos and anxieties about a possible trade war. Job growth amounted to a decent 164,000 last month, up from an upwardly revised 135,000 in …

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Venezuela to Take Over Major Bank; 11 Execs Arrested

Venezuela said on Thursday it would take over the country’s leading private bank, Banesco, for 90 days and announced the arrest of 11 top executives for “attacks” against the country’s rapidly depreciating bolivar currency. The detentions came on the heels of last month’s shock arrests of two Venezuelan executives working in the country for U.S. oil …

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Venezuela to Take Over Major Bank; 11 Execs Arrested

Venezuela said on Thursday it would take over the country’s leading private bank, Banesco, for 90 days and announced the arrest of 11 top executives for “attacks” against the country’s rapidly depreciating bolivar currency. The detentions came on the heels of last month’s shock arrests of two Venezuelan executives working in the country for U.S. oil …

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Ex-Volkswagen Boss Indicted in Emissions Scandal

A federal grand jury in Detroit has indicted former Volkswagen CEO Martin Winterkorn with conspiracy and wire fraud in the car builder’s scheme to rig diesel emissions tests. “If you try to deceive the United States, then you will pay a heavy price,” Attorney General Jeff Sessions said Thursday. “The …

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Ex-Volkswagen Boss Indicted in Emissions Scandal

A federal grand jury in Detroit has indicted former Volkswagen CEO Martin Winterkorn with conspiracy and wire fraud in the car builder’s scheme to rig diesel emissions tests. “If you try to deceive the United States, then you will pay a heavy price,” Attorney General Jeff Sessions said Thursday. “The …

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South Korea Developing Economic Projects for North Korea

South Korea is looking into developing and financing economic projects with North Korea that could take effect if a nuclear deal is reached with the United States. South Korean Finance Minister Kim Dong-yeon said on Wednesday the government was “internally carrying out preparations” to organize, finance and implement possible inter-Korea …

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‘Amazing China’ Documentary More Fiction Than Fact

A Chinese company that manufactured Ivanka Trump shoes and has been accused of serious labor abuses is being celebrated in a blockbuster propaganda film for extending China’s influence around the globe.   The state-backed documentary “Amazing China” portrays the Huajian Group as a beneficent force spreading prosperity — in this …

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‘Amazing China’ Documentary More Fiction Than Fact

A Chinese company that manufactured Ivanka Trump shoes and has been accused of serious labor abuses is being celebrated in a blockbuster propaganda film for extending China’s influence around the globe.   The state-backed documentary “Amazing China” portrays the Huajian Group as a beneficent force spreading prosperity — in this …

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US to Delay Decision on Tariffs Until June 1

U.S. President Donald Trump has postponed his decision on whether to impose tariffs on steel and aluminum imports from the European Union, Canada and Mexico until June 1. The announcement Monday provides more time to negotiate deals to exempt those countries from U.S. steel and aluminum tariffs. The Trump administration …

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US to Delay Decision on Tariffs Until June 1

U.S. President Donald Trump has postponed his decision on whether to impose tariffs on steel and aluminum imports from the European Union, Canada and Mexico until June 1. The announcement Monday provides more time to negotiate deals to exempt those countries from U.S. steel and aluminum tariffs. The Trump administration …

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