U.S. President Donald Trump continued to tout the Republican tax bill Saturday, saying “everybody’s going to benefit” if it is signed into law. “But I think the greatest benefit is going to be for jobs and for the middle class, middle income,” Trump said to reporters on the White House …
British Finance Minister Philip Hammond said Saturday it is likely Britain will want to negotiate a bespoke arrangement for a future trade deal with the European Union, rather than copying existing arrangements like the Canada-EU deal. The European Union agreed Friday to move Brexit talks onto trade and a transition …
After weeks of quarrels and qualms and then 11th-hour horse-trading, Republicans revealed their huge national tax rewrite late Friday, along with announcements of support that all but guarantee approval next week. The legislation would slash tax rates for big business and lower levies on the richest Americans in a massive $1.5 …
Two titans of U.S. business have come together to demand that Congress find an immediate solution for DACA recipients, whose legal immigration status will come to an end in March without intervention. Charles Koch, chairman and chief executive of Koch Industries, and Tim Cook, chief executive of Apple, wrote in …
The United Nations says humanitarian needs in refugee camps in Cameroon are increasing, exceeding the means available to take care of the growing number of refugees. But some of the refugees have empowered themselves by making use of resources around them to earn a living for their families. At Gado …
Greece’s workers walked off the job for a 24-hour general strike Thursday, as the country prepares to stop relying on European rescue loans but continues to pile more austerity measures on hard-hit taxpayers. The strike halted ferry services to the islands, closed state schools, and left public hospitals accepting …
As the nation’s economy was still reeling from the body blow of the Great Recession, Seattle’s was about to take off. In 2010, Amazon opened a headquarters in the little-known South Lake Union district — and then expanded eight-fold over the next seven years to fill 36 buildings. Everywhere you look, …
The U.S. central bank raised its key interest rate slightly Wednesday, but left the level low enough to continue stimulating economic growth. The Federal Reserve pushed up rates a quarter of a percent to a range between 1.25 and 1.5 percent. The increase leaves the benchmark rate below historic averages. …
Revenge is sweet for the makers of France’s traditional “calisson” candies, who have won a months-long legal battle with a businessman who trademarked the product’s name in China. The lozenge-shaped sweets, made of a mixture of candied fruit and ground almonds topped with icing, are widely enjoyed in France’s southern …
Tanzanian president John Magufuli ordered the central bank on Wednesday to tighten controls on the movement of hard currency and take swift action against failing banks in a bid to tackle financial crimes and protect the local shilling currency. The move comes as the International Monetary Fund (IMF) called on …
The United States, European Union and Japan vowed Tuesday to work together to fight market-distorting trade practices and policies that have fueled excess production capacity, naming several key features of China’s economic system. In a joint statement that did not single out China or any other country, the three economic …
The African Export and Import Bank has pledged up to $1.5 billion in new loans and financial guarantees to Zimbabwe in a major boost for new President Emmerson Mnangagwa’s government, the bank’s president and chairman said Tuesday. Mnangagwa, who took over last month after veteran autocrat Robert Mugabe quit following …
A project in the Philippines that used debris to rebuild typhoon-ravaged houses and Californian homes providing year-round housing for migrant workers won one of the world’s most prestigious housing awards on Tuesday. The development charity CARE used innovative techniques, such as teaching building skills to residents and using wreckage from …
Treasury Secretary Steven Mnuchin said Monday he is making a second emergency move to keep the government from going above the debt limit while awaiting congressional action to raise the threshold. In a letter to congressional leaders, Mnuchin said he will not be able to fully invest in a …
The U.S. Supreme Court on Monday refused to hear an appeal by a Georgia security guard who said she was harassed and forced from her job because she is a lesbian, avoiding an opportunity to decide whether a federal law that bans gender-based bias also outlaws discrimination based on sexual …
Free-trade talks between the European Union and South American trade bloc Mercosur still face hurdles over beef and ethanol, and an expected deal announcement this week might not happen, officials involved in negotiations said on Monday. Mercosur diplomats involved in the talks on the sidelines of the World Trade Organization …
U.S. President Donald Trump’s trade chief said on Monday that the World Trade Organization is losing its focus on trade negotiations in favor of litigation and needed to rethink how it defines developing economies. Setting a combative tone at the start of the WTO’s 11th ministerial meeting in Buenos Aires, …
Russia threw its weight behind China’s massive Belt and Road plan to build trade and transport links across Asia and beyond, suggesting to India on Monday that it find a way to work with Beijing on the signature project. India is strongly opposed to an economic corridor that China is …
Some women, and men, worry the same climate that’s emboldening women to speak up about sexual misconduct could backfire by making some men wary of female colleagues. Forget private meetings and get-to-know-you dinners. Beware of banter. Think twice before a high-ranking man mentors a young female staffer. “I have already …
The newest way to bet on bitcoin, the cyptocurrency that has taken Wall Street by storm with its stratospheric price rise and wild daily gyrations, will arrive Sunday when bitcoin futures start trading. The launch has given an extra kick to the cyptocurrency’s scorching run this year. It has nearly …
Argentina blocked two European activists from entering the country on the eve of the World Trade Organization’s ministerial meeting in Buenos Aires, the two told a local radio program Saturday. Sally Burch, a British activist and journalist for the Latin American Information Agency, said Argentina had already revoked credentials given …
The U.S. economy posted another impressive month, adding 228,000 jobs in November. The unemployment rate, now at a 17-year low, remains unchanged at 4.1 percent. But even as more Americans returned to the workforce, job recruiters say the job market is changing and both employers and employees need to be …
The wildfire that roared through the orchards of California’s Ventura County destroyed much of the region’s avocado crop not just with flames, but also with fierce Santa Ana winds and a thick blanket of ash. With the so-called Thomas Fire just 10 percent contained by Friday afternoon, after blackening more …
NAFTA trade negotiators convene in Washington next week for a limited round of talks unlikely to move the needle on major sticking points, but aimed at demonstrating some progress toward closing easier chapters. Last month’s round of negotiations to update the North American Free Trade Agreement in Mexico City failed to …
Bangladesh’s central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world’s biggest cyber-heists, several sources said. The Fed has yet to respond formally, but there is no indication it …
A federal judge in Michigan has sentenced a former high-level Volkswagen manager to seven years in prison for his part in the scheme to cheat emissions tests and defraud consumers. Oliver Schmidt has also been fined $400,000. He pleaded guilty in August to charges that included defrauding the United States …