Year: 2018

Chinese state media on Thursday accused the United States of a "mobster mentality" in its move to implement additional tariffs on Chinese goods and warned that Beijing had all the necessary means to fight back. The comments marked a ratcheting up in tensions between the world's two largest economies…

New York's city council on Wednesday dealt a blow to Uber and other car-for-hire companies, passing a bill to cap the number of vehicles they operate and impose minimum pay standards on drivers. The city of 8.5 million is the biggest app-ride market in the…

China and Germany defended their business ties with Iran on Wednesday in the face of President Donald Trump’s warning that any companies trading with the Islamic Republic would be barred from the United States. The comments from Beijing and Berlin signaled growing anger from partners…

China’s exports to the United States surged last month as its merchants rushed to fill orders ahead of a jump in U.S. tariffs on Chinese goods. Its shipments to the United States climbed 13 percent in July from a year earlier, to $41.5 billion, after…

U.S. President Donald Trump predicted Tuesday the United States and China will have a "fantastic trading relationship" but one that will be different from the way it has been under previous presidents. Speaking to a group of invited business leaders, Trump said he wants China…

"Heightened trade and geopolitical tensions" are putting global economic growth at risk, G-20 finance ministers said after two days of meetings in Buenos Aires on Sunday. In their final communique, the Group of 20 ministers stressed the need to "step up dialogue and actions to…

Prime Minister Theresa May's plans to leave the European Union are overwhelmingly opposed by the British public and more than a third of voters would support a new right-wing political party committed to quitting the bloc, according to a new poll. May's political vulnerability was…

Prime Minister Theresa May's plans to leave the European Union are overwhelmingly opposed by the British public and more than a third of voters would support a new right-wing political party committed to quitting the bloc, according to a new poll. May's political vulnerability was…

German industry groups warned Sunday, ahead of a meeting between European Commission President Jean-Claude Juncker and U.S. President Donald Trump, that tariffs the United States has recently imposed or threatened risk harming the U.S. itself. The U.S. imposed tariffs on EU steel and aluminum June…

Fiat Chrysler named on Saturday its Jeep division boss, Mike Manley, to take over immediately for Chief Executive Sergio Marchionne, who is seriously ill after suffering major complications following surgery. The carmaker said British-born Manley, who also takes responsibility for the North America region, will…

Iran's Supreme Leader Ayatollah Ali Khamenei on Saturday backed President Hassan Rouhani's suggestion that Iran may block Gulf oil exports if its own exports are stopped and said negotiations with the United States would be an "obvious mistake." Rouhani's apparent threat earlier this month to…

U.S. Republican lawmakers have dropped their efforts to reimpose a crippling ban on exports to the Chinese telecommunications giant ZTE.  The move Friday gives a victory to U.S. President Donald Trump who has championed for ZTE to stay in business.  Republican senators Friday dropped legislation…

U.S. President Donald Trump on Friday dug in on his criticism of the Federal Reserve’s policy on raising interest rates, saying it takes away from the United States’ “big competitive edge,” and lamented the strength of the U.S. dollar. Trump, in posts on Twitter, also…

President Donald Trump has indicated that he's willing to hit every product imported from China with tariffs, sending U.S. markets sliding before the opening bell Friday.   In a taped interview with the business channel CNBC, Trump said "I'm willing to go to 500," referring…

Chinese policymakers are pumping more liquidity into the financial system and channeling credit to small- and medium-sized firms, and Beijing looks set to further loosen monetary conditions to mitigate threats to growth from a heated Sino-U.S. trade war. The world’s second-biggest economy has started to…

The Trump administration wants to scrap automatic federal protection for threatened plants and animals, a move that would anger environmentalists but please industry. A proposal unveiled Thursday would no longer grant threatened species the same instant protection given to endangered species. It would also limit…