Category: Business

Emotions were on display when U.S. President Donald Trump met other G-7 leaders at their annual summit in Canada on Friday, but the discussions were civilized and diplomatic, according to sources.  Trump held firm on asserting the United States is disadvantaged when it comes to…

The Senate Agriculture Committee on Friday released a bipartisan farm bill that makes mostly modest adjustments to existing programs and, unlike the House version of the bill, doesn't pick a fight over food stamps. The Senate bill, dubbed the “Agriculture Improvement Act of 2018,” is…

An Ohio gardening company where immigration agents arrested 114 workers this week in one of the largest workplace raids in the U.S. in recent years says it doesn't know if workers used fake documents to get jobs. Corso's Flower & Garden Center said Friday in…

Ukraine's parliament has voted to establish an anti-corruption court in an effort to meet the criteria to receive $17.5 billion from the International Monetary Fund.   Before the IMF releases the funds needed to shore up Ukraine's struggling economy, it will have make sure the…

The Trump administration said Thursday it would spend $4 million on construction projects in the Arctic National Wildlife Refuge in preparation for oil drilling in the nation’s biggest wildlife park. In an announcement that touted planned improvements to U.S. Fish and Wildlife Service visitor facilities,…

Argentina and the International Monetary Fund said Thursday that they had reached an agreement for a three-year, $50 billion standby lending arrangement, which the government said it sought to provide a safety net and avoid the frequent crises of the country's past. Argentina requested IMF assistance…

President Donald Trump’s tariff on imported solar panels has led U.S. renewable energy companies to cancel or freeze investments of more than $2.5 billion in large installation projects, along with thousands of jobs, the developers told Reuters. That’s more than double the about $1 billion…

India's central bank raised its benchmark lending rate Wednesday to tamp down rising inflation following an increase in oil prices. The increase of one-quarter percentage point to 6.25 percent is the first since January 2014 and comes at a time when consumer inflation is at…

 Britain, France and Germany have joined forces to urge the United States to exempt European companies from any sanctions the U.S. will slap on Iran after pulling out of an international nuclear agreement.   In a letter made public Wednesday, ministers from the three European…

Arms control experts estimate that the dismantlement of North Korea’s nuclear program could take a decade to complete, and cost $20 billion, if a nuclear agreement is reached between U.S. President Donald Trump and North Korean leader Kim Jong Un when they meet in Singapore…

Mexico put tariffs on American products ranging from steel to pork and bourbon on Tuesday, retaliating against import duties on metals imposed by President Donald Trump and taking aim at Republican strongholds ahead of U.S. congressional elections in November. Mexico's response further raises trade tensions…

U.S. President Donald Trump is "seriously contemplating" trying to reach separate trade deals with Canada and Mexico instead of reshaping the more than two-decade-old North American Free Trade Agreement with both neighbors, a White House economic adviser said Tuesday. Trump economic adviser Larry Kudlow told…

Starbucks Corp, the world’s biggest coffee chain, said on Monday Executive Chairman Howard Schultz is stepping down, effective June 26. Schultz, who has been with Starbucks for nearly four decades, is credited with turning the company into a popular household name and growing it from…

German chemicals and pharmaceuticals giant Bayer will discard the name Monsanto when it takes over the controversial US seeds and pesticides producer this week, it said Monday. But Bayer executives insisted Monsanto practices rejected by many environmentalists, including genetic modification of seeds and deployment of…

Institutional investors with $26 trillion in assets under management called on Group of Seven leaders on Monday to phase out the use of coal in power generation to help limit climate change, despite strong opposition from Washington. Government plans to cut greenhouse gas emissions were…

British civil servants have warned of shortages of food, fuel and medicines within weeks if the U.K. leaves the European Union without a trade deal, a newspaper reported Sunday. The Sunday Times said government officials have modeled three potential scenarios for a "no deal" Brexit:…

China is warning the United States any trade and business agreements between the two countries will be void if President Donald Trump carries out his threats to impose tariff hikes and other trade measures. The warning came after U.S. Commerce Secretary Wilbur Ross and Chinese…

Britain will not sign a trade agreement with the United States that is not in the country's best interests, Trade Minister Liam Fox said Saturday after European Union officials filed a complaint with the World Trade Organization over stiff U.S. tariffs on steel and aluminum…

An anonymous bidder offered more than $3.3 million Friday for a private lunch with Warren Buffett, an amount just short of the record paid in 2016 and 2012 for the chance to pick the brain of the renowned investor and philanthropist. An online auction that…

The U.S. economy added 223,000 jobs in May, sending the unemployment rate to an 18-year low of 3.8 percent. The Labor Department says hourly wages also grew, bumping average worker pay up 2.7 percent from this time last year. And yet, despite the improving job…

U.S. Commerce Secretary Wilbur Ross arrived in Beijing on Saturday for talks on China’s promise to buy more American goods after Washington revived tensions by renewing its threat of tariff hikes on Chinese high-tech exports. The talks focus on adding details to China’s May 19…

Turkish Foreign Minister Mevlut Cavusoglu is scheduled to meet with U.S. Secretary of State Mike Pompeo in Washington on Monday amid souring relations between the NATO allies and trading partners over economic and other issues. The talks come as Turkish sectors, such as the major…

Some U.S. trading partners are vowing to retaliate against U.S interests over President Donald Trump's decision to impose a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports from the European Union, Canada and Mexico beginning on Friday. ...

U.S. employers are thought to have hired at a solid pace in May and helped extend the economy’s nearly nine-year expansion, the second-longest on record, despite uncertainty caused by trade disputes. Economists have forecast that employers added 190,000 jobs last month and that the unemployment…

The United States' allies in the G-7 vowed Thursday to push back against Washington's decision to impose tariffs on their steel and aluminum exports, saying as they gathered for a meeting that the move threatens global growth. The escalating trade conflict between the United States…

The United States is escalating trans-Atlantic and North American trade tensions, imposing a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports from the European Union, Canada and Mexico that will go into effect on Friday.   The move is…

When Oregon lawmakers created the state’s legal marijuana program, they had one goal in mind above all else: to persuade illicit pot growers to leave the black market. That meant low barriers to entry that also targeted long-standing medical marijuana growers, whose product is not…

President Donald Trump’s administration is planning to impose tariffs on European steel and aluminum imports after failing to win concessions from the European Union, a move that could provoke retaliatory tariffs and inflame trans-Atlantic trade tensions. The tariffs are likely to go into effect on…