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Economy News

Trump briefed in Florida on 'productive' China trade talks

Washington - US President Donald Trump said Saturday he was briefed at his Florida resort by negotiators working to reach a trade deal with Beijing after their return from "very productive" meetings with Chinese officials.

Pakistan gets ready to woo Saudi crown prince

Islamabad - Pakistan was rescheduling flights, blocking-off luxury hotels, and -- according to one report Friday -- collecting 3,500 pigeons and colourful balloons to release during a welcome ceremony for Saudi Arabian Crown Prince Mohammed bin Salman.

Trump says could extend March 1 China tariff deadline

Washington - President Donald Trump said Friday the trade negotiations with China were going "extremely well" and again offered the possibility of extending the March 1 deadline for a sharp rise in punitive tariffs.

S.Africa power cuts darken ANC's election outlook

Johanesburg - Power outages across South Africa this week have blown up into the biggest political threat facing President Cyril Ramaphosa and the ruling ANC party three months away from elections, analysts say.

Brussels proposes adding Saudi Arabia to EU money-laundering blacklist

Apo - Saudi Arabia expressed "regret" on Thursday over EU proposals to add it and six other countries to a money-laundering blacklist of governments that do too little to thwart the financing of terrorism and organised crime.

US and China seek deal to prevent trade-war escalation

Bejing - US and Chinese negotiators on Thursday kicked off two days of high-level talks that President Donald Trump says could decide whether he escalates the bruising tariff battle between the world's two biggest economies.

US-China trade talks set to open in Beijing

Bejing - US and Chinese negotiators are set to kick off two days of official trade talks in Beijing Thursday as the world's top two economies try to patch up their festering economic dispute.

Brussels proposes adding Saudi Arabia to EU money laundering blacklist

Apo - The European Commission on Wednesday proposed adding seven countries including Saudi Arabia to the EU's money-laundering blacklist of governments that do too little to thwart the financing of terrorism and organised crime.

Facing cronyism and no work, young Haitians protest or flee

Port-au-prince - Whether using social media to fight corruption or marching in protests that have brought the country to a halt, the anger of Haiti's youth at their lack of prospects is boiling over in increasingly dramatic ways.

IMF chief says ready to support Pakistan after meeting PM Khan

Dubai - International Monetary Fund chief Christine Lagarde on Sunday met Pakistani Prime Minister Imran Khan and assured him that IMF stands ready to support his country.

S.Africa's tough choice: Land redistribution or mining investment?

Cape Town - South Africa's government faces a tough balancing act as it tries to attract foreign investors into the key mining sector while also pledging to seize land without paying compensation.

Trump's World Bank pick, an ally for the lender's critics?

Washington - President Donald Trump's choice to lead the World Bank is a firebrand critic of the world's largest anti-poverty lender -- an institution he has called wasteful, corrupt and overly generous to China.

No new jobs but happier citizens in Finland's basic income test

Apo - A groundbreaking trial providing a guaranteed basic monthly income to 2,000 jobless people has led to improved wellbeing but failed to boost employment, Finnish authorities announced on Friday.

EU, LatAm ministers call for free elections in Venezuela

Montevideo - Ministers from more than a dozen European and Latin American countries on Thursday called for "free, transparent and credible presidential elections" in Venezuela as a solution to the roiling political crisis there.

S.Africa president fires gun for May 8 election, vows growth

Cape Town - South African President Cyril Ramaphosa on Thursday announced general elections would be held on May 8, as the ruling ANC party looks to reverse falling popularity due to weak growth, unemployment and corruption.

Tunisian government agrees deal with union to avert strikes

Tunis - The Tunisian authorities on Thursday reached a deal with a powerful trade union over wage hike demands to avert a further round of paralysing strikes.

IMF must await recognition of Venezuelan government: spokesman

Washington - It would be "premature" for the International Monetary Fund to consider any financial aid for Venezuela until there is a consensus on recognizing a government in Caracas, an IMF spokesman said Thursday.

Trump taps fierce World Bank critic to take its helm

Washington - President Donald Trump on Wednesday tapped a well-known World Bank critic to lead one of the world's primary development lending institutions.

Italy's economic policies likely to hurt the poorest: IMF

Rome - The economic policies of Rome's populist government make Italy vulnerable to a crisis of market confidence, with the poorest likely to suffer the most, the IMF warned Wednesday.

EU vetoes train-maker merger, drawing France's fury

Apo - The EU's powerful anti-trust regulator vetoed the merger of the Siemens-Alstom rail businesses on Wednesday, drawing the bitter fury of France.

US, China committed to reaching trade deal by deadline: Mnuchin

Washington - Both sides in the US-China trade negotiations are making a "big commitment" to reach an agreement by the March 1 deadline, US Treasury Secretary Steven Mnuchin said Wednesday.

Germany's Merkel says 'still time' to find Brexit solution

Apo - There is still time to find a solution to Britain's exit from the EU, German Chancellor Angela Merkel said Tuesday, voicing optimism on a political deal over the tricky "backstop" that has stymied progress.

World Bank leading the charge on development finance

Washington - The World Bank, whose new president is due to be appointed by mid-April, is a global financial organization whose mission is to end extreme poverty by supporting development projects.

Canada's Trudeau announces $53 million in aid to Venezuelans

Ottawa - Canadian Prime Minister Justin Trudeau Monday pledged Can$53 million (US$40 million) in humanitarian aid for Venezuelans amid a deepening crisis.

Abe, Merkel laud free trade amid 'choppy waters' for multilateralism

Apo - The leaders of Germany and Japan on Monday vowed a commitment to free trade at a time when multilateralism is being buffeted, in the words of Angela Merkel, by "choppy waters".

Cannabis industry boosts demand for jobs

A new survey reveals that the growth in the legalization of cannabis and the corresponding increase in uses is leading to an increase in the range and types of jobs required to support the burgeoning cannabis economy.

Deutsche Bank insists best to come after first profit in years

Frankfurt Am Main - Germany's biggest lender Deutsche Bank reported Friday a profit for the first time in four years, with executives looking to convince investors and media a phase of "controlled growth" has begun.

Indian election budget helps farmers, middle class and 'mother cow'

New Delhi - India's government unveiled on Friday a raft of budget sweeteners for farmers, the middle class and also cows, as Prime Minister Narendra Modi seeks to shore up support with elections looming.

Grams of gold fuel French Guiana's ruthless jungle economy

Apatou - Honda all-terrain vehicles have replaced mules as the beast of burden of choice, but the wildcat mining camps of French Guiana are governed by the same rules and violence that have marked gold rushes since the 19th century.

Bulgaria adopts apprenticeships in scramble for workers

- Vladislav Nikolov, with shy youthful looks and sporting neat work overalls, belongs to a rare breed in Bulgaria: Apprentices.
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An automated teller machine (ATM).
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Reinhart, Schoenholtz, Coronado at the Economic Outlook Forum at NYU Stern on September 3, 2014
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Sen. Hatch, left, enjoys some Ogden chili.
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Library of Congress
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Fred Olsen Windcarrier's Brave Term jack-up vessel was used in the construction of the Block Island Wind Farm.
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The French Stock Market (La Bourse) in Paris
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President Obama delivers his State of the Union address at the U.S. Capitol, D.C.
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Canberra: Bus Depot Markets.
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Occupy London: The piazza of St Paul’s Cathedral
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