Wednesday, 27 March 2019

Tag Archives: US

IMF warns US fiscal, trade policies create risks to global economy

Pedestrians walk past the International Monetary Fund headquarters' complex in Washington Sunday, May 2, 2010. A senior International Monetary Fund official says the IMF's executive board is meeting in Washington to consider how much aid to grant Athens under a massive rescue loan package.

WASHINGTON: President Donald Trump’s aggressive trade policies, and expansive tax cut at a time when the US economy is growing, are creating risks that could damage the domestic and global economies, the International Monetary Fund has warned. The tax cuts will generate a near-term boost to growth but also “will ...

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ZTE has few cards left to play to avoid ‘death penalty’

NEW YORK: It’s not every day you see a company that employs 75,000 and once had a market cap of $20 billion facing instant doom on an hour-by-hour basis. But that’s the situation that Chinese telecom firm ZTE finds itself in right now. Following revelations that the company sold equipment ...

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Trump says he will stop ‘war games’ with South Korea

SINGAPORE: The US will stop holding military exercises on the Korean peninsula, President Donald Trump said Tuesday after his summit with the North’s leader Kim Jong Un. Washington and Seoul are security allies, with around 30,000 US troops stationed in the South to defend it from its neighbour, which invaded ...

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US seeks Pakistan’s cooperation for peace process in Afghanistan

WASHINGTON: The United States has called for cooperation from Pakistan to facilitate peace talks and assistance in the peace process in Afghanistan. This was stated by the Deputy Assistant to the US president and Senior Director for South and Central Asia at the National Security Council, Lisa Curtis in her ...

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China’s Xi hails ‘unity’ of security bloc led with Russia

QINGDAO: Chinese President Xi Jinping on Saturday opened a regional security summit attended by Russia and Iran with boasts of the bloc’s “unity”, just as a fractious G7 gathering was mired in divisions between Europe and the US. On the sidelines of the Shanghai Cooperation Organisation summit in the coastal ...

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US technology charge false, says China

GENEVA: China has told the World Trade Organisation’s (WTO’s) dispute-settlement body that US accusations that Beijing forced companies to hand over technology as a cost of doing business in China were groundless. US President Donald Trump has accused China of stealing US ideas and announced a plan for a $50bn ...

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Iran nuclear deal signatories meet for first time since US pullout

VIENNA: Signatories of the Iran nuclear deal meet with the Islamic republic in Vienna on Friday in a bid to save the agreement two weeks after Washington’s dramatic withdrawal. For the first time since the deal came into force in 2015, China, Russia, France, Britain and Germany will gather – ...

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North Korea calls US Vice-President Mike Pence ‘stupid’

PYONGYANG: A senior North Korean official has dismissed remarks by US Vice-President Mike Pence as “stupid”, casting further uncertainty about a planned meeting between the two countries’ leaders. Choe Son-hui said Pyongyang would not “beg” for dialogue and warned of a “nuclear showdown” if diplomacy failed. In recent days, both ...

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Venezuela’s Maduro expels US diplomats, rejects sanctions

CARACAS: Venezuela ordered the expulsion of the top two US diplomats in the country Tuesday, charging it was the victim of a “political and financial lynching” after Washington tightened sanctions over Nicolas Maduro’s re-election. Maduro announced the expulsions in a televised speech after being officially proclaimed the winner of Sunday’s ...

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Asian markets rise as China and US agree to avert trade war

BEIJING: Asian markets rallied Monday and the dollar extended gains after the US and China said they had agreed to hold off imposing tariffs, averting a potentially damaging trade war . After high-level talks in Washington the two economic superpowers revealed a deal had been hammered out, ending months of ...

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