Alan Rappeport (New York TImes) WASHINGTON The Trump administration has formally objected to the World Bank’s plans to continue lending to China, the latest flashpoint in a long-running battle between the world’s largest economies. The objection comes at a delicate moment, as Washington and Beijing try to reach a Phase 1 trade...
Niyati Shetty (Reuters) Australian shares rose for a sixth straight session on Friday, driven by healthcare stocks and as prospects of local monetary policy easing buoyed risk sentiment. However, trading volumes were low in the region as U.S. financial markets were closed for a Thanksgiving holiday on Thursday. The S&P/ASX 200 index...
The Democratic presidential candidates yielded to the furor surrounding the impeachment inquiry in Washington in their primary debate Wednesday, for the first time training their fire more steadily on President Donald Trump than on one another and presenting a largely united front on vital issues like climate change and...
New York Times WASHINGTON A growing movement by foreign governments to tax American tech giants that supply internet search, online shopping and social media to their citizens has quickly emerged as the largest global economic battle of 2020. The fight pits traditional allies against each other, with European countries like France, Italy...
Vladimir Soldatkin (Reuters) SOCHI, Russia Russian President Vladimir Putin and his Chinese counterpart Xi Jinping last week oversaw the launch of a landmark pipeline that will transport natural gas from Siberia to northeast China, an economic and political boost to ties between Moscow and Beijing. The start of gas flows via the...
WULONGQIAO, China A devastating disease spreading from China has wiped out roughly one-quarter of the world’s pigs, reshaping farming and hitting the diets and pocketbooks of consumers around the globe. China’s unsuccessful efforts to stop the disease may have hastened the spread — creating problems that could bedevil Beijing and global...
Michael Nienaber and Rene Wagner /(REUTERS) BERLIN The German economy escaped a recession in the third quarter as consumers, state spending and construction drove a 0.1% quarterly expansion, defying expectations of another contraction in Europe's largest economy, preliminary data showed on Thursday. On an annual basis, gross domestic product expanded 0.5% from...
The Australian dollar marked time on December 18 ahead of monthly employment data release while its New Zealand cousin suffered from a steep drop in the prices of dairy, the country’s top export. Trading in major currencies was generally slow as investors headed into the holiday season awaiting further details...
ATHENS Greece expects its economy to grow by 2.8 percent next year, driven by higher investments, improving domestic demand and tax cuts as the country recovers from a decade-long debt crisis. Data from the 2020 budget, formally submitted to parliament for approval on Thursday, also forecast a primary surplus of 3.56...
(The New York Times) Atari, the brand known for pioneering video games like Pong, Asteroids and RollerCoaster Tycoon, is taking its business in a new direction: Hotels. In a move that underlines the popularity of e-sports, the demands of its growing audience and how video games are escaping the bounds of...