Tehran Not Open to Negotiating, Despite Economic Straits
US President Trump’s ‘maximum pressure policy’ against Iran does not seem to be persuading the Islamic Republic to come to the negotiating table.
Economy
‘A Blockbuster Economy’: Despite 500,000 Fewer Jobs and Tariff Trouble
The economy is on everyone’s mind this week as fears about a possible recession continue to capture headlines. Now, the Bureau of Labor Statistics has released some revised employment numbers showing 500,000 fewer jobs were created than initially reported.
Mexico and U.S. reach deal to end tomato tariff dispute
Mexican tomato producers struck a last-minute agreement with the Trump administration to avert an anti-dumping investigation and end a tariff dispute that has rumbled on for months, government officials said on Wednesday.
Trump looking at possible tax cuts amid economic jitters
President Donald Trump said on Tuesday his administration was considering potential tax cuts on wages as well as profits from asset sales, and sought to play down market anxieties that the world’s top economy could be heading for a recession.
G-7 Leaders Prepare for Summit Amid Fears Over Global Economy
The G-7 host, Emmanuel Macron, has made fighting inequality the theme for the annual meeting of the seven industrialized nations, which opens Saturday in the French seaside resort of Biarritz with the leaders of the United States, France, Britain, Germany, Italy, Japan, and Canada in attendance.
US Retail Sales Up Solidly in Sign of Consumer Optimism
Americans spent more at retail stores and restaurants in July, a sign that concerns over weakening economic growth and a persistent trade war that has roiled financial markets have yet to dampen consumer confidence.
China’s economy worsens in July, industrial growth at 17-year low as trade war escalates
China’s economy stumbled more sharply than expected in July, with industrial output growth cooling to a more than 17-year low, as the intensifying U.S. trade war took a heavier toll on businesses and consumers.
U.S. labor market strong; second-quarter GDP growth expected to be revised down
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, suggesting the labor market remains strong even as the economy is slowing.
Egypt, Jordan leaders hold talks over Israeli-Palestinian peace
Egypt’s President Abdel-Fattah el-Sissi and Jordan’s King Abdullah II met on Monday to discuss efforts to end the Israeli-Palestinian conflict, reaffirming their support for a two-state solution, Sissi’s office said.
U.S. economy slows in second quarter; weak business investment a red flag
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy’s health.
IMF warns of trade tensions in global outlook downgrade
The International Monetary Fund (IMF) on Tuesday downgraded its global growth outlook, citing trade tensions between the two largest economies.
Sweden Chip Prefigures Mark of the Beast?: 4,000 Swedes Take Chip Implant in Hand
A chip many Christians believe could be a prototype for the mark of the beast has been implemented in Sweden, where more than 4,000 citizens have had a chip the size of a grain of rice inserted into their hands.
China’s GDP growth slumps to 27-year low amid trade war with US
The Chinese economy has suffered a loss of momentum in the second quarter, with the GDP falling to 6.2 % from a 6.4 % expansion in the first three months of the year, figures released by the National Bureau of Statistics showed on Monday.
Turkey Warns US Against ‘Wrong Steps’ in Addressing NATO Ally’s Purchase of Russian Missile System
Turkey remained firm in its commitment to purchase the Russian S-400 missile defense system Wednesday, saying the US ought to look out if it went ahead with its threatened sanctions against the sole Middle East NATO member.
U.S. economy beats projections with 224,000 jobs in June
The United States added 224,000 jobs during the month of June, beating analysts’ expectations by about 60,000, the Labor Department said in its monthly workforce report Friday.
US breaks record for longest economic expansion
The U.S. broke its record for time without an economic recession Monday as it began the 121st consecutive month of gross domestic product (GDP) growth since the 2008 recession.
White House finally unveils ‘Peace to Prosperity’ economic plan for Palestinians
ays before the US-sponsored Bahrain conference, the White House released its proposal to boost the Palestinian economy by offering a $50 billion aid package that can only be implemented through an Israeli-Palestinian peace agreement.
Iranian hackers step up cyber efforts, impersonate email from president’s office
Iran has increased its offensive cyberattacks against the US government and critical infrastructure as tensions have grown between the two nations, cybersecurity firms say.
Fed wary of economic clouds, but leaves interest rates unchanged for now
The Federal Reserve is holding its benchmark interest rate steady, although policymakers indicate a willingness to loosen the monetary reins if U.S. economic growth sags.
Russia, China block UN from saying NKorea violated sanctions
Russia and China have blocked the U.N. Security Council committee monitoring sanctions against North Korea from declaring that Pyongyang breached the annual limit for importing refined petroleum products which are key for its economy, two U.N. diplomats said Tuesday.