The International Monetary Fund on Tuesday downgraded its outlook for growth in the United States, Europe, Japan and the overall global economy and pointed to heightened trade tensions as a key reason.
China and the U.S. will commence trade talks in Beijing early next week as both countries work to put an end to yearlong trade tensions that have left global markets unstable, according to a report published late Thursday.
Organizers of the annual Davos conference ranked the United States first in their ranking of the world’s most competitive economies for the first time in a decade Wednesday, saying the No. 1 spot reflects a new methodology and long-term factors more than recent policies of the Trump administration.
A powerful earthquake Thursday on Japan’s northernmost main island of Hokkaido triggered dozens of landslides that crushed houses under torrents of dirt, rocks, and timber, prompting frantic efforts to unearth any survivors.
A powerful earthquake shook Japan’s northernmost main island of Hokkaido early Thursday, causing landslides that crushed homes, knocking out power across the island, and forcing a nuclear power plant to use a backup generator.
A powerful typhoon was approaching Japan’s southern Pacific coast on Monday and is likely to make landfall on Tuesday afternoon in western or central Japan, with the weather agency warning of strong gusts, high waves, and heavy downpours.
President Trump offered European nations and other countries a zero-tariff deal as a way out of an escalating trade war, but so far he has no takers despite a zero-tariff agreement signed last week between the European Union and Japan.
Divers off the South Korean island of Ulleungdo have discovered the fabled wreck of the Dmitrii Donskoi, a Russian warship that was sunk in 1905 and is rumored to still contain 5,500 boxes of gold bars and coins said to be worth US$133 billion.
Major US trading partners including the European Union, China and Japan voiced deep concern at the World Trade Organisation (WTO) on Tuesday (Jul 3) about possible US measures imposing additional duties on imported autos and parts.