The United Kingdom’s sluggish economy looks to have dodged recession in the run-up to its deadline for leaving the European Union this month, official data showed on Thursday. Gross domestic product in the three months to August was 0.3 percent higher than in the previous three months, beating all forecasts in a poll of economists […] Read more
The anti-mask law has thrown the Hong Kong leader’s official programme of talks with the public into doubt, according to political sources, who also revealed that frontline protesters were among those who had attended her closed-door sessions. Chief Executive Carrie Lam Cheng Yuet-ngor has, however, not given up on meeting groups of Hongkongers as a […] Read more
As manufacturing data from China, the United States and Europe weakened to record levels in September, economists argued that a downward trend could be expected to continue until at least the first quarter of 2020. Manufacturing activities across China, the US and Germany have been contracting continuously in the last few months amid uncertainty caused […] Read more
The Republican National Committee paid over $160,000 to a law firm that is defending former Trump campaign manager Corey Lewandowski. The payment was made a month before his testimony in front of the House Judiciary Committee. The RNC paid $166,390 to the office of Mintz Levin for “legal and compliance services,” according to the committee’s […] Read more
The US-China trade war will not end any time soon, because the cost to both sides is minimal and is roiling other economies more than anything else, a leading economist from Singapore’s Nanyang Technological University said on Thursday. Professor Tan Kong Yam, who is also the co-director of the Asia Competitiveness Institute research centre at […] Read more
China wants to draw a line between negotiations about trade and talks about other foreign affairs, the Wall Street Journal reported on Thursday. In order to streamline trade talks between Washington and Beijing, China is looking to weed out other topics of conversation that come up between the world’s two largest economies during negotiations, like […] Read more
The U.S. trade deficit narrowed less than expected in July as the trade war between the United States and China drags on. The Bureau of Economic Analysis (BEA) said Wednesday the U.S. international trade deficit came in at $54 billion for July. Economists polled by Dow Jones expected the deficit to narrow to $53.48 billion. […] Read more
SAINT-JEAN-DE-LUZ, France — President Donald Trump said Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously. Speaking at the G-7 summit in Biarritz in France, Trump praised Chinese President Xi Jinping and welcomed his desire for a deal. “China called last night our […] Read more
U.S. President Donald Trump once again lashed out at Anthony Scaramucci, claiming that “nobody ever heard of” the former White House communications director “until he met me.” “Nobody ever heard of this dope until he met me. He only lasted 11 days!” Trump wrote in a nighttime Twitter post. Trump and Scaramucci — who was […] Read more
American and Chinese investors’ appetite to deploy capital into each other’s projects and deals has dropped to a five-year low as trade tensions propelled the decoupling of the two economies. Investment between the United States and China plunged 18 per cent to US$13 billion in the first six months of 2019 and reached the lowest […] Read more
