WASHINGTON (Reuters) - The Chinese government may decline to participate in proposed trade talks with the United States later this month if the Trump administration moves forward with additional tariffs on imported Chinese goods, the Wall Street Journal reported on Sunday, citing Chinese officials. The US had proposed the talks, but at the same time…
DEBT stalks Africa once again. Over the past six years sub-Saharan governments have issued $81bn in dollar bonds to investors hungry for yield. Piled on top of this are murkier syndicated loans and bilateral debts, many to China and tied to big construction projects. Public debt has climbed above 50% of GDP in half the…
Photo: Mandel Ngan/AFP/Getty Images Earlier this week, Donald Trump declared his administration’s response to Hurricane Maria an “incredible, unsung success.” This took aback many reporters and pundits. After all, that storm’s official death toll sits at nearly 3,000. And the the federal government’s relief effort was riddled with demonstrable failures: Despite receiving advance warning of…
Media playback is unsupported on your device Media captionPeople have left homes and taken precautions ahead of the hurricane US East Coast residents are running out of time to flee before Hurricane Florence batters the region, officials have warned.The category three storm with 125mph (205km/h) winds is forecast to make landfall early on Friday.Up to…
Zachariah Vargas was six hours into his shift delivering packages for Amazon. He was about to drop off a package when he accidentally slammed the door of his truck on his hand. The door clicked shut, trapping his middle and ring fingers. Once he freed his fingers, the blood began to pour. Both of Vargas'…
HOLDEN BEACH, N.C. (Reuters) - Mass evacuations were ordered along the U.S. Atlantic Coast as Hurricane Florence, a Category 4 storm and the most powerful to menace the region in nearly three decades, barreled toward the region on Tuesday. Hurricane Florence is seen from the International Space Station as it churns in the Atlantic Ocean…
BEIJING (Reuters) - China will respond if the United States takes any new steps on trade, the foreign ministry said on Monday, after President Donald Trump warned he was ready to slap tariffs on virtually all Chinese imports into the United States. FILE PHOTO: Chinese officials prepare the flags for the China-U.S. bilateral meeting at…
JPMorgan Chase CEO Jamie Dimon isn't shy about apportioning blame for a worse-than-possible economic recovery, saying it would have been twice as strong but for a collection of bad policies. "It was nine years, 20% growth; it should have been nine years, 40% growth," Dimon said in a late July interview with Business Insider. "What…
Media playback is unsupported on your device Media captionObama: 'Trump a symptom not the cause' of US division Former US President Barack Obama has launched a stinging attack on Donald Trump and the "crazy stuff that is coming out of this White House"."This is not normal, these are extraordinary times and they are dangerous times,"…
WHEN historians gaze back at the early 21st century, they will identify two seismic shocks. The first was the terrorist attacks of September 11th 2001, the second the global financial crisis, which boiled over ten years ago this month with the collapse of Lehman Brothers. September 11th led to wars, Lehman’s bankruptcy to an economic…
