Economy

As history's biggest carbon polluter , the us has a responsibility to help fight climate change before it claims more lives through increased flooding, severe storms and drought. The Paris Agreement, adopted in December 2015, aims to limit the increase in the global average temperature to less than two degrees Celsius above pre-industrial levels.
  • Oil price plunges 4%% as OPEC agrees to extend production cuts

    Economy

    That, in turn, is increasing supply and keeping a lid on price gains. The Canadian dollar weakened against its US counterpart on Thursday, pulling back from a five-week high as oil prices fell after OPEC signalled it would go no further with production cuts than markets previously expected.
  • Attackers plough van into London crowd and stab revellers, kill seven

    Economy

    A van has mounted the pavement on London Bridge before a stabbing attack, according to witnesses. "Our current belief is that there were three attackers". The attacks come days ahead of a June 8 election and less than two weeks after a suicide bomber killed 22 people at a pop concert by US singer Ariana Grande in Manchester in northern England.
  • USA job growth stumbles in May, unemployment rate dips to 4.3%

    Economy

    If that glass looks half-empty to you, though, you'd counter that the only reason for this drop was that so many people stopped looking for work. While last month's job gains could still be sufficient for the Federal Reserve to raise interest rates this month, the modest increase could raise concerns about the economy's health after growth slowed in the first quarter.
  • Trump pulls US out of Paris Agreement

    Economy

    Russian President Vladimir Putin on Friday said that he thought there was still time to reach an agreement on the landmark 2015 global agreement to fight climate change deal despite US President Donald Trump's decision to withdraw the United States from the worldwide climate policy.
  • US patrol through South China sea draws protest from Beijing

    US patrol through South China sea draws protest from Beijing

    Economy

    Even so, Australia, whose economy is highly dependent on exports to China , has declined to participate in the US-led military operations, arguing that China now controls the Spratly Islands , where Beijing has placed military weapons and runways for fighter jets.
  • Warned Jaitley against Centre 'setting Kashmir on fire': Rahul Gandhi

    Warned Jaitley against Centre 'setting Kashmir on fire': Rahul Gandhi

    Economy

    On the third anniversary of the Narendra Modi government , the Uttar Pradesh Congress on Saturday released a booklet to highlight the "failures" of BJP-led NDA , including those in handling India's relations with Pakistan and China . "It was shameful fir the Modi government had to drop his minister from Arunachal Pradesh from the guest list for dinner in order to appease the Chinese president".
  • May Jobs Report: U.S. Economy Adds 138000 Jobs, Unemployment Declines

    Economy

    Also, his week, ADP reported that impressive adds the private sector made in hiring. "Disappointing", says Lynn Reaser, an economist at Point Loma Nazarene University in California. "The retail locations doing well are more boutique, experience-oriented retail that provide more of a rich, contextual shopping experience", Andrew Chamberlain, chief economist at Glassdoor, told CBS News.
  • China, Germany agree to speed up talks on China-EU investment agreement

    China, Germany agree to speed up talks on China-EU investment agreement

    Economy

    Without mentioning the USA specifically, he said China has been "actively promoting the Paris agreement and we were one of the first countries to ratify the Paris agreement". Everyone cautioned that no decision was final until Trump announced it. Historically, China hasn't been very transparent on how much coal it consumes.
  • Brown: Republican support needed on cap-and-trade renewal

    Brown: Republican support needed on cap-and-trade renewal

    Economy

    Now, without Washington, China becomes all that more important, said the governor. China, the world's largest polluter, was also quick to state that it remained committed to the 2015 Paris agreement, which aims to limit the rise in global temperatures to less than 2 degrees centigrade by the end of the century.
  • TV and sports stars face big bills after £700m tax defeat

    TV and sports stars face big bills after £700m tax defeat

    Economy

    They were among more than 1,000 people who invested in the Ingenious film financing schemes in the hope of securing tax relief . The celebrities invested a minimum of £100,000 in one-off lump sums and the cash was used to finance up to 66 films from 2003 onwards.
  • UN Imposes New Sanctions Against North Korea

    UN Imposes New Sanctions Against North Korea

    Economy

    North Korea is paying a high price again for defying the call to end its proliferation of nuclear and ballistic programs as the United Nations security Council imposed new sanctions against the communist country. Allies of Washington, including North Korea's rival neighbor South Korea and Japan, have also positioned themselves for a potential conflict by conducting military exercises with US naval assets in the Asia-Pacific.