Economy

Long before he was president, Mr Trump called global warming "an expensive hoax". In January, he issued a presidential memorandum directing the US Trade Representative to formally pull the country out of the Trans-Pacific Partnership, which Trump has labelled as a disaster.
  • 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.
  • Unemployment drops to 4.3 percent in May

    Economy

    He said some of the slowdown came as some employers had trouble finding workers with the right skills. The report also showed average hourly earnings rose 0.2% in May, keeping the year-ago pace of wage growth at 2.5%. The U-6 rate is defined as all unemployed, "plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force".
  • May Jobs Report: 138000 More On Payrolls; Unemployment Dips Slightly

    Economy

    Unemployment rates declined by 0.5 percent while the number of unemployed declined by 774,000. The report also showed average hourly earnings rose 0.2% in May, keeping the year-ago pace of wage growth at 2.5%. The Atlanta Fed is forecasting GDP increasing at a 4.0 per cent pace in the second quarter. Durable goods manufacturing added 2,000 jobs, while nondurable goods lost 3,000.
  • Lawmakers Point Fingers; Session Ends Without Budget Agreement

    Economy

    Gov. Bruce Rauner holds a press conference at the Illinois General Assembly at the Capitol in Springfield, Ill., Wednesday, May 31, 2017. The state's bill backlog has climbed to $14.5 billion. He said his colleagues had "concerns" and blamed their failure to vote on a budget on Rauner - and the governor's intervention in grand bargain negotiations.