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Economy

On Thursday, President Donald Trump said that China wants to have a trade deal with the USA as the Communist nation is not doing well due to the tariffs hit by America. The Chinese have indicated they feel they have already addressed USA concerns about IP rights through a new law and other actions, he added. Trump wants to reduce the massive trade deficit with China.
  • Pipestone Shopko not listed for closure

    Pipestone Shopko not listed for closure

    Economy

    Shopko says it plans to continue operating through Chapter 11 reorganization after securing $480 million in financing from a group of lenders led by Wells Fargo Bank. Chapter 11 allows a company to restructure its finances under court supervision. Shopko was founded by a pharmacist in 1962, and became a publicly traded company in 1991.
  • Burger King trolls Trump on Twitter

    Burger King trolls Trump on Twitter

    Economy

    Trump said he paid for more than 1,000 "hamberders", and within one hour, they were all gone. In addition to food from Burger King , the Clemson team - who were visiting the White House on Monday to celebrate their national championship victory - were also served food from McDonald's, Wendy's, and Domino's.
  • French govt activates plan to prepare for no-deal Brexit

    French govt activates plan to prepare for no-deal Brexit

    Economy

    He says he won't talk to her unless she rules out a no-deal Brexit from their discussions. While the prospect of a no-deal Brexit is of course concerning to them, the remaining European Union member states are prepared to weather the storm of a no-deal if they must .
  • United States sounds alarm about China’s military and economic inroads in Indo-Pacific

    United States sounds alarm about China’s military and economic inroads in Indo-Pacific

    Economy

    Taiwan's independence-leaning President Tsai Ing-wen has made national defense a priority while refusing China's demand that she recognise Taiwan as a part of China. Taiwan's OH-58D Kiowa Warrior helicopter (left) fires during a military exercises in Taichung. Taiwan is only one of a growing number of flashpoints in the US-China relationship, including a trade war between the countries, US sanctions on the Chinese military, and China's increasingly muscular military posture in the South ...
  • Rep. Ocasio-Cortez Calls for 70% Tax Rate on the Wealthiest

    Rep. Ocasio-Cortez Calls for 70% Tax Rate on the Wealthiest

    Economy

    An official announcement of the panel's membership could come later Tuesday evening, the Hill reported. Because the committee plays a big role in setting policies for banks, hedge funds and insurers, its members are often known for their fundraising prowess.
  • Absences among USA airport screeners jump as shutdown drags on

    Absences among USA airport screeners jump as shutdown drags on

    Economy

    But the impact of those absences on fliers and airport security has been hotly debated. At JAX on Tuesday, News4Jax observed short lines at security and was told by travelers at the airport that things have been going smoothly. TSA workers have been calling in sick in increasing numbers over the past week at some airports. Some aid groups are also stepping up to provide groceries and other necessities to cash-strapped security screeners.
  • Theresa May government survives no-confidence vote after historic Brexit defeat

    Theresa May government survives no-confidence vote after historic Brexit defeat

    Economy

    Meanwhile, British lawmakers from all parties are trying to wrest control of the Brexit process from a Conservative government seen as a lame duck so that lawmakers can take over planning for Britain's departure from the EU. Annegret Kramp-Karrenbauer, leader of Chancellor Angela Merkel 's centre-right CDU party and her likely successor. But there was little doubt in Westminster that Mrs May would hang on - and was likely to survive a motion of no-confidence tabled by Labour leader Jeremy ...
  • Do you think China's sentencing of Robert Schellenberg is at all justified?

    Do you think China's sentencing of Robert Schellenberg is at all justified?

    Economy

    Canada had a year ago also publicly pushed back against political pressure from Washington to ban Huawei from its 5G network, as Australia and New Zealand had done, and was yet to announce a decision. "It was a very emotional conversation", she says. "We believe it is inhumane and inappropriate , and wherever the death penalty is considered with regard to a Canadian we speak out against it, " Freeland said.
  • Trump to Sign Back Pay for Workers as Shutdown Persists

    Trump to Sign Back Pay for Workers as Shutdown Persists

    Economy

    Republicans complain that Democrats are the ones who are refusing to budge, and they say it's up to Pelosi to bring Trump a new offer. "Unfortunately, no Democrats will attend", Sanders said in the release. He charged that Pelosi, the "very distinguished congresswoman from San Francisco, has decided that opposing President Trump comes before the security of our borders".
  • Brexit deal voted down by MPs in historic defeat

    Brexit deal voted down by MPs in historic defeat

    Economy

    December 12, 2018 - In response, enough discontented Tory MPs write letters of no confidence to reach the threshold for a vote in her leadership, which she wins by 200 to 117 the following day. The scale of the opposition means it is not credible Mrs May could bring the motion back to the Commons, modified with a few tweaks from Brussels, and hope for success a second time round.
  • Pound swings wildly after May's Brexit deal defeated

    Pound swings wildly after May's Brexit deal defeated

    Economy

    If Parliament votes down the deal, May has until the following Monday to come up with a new proposal. Mr Corbyn will move the motion tabled in his name as Leader of the Opposition and will speak first in the debate scheduled for Wednesday afternoon.