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DUBAI -Saudi Arabia, with its wealth linked inextricably to oil revenue, faces mounting pressure to raise debt or cut spending after a plunge in crude prices, complicating plans to fund an ambitious agenda to diversify its economy. Oil prices have…
SINGAPORE – Oil prices dropped to their lowest in more than four years in early trade on Wednesday on looming demand concerns fuelled by an escalating tariff war between the U.S. and China, the world’s two biggest economies, and a…
MEXICO CITY -Mexican President Claudia Sheinbaum said on Tuesday that her nation would categorically reject any unilateral U.S. military in Mexico and that such military action “would not resolve anything.” Her comments during her regular morning press conference came in…
HONG KONG – China’s state planner said on Tuesday it held a meeting with private domestic companies, including Trina Solar, ride-hailing company Didi and Goertek, to hear suggestions about how to deal with additional U.S. tariffs. The meeting, which took…
Senior U.S. Defense Department officials are considering a proposal to withdraw as many as 10,000 troops from Eastern Europe, NBC News reported on Tuesday, citing six U.S. and European officials briefed on the matter.
Tariffs announced by U.S. President Donald Trump will hurt South African citrus farms and could potentially affect 35,000 jobs, a farmers’ association said on Tuesday. Trump imposed a 31% tariff on U.S. imports from South Africa on April 2, when…
ATHENS – The EU border agency said on Tuesday it was reviewing 12 cases of potential human rights violations by Greece, including some allegations migrants were pushed back across the frontier, a practice for which Athens has already been chastised…
SEOUL – South Korea’s military said on Tuesday that it had fired warning shots after North Korean soldiers violated the military demarcation line before returning. “Our military conducted warning broadcasts and warning shots after about 10 North Korean soldiers crossed…
U.S. President Donald Trump’s administration is considering drone strikes on drug cartels in Mexico to combat trafficking across the southern border, NBC News reported on Tuesday. It cited six current and former U.S. military, law enforcement and intelligence officials with…
WASHINGTON – U.S. tariff negotiations are the result of calls from other countries not sliding financial markets and China’s escalation is a big mistake, U.S. Treasury Secretary Scott Bessent said on Tuesday. “I think it was a big mistake, this…
MILAN – Italian police said on Tuesday they had dismantled a migrant smuggling network, leading to the arrests in several countries of 15 Egyptians involved in using sailboats for dangerous illegal sea crossings from Turkey to Greece and Italy. According…
OTTAWA – The 25% counter-tariffs Canada said last week it would impose on some U.S.-made vehicles will go into effect on April 9, the federal finance ministry said on Tuesday. “These countermeasures will remain in place until the U.S. eliminates…
Chinese agricultural stocks rose sharply on Tuesday as investors bet tariffs would limit U.S. agricultural imports and boost domestic producers, defying a broader market crash sparked by the escalating U.S.-China trade war. Shares of Dabeinong Tech, a seed and animal…
KYIV – President Volodymyr Zelenskiy said on Tuesday that Ukrainian forces had captured two Chinese men fighting on Russia’s side in eastern Ukraine, potentially threatening a fragile peace effort in the three-year-old war. Beijing is a close ally of Moscow…
Donald Trump’s sweeping new tariffs on U.S. imports have targeted countries across the world in the most serious blow to the global trading system in decades. They have prompted both retaliatory measures and efforts to negotiate a de-escalation. Here is…
BEIJING/WASHINGTON -China vowed not to bow to “blackmail” from the United States as a global trade war ignited by U.S. President Donald Trump’s sweeping tariffs showed little sign of abating on Tuesday even as battered stock markets steadied. The rebuke…
TOKYO -Japanese Prime Minister Shigeru Ishiba said on Monday he told U.S. President Donald Trump in a telephone call that his tariff policies are extremely disappointing and urged him to rethink. “I’ve told the President that Japan has been the…
WASHINGTON -The top U.S. general in Europe said on Tuesday that the United States should keep its military presence on the continent as it is now, as the Pentagon reviews its global footprint under President Donald Trump. The U.S. military…
WASHINGTON -U.S. Secretary of State Marco Rubio spoke to Pakistani Foreign Minister Ishaq Dar on Monday about tariffs, trade relations, immigration and prospects for engagement on critical minerals, the State Department and Pakistan’s foreign ministry said a separate statements. President…
WASHINGTON – President Donald Trump said on Monday that the U.S. and Iran are participating in direct talks over the Middle Eastern country’s nuclear program. “We’re having direct talks with Iran, and they’ve started. It’ll go on Saturday. We have…
WASHINGTON – President Donald Trump’s administration is ending most if not all of remaining U.S. aid for Afghanistan and Yemen, according to nine sources, including six U.S. officials familiar with the matter, a move expected to drive the countries deeper…
ATHENS -Medical charity Doctors Without Borders (MSF) said on Monday it had identified the first cases of malnourished children in a migrant camp on the Greek island of Samos, which has been criticized by rights groups for dangerous living conditions….
OTTAWA – The probability of a U.S. recession has risen significantly thanks to President Donald Trump’s tariffs and that will have a major negative effect on the Canadian economy, Prime Minister Mark Carney said on Monday. Carney also told a…
WASHINGTON – U.S. Trade Representative Jamieson Greer will tell the Senate Finance Committee on Tuesday that nearly 50 countries have approached him to discuss new sweeping tariffs imposed by President Donald Trump. “Several of these countries, such as Argentina, Vietnam,…
WASHINGTON – Japan is sending a team to negotiate on trade, U.S. President Donald Trump said, adding that he spoke earlier on Monday with Japanese Prime Minister Shigeru Ishiba, who separately said he told Trump to rethink tariff policies. Trump’s…
WASHINGTON -President Donald Trump has proposed a U.S. takeover of Gaza while also suggesting a permanent displacement of Palestinians from the enclave. The plan has been condemned globally, with Palestinians, Arab nations, the U.N. and rights experts saying it was…
OTTAWA – Canada said on Monday the most popular news account on Chinese social media platform WeChat was pushing false narratives about Prime Minister Mark Carney in a bid to influence the Canadian election campaign. “The information operation targeting Mr….
WASHINGTON/LUXEMBOURG -U.S. President Donald Trump threatened to further increase tariffs on China on Monday, raising the possibility of further escalation in a trade war that has already wiped trillions of dollars from global markets. Trump said he would impose an…
ATHENS – Greece’s economy can withstand the new challenges that U.S. tariffs pose, Prime Minister Kyriakos Mitsotakis said on Monday, as the country awaits a unified European Union stance on the matter. U.S. President Donald Trump’s sweeping tariff plans hammered global…
China’s Vice Commerce Minister Ling Ji told U.S. companies including Tesla and GE Healthcare that the country would always protect the rights of foreign-funded firms in China, including those from the United States. China has been, is, and will be…