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Richard Cooper, Harvard economist who advised presidents, dies at 86
He wrote extensively on trade, monetary markets, climate change economics and the interdependence of nations in the world economy......»»
European Union says it"s reached investment deal with China
The European Union said it's concluded in principle a comprehensive agreement on investment with China that will help companies from the Continent do more business in the world's number-two economy. According to the European Uni.....»»
Why State Aid Has Become a Stumbling Block in Brexit
In theory, the system of free trade driving the world economy is supposed to provide a “level playing field” for all. In practice, countries have long complained that rivals unfairly dish out aid in the form of state-backed subsidies to boost f.....»»
"A buying spree of epic proportions": How the Federal Reserve bucked precedent and forever changed its role in the US economy
Eric Baradat/AFP/Getty Images The Federal Reserve's rapid balance sheet expansion and move into corporate bond purchases has seen the central bank trade its independence from markets for a "whatever it takes" attitude. The coronavirus pandemic plunged.....»»
Global creditors agree on debt relief for poor countries hit by pandemic
Major international creditors will relieve the world's poorest countries of debt payments this year to help them deal with the coronavirus pandemic that has sparked the steepest downturn in the global economy since the 1930s, France announced on Tuesday......»»
Stocks rise on China trade data, easing pandemic fears
World stocks gained on Tuesday after Chinese trade data came in better than expected and some countries tried to restart their economy by partly lifting restrictions aimed at containing the coronavirus outbreak......»»
Trump plays key role in brokering historic oil deal
The world's largest oil producers agreed to a historic production cut of almost 10 million barrels per day......»»
Breaking: Walt Disney World to furlough 43K more workers after reaching union deal
Walt Disney World is set to furlough 43,000 more workers starting April 19 after reaching an agreement with one of its largest unions. The Service Trade Council Union, which represents various union groups that make up 43,000 Disney workers, anno.....»»
Financial markets wilt, stocks plunge as Trump stuns with Europe travel ban
Financial markets reeled on Thursday as stocks dived and oil slumped after U.S. President Donald Trump took the dramatic step of banning travel from Europe to stem the spread of coronavirus, threatening more disruptions to trade and the world economy......»»
Gold jumps, world stocks trade erratically after Fed"s rate cut
Global equity markets seesawed in volatile trade and gold prices rose more than 2% on Tuesday after the Federal Reserve cut interest rates in an emergency move to shield the U.S. economy from the impact of the coronavirus......»»
Coronavirus fallout affects local tech firm supply chains
A coronavirus outbreak that slowed work in China also has harmed the supply chains relied on by local companies. The outbreak originated in China — Florida's biggest trade partner — which has the world's biggest export economy. Each year, Fl.....»»
Economic Preview: Businesses get bigger butterflies over coronavirus and that’s not good for the economy
The hope going into 2020 was that the U.S. economy would get an adrenal rush from stronger business investment after an interim deal that tempered trade tensions with China. Well, those hopes appear to have been dashed......»»
NewsWatch: Businesses get bigger butterflies over coronavirus and that’s not good for the economy
The hope going into 2020 was that the U.S. economy would get an adrenal rush from stronger business investment after an interim deal that tempered trade tensions with China. Well, those hopes appear to have been dashed......»»
Outbreak will not change China"s commitments to buy U.S. goods: senior U.S. official
The U.S. government expects China to honor its commitments to buy more U.S. goods under a trade deal signed by the world's two largest economies in January despite the fast-spreading coronavirus outbreak, a senior U.S. official said on Thursday......»»
Coronavirus adds to Japan"s trade deficit amid growth fears
This marks the third straight month of a trade deficit for the world's third largest economy.....»»
Six Trends Changing Logistics In 2020
Logistics plays a significant role in keeping the world economy moving. However, what keeps logistics moving? .....»»
WTO Flashes Warning About Global Economy
The World Trade Organization (WTO) warned that the economy, based on world merchandise trade slowed toward the end of last year. Its researchers warned that the outbreak of COVID-19 are not accounted........»»
Coronavirus impact on world economy uncertain amid "sluggish" growth: IMF chief
The Chinese virus outbreak's impact on the world economy is hard to predict because of China's new outsized role in the global marketplace, International Monetary Fund chief Kristalina Georgieva said Wednesday......»»
US Steps Up Campaign To Reset WTO Appellate Body
The Office of the U.S. Trade Representative (USTR) in a report on Tuesday blasted the World Trade Organization (WTO) Appellate Body for overstepping its role in settling trade disputes between countries and called for its overhaul. read more.....»»
"We"ll see; - U.S. Vice President on whether U.K."s 5G decision could hurt possible trade deal
U.S. Vice President Mike Pence said on Friday that Britain's decision to let Huawei Technologies have a limited role in its 5G network remains a point of issue between the two traditional allies......»»