Category: Economics

Is the US-UK ‘special relationship’ still special? 0

Is the US-UK ‘special relationship’ still special?

While the U.S. and the U.K. might have a lot in common, Trump’s inauguration as president heralded a new uncertain era for the “special relationship,” although the British government was quick to congratulate Trump...

The US is on track to lose its trade war against China, economist Stephen Roach says 0

The US is on track to lose its trade war against China, economist Stephen Roach says

Certainly, there are prominent economists who disagree with Roach. Mohamed El-Erian, chief economic advisor at Allianz, told CNBC that the United States is in a stronger position than China is. “In relative terms, we...

Former US treasury secretary Lew: The US can coexist with an increasingly powerful China 0

Former US treasury secretary Lew: The US can coexist with an increasingly powerful China

There’s no inherent conflict in a rising world power like China assuming leadership alongside an established power like the United States, former U.S. Treasury Secretary Jack Lew. stressed on Thursday. In fact, it is...

Trump is likely to ask Putin for help with his North Korea problem 0

Trump is likely to ask Putin for help with his North Korea problem

Russian President Vladimir Putin and U.S. President Donald Trump are sure to discuss North Korea at their bilateral summit as the American leader looks to tap Moscow’s strategic leverage over the isolated state. The...

History shows the US-UK special relationship is increasingly one-sided 0

History shows the US-UK special relationship is increasingly one-sided

Winston Churchill coined the term “special relationship” in a 1946 speech in Fulton, Missouri. He said a unique bond between the United States and the United Kingdom was the “only means” by which the...

New tariffs threatened by the US would be more harmful to China than the first batch, says bank CEO 0

New tariffs threatened by the US would be more harmful to China than the first batch, says bank CEO

The proposed U.S. tariffs on an additional $200 billion in Chinese goods would hit the world’s second-largest economy more severely than the previous custom duties did, according to the chief executive of Southeast Asia’s...

China’s trade surplus with the US grew in June 0

China’s trade surplus with the US grew in June

China on Friday reported that its trade surplus with the U.S. grew to $28.97 billion in June, according to data from China’s customs office. In May, the surplus had been $24.58 billion. The new...

An expensive push to curb the dangers of third-world cooking fires was a big flop 0

An expensive push to curb the dangers of third-world cooking fires was a big flop

For many decades, it was one of the globe’s most underappreciated health menaces: household pollution in developing countries, much of it smoke from cooking fires. The dangerous smoke — from wood, dung or charcoal...

Spare oil capacity could be ‘stretched to the limit’ by OPEC’s supply boost, IEA says 0

Spare oil capacity could be ‘stretched to the limit’ by OPEC’s supply boost, IEA says

OPEC’s rejuvenated bid to tame crude prices could soon exhaust the world’s spare capacity cushion, according to the latest monthly report from the International Energy Agency (IEA). The IEA’s closely-watched report comes shortly after...

People are ‘numb’ to Trump’s behavior, says Wall Street veteran 0

People are ‘numb’ to Trump’s behavior, says Wall Street veteran

Despite the commotion, all three major indexes closed higher. The Dow Jones Industrial Average rose 94.52 points, breaking the 25,000 mark to close at 25,019.41. The S&P 500 also marked the best day since...