IMF, European Leaders Rebuke Trump on Planned Tariffs

The International Monetary Fund and European leaders pushed back Wednesday against U.S. President Donald Trump’s plan to impose steep tariffs on steel and aluminum imports, saying it would provoke a calamitous global trade war. IMF chief Christine Lagarde told a European radio interviewer, “If international trade is called into question …

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Indian Architect Wins Prestigious Pritzker Prize

Architect and educator Balkrishna Doshi, best-known for his innovative work designing low-cost housing, has been awarded the 2018 Pritzker Architecture Prize, the first Indian to win architecture’s highest honor in its 40-year history. The award was announced Wednesday by Tom Pritzker of the Chicago-based Hyatt Foundation. Doshi has been an …

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Kenya Is Slowly Running Out of Coffee Farmers

Kenyan coffee has an international reputation for good quality. But Kenya’s coffee industry is struggling as production levels have dropped and a younger generation shows little interest in farming. Since the 1980s, coffee production has dropped by two-thirds. “The German school in Nairobi, when I was there in 1980, ’82, …

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Australia’s Central Bank Chief Slams US Tariffs

The head of Australia’s central bank is upbeat about domestic economic growth despite a disappointing end to last year, but fears the specter of a trade war calling threatened U.S. tariffs “highly regrettable.” President Donald Trump intends to slap duties on imports of steel and aluminum, a pledge that has …

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EU Tax Haven Blacklist Set to Shrink Further

European Union states are set to remove Bahrain, the Marshall Islands and Saint Lucia from a list of tax havens next week, leaving only six jurisdictions on it, an EU document shows. The planned removals from the EU list drew criticism from an anti-corruption watchdog on Tuesday. The decision is …

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