British Lawmakers Approve Heathrow Airport Expansion

The British Parliament has overwhelmingly approved plans to expand Europe’s biggest airport after decades of debate over its potential impact. The House of Commons on Monday voted 415-119 to build a third runway at London’s Heathrow Airport. Prime Minister Theresa May’s Conservative government and business groups strongly backed the expansion, …

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Stocks Sink as Trade Wars Loom

U.S. President Donald Trump on Monday again called for better trade terms with the European Union and Canada, while saying the United States needs greater trade balance with China. “I want the barriers taken down, I want our farmers to be able to trade,” he told a crowd of supporters …

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Mnuchin: New Investment Curbs Not Specific to China

U.S. Treasury Secretary Steven Mnuchin said on Monday that forthcoming investment restrictions from the department will not be specific to China but would apply “to all countries that are trying to steal our technology.” In a Twitter message, Mnuchin said stories on investment restrictions from Bloomberg and the Wall Street …

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Trump Threatens New Tariffs on Trading Partners

President Donald Trump has issued a warning to U.S. trading partners that unless they remove restrictions placed on American goods, they will face “more than Reciprocity by the U.S.A.” “The United States is insisting that all countries that have placed artificial Trade Barriers and Tariffs on goods going into their …

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UK Minister Tells Companies to Stop Brexit Warnings

A British minister accused Airbus and other major companies of issuing “completely inappropriate” threats and undermining Prime Minister Theresa May in a sign of growing tensions with businesses leaders over Brexit. Aircraft manufacturer Airbus last week issued its strongest warning over the impact of Britain’s departure from the European Union, …

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Trump Threatens 20 Percent Tariff on EU Cars

U.S. President Donald Trump is threatening to impose a 20 percent tariff on vehicles assembled in the European Union and shipped to the United States, in retaliation for European tariffs on American imports. On Friday, the day new EU tariffs went into effect, Trump tweeted, “…if these Tariffs and Barriers …

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OPEC Agrees to Increase Oil Production

OPEC ministers agreed Friday to increase oil output, a move that could ease supply fears and lower world prices, but uncertainties remain about the durability of the outcome. The agreement theoretically sees OPEC raising crude oil production by a million barrels a day, but analysts say the output will be …

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Europe to Impose New Tariffs on US Goods

The European Union is set to impose tariffs Friday on billions of dollars worth of American goods — including jeans, bourbon and motorcycles. The action is the latest retaliation against U.S. President Donald Trump’s decision to slap import tariffs on steel and aluminum from around the globe. The U.S. is …

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UN: 40M in US Live in Poverty

A report by the U.N. special rapporteur on extreme poverty and human rights finds 40 million people in the United States live in poverty, 18.5 million live in extreme poverty and more than 5 million live in conditions of absolute poverty.  Special Rapporteur Philip Alston called the United States the most …

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China: ‘Capricious’ Trade Tactics Will Hurt US Workers

China’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington’s penchant for brandishing “big sticks.” Previous trade negotiations with the United States had been constructive, but because the …

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