China and the United States said Saturday that they had reached consensus on steps to substantially reduce the U.S. trade deficit with Beijing. The announcement followed high-level talks in Washington and U.S. allegations that unfair Chinese trade practices meant the United States was buying far more from China than it …

India and the European Union have given the World Trade Organization lists of the U.S. products that could incur high tariffs in retaliation for U.S. President Donald Trump’s global tariffs on steel and aluminum, WTO filings showed Friday. The EU said Trump’s steel tariffs could cost $1.5 billion and aluminum …

China has dropped an anti-dumping investigation and given long awaited approval for the sale of Toshiba’s memory chip business, in gestures that could suggest a thaw between Beijing and the U.S. as trade talks resumed in Washington. The Commerce Ministry said Friday ended the probe into imported U.S. sorghum because …

The European Commission is proposing that EU governments make direct money transfers to Iran’s central bank to avoid U.S. penalties, an EU official said, in what would be the most forthright challenge to Washington’s newly reimposed sanctions. The step, which would seek to bypass the U.S. financial system, would allow …

Switzerland’s government has requested a report into the risks and opportunities of launching its own cryptocurrency, a so-called “e-franc” that would use technology similar to privately launched coins like bitcoin but have backing of the state. The lower house of the Swiss parliament must now decide whether to back the …

The United States sought on Thursday to further choke off funding sources for Iranian-backed Hezbollah, imposing sanctions on its representative to Iran, as well as a major financier and his five companies in Europe, West Africa and the Middle East. The U.S. Treasury said Mohammad Ibrahim Bazzi was a Hezbollah …

The United Nations is forecasting that the global economy will expand by more than 3 percent this year and next year — but it warns that increasing risks could trigger “a shock to investment and trade” and a sharp drop to 1.8 percent growth in 2019.   The U.N.’s mid-year …

U.S. officials and politicians say they are increasingly frustrated and looking for ways to fight back against what they see as China’s use of its market power to impose “politically correct” behavior on American companies. Airlines, retailers and hoteliers all have been pressured to alter products and promotions that offended …

President Donald Trump stepped into a round of tough trade talks with China on Thursday after the White House confirmed a meeting between the U.S. president and Chinese Vice Premier Liu He. The two world powers are taking part in a second series of trade negotiations that started Thursday. The …

Hundreds of truck drivers blocked roads across Bulgaria on Thursday as European Union leaders met in Sofia, protesting proposed EU rules they say would cost their jobs and put their firms out of business. Transport company owners described the initiative, known as the Mobility Package, as a protectionist measure designed …

Canadian Prime Minister Justin Trudeau on Thursday said he felt “positive” about talks to rework the NAFTA trade pact, while a top Mexican official held out hope a deal could be hammered out by the end of May. U.S. officials say the negotiations need to wrap up very soon to …

The European Commission will initiate plans Friday to prohibit European companies from adhering to U.S. sanctions against Iran, a move to help keep the Iran nuclear agreement intact and to defend European corporate interests. “We have the duty to protect European companies,” Commission President Jean-Claude Juncker said following a meeting …

Sparks fly and machines whir as workers busily prepare thousands of steel pipes that will become part of a vast undersea pipeline bringing gas from Russia to Germany’s northeastern Baltic coast. The Nord Stream 2 project will double the amount of natural gas Russia can funnel directly to the heart …

Iranian state TV is reporting that the country has signed an agreement with a British consortium to develop an oil field, just as another major company, France’s Total, says it will withdraw from Iran because of the renewed U.S. sanctions. The new agreement is the first between Iran and a …

The European Union has called on U.S. President Donald Trump’s administration to stop threatening it with tariffs on steel and aluminum, saying Thursday it is prepared to discuss trade — but not at gun-point.   In March, Trump slapped tariffs of 25 percent on steel imports and 10 percent on imported …

President Donald Trump says the United States has not “folded” in trade negotiations with China as both countries get set for another round of meetings. “We have not seen China’s demands yet,” Trump tweeted Wednesday. “The U.S. has very little to give because it has given so much over the …

President Mauricio Macri says Argentina’s currency crisis is over, speaking as the country’s currency rebounded some and prices for its stocks and bonds rose.   Macri announced last week that Argentina was seeking a financing deal with the International Monetary Fund following a sharp drop in the peso.   Argentina …

Amsterdam unveiled far-reaching plans Wednesday to rein in tourism, reflecting the dissatisfaction of many residents who feel the city’s historic center has been overrun. The leading Green-Left and other parties negotiating a new municipal government after March elections vowed to return “Balance to the City,” in a document of that name seen by Reuters. “The …

The United States is pushing for a deal in negotiations on a revised North American Free Trade Agreement (NAFTA), the White House said Wednesday, but Canadian and Mexican officials were not due in Washington for talks before a Thursday deadline. President Donald Trump is committed to getting a better agreement …

Venezuelan authorities said they were reactivating a Kellogg Co plant under worker control Wednesday, a day after the U.S. multinational food producer pulled out of the crisis-hit country. Kellogg joined a host of other multinationals in exiting Venezuela and later confirmed President Nicolas Maduro’s leftist government had taken over its …

Major global brands Nike, H&M, Burberry and Gap have signed on to an initiative that aims to improve the industry’s record on sustainability after a study found less than 1 percent of clothing is recycled. The Ellen MacArthur Foundation, set up by the record-breaking sailor, announced on Wednesday that the brands were joining its …

Nigeria’s parliament passed a record 9.12 trillion naira ($29.8 billion) budget for 2018 on Wednesday aimed at boosting growth in West Africa’s biggest economy nine months before the country’s next presidential election. Growth remains fragile after Africa’s top crude oil producer last year emerged from its first recession in 25 …

Four years ago, Maeve Taylor and her husband decided to quit their jobs and move their family across the United States to start an organic dairy farm in New York. The couple used a federal loan to buy 35 cows and started to learn their new trade on a patch …

Canada’s federal government will cover financial losses a pipeline builder might suffer if British Colombia’s provincial government continues to obstruct the Trans Mountain pipeline expansion, the country’s finance minister said Wednesday. Finance Minister Bill Morneau also said that other investors would step in if Houston-based Kinder Morgan backs out of …

Malaysia’s new government to scrutinize past economic policies under the now ousted Najib Razak administration is prompting analysts to warn of a slide in investment and growth in one of Southeast Asia’s top economies. The new leadership has appointed a group of prominent citizens, an eminent persons group, to come up …