Barrick Gold to sell Alaska mine stake to John Paulson, NovaGold for $1.1 billion
Canada’s Barrick Gold said on Tuesday it will exit the Donlin Gold Project in Alaska by selling its 50% stake to billionaire John Paulson and NovaGold Resources for up to $1.1 billion. Paulson and NovaGold will acquire 80% and 20%,…
German government sees inflation falling to 2% this year, says source
BERLIN -The German government foresees inflation falling to 2% this year and then to 1.9% next year, a source told Reuters on Tuesday.
PM Starmer welcomes UK top court ruling on biological sex in equality laws
LONDON – British Prime Minister Keir Starmer said a landmark ruling that the legal definition of a woman under equality laws should be based on biological sex provided much-needed clarity and a clear position to underpin gender policies. The Supreme…
Defense major Northrop Grumman’s profit halves on B-21 losses, shares slump
Northrop Grumman posted a 49% drop in first-quarter profit and missed sales expectations on Tuesday, as the U.S. contractor booked losses on its B-21 stealth bomber program due to higher manufacturing costs, sending its shares down 10% in premarket trading….
China urges Japan to help fight US tariffs together, Kyodo reports
TOKYO -Chinese Premier Li Qiang has sent a letter to Japanese Prime Minister Shigeru Ishiba calling for a coordinated response to U.S. President Donald Trump’s tariff measures, Japan’s Kyodo news agency reported on Tuesday. The letter, sent via the Chinese…
IMF cuts Japan’s growth forecast as Trump tariffs bite
TOKYO -The International Monetary Fund on Tuesday cut its economic growth forecast for Japan and projected the central bank would lift interest rates at a slower-than-expected pace due to the impact of higher U.S. tariffs. The downgrade highlights the damage…
China urges UK and EU to uphold multilateral trade in face of U.S. tariffs
BEIJING -Chinese Foreign Minister Wang Yi on Tuesday urged Britain and the European Union to safeguard multilateral trading systems, as Beijing seeks to rally support from trading partners to counter U.S. tariff measures. Wang told British Foreign Secretary David Lammy…
Exclusive-‘China Track’ bank netting system shields Russia-China trade from Western eyes
MOSCOW -Major Russian banks have set up a netting payments system dubbed “The China Track” for transactions with China, aiming to reduce their visibility to Western regulators and mitigate the risk of secondary sanctions, banking sources told Reuters. Russia’s trade…
Citi says odds of recession in US close to 45%, largest effect of tariffs to happen in second half
NEW YORK -Citigroup’s Chief Economist Nathan Sheets said on Tuesday the U.S. has a 40% to 45% chance of recession as the economy suffers the impact of tariffs imposed by President Donald Trump on China and other trading partners. Sheets…
Trump looking at cutting US drug prices to international levels, sources say
Drugmakers have been warned that the Trump Administration is considering linking U.S. medicine prices to lower amounts paid by other developed countries, according to two company sources who called the option the pharmaceutical industry’s top concern. Both sources, who were…
Google faces trial in US bid to end search monopoly
Alphabet’s Google faces a historic trial on Monday as U.S. antitrust enforcers in Washington seek to force the tech giant to sell off its Chrome browser as part of a bid to restore competition to the market for online search…
Boeing eases latest 737 MAX headache – a shortage of nuts and bolts
Seattle -Boeing has secured new stocks of specialized nuts and bolts that hold together its top-selling commercial jet, two industry sources told Reuters, avoiding for now any slowdown in U.S. plane production due to a fire at a key supplier’s…
China’s US envoy urges end to trade war, but warns Beijing ready to fight
China’s ambassador to the United States, Xie Feng, has urged Washington to seek common ground with Beijing and pursue peaceful coexistence while warning that China stood ready to retaliate in the escalating trade war. Speaking at a public event in…
Trump administration kicks off plan for expanded offshore drilling
The U.S. Interior Department on Friday said it would begin taking public input for a new five-year offshore oil and gas leasing program that could include new zones in the Arctic and elsewhere to maximize energy development. President Donald Trump…
Exclusive-Iran wants guarantees Trump will not quit a new nuclear pact, Iranian official says
DUBAI – Iran told the United States in talks last week it was ready to accept some limits on its uranium enrichment but needed watertight guarantees President Donald Trump would not again ditch a nuclear pact, a senior Iranian official…
China shipbuilders rip Trump’s ‘short-sighted’ US port fees
BEIJING -China’s shipbuilders on Saturday blasted as “short-sighted” U.S. port fees announced by President Donald Trump’s administration on China-linked ships, a measure aimed at the nation’s shipbuilding industry. Trump signed an order on Wednesday aimed at reviving U.S. shipbuilding and…
US Supreme Court temporarily blocks deportations of Venezuelan migrants under wartime law
WASHINGTON – The U.S. Supreme Court on Saturday temporarily barred President Donald Trump’s administration from deporting Venezuelan men in immigration custody after their lawyers said they faced imminent removal without the judicial review that the justices previously ordered. “The Government…
Venezuelan migrants told of imminent deportation under US wartime law
Two Venezuelan men detained in Texas were told by a U.S. official that they will be deported imminently under an 18th century American wartime law, lawyers for some Venezuelan migrants told a U.S. federal court on Friday. In a court…
China’s fiscal revenue falls 1.1% in January-March
BEIJING – China’s fiscal revenue decline slowed in the first three months this year as Beijing works to shore up its economy while weathering the storm from mounting U.S. tariffs. Fiscal revenue in the January-March period totalled 6.0 trillion yuan…
Iran says nuclear deal is possible if Washington is realistic
MOSCOW – Iran believes reaching an agreement on its nuclear programme with the United States is possible as long as Washington is realistic, Foreign Minister Abbas Araqchi said on Friday on the eve of a second round of talks with…
In US Chinatowns, merchants ‘don’t want the trade war to be a war’
Last week, a pack of rice crackers at Sun Vin Grocery store on Mulberry Street in New York City’s Chinatown cost $4.99. But this week, after President Donald Trump’s tariffs on items imported from China took effect, the same crackers…
China pushes anti-‘bullying’ agenda amid tensions with US
BEIJING – China’s Foreign Minister Wang Yi warned Global South nations that “unilateral bullying” was hurting a rules-based world, as Beijing kept up the diplomatic pressure on U.S. President Donald Trump to roll back his punitive trade tariffs. Power politics…
Russia’s Putin declares unilateral Easter ceasefire in Ukraine
Russian President Vladimir Putin declared a unilateral Easter ceasefire in Ukraine, ordering his forces to end hostilities at 6 p.m. Moscow time (1500 GMT) on Saturday until the end of Sunday. President Volodymyr Zelenskiy said Ukrainian air defence units were…
Japan finance minister ‘deeply concerned’ over Trump tariff impact
TOKYO -Japan is “deeply concerned” about global economic fallout from U.S. President Donald Trump’s trade tariffs, Finance Minister Katsunobu Kato said on Thursday in the government’s strongest warning yet as the two nations began trade talks. In an interview with…
Netflix signals confidence with upbeat revenue outlook
LOS ANGELES -Netflix executives on Thursday backed the company’s revenue outlook for the year and voiced confidence that the streaming service would weather any economic turbulence from President Donald Trump’s erratic tariff plans. Following an earnings report that topped…
Tesla settles Black employee’s lawsuit alleging pervasive harassment
Tesla has settled a racial discrimination lawsuit by a Black female employee who claimed a manager at its Fremont, California, plant sometimes greeted workers by saying “welcome to the plantation” or “welcome to the slave house.” Raina Pierce, who installed…
Trump order seeks looser regulation of US fishing industry
U.S. President Donald Trump issued an executive order aimed at increasing domestic seafood production by directing the Commerce Department to loosen regulations and by opening up marine monuments to commercial fishing, the White House said on Thursday. WHY IT’S IMPORTANT…
US, Ukraine sign memorandum as first step to minerals deal, senior Ukrainian official says
KYIV/WASHINGTON -Ukraine said on Thursday that Kyiv and Washington had signed a memorandum as an initial step towards clinching an agreement on developing mineral resources in Ukraine, a deal promoted by U.S. President Donald Trump. Trump said the accord could…
US Supreme Court to hear Trump bid to enforce birthright citizenship order
WASHINGTON – The U.S. Supreme Court said on Thursday it will hear arguments next month over Donald Trump’s bid to broadly enforce his executive order to restrict automatic birthright citizenship, a key pillar of the Republican president’s hardline approach toward…
IMF sees US-China trade grievances, welcomes India tariff cuts
WASHINGTON -International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that the U.S. and China both have trade grievances, but the world’s two largest economies needed to reduce uncertainty and agree on a fairer, rules-based trading system. Georgieva, speaking…