US consumer sentiment plunges on tariff fears, inflation expectations jump
WASHINGTON -U.S. consumer sentiment plunged to a nearly 2-1/2-year low in March and inflation expectations soared amid worries that President Donald Trump’s sweeping tariffs, which have ignited a trade war, would boost prices and undercut the economy. The deterioration in…
South Korea asks US for tariff exemption, trade ministry says
SEOUL – South Korea’s trade minister has asked his U.S. counterpart to exempt the country from reciprocal tariffs if they go into effect in April, the trade ministry said on Saturday.During his visit to Washington this week, Trade Minister Cheong…
Putin says he will let Ukraine troops in Kursk live if they surrender
WASHINGTON/MOSCOW -U.S. President Donald Trump urged Kremlin leader Vladimir Putin on Friday to spare Ukrainian troops that Russia is pushing out of its Kursk region, an appeal Putin said he would honor if they surrendered. Trump posted on social media…
US Senate passes bill to avert shutdown, House Democrats turn on Schumer
WASHINGTON – The U.S. Senate on Friday passed a stopgap spending bill, averting a partial government shutdown, after Democrats backed down in a standoff driven by anger over President Donald Trump’s campaign to slash the federal workforce. After days of…
Russia deputy foreign minister visits North Korea
SEOUL – Russian Deputy Foreign Minister Andrei Rudenko is visiting North Korea, North Korean state media KCNA said on Saturday. His trip takes place following a U.S. proposal for a ceasefire in the Ukraine war where thousands of North Korean…
Mark Carney sworn in as Canada’s prime minister, says he can work with Trump
OTTAWA -Ex-central banker Mark Carney was sworn in as prime minister of Canada on Friday and immediately said he could work with U.S. President Donald Trump, who is promising tariffs that could devastate the Canadian economy. Carney succeeds Justin Trudeau,…
As Trump thaws ties, Russia has a new public enemy number one: Britain
LONDON -Two British diplomats expelled in a spying row. A blistering statement from Russia’s foreign intelligence service calling Britain “a warmonger.” And a threat from a top ally of Vladimir Putin to seize UK assets inside Russia. As the U.S….
Magnitude 5.5 earthquake hits southern Mexico, alarms sound in capital
MEXICO CITY- A magnitude 5.5 earthquake struck Mexico’s southern state of Oaxaca on Friday evening, Mexican authorities and the United States Geological Survey said.The quake hit near the town of San Miguel Achiutla at a depth of 64 km (40…
Putin suggests US ceasefire idea for Ukraine needs serious reworking
MOSCOW -President Vladimir Putin said on Thursday that Russia supported a U.S. proposal for a ceasefire in Ukraine in principle, but that any truce would have to address the root causes of the conflict and that many crucial details needed…
US weekly jobless claims fall amid labor market stability
WASHINGTON – The number of Americans filing new applications for unemployment benefits fell last week, but sharp government spending cuts and an escalating trade war threaten labor market stability. Initial claims for state unemployment benefits slipped 2,000 to a seasonally…
US inflation and labor market stable ahead of tariff turbulence
WASHINGTON -U.S. producer prices were unchanged in February for the first time in seven months, while fewer Americans filed claims for unemployment benefits last week, pointing to a stable economy that should allow the Federal Reserve to keep interest rates…
Euro surges on Ukraine ceasefire proposal, tariffs squeeze stocks By Tom Westbrook
SINGAPORE – The euro was riding at five-month highs on Wednesday on Ukraine’s readiness to accept a month-long ceasefire, while stocks whipsawed on back-and-forth U.S. tariff plans and concern about a U.S. economic slowdown. European equity futures jumped 0.8% and…
The United States agreed to resume military aid and intelligence sharing with Ukraine after Kyiv agrees to support Washington’s proposal for a ceasefire
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US to resume security support to Ukraine as Kyiv says it is ready to accept ceasefire proposal
JEDDAH -The United States agreed on Tuesday to resume military aid and intelligence sharing with Ukraine after Kyiv said it was ready to support Washington’s proposal for a 30-day ceasefire with Russia, the countries said in a joint statement. After…