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Gloomy Davos: Plenty of Crises, Few World Leaders

An array of crises will keep several world leaders away from the annual World Economic Forum (WEF) in Davos next week, which takes place against a backdrop of deepening gloom …

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WSJ: US Treasury Secretary Mnuchin Weighs Lifting Tariffs on China

U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for Jan. 30, the Wall …

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Indonesian Presidential Candidates Spar Over Corruption

Indonesian President Joko Widodo has accused his election rival of allowing corrupt candidates on his legislative ticket and failing to include women in senior positions. Widodo and former General Prabowo …

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Tunisia Hit by General Strike, Amid Economic Tensions

Workers around Tunisia went on strike Thursday to demand higher pay in a standoff with a government struggling to reduce unemployment, poverty and social tensions. All flights in and out …

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Chinese Trade Negotiator to Visit US in Late January

China’s economic czar, Vice Premier Liu He, will travel to the United States later this month for the second round of negotiations aimed at resolving the ongoing trade war between …

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John Bogle, Founder of Vanguard, Dies at 89 

John C. Bogle, who simplified investing for the masses by launching the first index mutual fund and founded Vanguard Group, died Wednesday, the company said. He was 89. Bogle did …

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Giant US Bank Reveals 29 Percent Pay Gap Between Men, Women

Female employees at Citigroup Inc around the world are paid just 71 percent of what men earn, the giant bank said on Wednesday, declaring its intentions to close its gender …

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Busiest US Port Sets All-Time Cargo Record in 2018

The Ports of Los Angeles and Long Beach on Wednesday said they set all-time records for moving cargo in 2018, after U.S. retailers and manufacturers pulled forward imports to avoid …

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UK Businesses Brace for No-Deal Brexit

Brexit has British business owners on edge — and that is great news for Lovespace, a storage and warehousing company outside London. Lovespace, which collects boxes from customers, stores them …

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World Economic Forum Warns of Impact of Global Tensions

International tensions and nationalist politics can further weigh on the global economy this year and hinder efforts to deal with big issues such as climate change, the organizers of next …

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Razor Burn: Gillette Ad Stirs Online Uproar

A Gillette ad for men invoking the #MeToo movement is sparking intense online backlash, with accusations that it talks down to men and groups calling for a boycott. But Gillette …

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Globalization, Climate Change Top Agenda of World Economic Forum

More than 3,200 government, business, academics and civil society leaders will address issues of globalization, climate change and other matters of world importance next week at the annual World Economic …

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‘Made in China 2025’ Feels Trade War Pinch

Although it is unclear if the United States and China will be able to meet a 90-day deadline and strike a deal on trade by March 2, the tussle is …

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France’s Macron Launches ‘Grand Debate’ Following Protests

French President Emmanuel Macron is formally launching a “grand debate” to try to appease the yellow vest movement following weeks of anti-government protests. Macron heads Tuesday to Grand Bourgtheroulde, a …

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China Reports Record Trade Surplus with US, Amid Signs of Slowing Economy

China’s trade surplus with the United States rose dramatically in 2018, despite a tit-for-tat tariff war with the U.S. that has roiled global markets. The surplus stood at a record-high …

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Detroit Auto Show, and Industry, Prepare for Transition

The auto industry gathered in Detroit on Sunday, on the eve of the last winter edition of North America’s premiere auto show, as carmakers grapple with a contracting market and …

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Saudi Energy Minister Concerned About Oil Price Volatility

Saudi Arabia’s energy minister said Sunday that major oil producers need to do better to narrow swings in prices that dip below $60 a barrel and rise above $86. “I …

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Zimbabwe Promises New Currency as Dollar Shortage Bites

Zimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of U.S. dollars has plunged the financial system into disarray and forced …

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SpaceX Reportedly to Lay Off About 10 Percent of Workforce 

Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on Friday. The company said it will “part …

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U.S. to Seek Comprehensive Agriculture Access in EU Trade Talks

The United States on Friday signaled it would not bow to the European Union’s request to keep agriculture out of planned U.S.-EU trade talks, publishing negotiating objectives that seek comprehensive …

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Uganda Not Worried China Will Seize Assets Over Rising Debt

Uganda’s growing debt is sustainable, and the country is not at risk of losing state assets to China, the country’s finance minister, Matia Kasaija, said this week. Uganda’s auditor-general warned …

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Despite Volatility in Retail Stocks, US Officials Predict Continued Growth

Despite the U.S. stock market recovery, Macy’s and American Airlines’ revised revenue forecasts for 2018 have sent their stock prices spiraling. Other retail stocks fell, too, including J.C. Penney, Nordstrom …

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