An acrimonious meeting of world leaders in Papua New Guinea failed to agree Sunday on a final communiqué, highlighting widening divisions between global powers China and the U.S. It now seems that the next occasion will be in Buenos Aires in the framework of the G20 leaders summit when presidents Trump and Xi are expected to hold a bilateral meeting.Add your comment!
The world of soybean shipping has turned upside down thanks to the ongoing U.S.-China trade war. Argentina, the No. 3 global soy grower, is making major purchases of U.S. supplies. A weekly measure of US shipments to Argentina just rose to the highest in at least 35 years, U.S. government data showed Tuesday.4 comments
China reported much stronger-than-expected exports for October as shippers rushed goods to the United States, its biggest trading partner, racing to beat higher tariff rates due to kick in at the start of next year. Import growth also defied forecasts for a slowdown, suggesting Beijing’s growth-boosting measures to support the cooling economy may be slowly starting to make themselves felt.
Leaving the European Union without a deal would be “absurd” and the whole process of Brexit can still be stopped, Tony Blair has claimed. The former prime minister said the British people should be given the chance to vote again on whether to remain in the EU because otherwise they faced either a “pointless” or a “painful” version of Brexit.
French President Emmanuel Macron has warned that Europeans cannot be protected without a true, European army, as he marks the centenary of the World War One Armistice.
The United States and China will hold a delayed top-level security dialogue on Friday, the latest sign of a thaw in relations, as China’s vice president said Beijing was willing to talk with Washington to resolve their bitter trade dispute.
US justice department has indicted three individuals and two companies based in China and Taiwan for allegedly stealing a US company's trade secrets. This is the fourth economic espionage case the department has brought against Chinese-based companies and individuals since September.
The Chinese Yuan weakened to a decade low on Tuesday on concerns over China's slowing economy and the US trade war, but Beijing was expected to prevent it breaking the psychologically important 7 Yuan per dollar barrier. The Yuan drifted past 6.96 to the dollar, hitting its weakest levels since May 2008.
President Trump and his Chinese counterpart Xi Jinping will meet at the G-20 summit in Argentina next month, the White House announced on Tuesday, amid an escalating trade war between the world’s two largest economies. The G-20 Summit, comprising top 20 economies of the world, including India, is scheduled to take place in Buenos Aires in Argentine on November 30 and December 1.
China's economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.