United States

United States
Tuesday, August 2nd 2016 - 06:19 UTC

US and Brazil agree to open each others' beef market

USDA acknowledged that for the first time since 1999 the U.S. will allow imports of fresh and frozen Brazilian beef.

The United States and Brazil have agreed to allow access to each other's beef markets after more than a decade of negotiations. Brazil's Ministry of Agriculture, Livestock and Food Supply has agreed to imports of U.S. beef for the first time in 13 years, USDA announced today. And the U.S. will accept Brazilian beef for the first time since 1999.

Monday, August 1st 2016 - 13:16 UTC

US economy grows at slower pace in second quarter despite strong consumer spending

Consumer spending surged in the three months to June by an annual pace of 4.2% - the fastest pace since the fourth quarter of 2014.

The United States economy grew at a much slower pace than expected in the second quarter and GDP was revised down in the first three months of the year. The world's largest economy grew at an annual rate of 1.2% in the three months to June, far below forecasts of 2.6%, Growth for the first quarter was revised down from 1.1% to 0.8%.

Friday, July 29th 2016 - 13:25 UTC

Uruguay will not fund Turkey ticket for vanished ex Guantanamo inmate who surfaced in Venezuela

Dhiab is one of six former Guantanamo prisoners who were resettled in Uruguay after being released by U.S. authorities in 2014, invited by ex President Jose Mujica

The Uruguayan government announced on Thursday it will not fund the return trip or to Turkey or any third country, of former Guantanamo prisoner, Jihad Ahmad Dhiab who went missing for over a month and this week turned up at the Uruguayan consulate in Caracas, Venezuela.

Thursday, July 28th 2016 - 13:04 UTC

Fed sees current conditions remaining unchanged, at least until December

Fed chair Janet Yellen at the press conference following the cautious FOMC release

The United States Federal Reserve on Thursday left key interest rates untouched but acknowledged improved economic performance, suggesting a rate increase may be on the horizon in 2016.

Wednesday, July 27th 2016 - 09:43 UTC

Hillary makes history and becomes first woman candidate for president of the US

“I move that Hillary Clinton be selected as the nominee of the Democratic Party for president of the United States,” Sanders declared, asking that it be by acclamation.

Hillary Clinton triumphantly captured the Democratic nomination for president of the United States on Tuesday night, the first woman ever to lead a major political party into the general election.

Tuesday, July 26th 2016 - 17:42 UTC

Nephews of Venezuela's First Lady confess to trying to smuggle 800 kilos of cocaine to the US

Efraín Campo and Francisco Flores were arrested last November in Haiti in a sting operation coordinated by the Drug Enforcement Administration.

Two nephews of Venezuela’s powerful first lady Cilia Flores, confessed to trying to smuggle 800 kilograms of cocaine into the US, according to prosecutors in the politically-charged case. The court filings by prosecutors shed new light on the case that has sounded alarm bells about high-level corruption and drug trafficking by Venezuela’s political elite at a time of increasing economic and political turmoil in the country.

Wednesday, July 13th 2016 - 06:58 UTC

G20 trade ministers Shanghai meeting question China's industries overcapacity

 “We agree that we need to do more to achieve our common objectives for global growth, stability and prosperity.” said China’s Commerce Minister Gao Hucheng

In the face of a “worrying” rise in protectionism, trade ministers from the world’s major economies have agreed to cut trade costs, increase policy coordination and enhance financing, China’s Commerce Minister Gao Hucheng announced at the closing of the Group of 20, G20, meeting in Shanghai.

Wednesday, July 13th 2016 - 06:30 UTC

HSBC 2012 money laundering was so great that if charged it could have led to 'a global financial disaster'

The bank, which has its headquarters in London, paid a US$1.92bn settlement but did not face criminal charges . No top officials at HSBC faced any charges.

United States officials refused to prosecute HSBC for money laundering in 2012 because of concerns within the Department of Justice that it would cause a “global financial disaster”, a report says. A US Congressional report revealed UK officials, including Chancellor George Osborne, added to pressure by warning the US it could lead to market turmoil.

Monday, July 11th 2016 - 07:21 UTC

US employment rebounds strongly during June

Manufacturing employment rose by 14,000, there were 29,900 more jobs in the retail sector, and the leisure and hospitality sectors gained 59,000 jobs

US economy created 287,000 jobs in June, rebounding strongly from disappointing growth in May. The figure was much stronger than forecast, and the dollar and yields on US government bonds rose in the belief a US rate rise was now more likely.

Monday, July 11th 2016 - 07:16 UTC

Lord Prescott admits Iraq war was “illegal” and a “catastrophic decision”

Writing in the Sunday Mirror, Lord Prescott said he would live with the “catastrophic decision” for the rest of his life.

John Prescott, who was deputy prime minister when Britain went to war with Iraq in 2003, says the invasion by UK and US forces was “illegal”. Writing in the Sunday Mirror, he said he would live with the “catastrophic decision” for the rest of his life.

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!