A US team is holding talks with North Korean officials to prepare a possible meeting between President Donald Trump and the North's leader Kim Jong-un. The talks in the village of Panmunjom, in the demilitarized zone between the two Koreas, are the latest sign that the summit could take place after all.
The threat of trade protectionism is the biggest concern looming over a solid upswing in the global economy, IMF managing director Christine Lagarde said. The “darkest cloud” on the economic horizon is the “determination of some to actually rock the system that has actually presided over the trade relationships that we have all undertaken and enjoyed to some extent over the last many decades”, said Lagarde.
Federal Reserve officials earlier this month suggested that another rate hike was on the way soon, while also noting several risks facing the economy, ranging from rising wage pressures to potential harm from the Trump administration's trade policies.
Tensions soared between a handful of leading MEPs and Facebook CEO Mark Zuckerberg as the 34-year-old billionaire avoided answering detailed questions on the company’s data policies during a meeting in the European Parliament on Tuesday evening. Zuckerberg gave general responses to the MEPs, who came to the meeting ready to grill the CEO over Facebook’s recent data scandal, its advertising policy, and whether the social media giant is a monopoly.
United States lawmakers passed Tuesday the first major rollback of banking regulations enacted after the financial crisis that were aimed at protecting taxpayers from fresh economic trauma and new bank bailouts.
Secretary of State Mike Pompeo has said the US is imposing the strongest sanctions in history on Iran. In a speech on Monday in Washington, America's top diplomat said Iran would be battling to keep its economy alive after the sanctions took effect.
President Donald Trump on Monday increased pressure on Venezuelan President Nicolas Maduro with an executive order that restricts his regime from selling off public assets and blocks purchases of the country's debt.
The United States and China are pulling back from the brink of a trade war after the world's two biggest economies reported progress in talks aimed at bringing down America's massive trade deficit with Beijing. We are putting the trade war on hold, Treasury Secretary Steven Mnuchin said on Sunday.
Two days before presidential elections in Venezuela, the Trump administration on Friday announced sanctions against a powerful governing party politician, accusing him of drug trafficking, extortion, money laundering and embezzling government money.
Ten people were killed and 10 wounded in a shooting on Friday morning at a high school south of Houston, authorities said. The shooting at Santa Fe High School was the nation's deadliest such attack since the massacre in Florida that gave rise to a campaign by teens for gun control.