United States president Trump is dropping plans to create an advisory group on infrastructure, a day after two other business panels were dissolved. The president has faced a backlash from business leaders over his remarks this week on white supremacists.
President Trump has said he is scrapping two business councils after more bosses quit over his handling of violent clashes in Virginia. Business leaders left the White House manufacturing council after the backlash against how he reacted to the far-right rally last weekend.
United Kingdom Prime Minister Theresa May has said it is important to condemn far-right views wherever we hear them as she was asked about Donald Trump's response to clashes in the United States. The PM said: I see no equivalence between those who propound fascist views and those who oppose them.
President Donald Trump has asked his country's top trade official to review China's practices regarding intellectual property. The move was incremental, but could eventually lead to the US imposing trade sanctions.
Prices in the United States rose by less than expected last month, as inflation in the economy remained tame. The Labor Department's Consumer Price Index (CPI) inched up 0.1% last month, only a slight improvement on a stagnant June figure. Economists polled by Reuters had expected a 0.2% month-on-month increase.
U.S. President Donald Trump's threat of military intervention in Venezuela was “an act of craziness,” the country's Defense Minister Vladimir Padrino said on Friday. Venezuela's foreign ministry was expected to issue a statement on Saturday responding to Trump's comment that “a possible military option” was under consideration for the crisis-racked nation.
Washington imposed sanctions on eight Venezuelan officials on Wednesday for their role in creating an all-powerful legislative body loyal to President Nicolas Maduro, while a mayor-turned-fugitive called for more anti-government protests. The new U.S. sanctions targeted politicians (including a brother of ex leader Hugo Chavez) and security figures but stopped short of actions against Venezuela's vital oil industry.
Members of the United States Congress are visiting Gibraltar to ‘show support’ for the Rock as they reflected on the close links between Gibraltar and the US. Acting Gibraltar Chief Minister Dr Joseph Garcia welcomed a delegation from the Congress of the United States to Gibraltar on Monday afternoon before taking them through a series of meetings throughout the course of yesterday.
Former Federal Reserve Chairman Alan Greenspan issued a bold warning that the bond market is on the cusp of a collapse that also will threaten stock prices. The longtime central bank chief said the prolonged period of low interest rates is about to end and, with it, a bull market in fixed income that has lasted more than three decades.
Brazilian farmers are in the midst of collecting their biggest corn harvest ever, and American supplies are also plentiful -- setting the stage for a stiff battle to win world buyers in the second half of the year.