The United States government officials on Thursday hailed China's first meager purchase of U.S. soybeans since its trade war with the United States began in July and said they hoped for, but could not guarantee, more to come.
The US Senate has voted to withdraw US military aid for Saudi Arabia's war on Yemen and to blame the kingdom's crown prince for the murder of a journalist. The historic vote is the first time any chamber of US Congress has agreed to pull US forces from a military conflict under the 1973 War Powers Act.
An Arizona meat processor in the United States is recalling 12 million pounds of raw beef that health officials say already has sickened 246 people in 25 states with salmonella. JBS Tolleson Inc. said it was voluntarily expanding an October recall by about 5 million pounds, making it one of the largest recalls of ground beef in history.
Canadian businessman Michael Spavor, who worked with North Korea, is being investigated on suspicion of harming China’s state security, officials said, days after a former Canadian diplomat was detained in China in an escalating diplomatic row.
The United States consumer prices were unchanged in November, held back by a sharp decline in the price of gasoline, but underlying inflation pressures remained firm amid rising rents and healthcare costs. The strength in underlying inflation reported by the Labor Department on Wednesday supports views that the Federal Reserve will raise interest rates at its Dec. 18-19 policy meeting. The U.S. central bank has hiked rates three times this year.
A study carried out by Harvard University economists Dany Bahar and Douglas Barrios reveals that at least 8.2 million Venezuelan citizens would leave during 2019 their country to escape the economic and political crisis that Venezuela is experiencing.
China has reportedly proposed cutting tariffs on US-made cars to 15%, the same tax levied on car imports from other countries. Bloomberg reported that China's cabinet will review the plans, which would undo the 40% import duty China imposed on US cars this summer.
Two Russian strategic bomber aircraft capable of carrying nuclear weapons have landed in ally Venezuela, a show of support for Venezuela’s socialist government that has infuriated Washington
Mexico will invest more than US$ 30 billion in its poor southern states over the next five years, the foreign minister said, boosting the region economically as part of efforts to curb migration. Under pressure from the United States, Mexico is grappling to halt the northward flow of migrants fleeing violence and poverty in Central America.
Uruguay's exports of dairy products between January and November were worth 636 million US dollars, which represents a 17% increase compared to the same period last year, the National Milk Institute (INALE) announced Monday.