U.S. billionaire philanthropist Bill Gates unveiled on Tuesday in Beijing a futuristic toilet that doesn’t need water or sewers and uses chemicals to turn human waste into fertilizer. The Microsoft Corp co-founder, who a day earlier was one of the high profile guests at a major trade event in Shanghai, also lauded the globalized and free trade systems that made the toilet technology possible.
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.
The US Democrats have taken control of the House of Representatives in the mid-term elections. Taking control of the lower chamber of Congress for the first time in eight years will enable Democrats to thwart the president's agenda. But Mr Trump's Republicans are set to strengthen their grip on the Senate.
Communist-run Cuba’s economic growth will come in at around 1% this year, compared with the 2% previously forecast, due to a fall in exports and tourism revenue, state-run media reported over the weekend. The Caribbean island’s gross domestic product grew 1.8% last year and 0.5% in 2016.
Oil prices were mixed on Monday after a steep five-day fall, as the United States formally imposed punitive sanctions on Iran but granted eight countries temporary waivers allowing them to keep buying oil from the Islamic Republic. The sanctions are part of U.S. President Donald Trump’s effort to curb Iran’s missile and nuclear programs and diminish its influence in the Middle East.
U.S. Secretary of Agriculture Sonny Perdue announced that the United States has joined with 12 other nations, (including Mercosur founding members) to support policies that enable agricultural innovation, including genome editing. The International Statement on Agricultural Applications of Precision Biotechnology was released in Geneva at the World Trade Organization Committee on the Application of Sanitary and Phytosanitary Measures.
United States Secretary of State Mike Pompeo on Sunday defended the White House’s move last week to reimpose sanctions against Iran amid criticism from some conservatives that the action does not go far enough to cripple the country’s economy.
Uruguay's government asked Congress to allow United States troops and equipment to stay in country during the upcoming G20 meeting in neighboring Argentina, due to be attended by the US, Chinese, Russian and European leaders.
Wages in the United States grew at their fastest pace for nine years last month, the latest official figures show. The US Labor Department said wages grew at an annual rate of 3.1% in October, accelerating from a rate of 2.8% the month before. The economy also added 250,000 jobs last month, beating expectations, while the jobless rate remained at 3.7%.
The Trump administration is to reinstate all US sanctions on Iran removed under the 2015 nuclear deal. The White House said it was the toughest sanctions regime ever imposed on Iran and targeted Iran's energy, shipping and banking sectors.