United States

• Wednesday, June 20th 2018 - 08:37 UTC

  General Electric loses its place in the Dow Jones average after more than 100 years

  

  General Electric is losing its place on the Dow Jones Industrial Average after more than 100 years in a move that reflects a fall in the firm's fortunes and changes to the US economy. Walgreens Boots Alliance is to take its spot on the financial index, which tracks shares of 30 companies deemed representative of the US economy. The change takes effect on 26 June.

• Wednesday, June 20th 2018 - 07:25 UTC

  United States abandons UN Human Rights Council, “an organization not worthy of its name”

  

  The United States is leaving the United Nations’ Human Rights Council, US envoy to the UN Nikki Haley announced on Tuesday, calling it “an organization that is not worthy of its name”, and marking the latest withdrawal by the Trump administration from an international institution.

• Monday, June 18th 2018 - 08:34 UTC

  China knows better as Trump tariff strategy trsicks US voters

  

  Global Times Editorial
  
  The Trump administration announced tariffs on Chinese high-tech and industrial imports worth of US$50 billion. The first round, on imports totaling US$34 billion, will begin July 6, while the second round is still under review.

• Monday, June 18th 2018 - 08:30 UTC

  China forced to fight back with reciprocal tariffs

  

  The following editorial on the current US/China trade war was published by the official news agency Xinhua,

• Saturday, June 16th 2018 - 11:22 UTC

  Denuclearization or mutual deterrence in the Korean peninsula?

  

  If the Singapore meeting between Donald Trump and Kim Jong Un had been a zero-sum game, then Trump definitely lost. But maybe it wasn't. Kim got a meeting with Trump on terms of strict equality right down to the number of flags on display, which is a huge boost for his regime's claim to legitimacy.

• Saturday, June 16th 2018 - 10:43 UTC

  Beijing tells Trump it is ready to retaliate with tariffs on US$ 50bn US exports, but also wants to dialogue

  

  China responded forcefully in state media on Saturday after the administration of U.S. President Donald Trump said it would impose tariffs on US$50 billion of Chinese imports, but some commentary left room for further negotiations.

• Friday, June 15th 2018 - 10:55 UTC

  Markets waiting for Trump's announcement on US$ 50bn tariffs against China

  

  Asian shares wobbled on Friday as investors braced for U.S. tariffs against China, while the Euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time. U.S. President Donald Trump has made up his mind to impose “pretty significant” tariffs and will unveil a list targeting US$ 50 billion of Chinese goods on Friday, an administration official said. Beijing has warned that it was ready to respond.

• Friday, June 15th 2018 - 10:25 UTC

  IMF report warns Trump administration on trade, tariffs and budget deficits

  

  The International Monetary Fund said on Thursday that tax cuts will help fuel the U.S. economy this year and next. But it warned that growth after that will slide to levels just half of what the Trump administration is forecasting.

• Thursday, June 14th 2018 - 08:59 UTC

  Pompeo sets terms of Trump/Kim accord: no lifting of sanctions until complete denuclearization

  

  North Korea will not see any economic sanctions lifted until it has demonstrated “complete denuclearisation”, US Secretary of State Mike Pompeo has said. Pompeo was speaking at a press conference in Seoul with his South Korean and Japanese counterparts.

• Thursday, June 14th 2018 - 08:23 UTC

  Miami media says US$ 800 million in assets of Diosdado Cabello frozen in the US, but he flatly denies the version

  

  The U.S. government has frozen about US$ 800 million in assets from senior Venezuelan leader Diosdado Cabello Miami journalist Oscar Haza reported Tuesday during his morning radio show on Miami’s Spanish-language Zeta 92.3.