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Trump and the Republican-controlled Senate are increasingly at odds on everything...

WASHINGTON — President Donald Trump's administration has continued to be volatile and chaotic in 2019, which should come as no surprise taking the past several years into consideration. But one development which only began in 2019 is a constant stream of embarrassments for the White House coming out of the Senate. There have been a…

Trump sends ominous warning to EU that ‘tough’ stances on Brexit...

US President Donald Trump sent an ominous warning to the EU that its "tough" stances on Brexit and US trade will come "back to bite you." Trump tweeted on Wednesday night that it was "too bad that the European Union is being so tough on the United Kingdom and Brexit" after EU leaders on Wednesday…

A new hedge fund with one of the biggest debuts of...

Photo by Vianney Le Caer/Invision/AP D1 Capital Partners placed a "rare" short bet worth about €216 million ($243 million) against Adidas. While the stock is near six-month highs, Adidas is facing more competition. D1 Capital, led by Daniel Sundheim, was also active in shorting UK companies last month. D1 Capital Partners is betting against German…

China just slashed its target for economic growth, and it’s a...

China will lower the growth target for the country's GDP from a hard 6.5%, to a more flexible range of 6% to 6.5%.The move is significant, and reflects worries domestically about the longer term impact of the trade battle with the US."Economic and trade frictions ... had an adverse effect on the production and business…

Sudan’s Bashir bans protests, regulates foreign currency trade

Sudan's President Omar al-Bashir banned public gatherings and protests in a series of emergency decrees issued on Monday as he faces the most sustained anti-government street unrest of his 30-year rule. In a statement issued by the presidential palace, Bashir also announced a ban on trading or hoarding subsidised fuel products, as well as new regulations…

American agriculture companies are sounding the alarm on Trump’s trade war

Johan Viirok/FlickrThe agriculture sector is struggling in wake of a trade war between the two largest economies.Tariffs have sent agricultural prices lower and halted shipments from the US.American agriculture exports are expected to drop by $1.9 billion this year, according to new estimates from the USDA chief economist. Seven months into a trade war between…

The US and EU seem to be on completely different pages...

Win McNamee/Getty Images The US and EU are expected to start negotiating a trade deal. But with contrasting priorities on each side, experts doubt a compromise will be forged anytime soon. A Commerce Department report on the Trump administration's proposed car tariffs is due this month, which could make or break the start of talks. …

US stocks set to slide as charges against Huawei ignite fears...

The Huawei charges are not helping markets. Reuters / Lucas Jackson The US Justice Department charged Chinese tech giant Huawei with bank fraud and conspiring to steal trade secrets, and it's is not helping market sentiment. Asian markets closed with slight declines, European stocks were mixed and US futures are set to open lower. "The…

Australian couple on luxury yachting holiday ‘secretly involved’ in drugs trade,...

By Lice Movono Updated January 28, 2019 15:41:58 Former Australian horse trainer John Nikolic and his wife Yvette were "secretly involved in the wicked, international drugs trade," the High Court in Suva has heard. Key points:John and Yvette Nikolic sailed from USA to Colombia and were arrested in Fiji in JuneFiji police found cocaine, other…

Myanmar cracking down on opium, but conflicts fuel drug trade

The amount of land being used to grow opium poppies continues to decline in Myanmar, but ongoing conflicts are hampering efforts to stamp out the trade at a time when the illicit drug economy is becoming increasingly diverse, according to a new UN report. Some 37,300 hectares of land in the country was under poppy…
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