newszine

Full-on trade war: Trump jacks up tariffs on $550bn of Chinese goods, blasts ‘unfair’ response

3 hours ago DieselGasoil Comments Off on Full-on trade war: Trump jacks up tariffs on $550bn of Chinese goods, blasts ‘unfair’ response
US President Donald Trump has announced yet another major hike of existing and future tariffs on some $550 billion in Chinese goods, criticizing Beijing’s attempt to offset the losses as ‘unfair’ and ‘politically motivated.’ Duties on $250 million worth of Chinese goods already taxed at 25 percent will increase to 30 percent starting on October Read More

As EU threatens trade retaliation, Brazil sends army to fight Amazon fires

4 hours ago DieselGasoil Comments Off on As EU threatens trade retaliation, Brazil sends army to fight Amazon fires
BRASILIA (Reuters) – European leaders on Friday threatened to tear up a trade deal with South America, reflecting the growing international dismay and anger with Brazil as a record number of fires in the Amazon rainforest intensified the unfolding environmental crisis. Against the global chorus of condemnation, Brazilian President Jair Bolsonaro was mobilizing the army Read More

Trump calls on U.S. firms to exit China as trade war escalates

7 hours ago DieselGasoil Comments Off on Trump calls on U.S. firms to exit China as trade war escalates
WASHINGTON/BEIJING (Reuters) – President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession. FILE PHOTO: U.S. President Donald Trump and China’s President Xi Jinping pose for a photo ahead of Read More

Facing global pressure, Brazil’s Bolsonaro may send army to curb Amazon fires

9 hours ago DieselGasoil Comments Off on Facing global pressure, Brazil’s Bolsonaro may send army to curb Amazon fires
BRASILIA (Reuters) – Amid growing global condemnation, Brazil’s President Jair Bolsonaro said on Friday he may mobilize the army to help combat a record number of fires sweeping through the Amazon rainforest. The Trump administration said it was “deeply concerned” about the wildfires and European leaders ratcheted up criticism of Brazil’s handling of the crisis, Read More

Powell: Fed to act as appropriate to keep expansion going

12 hours ago DieselGasoil Comments Off on Powell: Fed to act as appropriate to keep expansion going
(Reuters) – The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not. FILE Read More

The United States tends to produce lighter crude oil and import heavier crude oil

15 hours ago DieselGasoil Comments Off on The United States tends to produce lighter crude oil and import heavier crude oil
August 23, 2019 In 2018, total U.S. crude oil production grew by 17%, led by increased production of relatively light, less dense crude oil. The increase in light crude oil production is largely the result of the growth in crude oil production from shale and tight rock formations, which are now more accessible because of Read More

Ireland could try to block Mercosur trade deal on Amazon concerns: Varadkar

15 hours ago DieselGasoil Comments Off on Ireland could try to block Mercosur trade deal on Amazon concerns: Varadkar
FILE PHOTO: Irish Prime Minister Leo Varadkar arrives for a European Union leaders summit in Brussels, Belgium, July 2, 2019. Geoffroy Van Der Hasselt/Pool via REUTERS/File Photo DUBLIN (Reuters) – As wildfires rage through the Brazilian Amazon, Irish Prime Minister Leo Varadkar has said Dublin will vote against a trade deal between the European Union Read More

Stocks, dollar inch up ahead of Powell’s Jackson Hole speech

15 hours ago DieselGasoil Comments Off on Stocks, dollar inch up ahead of Powell’s Jackson Hole speech
LONDON (Reuters) – World stock markets and the dollar rose on Friday as investors looked to a speech by Federal Reserve chair Jerome Powell for clarification on whether the U.S. central bank remains on course to deliver another interest rate cut in next month. FILE PHOTO: The German share price index DAX graph is pictured Read More

Brexit has opened old wounds in Ireland — and anti-British sentiment is back

19 hours ago DieselGasoil Comments Off on Brexit has opened old wounds in Ireland — and anti-British sentiment is back
Anti-British sentiment in Ireland was never healed completely, but in the twenty years since the peace process and the signing of the Good Friday Agreement, it had sunk so low as to be almost negligible. Then came Brexit. Britain’s decision to ditch the European Union and strike out alone has unleashed what feels like a Read More