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U.S.-China officials discuss trade; Mnuchin eyes possible in-person talks

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CHANTILLY, France/WASHINGTON (Reuters) – U.S. and Chinese officials spoke by telephone on Thursday as the world’s two largest economies seek to end a year-long trade war, with U.S. Treasury Secretary Steven Mnuchin suggesting in-person talks could follow. Mnuchin and U.S. Trade Representative Robert Lighthizer spoke with their Chinese counterparts over the phone, Lighthizer’s office said Read More

Crude oil prices plunge as conflict between US and Iran cools

2 days ago DieselGasoil Comments Off on Crude oil prices plunge as conflict between US and Iran cools
Oil prices sank on Tuesday after President Trump and US Secretary of State Mike Pompeo struck a softer tone on Iran. The market acted swiftly, selling off crude oil. The comments come a day after Iran’s foreign minister Javad Zarif spoke with NBC News, where he seemed to crack open the door to negotiations of some Read More

US will not sell F-35 fighter jets to Turkey after its Russian missile defense purchase – Trump

3 days ago DieselGasoil Comments Off on US will not sell F-35 fighter jets to Turkey after its Russian missile defense purchase – Trump
President Donald Trump has said Washington will not sell Turkey its next-generation F-35 jet fighter, after Turkey took delivery of the Russian-made S-400 air defense system. Turkey has been a partner in the F-35 program. “The situation with Turkey is very complex and tough. We are in contact with Turkish officials,” Trump said. US officials Read More

Risks aside, Trump’s team sees China trade stance as strength in 2020

1 week ago DieselGasoil Comments Off on Risks aside, Trump’s team sees China trade stance as strength in 2020
WASHINGTON (Reuters) – As trade talks resume between China and the United States, President Donald Trump’s advisers are confident he can portray his stance against Beijing as a strength in the 2020 election, despite making concessions and having no deal in sight. FILE PHOTO: U.S. President Donald Trump attends a bilateral meeting with China’s President Read More

Countries failing on climate face ‘Green political muscle’: OECD

2 weeks ago DieselGasoil Comments Off on Countries failing on climate face ‘Green political muscle’: OECD
GENEVA (Reuters) – Politicians who fail to act on climate change will pay the price electorally, the head of the Organisation for Economic Cooperation and Development (OECD) said in a climate speech on Wednesday, criticizing some governments for going the wrong way. FILE PHOTO – Organisation for Economic Co-operation and Development (OECD) Secretary-General Angel Gurria Read More

Eva Air cancels hundreds more flights as cabin crew strike drags on

2 weeks ago DieselGasoil Comments Off on Eva Air cancels hundreds more flights as cabin crew strike drags on
TAIPEI (Reuters) – Taiwan’s Eva Airways (2618.TW) has canceled 550 more flights scheduled through mid-July as a cabin crew strike entered its 14th day, after latest negotiations on work conditions and wages broke down this week. Eva Air’s flight attendants and families participate in an event to gather support for the strike over work conditions Read More

EU open to talks with U.S. in aircraft subsidies dispute

2 weeks ago DieselGasoil Comments Off on EU open to talks with U.S. in aircraft subsidies dispute
BRUSSELS/WASHINGTON (Reuters) – The European Union said on Tuesday it was open to talks with Washington in a dispute over aircraft subsidies after the United States threatened an additional $4 bln in tariffs on EU goods including olives, Italian cheese and Scotch whisky. FILE PHOTO: U.S. and European Union flags are pictured during the visit Read More