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Chance of world leaders reaching an agreement at G7 summit are poor

13 mins ago DieselGasoil Comments Off on Chance of world leaders reaching an agreement at G7 summit are poor
By Dominic Waghorn, diplomatic editor It used to be a reassuring ritual. World leaders turn up at a glamorous location somewhere, agree on how to make the world better, richer or safer, and leave after issuing a heart-warming communique to that effect. How quaint. Image: Donald Trump speaking at last year’s G7 summit in Quebec Read More

Brazil’s president to send army in to tackle wildfires

14 mins ago DieselGasoil Comments Off on Brazil’s president to send army in to tackle wildfires
Brazil’s president has signed an order deploying the military to help protect the Amazon from wildfires, a state governor in the country has said. President Jair Bolsonaro had earlier suggested troops could be sent in to battle the fires in the face of a global outcry. Antonio Denarium, the governor of the state of Roraima, Read More

Japan, U.S. reach framework trade pact, no U.S. concessions seen – Nikkei

21 mins ago DieselGasoil Comments Off on Japan, U.S. reach framework trade pact, no U.S. concessions seen – Nikkei
TOKYO (Reuters) – The United States and Japan have reached the broad framework of a trade agreement, Japan’s Nikkei business daily said on Saturday, with Tokyo making concessions on its agriculture but none immediately apparent from Washington on automobiles. FILE PHOTO: Japan’s Minister of Economic Revitalization Toshimitsu Motegi speaks during the signing agreement ceremony for Read More

Japan, U.S. made ‘big progress’ in trade talks: Japanese minister

1 hour ago DieselGasoil Comments Off on Japan, U.S. made ‘big progress’ in trade talks: Japanese minister
WASHINGTON (Reuters) – The United States and Japan have made “big progress” in bilateral trade talks and shared the understanding of the directionality of the trade talks, Japanese Economy Minister Toshimitsu Motegi said on Friday. FILE PHOTO: Japan’s Minister of Economic Revitalization Toshimitsu Motegi speaks during the signing agreement ceremony for the Trans-Pacific Partnership (TPP) Read More

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

3 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 heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation

3 hours ago DieselGasoil Comments Off on Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world’s two largest economies. FILE PHOTO: Containers are seen at the Yangshan Deep Water Read More

Oil spills into U.S.-China trade war, prices slump

4 hours ago DieselGasoil Comments Off on Oil spills into U.S.-China trade war, prices slump
NEW YORK (Reuters) – China on Friday said it would impose tariffs on U.S. crude oil imports for the first time, sending prices down nearly 4% to two-week lows as the escalating bilateral trade war fed worries over a slowdown in global oil demand. Pumpjacks are seen during sunset at the Daqing oil field in Read More

Oil declines as China plans tariffs on imported US crude, escalating trade fight

5 hours ago DieselGasoil Comments Off on Oil declines as China plans tariffs on imported US crude, escalating trade fight
New York — Oil settled lower Friday amid renewed concerns that spiraling US-China trade tensions could blunt global energy demand growth. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX October WTI settled down $1.18 at $54.17/b, and ICE October Brent was 58 cents lower on the day at Read More

Boy, eight, crashes parents’ car in second high-speed joyride

6 hours ago DieselGasoil Comments Off on Boy, eight, crashes parents’ car in second high-speed joyride
An eight-year-old boy is receiving counselling after crashing his parents’ car on his second high-speed drive of the week. After stealing the keys to the family’s Volkswagen Golf in the early hours of Friday morning, the child, from Soest, in northwestern Germany, drove 31 miles (50km) to the city of Dortmund, police in the city Read More

Made in USA: Trump calls on American firms to abandon China

6 hours ago DieselGasoil Comments Off on Made in USA: Trump calls on American firms to abandon China
By Ganesh Rao, business reporter President Donald Trump has furiously responded to China’s decision to impose new retaliatory tariffs on American goods. In a series of tweets, Mr Trump said he was ordering US companies to look at ways to close their operations in China and make more of their products in the United States Read More