At last week’s presidential summit, President Donald Trump and Chinese President Xi Jinping agreed to cut $60 billion in tariffs on goods traded between China and the U.S. Each country will remove $30 billion in levies on goods not seen as supporting vital industries at home.
Argentina’s population living below the official poverty line grew by 4.1 percent during the first half of this year, raising the total from 28.2 percent to 32.3 percent, the national statistics agency reported.
In a speech to his governing Labour Party’s annual conference this week, U.K. finance minister John Healey championed investments in defense contractors to revitalize Britain’s manufacturing industry.
Unceasing drone and missile attacks on Black Sea ports and vessels by Russia and Ukraine are crippling exports of corn, wheat, and other foundational foodstuffs from both countries.
Steadily rising bond yields have become a “major concern” to governments as larger interest payments gnaw at their budgets, the International Monetary Fund (IMF) has reported in an update to its economic outlook.
Businesses are closing their doors, filing for bankruptcy protection, and shutting down operations as soaring costs, weak consumer demand, high interest rates, and shrinking profit margins continue to squeeze companies of every size.
Companies continue to slash payrolls as rising costs, weakening demand, and growing financial pressures take their toll.
