Business
Weak global growth likely to mean US slowdown, not recession
Washington, Aug 16 (AP/UNB) — How fragile is the global economy? The U.S.-China trade war is weakening businesses in both countries, Germany's economy shrank in the second quarter, and Britain appears headed for a disruptive exit from the European Union this fall.
Trump's stance on Hong Kong shows his focus on China trade
Washington, Aug 16 (AP/UNB) — Rather than speak up strongly for the Hong Kong protesters, President Donald Trump on Thursday suggested the answer to their complaints of Chinese oppression is simply for Beijing's "great leader," Xi Jinping, to meet with them and peacefully sort out the unrest that has been decades in the making.
Indian business ties underpin muted Arab response to Kashmir
Dubai, Aug 15 (AP/UNB) — Gulf Arab countries have remained mostly silent as India's government moved to strip the Indian-administered sector of Kashmir of its limited autonomy, imposing a sweeping military curfew in the disputed Muslim-majority region and cutting off residents from all communication and the internet.
S. Korea's Moon calls for talks to end trade row with Japan
Seoul, Aug 15 (AP/UNB) — South Korean President Moon Jae-in offered an olive branch to Japan to end an ongoing trade dispute Thursday, saying Seoul will "gladly join hands" if Tokyo wants to talk.
Asian stocks lower after US indexes tumble on recession fear
Beijing, Aug 15 (AP/UNB) — Asian stock markets followed Wall Street lower on Thursday after the Dow Jones Industrial Average plunged on mounting fears of a possible recession.
Trump suggests trade deal can wait for Hong Kong resolution
Washington, Aug 15 (AP/UNB) — President Donald Trump suggested Wednesday that trade talks with China can wait until tensions in Hong Kong have eased, tweeting: "Of course China wants to make a deal. Let them work humanely with Hong Kong first!"
Ford extends transmission warranty for 560K Fiestas, Focuses
Detroit, Aug 14 (AP/UNB) — Ford is extending the warranties on about 560,000 small cars in the U.S. and Canada to cover a litany of problems with a troubled six-speed automatic transmission.
German recession fears weigh on stocks after relief rally
London, Aug 14 (AP/UNB) — Fears that Germany could slip into a recession weighed hard on European stock markets Wednesday, a day after a modest relief rally prompted by the U.S. decision to delay some tariffs on Chinese imports.
German economy shrinks amid trade concerns, auto woes
Frankfurt, Aug 14 (AP/UNB) — The German economy shrank by 0.1 percent in the second quarter from the previous three-month period as global trade conflicts and troubles in the auto industry weighed on Europe's largest economy.
UK inflation edges back above 2% target in July
London, Aug 14 (AP/UNB) — Official figures show that inflation in Britain has unexpectedly risen back above the Bank of England's target, but with the Brexit date approaching there is little pressure on policymakers at the central bank to raise interest rates.