world-business
Companies reach tentative deal to settle opioids lawsuit
Cleveland, Oct 21 (AP/UNB) — The nation's three dominant drug distributors and a big drugmaker have reached a tentative deal to settle a lawsuit related to the opioid crisis just as the first federal trial over the crisis was due to begin Monday, according to a lead lawyer for the local governments suing the drug industry.
6 years ago
International Monetary and Financial Committee urges resolving trade tensions
Washington, Oct 20 (Xinhua/UNB) -- The International Monetary and Financial Committee (IMFC), the policy-setting body of the International Monetary Fund (IMF), on Saturday called on countries to resolve trade tensions and support the necessary reform of the World Trade Organization.
6 years ago
Chinese economy maintains stable growth amid external headwinds: central bank governor
Washington, Oct 20 (Xinhua/UNB) -- "Facing significant external headwinds from trade protectionism in some major economies, China has maintained a stable growth in 2019, with main economic indicators kept within an appropriate range," Governor of the People's Bank of China Yi Gang said Saturday.
6 years ago
IMF warns of downside risks for Asian economy amid trade tensions
Washington, Oct 19 (Xinhua/UNB) -- Asia is expected to grow at 5.0 percent in 2019 and 5.1 percent in 2020, with risks to the projection still skewed downward, an International Monetary Fund (IMF) official said on Friday.
6 years ago
Global finance leaders hopeful for modest rebound in 2020
Washington, Oct 19 (AP/UNB) — Global finance leaders agree that growth has slowed but they remain hopeful for a modest rebound next year as long as trade and geopolitical tensions do not worsen.
6 years ago
China's economic slowdown deepens, weighing on global growth
Beijing, Oct 18 (AP/UNB) — China's economic growth sank to a new multi-decade low in the latest quarter as a trade war with the U.S. deepened a slump that is weighing on the global economy.
6 years ago
Pakistan avoids terror financing blacklist for now
Paris, Oct 18 (AP/UNB)— An international monitoring agency has given Pakistan four months to prove it is fighting terrorism financing and money laundering — or it could be put on a damaging global blacklist.
6 years ago
Europe's specialty food makers brace for US tariffs
Milan, Oct 17 (AP/UNB) — European producers of premium specialty agricultural products like French wine, Italian Parmesan and Spanish olives are facing a U.S. tariff hike due Friday with a mix of trepidation and indignation at being dragged into a trade war they feel they have little to do with.
6 years ago
China appeals to Washington for quick end to trade war
Beijing, Oct 17 (AP/UNB) — China appealed to Washington for a quick end to their tariff war but gave no indication Thursday what more Beijing might want before it carries out what President Donald Trump says is a promise to buy up to $50 billion of American farm goods.
6 years ago
Apple economy latest casualty in strife-torn Kashmir
Shopian, Oct 17 (AP/UNB) — Kashmir's apple orchards, a backbone of the economy that supports nearly half the people living there, are deserted with fruit rotting on the trees at a time when they should be bustling with harvesters.
6 years ago