Iceland resorts to crisis Interest rate cut as exports collapse
Iceland’s central bank slashed its main interest rate as policy makers head into uncharted territory to save the economy.
Boris Johnson’s Brexit Problem: An Army of Workers Off Work
Britain’s flagship job support program may have dulled the economic pain of the coronavirus crisis, but it is storing up a future problem for Prime…
Singapore Sees Downside Risks Despite Recent Jump in Exports
Singapore Trade & Industry Minister Chan Chun Sing said there are many “downside risks” to the economy despite recent data showing a surprise improvement in…
China’s Commodities Rebound Faces Decisive Test at Policy Meet
The rebound in China’s world-leading markets for industrial commodities will enter a decisive phase this week, as investors brace for a government response to the…
As Trump Eyes Foreign Cattle, Ranchers Say Real Threat Is Beef
President Donald Trump raised the possibility of halting cattle imports to help an industry hit by slaughterhouse logjams. Ranchers say they’re more concerned about foreign…
Trump Investing Millions to Bring Drugmaking Back to U.S.
The Trump administration plans to pump millions of dollars into producing more medications in the U.S. as the coronavirus pandemic heightens longstanding concerns about the…
Graves commends EPA for major step toward greater regulatory transparency
Transportation and Infrastructure Ranking Member Sam Graves (R-MO) today commended U.S Environmental Protection Agency (EPA) Administrator Andrew Wheeler and the Trump Administration for a proposal…
China Considers More Economic Pain for Australia on Virus Spat
China is considering targeting more Australian exports including wine and dairy, according to people familiar with the matter, in what would be a dramatic deterioration…
U.K. Announces Plan for Sweeping Tariff Cuts After Brexit
The U.K. set out its post-Brexit tariffs plan, cutting import duties on many products while protecting industries such as automotive and agriculture in global trade…
European Lockdowns Drive Car Sales to Record Monthly Drop
European car sales virtually stopped in April, dropping the most on record after the coronavirus halted production and closed dealerships from Spain to Germany.
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