China Cuts Interest Rates to Shore Up Economy Hit by Trade War
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China Cuts Interest Rates to Shore Up Economy Hit by Trade War

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines China’s central bank cut interest rates and made it easier on Wednesday for banks to increase lending and pump more money into the economy, in the most significant policy steps taken by Chinese officials to limit the impact of the trade war with…

‘People Who Are Salaried Are Crying’: Taxes on Workers Add to Debt Misery
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‘People Who Are Salaried Are Crying’: Taxes on Workers Add to Debt Misery

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines The pay stubs tell the story. Hefty deductions to help cover the cost of Kenya’s new funds for affordable housing and health insurance. More money subtracted for jacked-up contributions to the National Social Security Fund and an increase in the tax rate. In…

Trump’s Tariffs Lead Japan to Slash Its Economic Growth Forecast
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Trump’s Tariffs Lead Japan to Slash Its Economic Growth Forecast

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines The growing list of major economies warning of weaker growth because of U.S. tariffs has a new member. The Bank of Japan said on Thursday that it expects the Japanese economy to grow 0.5 percent in the fiscal year that started on April…

Chinese Factories Slow in Early Sign of Trade War’s Toll
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Chinese Factories Slow in Early Sign of Trade War’s Toll

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines President Trump’s tariffs are already taking a toll on China’s factories. Three weeks into a trade war that pushed import tariffs of Chinese-made goods to 145 percent, an official report on manufacturing activity signaled that in April, Chinese factories experienced the sharpest monthly…

Why the Economic Disruption From Trump’s Tariff War Will Be Hard to Reverse
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Why the Economic Disruption From Trump’s Tariff War Will Be Hard to Reverse

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines President Trump has made clear his intent to smash the reigning global economic order. And in 100 days, he has made remarkable progress in accomplishing that goal. Mr. Trump has provoked a trade war, scrapped treaties and suggested that Washington might not defend…

Trump’s Tariffs Expected to Grind Germany’s Growth to a Halt
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Trump’s Tariffs Expected to Grind Germany’s Growth to a Halt

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Germany’s economy will not grow for the third year in a row, the government said on Thursday, scaling back a previous prediction as President Trump’s tariffs bite into Europe’s largest economy, leaving it stagnant. In January, the German government had predicted 0.3 percent…

A Crisis at a British Steel Mill Has Cast a Shadow Over U.K.-China Relations
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A Crisis at a British Steel Mill Has Cast a Shadow Over U.K.-China Relations

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Britain has sent a parade of senior officials to China this year, part of a calculated charm offensive to thaw out relations with a country that looms large in a world order upended by the United States under President Trump. But an emergency…

How Brexit, a Startling Act of Economic Self-Harm, Foreshadowed Trump’s Tariffs
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How Brexit, a Startling Act of Economic Self-Harm, Foreshadowed Trump’s Tariffs

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines Britain has watched President Trump’s tariffs with a mix of shock, fascination and queasy recognition. The country, after all, embarked on a similar experiment in economic isolationism when it voted to leave the European Union in 2016. Nearly nine years after the Brexit…

Plunge in Oil Prices Threatens Russia’s Vast Spending on Ukraine War
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Plunge in Oil Prices Threatens Russia’s Vast Spending on Ukraine War

#news #newstoday #topnews #newsupdates #trendingnews #topstories #headlines President Trump spared Russia from the tariffs he had imposed on 180 other nations in a bid to reshape global trade. But that did not exempt the country from the ensuing economic havoc. The price of oil, the lifeline of Russia’s economy and…