China’s factory-gate deflation deepens as trade war bites

BEIJING (Reuters) -China’s factory-gate prices posted the steepest drop in six months in April while consumer prices fell for a third month, underlining the need for more stimulus as policymakers grapple with the economic toll from a trade war with the United...
World reacts after India, Pakistan agree to stop firing

World reacts after India, Pakistan agree to stop firing

NEW DELHI (Reuters) -U.S. President Donald Trump said on Saturday that India and Pakistan had agreed to a “full and immediate ceasefire” after a fourth day of strikes and counter-strikes against each other’s military installations.This is what global...
US and Chinese officials to resume talks to ease trade war on Sunday

US and Chinese officials to resume talks to ease trade war on Sunday

By John Revill and Emma FargeGENEVA (Reuters) -Top U.S. and Chinese officials wrapped up the first day of talks in Switzerland on Saturday aimed at defusing a trade war that threatens to hammer the global economy and planned to resume negotiations on Sunday, a source...
US House tax committee unveils partial tax plan to achieve Trump agenda

US House tax committee unveils partial tax plan to achieve Trump agenda

WASHINGTON (Reuters) -The U.S. House committee in charge of taxes released on Friday evening a partial text of its part of President Donald Trump’s proposed tax agenda that would make his 2017 tax cuts permanent, leaving out contentious issues before a planned...
Fed’s Barr: tariffs to boost inflation, slow growth later this year

Fed’s Barr: tariffs to boost inflation, slow growth later this year

(Reuters) -U.S. President Donald Trump’s trade policies will likely lift inflation, lower growth, and raise unemployment later this year, Federal Reserve Governor Michael Barr said, leaving policymakers with a potentially tricky decision on which problem to...
Germany’s Merz does not rule out EU defence borrowing

Germany’s Merz does not rule out EU defence borrowing

By Andrew Gray and Thomas EscrittBRUSSELS (Reuters) – Friedrich Merz did not rule out common European Union borrowing for defence on Friday during his first trip to Brussels as German chancellor, but said it could only be for exceptional circumstances and that...