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White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States.
The Trump administration has clarified how it plans to ease the restrictions on US companies trading with Huawei. Officials said that the Chinese tech giant would remain on the Entity List, but that licenses to trade with the company would be issued under certain circumstances. Huawei was placed on the Entity List back in May, which means US companies are unable to sell technology to the company without government approval.
The U.S. government will issue licenses to companies seeking to sell goods to China’s Huawei where there is no threat to national security, Commerce Secretary Wilbur Ross said on Tuesday, leaving industry observers unsure about which products will pass muster.
The dollar held steady close to a two-year high against its peers on Friday, supported by data showing strong U.S. capital goods orders, while a first-quarter GDP report to be released later in the global day could further reinforce bullishness, reports by Reuters and NAN revealed.
A deal to end the months-long trade war between the U.S. and China could be reached by the end of April, White House Economic Adviser, Larry Kudlow, said on Sunday.
US President Donald Trump on Friday urged China to abolish tariffs on agricultural products imported from the United States — adding that trade talks between the rival powers were going well.
US President Donald Trump and China’s Xi Jinping agreed Saturday to suspend any new tariffs in the escalating trade war between the world’s two largest economies, even if huge existing duties will remain in place.
Saudi Arabia warned on Sunday that it would retaliate against any sanctions imposed on the oil-rich kingdom over the disappearance of journalist Jamal Khashoggi, as the Riyadh stock market plunged on growing investor jitters.
President Donald Trump, on Friday, threatened to place tariffs on all of the Chinese goods imported into the United States, ramping up the already tense trade relations with Beijing.
The US blamed Canada on Sunday for the disastrous ending to the G7 summit, saying Prime Minister Justin Trudeau "stabbed us in the back," while American allies held Washington responsible.
Summits of the Group of Seven powers are often marred by anti-globalist demonstrations in the streets of the host city.
The Trump administration is examining ways U.S. industries can hire more immigrant workers on a temporary basis, White House economic adviser Larry Kudlow said on Friday.
German Chancellor Angela Merkel heads to the White House Friday for talks with Donald Trump, facing an uphill struggle to save the Iran nuclear deal, avoid a trade war and make her relationship with the US president functional again.
Japan's politically sensitive trade surplus with the US edged down in March, government data showed Wednesday, as the two countries' leaders held talks over the thorny issue of bilateral trade.
Top US economic advisor Larry Kudlow on Friday warned a threat to hit China with tariffs on up to $150 billion of imports is not a negotiating ploy -- White House wants a change in Chinese behavior.
Tottenham have re-signed goalkeeper Michel Vorm on a deal until the end of the season to cover for the injured Hugo Lloris.
South East Governors Forum have resolved to meet with President Muhammad Buhari on Thursday over the welfare of Ndigbo.
Ahead of the preparations toward the Tokyo 2020 Olympics, the Minister of Youths and Sports Development, Sunday Dare, on Monday assured athletes that he would ensure a minimum of five months camping.
Oyo State Government has imposed fees on the transfer of students from private to government owned schools, pointing out that the costs were meant to offset administration procedures.
The Nigerian Institution of Metallurgical Mining and Materials Engineers (NIMMME) has said with available reserves of Iron Ore and lead, asides other resources, the nation can generate $292 billion.
The Minister of Science and Technology, Dr. Ogbonnaya Onu, has said the total revenue from the nation’s leather industry now valued between $600 to $800 million annually.
Speaking during the presentation of a play entitled, ‘Folly of Men’, on Sunday, at the University of Lagos (UNILAG), the renowned writer described the country’s education as horrifying.
An estimated $582 billion has been stolen from Nigeria since independence in 1960.
Government College, Ibadan Old Boys Association (GCIOBA) says it has so far raised over N60 million to support educational development of the school.
Gunmen suspected to be kidnappers have killed one person and abducted a Nigerian Security and Civil Defence Corps (NSCDC) officer, with his two children at Dafara community, in Kuje Area Council, Abuja.