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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.
The Abuja Electricity Distribution Company (AEDC) has assured customers of providing 330,000 meters this year and an investment of N43 billion in networks with the new tariff to boost electricity supply.
The male hostel of Government Secondary School (GSS) in Gboko area of Benue state was on Wednesday gutted by fire.
Nasarawa State Governor Abdullahi Sule has assented to the Bill which prescribed death penalty for anyone found indulging in kidnapping in the state.
Alexandre Lacazette believes Arsenal prospect, Bukayo Saka, has a claim to being the Premier League’s best young player after breaking into the Gunners’ first-team.
The Nigeria international has been in impressive form for the Yellow Canaries this month, scoring a goal in their 2-1 defeat to PSG on February 4 and in their 3-3 draw against Dijon four days later.
Fernandes swapped Sporting CP for United for an initial fee of £46.5million (€55m) prior to the deadline and the Portugal international has already established himself as a key member of Ole Gunnar Solskjaer's side.
The Imo State government has renamed the Imo State College of Education, Ihitte Uboma after the late Senator Benjamin Uwajumogu as a way to mortalizing him for his service to the state.
A South African inquiry into the forced sterilisation of dozens of HIV-positive pregnant women said Monday that their rights had been breached, and called for government action.
Leicester City boss Brendan Rodgers discussed Manchester City keeper Ederson’s role in how Kelechi Iheanacho had to leave the field during their 1-0 loss to the champions in the Premier League.
President Muhammadu Buhari has charged the Nigerian military to re-examine strategies towards defeating the Islamic States for West African Province (ISWAP) terrorists in the North East.