biggest economy

MEXICO CITY  | Leftist leader takes reins in Mexico vowing to help poor

MEXICO CITY  — Leftist politician Andres Manuel Lopez Obrador assumed Mexico’s presidency with a promise — to profoundly transform Latin America’s second-biggest economy and to lead a government free of corruption. Seemingly tireless at age 65, Lopez Obrador breezed through a day of public appearances Saturday that included taking the oath of office and speaking to … Continue reading MEXICO CITY  | Leftist leader takes reins in Mexico vowing to help poor

PORT MORESBY, Papua New Guinea | China, US trade barbs in speeches at Pacific summit

PORT MORESBY, Papua New Guinea — China’s leader Xi Jinping and U.S. Vice President Mike Pence traded barbs in speeches to a summit of world leaders Saturday, outlining competing visions for global leadership. Pence said there would be no letup in President Donald Trump’s policy of combating China’s mercantilist trade policy and intellectual property theft … Continue reading PORT MORESBY, Papua New Guinea | China, US trade barbs in speeches at Pacific summit

PORT MORESBY, Papua New Guinea | China’s Xi: World faces choice of confrontation, cooperation

PORT MORESBY, Papua New Guinea — China’s president says the world faces a choice of cooperation or confrontation in a speech to a summit of leaders that is divided by tensions stemming from increased U.S. protectionism. President Xi Jinping expressed support for global free trading system that has underpinned his country’s rise to world’s second-biggest … Continue reading PORT MORESBY, Papua New Guinea | China’s Xi: World faces choice of confrontation, cooperation

BERLIN | German government advisers slash economic growth forecast

BERLIN — The German government’s panel of independent economic advisers has cut its growth forecast for this year, citing a tougher foreign trade environment, among other issues. The five advisers on Wednesday predicted growth of 1.6 percent this year in Europe’s biggest economy, down sharply from the 2.3 percent they forecast in March. They predicted … Continue reading BERLIN | German government advisers slash economic growth forecast

BRUSSELS | EU rejects Italy’s budget, raising stakes in dispute

BRUSSELS — The European Commission has rejected Italy’s proposed budget for next year, arguing its deficit and spending are out of line to keep its debt in control. It is the first time the EU executive rejects a member state’s budget. The EU’s executive wants the Italian government to produce a new budget proposal after … Continue reading BRUSSELS | EU rejects Italy’s budget, raising stakes in dispute

BERLIN | German government cuts growth forecast amid trade tensions

BERLIN — The German government has cut its forecast for the country’s economic growth this year to 1.8 percent from 2.3 percent, in part because of rising global trade tensions. The government also trimmed its 2019 outlook for Europe‘s biggest economy on Thursday, saying that it now expects 1.8 percent growth rather than the 2.1 … Continue reading BERLIN | German government cuts growth forecast amid trade tensions