economic growth

WASHINGTON | Trump’s new Africa strategy takes sharp aim at China, Russia

WASHINGTON— The Trump administration on Thursday announced a sharp refocus of its Africa strategy to counter what it called the “predatory” practices of China and Russia, which are “deliberately and aggressively targeting their investments in the region to gain a competitive advantage.” National security adviser John Bolton laid out the new strategy in remarks at … Continue reading WASHINGTON | Trump’s new Africa strategy takes sharp aim at China, Russia

FRANKFURT, Germany | European Central Bank ends stimulus despite growth worries

FRANKFURT, Germany — The European Central Bank is halting the stimulus program that for almost four years has supported the eurozone economy — despite new risks including global trade wars and Brexit. Thursday’s decision by the bank’s 25-member governing council to stop monthly bond purchases at year end closes out a 2.6-trillion euro ($3 trillion) … Continue reading FRANKFURT, Germany | European Central Bank ends stimulus despite growth worries

WASHINGTON | AP FACT CHECK: Economists say Trump off on tariffs’ impact

WASHINGTON — President Donald Trump promised on Twitter that tariffs would maximize the country’s economic heft and “MAKE AMERICA RICH AGAIN.” Almost all economists say the president is wrong. That’s because tariffs are taxes on imports. They can cause higher prices, reduce trade among countries and hurt overall economic growth as a result. The president’s … Continue reading WASHINGTON | AP FACT CHECK: Economists say Trump off on tariffs’ impact

BUCHAREST, Romania | Romania celebrates 100th birthday amid rule of law concerns

BUCHAREST, Romania — Thousands have turned out to celebrate 100 years since Romania became a modern-day state, amid concerns about rule of law and the state of democracy. Romanians attended military parades Saturday in Bucharest and Alba Iulia, the Transylvanian city that symbolizes Romania’s 1918 reunification. U.S. Secretary of State Mike Pompeo on Friday thanked … Continue reading BUCHAREST, Romania | Romania celebrates 100th birthday amid rule of law concerns

United States | YSEALI Celebrates Fifth Anniversary With Summit Focused on Innovation, Economic Growth

United States – Alumni of the Young Southeast Asian Leaders Initiative (YSEALI) and young American entrepreneurs and innovators will gather in Singapore December 3-5 to celebrate the Initiative’s fifth anniversary. The summit will focus on the United States and ASEAN as partners in growth and innovation. The gathering will showcase innovative approaches by U.S. companies … Continue reading United States | YSEALI Celebrates Fifth Anniversary With Summit Focused on Innovation, Economic Growth

WASHINGTON | Trump calls Federal Reserve ‘much bigger problem than China’

WASHINGTON — President Donald Trump says he thinks the Federal Reserve’s policies are a greater threat to U.S. economic growth than a burgeoning trade war with China. Trump told The Washington Post on Tuesday: “I think the Fed is a much bigger problem than China.” Trump adds that he is “not even a little bit … Continue reading WASHINGTON | Trump calls Federal Reserve ‘much bigger problem than China’

WASHINGTON | US consumer confidence slips in November but is still strong

WASHINGTON— U.S. consumer confidence slipped this month but remains strong. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 135.7 in November from October’s 18-year high 137.9. The index measures consumers’ assessment of current economic conditions and their outlook for the next six months. Their evaluation of today’s … Continue reading WASHINGTON | US consumer confidence slips in November but is still strong

TAIPEI, Taiwan | China’s pressure on Tsai weighs on local Taiwan elections

TAIPEI, Taiwan — China’s pressure campaign looms large as Taiwan holds local elections Saturday in what is seen partly as a referendum on the policies of independence-leaning President Tsai Ing-wen. Driven from power two years ago, the opposition Nationalists are hoping to regain territory by leaning on their pro-business image and a more accommodating line … Continue reading TAIPEI, Taiwan | China’s pressure on Tsai weighs on local Taiwan elections