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Tech companies lead US stock rally amid trade progress signs

A strong performance by technology stocks and signs of progress in the trade dispute between the U.S. and the European Union powered the market to its third consecutive gain Wednesday. The Nasdaq composite closed at an all-time high. The major stock indexes jumped in the last half-hour of trading amid reports that a meeting between … Continue reading Tech companies lead US stock rally amid trade progress signs

U.S. Department of State News: Progress on Ukraine Energy Reforms

WASHINGTON – U.S. Department of State today released the following statement: The United States is pleased to note that the Government of Ukraine has welcomed an important announcement made today related to reform of the Ukrainian energy sector.  The supervisory boards of Ukrainian state-owned Naftogaz and Main Gas ‎Pipelines of Ukraine signed a Memorandum of … Continue reading U.S. Department of State News: Progress on Ukraine Energy Reforms

BERLIN | German industry group says EU mustn’t be blackmailed by US

BERLIN — The head of an influential German industry organization is calling on the U.S. and the European Union to put an end to the escalating trade dispute between the two economic superpowers. Dieter Kempf of the Federation of German Industries said Monday that “Europe mustn’t allow itself to be blackmailed and should act with … Continue reading BERLIN | German industry group says EU mustn’t be blackmailed by US

BERLIN | The Latest: Italy wants to pay less to help asylum-seekers

BERLIN — The Latest on immigration into Europe (all times local): 10 p.m. Italy’s hard-line interior minister is taking steps to reduce the amount of money Italy spends on asylum-seekers, decreeing that only some will get expanded social services aimed at helping them integrate. The interior ministry said a directive designates two levels of services: … Continue reading BERLIN | The Latest: Italy wants to pay less to help asylum-seekers

BUENOS AIRES, Argentina | G-20 calls for more dialogue on rising trade tensions

BUENOS AIRES, Argentina — The world’s top financial officials meeting in Argentina’s capital on Sunday called for more dialogue on trade disputes that threaten global economic growth with one official warning that differences remain and tensions could escalate further. The two-day gathering of G-20 finance ministers and central bankers in Buenos Aires took place as … Continue reading BUENOS AIRES, Argentina | G-20 calls for more dialogue on rising trade tensions

WASHINGTON | Auto industry urges US to hit brakes on proposed car tariffs

WASHINGTON — The U.S. Commerce Department sought feedback on President Donald Trump‘s plans to consider taxing auto imports. It got an earful at an all-day hearing Thursday. Critics lined up to urge the administration to reject auto tariffs. They argued that the taxes would raise car prices, squeeze automakers by increasing the cost of imported … Continue reading WASHINGTON | Auto industry urges US to hit brakes on proposed car tariffs