Growth falls to 6.2 per cent in second quarter – the lowest on record – hit by sharp rise in US tariffs on Chinese goods in May China’s economy has slowed to its lowest growth rate in almost three decades, suggesting the trade war with Donald Trump is taking its toll. ... Read More »
Japan has resumed commercial whaling after 31 years, meeting a long-cherished goal of traditionalists that’s seen as a largely lost cause. Whaling boats embarked Monday on their first commercial hunts since 1988, when Japan switched to so-called research whaling, but will stay within the country’s exclusive economic waters. Japan’s six-month ... Read More »
Defensive equity strategies focused on high payouts and steady earnings have gained in popularity this year as investors flock to safety, worried the biggest stock market rally in decades is about to come crashing down. Investors have piled into defensive sectors, which generate higher dividends and have steady revenue ... Read More »
Financial markets fall amid growing fears that talks in Osaka will fail to break logjam Donald Trump and Xi Jinping have been urged to reach a trade deal or risk setting the global economy on a downward path as world leaders gathered in Japan for the G20 summit. Russian ... Read More »
Norwegian and Japanese oil tankers were targeted by an unprovoked attack on Thursday, in the Gulf of Oman, a key waterway used to transport energy supplies from the Middle East. No one has claimed responsibility or clarified how the tankers were attacked. “U.S. Naval Forces in the region received two ... Read More »
China and the United States clashed again this weekend on trade and security, accusing each other of destabilizing the region and potentially the world. Speaking on Sunday at the Shangri-La Dialogue in Singapore, Asia’s premier defense summit, China’s Defence Minister Wei Fenghe warned the United States not to meddle in ... Read More »
Hussein Dakroub| The Daily Star BEIRUT: The Cabinet will meet again Wednesday for a final reading of a draft austerity budget, two ministers said following Tuesday’s marathon session, the 17th in a series of meetings dedicated to examining the country’s 2019 fiscal plan. Wednesday’s session will be followed by a ... Read More »
The United Arab Emirates on Tuesday said it welcomed a June 25-26 “Peace to Prosperity” economic workshop hosted in Bahrain in cooperation with the United States. The Trump administration has cast the conference as an overture to its own plan for peace between Israel and the Palestinians. The UAE ... Read More »
US president tells rally China ‘broke the deal’ and publishes list of imported products that will face higher tariffs from Friday Donald Trump has warned that China has “broke the deal … so they’ll be paying” as the US and China moved to within 36 hours of a full-scale ... Read More »
They said the option had been discussed internally by senior Saudi energy officials in recent months. Two of the sources said the plan had been discussed with OPEC members and one source briefed on Saudi oil policy said Riyadh had also communicated the threat to senior U.S. energy officials. The ... Read More »
Lebanese Ministry of Information