Markets hold their breath as US and Chinese trade talks resume

Wednesday 22 August 2018 12:07 pm whatsapp whatsapp Trade negotiations between the US and China are set to resume today in a bid to avert a trade war between the world’s two largest economies.Treasury undersecretary David Malpass will meet Chinese Commerce vice minister Wang Shouwen, continuing discussions through to tomorrow. Tim Abington More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Share Chinese Foreign Ministry spokesman Lu Kang said the country hopes for a “good outcome” in the talks, adding: “We hope that everyone can calmly sit down together and have earnest discussions toward an outcome that is in beneficial to both sides.”Read more: ‘Trump’s worst hour’: President in trouble as close allies fall foul of law Despite the low level nature of the staff conducting the fresh round of talks and the dollar falling from 78p to 77p this week on the back of Trump’s criticism of the Federal Reserve, there is a sense of confidence, albeit subtle, in international markets around the fact that the superpowers are holding discussions.Analyst Lukman Otungua, from online trading broker Forex Time, said: “While the possibility of a breakthrough deal from the lower level trade talks remains very low, any signs of further negotiations in the future could support global sentiment.”But Joshua Mahony, market analyst at IG, said Trump has created a “volatile” trade environment, and his latest comments have “slapped down” market optimism.”With the chance of yet another disappointing and combative meeting between Chinese and US officials, the recent selloff in the dollar could be a good opportunity for traders to look for another return to strength for the dollar as they seek out havens in the event of a likely no deal,” he added.Chatham House fellow Marianne Schneider-Petsinger said that though holding discussions was positive, she “didn’t expect major development.” “Unless the President is involved directly, deals are unlikely” she said, pointing to the tariffs introduced after the May discussions. Schneider-Petsinger said that the given the US is “unclear of its priorities, China is unable to respond.” While President Donald Trump said earlier this week he did not “anticipate much” from the talks, adding that China had “become spoiled”, the Chinese foreign ministry said it hoped for a good outcome.Read more: Boeing braced for tariff rises as US-China trade war continuesHigher-level negotiations in June with the more significant US commerce secretary Wilbur Ross proved fruitless. The US currently has tariffs of 25 per cent on $34bn of Chinese goods, a rate that was mirrored by Chinese retaliatory measures.President Trump also announced earlier this month taxes on a further $16bn worth of goods, expected to be imposed from tomorrow, with China set to do the same.US demands have previously included protection of intellectual property and a reduction of the American trade deficit. Currently the US has an annual trade deficit of $200bn with China. Markets hold their breath as US and Chinese trade talks resume read more

Trump cancels new tariffs as China pledges to reduce trade gap

first_img whatsapp The news came at the end of this year’s G20 summit in Argentina, after President Trump sat down for a working dinner with President Xi Jinping of China and their trade delegations in Buenos Aires.In response to the freeze China has pledged to buy farm, energy and industrial goods, to reduce the country’s trade surplus with the US. The exact amount was “not yet agreed upon, but very substantial”, according to the White House.Further negotiations about the most contentious aspects of Chinese trade policy were also announced. These include compulsory technology transfers, intellectual property theft, and non-tariff barriers.If no agreement is reached within three months, the planned tariff increases will go ahead, the White House said. Wang Shouwen, China’s vice minister of commerce, said both sides will step up negotiations on eliminating the 10 percent tariff, according to Chinese state media outlet China Daily.President Trump heralded the meeting as “amazing and productive”, saying it brought about “unlimited possibilities for both the United States and China”. US president Donald Trump has scrapped plans to increase tariffs on Chinese goods, in an announcement that sees the year-long US-China trade war cool considerably.The White House announced it would hold fire on raising tariffs on $200bn (£156bn) worth of goods from China. They had been scheduled to increase to 25 per cent from 1 January of the new year, but will now remain at the current 10 per cent rate. The promise of a tough stance on China was central to Mr Trump’s election pitch. America’s trade deficit with China was $376bn in 2017, according to the US Census Bureau, which Trump argues hands too much power to China.His tariff campaign against the country began in January 2018, and saw a 25 per cent tariff on steel imports imposed in March.In a sign of what the trade thaw may mean for global market confidence, the American S&P 500 was up 4.14 per cent last week in anticipation of the meeting. However, the FTSE 100, whose listed companies are less exposed to the US and China, dropped 1 per cent on Friday.Michael Hewson, chief market analyst at CMC Markets UK, said it was “the best we could hope for”, and called it “the status quo maintained”. Referencing Mr Trump’s fiery rhetoric, he said, “it’s all about actions as opposed to words … as long as there’s no escalations, markets will generally look past the words”.The effect on global markets will become clear as they open tomorrow morning. Largely driven by concerns over heightening trade tensions, the S&P 500 is down almost six per cent from a record ever high in September. Share Trump cancels new tariffs as China pledges to reduce trade gap Harry Robertson whatsapp Sunday 2 December 2018 6:48 pm Tags: Company Donald Trump FTSE 100 G20 Peoplelast_img read more

Theresa May warns not to expect a quick Brexit breakthrough as she arrives in Brussels

first_img Theresa May warns not to expect a quick Brexit breakthrough as she arrives in Brussels The PM is set to address EU leaders this afternoon, where she will make a plea for more assurances that a UK-wide customs union would only ever be a temporary solution for post-Brexit trade.Speaking to reporters, May described Wednesday as a “difficult day”, adding: “I’m grateful for the significant support I had from colleagues. But I have also heard loud and clear the concerns of those who didn’t feel about to support me, and I know the concerns there are in the House of Commons about this issue of the backstop, that they do not want it to be permanent.”She added: “I don’t expect an immediate breakthrough but what I do hope is that we can start work as quickly as possible on the assurances that are necessary.”Other leaders arriving at the summit underlined the difficulty facing May, with many telling journalists that giving additional legal guarantees could not happen without reopening the withdrawal agreement – something they were not prepared to countenance.Dutch PM Mark Rutte argued the backstop was only needed because of the conditions set out by May in the Brexit negotiations. Owen Bennett whatsapp Theresa May played down the chances of a Brexit breakthrough as she arrived in Brussels for the latest EU summit.Speaking the day after surviving a vote of no confidence from disgruntled Tory MPs, the Prime Minister said she heard “loud and clear” why the 117 who voted against her are unhappy with her leadership. Thursday 13 December 2018 3:02 pm whatsappcenter_img Tags: Brexit People Theresa May Reacting to May’s comments in Brussels, Labour leader Jeremy Corbyn said: “It is clear there will be no changes to the deal the Prime Minister brought back last month. Theresa May herself says she isn’t expecting a breakthrough.“There must be no more dither and delay, or attempts to run down the clock in an attempt to deny parliament alternative options.” Share He said: “The deal is there because of the red lines the UK itself drew: no border in the Irish Sea, no membership of the customs union, no free movement of people.”So this is the only deal possible, the best deal for both the UK and the EU given those red lines.”The big issue is now the backstop. So we have to demystify that, get clarity on what it means, and why all of us don’t want it to be triggered.”Austrian Chancellor Sebastian Kurz repeated the EU line that the agreed deal would not be reopened, but added: “There is also some room to have a better interpretation of what we agreed on, but there will be no new deal about the withdrawal agreement.”May delayed on a Commons vote on her Brexit deal on Tuesday, but has vowed to bring it back to MPs before January 21.last_img read more

Sadiq Khan: ‘Right and sensible’ to put London in Tier 2 after lockdown

first_img“Without a substantially more generous package of financial aid from the government closing much of London’s hospitality sector through December and potentially well into the New Year would cause irreversible damage for many of our businesses and for the whole country’s economy.” Tags: Coronavirus Under the new system, restaurants and bars will be allowed to open in Tiers 1 and 2, but can only open for takeaway and delivery in Tier 3. whatsapp Khan today said that London’s leisure and hospitality sector had suffered an “extremely tough year”. Hospitality firms in the capital have warned that Tier 3 restrictions would be the “final nail in the coffin”, with one restaurateur telling City A.M. the strictest tier was nothing more than a “glorified lockdown”. The mayor said placing the capital back in Tier 2 would be the “right and sensible decision”, but added the final verdict would be made on Thursday based on the latest Covid-19 figures. The number of confirmed cases of the Indian variant has more than doubled this week. (Getty Images) James Warrington Share whatsapp “If they had to close throughout the Christmas period and beyond in Tier 3 it would be a hammer blow that many might not recover from,” he said. The number of confirmed cases of the Indian variant has more than doubled this week. (Getty Images) Also Read: Sadiq Khan: ‘Right and sensible’ to put London in Tier 2 after lockdown “London going into tier 2 next week would seem the right and sensible decision. The cases in London are lower than other parts of the country expected to enter Tier 2.”center_img Prime Minister Boris Johnson has confirmed that the lockdown will end next Wednesday and will be replaced by the three-tier system. The number of confirmed cases of the Indian variant has more than doubled this week. (Getty Images) Also Read: Sadiq Khan: ‘Right and sensible’ to put London in Tier 2 after lockdown The latest figures show London has recorded 187.4 coronavirus cases per 100,000 people over the last seven days. This is well below levels in Yorkshire and the north east, where there have been more than 330 cases. “Thanks to the monumental efforts and sacrifices of Londoners we have managed to keep the number of cases lower in our city than most other parts of the country since the summer,” he said. Tuesday 24 November 2020 5:34 pm Sadiq Khan: ‘Right and sensible’ to put London in Tier 2 after lockdown However, the rules in each of these three tiers have been tightened in a bid to stem the spread of the virus over the Christmas period. London is set to be placed under Tier 2 restrictions after the national lockdown ends next week, Sadiq Khan has said. Tier 2 restrictions will also require pubs and bars to serve “substantial meals”. Show Comments ▼ In a statement today Khan said he was lobbying the government for London to be placed in Tier 2 and had “raised this with ministers”.last_img read more

London’s Olympic Park is wrapping the world’s longest tunnel slide around its Orbit Tower

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsGameday NewsNASCAR Drivers Salaries Finally ReleasedGameday NewsSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunComedyAbandoned Submarines Floating Around the WorldComedyForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbeszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.com whatsapp Tuesday 28 July 2015 5:56 pm Tags: Olympics 2016 Show Comments ▼ London’s Olympic Park is wrapping the world’s longest tunnel slide around its Orbit Tower The Queen Elizabeth Olympic Park in North-East London has confirmed it is going ahead with plans to build the world’s tallest and longest tunnel slide.Almost 180m in length and extending 76m above ground, the giant helter-skelter will be wrapped around the ArcelorMittal Orbit Tower, which was designed by Turner-Prize winning artist Anish Kapoor in celebration of the 2012 Olympic and Paralympic Games.  It will circle around the tower five times before ending in a 50m straight run to the ground. It is due to be opened to the public next spring.  The sculpture was designed by Anish Kapoor and built by Cecil Balmond (Source: Queen Elizabeth Olympic Park) The tower is built from around 2,000 tonnes of steel and stands 114.5m above ground, making it the tallest sculpture in the world. By comparison, the Statue of Liberty is a meagre 93m high.  Londoners can already absail down the structure for a fee of £85, but the slide will make the descent a whole lot more exciting.  Peter Tudor, director of visitor services at the park, said:  What more exciting way to descend the ArcelorMittal Orbit than on the world’s longest and tallest tunnel slide. This slide really will give a different perspective of Britain’s tallest sculpture. Sarah Spickernell whatsapp Sharelast_img read more

Premium / Market Insight: What’s next for Damco?

first_img Email* Password* LOGIN Premium subscriber LOGIN Email* Reset Your Password Subscription required for Premium stories In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium Forgotten your password? Please click here Please Login Please either REGISTER or login below to continue << Go back New Premium subscriber REGISTER Ever since mid-December, when another not-so surprising layoff announcement concerning AP Møller-Mærsk (APMM) included the departure of  “Klaus, the former Damco head”, as one source highlighted then, a few other market veterans were only vaguely interested in sharing their views on the latest APMM affairs.With hindsight, that single resounding comment, might be a sign of more big bad things to come for APMM’s asset-light freight forwarding unit or, rather, for what’s left of it after over a year under another ... By Alessandro Pasetti 15/01/2020 Resetlast_img read more

Antibiotics could dramatically reduce STIs, study says, raising tough new questions

first_imgHealthAntibiotics could dramatically reduce STIs, study says, raising tough new questions Privacy Policy The organism treponema pallidum, which causes syphilis. AP Leave this field empty if you’re human: Rates of syphilis in particular have risen steadily in recent years; the rate in 2015-2016 — 8.7 cases per 100,000 people — was the highest since 1993, the Centers for Disease Control and Prevention reported. The rate of infection increased in every age group over the age of 15, in both men and women, and in all ethnic groups.Molina’s study was recently published by the journal Lancet Infectious Diseases. The Bill and Melinda Gates Foundation was one of its funders.The researchers randomly assigned 232 men to one of two groups. One of the groups was given antibiotics — the drug doxycycline — to take if they had unprotected sex. They were told to take two pills per encounter, and no more than six in a week, ideally within 24 hours and no later than 72 hours after the intercourse. In reality, the median use among the men was about 6.8 pills per month.The men were tested regularly for STIs, and in the nine or so months they were followed, the rates of some sexually transmitted infections fell dramatically in the treatment group. The overall reduction of all STIs was 47 percent, but that average was dragged down by the fact that doxycycline doesn’t cure gonorrhea.There was, however, a 70 percent reduction in chlamydia infections and cases of syphilis decreased by 73 percent. The authors noted, however, that the study length was short and they can’t tell if the strategy would work as well over the long term.The results can’t be taken in isolation, others experts warned. Using doxycycline this way could drive the bacteria that cause the infections to develop resistance to the drug, warned Dr. Brad Spellberg, an infectious diseases specialist and chief medical officer at the Los Angeles County-University of Southern California Medical Center in Los Angeles.Spellberg also said people who used the drug this way would be exposing the bacteria they have in their gastro-intestinal tracts — their own gut flora — to regular doses of doxycycline. And those bacteria too could develop resistance to the drug, leading to a host of other health problems.“You’re causing friendly fire injury,” he said.The full picture of the knock-on effects of exposing your gut flora to antibiotics is still coming into focus, said Ramanan Laxminarayan, director of the Center for Disease Dynamics, Economics, and Policy and a leading voice on the dangers of mounting antibiotic resistance. He noted a recent report in the journal Science revealed that some cancer immunotherapy drugs worked less well in people who had recently taken antibiotics. Exclusive analysis of biopharma, health policy, and the life sciences. Molina noted that antibiotic resistance to doxycycline has not been seen in chlamydia or syphilis, despite the fact that the drug has been used to treat these infections for decades. Still, he said the possibility it could arise cannot be discounted.A commentary published with the study argued that reducing infection rates in men who have sex with men and who are highly sexually active might lower STI infection rates more generally in a community.Authors Christopher Fairley and Eric Chow, of Australia’s Melbourne Sexual Health Center at Monash University, said pressure from patients to be given doxycycline on a preventative basis might be substantial, given that the drug is also prescribed in six-month courses to treat acne. Like Molina and his co-authors, they said STI preventive use at this point is premature.Laxminarayan did not dismiss the notion of this type of use out of hand, however. “I certainly think that for a small subset of the population, if this helps prevent syphilis, then it certainly is worth exploring further,” he said.But he said additional studies should be conducted first to try to get a better picture of the potential consequences of using doxycycline this way, including the risk of resistance developing, the potential that it might further erode condom use, and any other unintended consequences. Helen Branswell STAT+: Please enter a valid email address. Newsletters Sign up for Morning Rounds Your daily dose of news in health and medicine. Molina insisted he would never support long-term use of antibiotics to prevent STIs, but said that the approach might be an effective short-term strategy when paired with other control approaches, like more frequent STI testing among high-risk populations.“I don’t want this strategy to be used widely in any person, clearly,” Molina said. “But if you can select a group with a high incidence rate of syphilis or chlamydia, and you want to try to reduce the rate of syphilis quite quickly in this group of people, you may think that this strategy could be used for a couple of months.”advertisement The spread of some sexually transmitted infections could potentially be dramatically reduced by instructing people who have had unprotected sex to take antibiotics within 24 hours after the intercourse, a new study suggests.But such a strategy, which was tested in a population of men who had frequent unprotected sex with a number of male sex partners, could spark a controversy over the use of antibiotics and the general threat of growing antibiotic resistance.“My message with that study would be that we need to do more research to prevent STIs — because that’s a concern. And this strategy … could potentially be used,” said Dr. Jean-Michel Molina, head of infectious diseases at Saint-Louis Hospital in Paris and the lead author of the study.advertisement Senior Writer, Infectious Disease Helen covers issues broadly related to infectious diseases, including outbreaks, preparedness, research, and vaccine development. By Helen Branswell Dec. 18, 2017 Reprints Tags antibioticssexual health @HelenBranswell About the Author Reprintslast_img read more

Talking Sport Podcast: Laura Nerney, Stephen Attride and Longford beat Louth

first_img Pinterest Pinterest Talking Sport Podcast: Laura Nerney, Stephen Attride and Longford beat Louth WhatsApp News Twitter Facebook By LaoisToday Reporter – 3rd November 2020 Facebook Home Podcasts Sports Podcast Talking Sport Podcast: Laura Nerney, Stephen Attride and Longford beat Louth PodcastsSports Podcast Electric Picnic center_img Another bumper edition of the LaoisToday Talking Sport Podcast.We chat to Laois ladies football vice-captain Laura Nerney following their opening round championship win over Sligo and what it’s like to be working as a GP during the Coronavirus pandemic.As well as that we chat with Stephen Attride, the former Laois senior captain, who is now teaching in a private school in Sydney.He looks back on his athletics career, his Australian experience and why he hopes to get back playing with Laois in the next couple of years.Plus Steven and Alan chat about Longford’s win over Louth in the Leinster championship which mean Laois make the trip to Longford next Sunday.You can listen to this week’s Talking Sport episode on Apple Podcasts, Spotify or Podbean or below on Soundcloud.The LaoisToday Podcast · Talking Sport: Laura Nerney, Stephen Attride and Longford beat LouthSEE ALSO – Talking Sport Podcast: Gary Walsh on Laois’s great escape, hurlers fall short and Anna Healy looks forward to ladies championship Previous articleFundraiser launched to save Portarlington Christmas treeNext articlePortlaoise homeless charity launches Christmas appeal LaoisToday Reporter Electric Picnic WhatsApp Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival RELATED ARTICLESMORE FROM AUTHOR Twitter Electric Picnic organisers release statement following confirmation of new festival datelast_img read more

Not knowing securities law is not a defence: ASC panel

first_img In its decision, the panel says that a “false picture of the companies was presented to investors”, and that prospectus and other disclosure requirements were ignored. “Indeed, the securities laws of Alberta were ignored,” it notes. “Beyond that Zeiben, Grit and Texas Petroleum engaged in the deliberate creation of a public façade to the detriment of shareholders.” “The inevitable happened,” the panel found. “The façade attracted investors, pumped up the share price, increased share sales, and, when the façade came down, disappointed investors lost their investment.” The decision indicates that Zeiben represented himself before the commission. And, it says that his assertions that “he should not be found guilty because he did not know that he was violating any law and that he relied on others around him to tell him what the law was and what he needed to do to comply, is not accepted. Not knowing the law is not a defence when being charged with violation of it,” it says. “Everyone is taken to know the law.” This is particularly the case for those engaged in running a public company, it says. “It is incumbent upon individuals who undertake this type of activity to familiarize themselves with the law applicable to the activity,” it says. The ASC has not yet handed down sanctions in the case. It has set a hearing for May 20 to consider possible sanctions. Keywords EnforcementCompanies Alberta Securities Commission Mouth mechanic turned market manipulator Related news Facebook LinkedIn Twitter James Langton center_img Share this article and your comments with peers on social media BFI investors plead for firm’s sale PwC alleges deleted emails, unusual transactions in Bridging Finance case Ignorance of securities law is no excuse, an Alberta Securities Commission (ASC) panel has ruled. The ASC announced Wednesday that it has found that Alberta bookkeeper, Lawrence Zeiben, and his companies, Grit International Inc. and Texas Petroleum Inc., breached securities laws and acted contrary to the public interest by hyping the companies’ operations, earnings and revenue potential, and made misrepresentations to investors and perpetrated a fraud on them. An ASC panel also ruled that Grit illegally distributed its shares in Alberta. last_img read more

Ottawa’s fiscal outlook boosted by robust growth: report

first_imgJames Langton Facebook LinkedIn Twitter Economy lost 68,000 jobs in May Powered by stronger than expected economic growth, the federal government’s finances are in better shape than expected, says a report published Wednesday by TD Economics. However, the report calls on the government to remain prudent in anticipation of fiscal pressures to come. Ahead of the government’s fall fiscal update, the outlook for the government’s finances has “significantly improved” on the back of robust economic growth, the report says. Assuming no major changes to tax or spending policy, the report projects a deficit of $16.2 billion for fiscal 2017-2018. Stagflation is U.S. economists’ biggest fear, SIFMA says Related newscenter_img Share this article and your comments with peers on social media “This estimate, which includes a $3 billion ‘risk adjustment’, represents an improvement of more than $12 billion relative to the government’s budget 2017 outlook,” the report says. This revised fiscal forecast suggests that the government could devote between $23 billion and $39 billion to either new spending, or tax relief, and still meet its debt targets for 2017, according to the report. However, it suggests that the government should remain cautious to maintain fiscal flexibility, and to accommodate longer-term uncertainties. Looking ahead, the annual deficit will likely remain in the $15 billion to $16 billion range through fiscal 2021-2022, “as economic growth slows” and spending promised in last year’s budget rolls out, the report says. “The fall fiscal update or budget 2018 will provide an opportunity for the government to credibly recommit to a fiscal anchor, such as a reduction of the debt-to-GDP ratio over a five year horizon, consistent with our ‘business as usual’ fiscal forecast,” the report concludes. Keywords Economic forecasts,  Ottawa OECD raises outlook for Canadian economic growth this yearlast_img read more