IMF cuts global economy outlook to 3%
The IMF cut its global economic forecast for this year to 3% but in 2020 this will rise to 3.4%. Hanna Ziady had the news for CNN: Next year’s recovery in the global economy will be slightly weaker than expected, and US growth will continue to slow, the International Monetary Fund said Tuesday. The IMF […]
Trump slaps tariffs on European alcohol, cheese, and aircraft
The Trump administration has received the green light from the WTO to impose tariffs on EU products in response to illegal EU subsidies for Airbus. Paul Wiseman and Jamey Keaten had the news for the AP: The Trump administration plans to impose tariffs on $7.5 billion worth of European imports _ from gouda cheese to […]
House begins impeachment inquiry into President Trump
The House of Representatives has begun official impeachment inquiry into President Donald Trump. Patricia Zengerle reported the news for Reuters: Democrats in the U.S. House of Representatives plunge into a formal impeachment inquiry into President Donald Trump on Wednesday, a move that could dramatically change the 2020 presidential race. House Speaker Nancy Pelosi, who had […]
Google wins personal data case in EU
Google won a landmark “right to be forgotten” case against France, which had demanded tougher personal data rules for the company. Foo Yun Chee had the news for Reuters: Google (GOOGL.O) won its fight against tougher “right to be forgotten” rules after Europe’s top court said on Tuesday it does not have to remove links […]
Fed may announce second rate cut today
The Federal Reserve is widely expected to announce a second interest rate cut today to support the U.S. economy amid slowdown concerns. Martin Crutsinger had the news for the AP: The Federal Reserve looks poised to cut interest rates for a second time Wednesday to help extend the economic expansion in the face of global […]
ECB restarts bond-buying program
The European Central Bank yesterday restarted its quantitative easing program to prop up a still ailing eurozone economy. Julia Horowitz had the news for CNN: The European Central Bank is turning on the stimulus taps again, pushing interest rates further into negative territory in order to support the region’s flagging economy. The central bank said […]
FDA to ban vaping liquid flavors
The FDA will ban flavored vaping liquids in response to a string of fatalities linked to the practice. Richard Harris had the news for NPR: President Trump announced Wednesday that the administration will move to force e-cigarette companies to take flavored vaping products off the market, as young people’s use of them continues to rise […]
Pentagon diverts construction money for border wall
The Pentagon has approved diverting $3.6 billion from its military construction funds to the building of the notorious border wall between the United States and Mexico. Zachary Cohen and Ryan Browne had the news for CNN: Secretary of Defense Mark Esper has authorized the diverting of $3.6 billion in military construction funds for 11 wall […]
EPA scraps methane emission limits
The Environmental Protection Agency has rolled back limits on methane emissions from the oil and gas industry introduced during the Obama era. Timothy Gardner had the news for Reuters: The Trump administration on Thursday proposed rescinding Obama-era limits on oil and gas industry emissions of methane, one of the main pollutants scientists link to climate […]
U.S. budget deficit to top $1 trillion next year
The U.S. budget deficit could exceed $1 trillion over the next financial year, according to the Congressional Budget Office. Kevin Freking had the news for the AP: The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget […]
