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Vindication? In the span of 24 hours, the “buy America” trade is back on and the odds of a U.S. recession have dipped. And pressure on the Fed to cut interest rates has abated despite the uncertainty surrounding Tuesday’s Consumer Price Index report. That has made Jay Powell one of …
There’s a tale told about a miner who found copper cans in his garbage dump in the early days of mining. Wastewater from copper mining had flowed through his land, he said, and turned steel cans into copper. The story might be apocryphal, but the process is real, and it’s …
Two Chinas inhabit the American imagination: One is a technology and manufacturing superpower poised to lead the world. The other is an economy that’s on the verge of collapse. Each reflect a real aspect of China. One China — let’s call it hopeful China — is defined by companies like …
Theo Leggett International business correspondent BBC Listen to Theo read this article “What you have there is about £250,000 worth of gold,” Emma Siebenborn says as she shows me a faded plastic tub filled with old, shabby jewellery – rings, charm bracelets, necklaces and orphaned earrings. Emma is the strategies …
House Republicans on Monday outlined their plans for an expansive tax bill that would temporarily enact President Trump’s campaign pledges not to tax tips or overtime pay, roll back subsidies for clean energy and create a new type of tax-advantaged investment account for children. The bill, which the Ways and …
Mike Wendling and Laura Blasey BBC News Watch: Trump to “equalise” drug prices between the US and other countries US President Donald Trump has signed an executive order that aims to reduce high prescription drug prices – but its details and long-term effects are far from clear. Citing figures that …
President Trump’s decision to impose, and then walk back, triple-digit tariffs on Chinese products over the past month demonstrated the power and global reach of U.S. trade policy. But it was also another illustration of the limitations of Mr. Trump’s aggressive approach. The tariffs on Chinese goods, which the United …
In the four years since its first flight, Avelo Airlines has gained loyal customers by serving smaller cities like New Haven, Conn., and Burbank, Calif. Now, it has a new, very different line of business. It is running deportation flights for the Trump administration. Despite weeks of protests from customers …
A 90-day pause Stocks, the dollar and oil are soaring on Monday after President Trump’s top negotiators outlined the specifics of a major — though temporary — de-escalation in the U.S.-China trade fight. Expectations were sky-high for some kind of breakthrough. The market reaction suggests mission accomplished in terms of …
On a wet Wednesday morning in April, Ashley Holroyd had a steady but slow stream of customers into his coffee shop in Barrow-in-Furness, an industrial town in northwest England. The cafe, Coffee D’Ash, had been open for only about six months, and it barely filled the cavernous space. Despite the …