US to stop collecting emissions data from polluters
The United States moved on Friday to dismantle a “burdensome” federal program that tracks greenhouse gas emissions across the US economy, the latest step by President Donald Trump’s administration to undercut efforts against climate change. The Greenhouse Gas Reporting Program (GHGRP), launched in 2010, covers more than 8,000 facilities — including power plants, fuel suppliers, […]
Asian markets fluctuate ahead of expected US rate cut
Asian markets were mixed Monday as traders geared up for an expected interest rate cut by the Federal Reserve this week. Equities have enjoyed a strong run-up over recent weeks as a string of data on jobs and inflation provided the US central bank with enough leeway to resume its rate reductions. Wednesday’s policy decision […]
US ‘very close’ to TikTok deal with China: US Treasury chief
The United States is “very close” to a deal with China to settle their dispute over TikTok, US Treasury Secretary Scott Bessent said Monday as the two sides resumed trade talks in Madrid. Bessent and Chinese Vice Premier He Lifeng opened the latest round of discussions in Madrid on Sunday, seeking to narrow differences on […]
Trump’s pick for US Fed governor vows to uphold independence
Donald Trump’s pick to join the Federal Reserve’s board of governors pledged Thursday to uphold US central bank independence if confirmed, as the institution faces growing political pressure from the president to slash interest rates. “The Federal Open Market Committee is an independent group with a monumental task, and I intend to preserve that independence,” […]
Credit card fraud makes up over one-third of U.S. identity theft cases
Credit card fraud accounts for 36% of all identity theft reports in the U.S., with 420,498 total cases, a rate of 124 incidents per 100,000 residents. This forms part of a new study that reveals that credit card fraud is by far the most common type of identity theft in America. The analysis derives from GBG. The […]
US retail sales rise amid limited consumer tariff hit so far
US retail sales rose moderately in July, according to data released Friday, as markets monitor tariffs that do not so far appear to have significantly battered consumers. Overall sales climbed 0.5 percent to $726.3 billion from June, in line with expectations. Gains in motor vehicles and parts and furniture offset declines in electronics and building […]
Impact of US tariffs varies across European Union
US President Donald Trump announced on Sunday that the United States was imposing 15-percent tariffs on all European Union countries. These countries are not all equally exposed to the US market and so will not suffer the same consequences when the duties kick in on August 1. In terms of value, Germany is by far […]
Coca-Cola will launch version with U.S. cane sugar after Trump push
The Coca-Cola Co. said Tuesday that it will launch a version of its signature drink made with American cane sugar. The announcement comes days after President Donald Trump posted on Truth Social that he had “been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so.” […]
Starbucks receives bids for stake in China business: US media
Starbucks has received around 30 offers from investment firms seeking a stake in the company’s China business, US media reported Wednesday. The coffee chain’s China business, its second biggest after its US operation, drew non-binding offers from a mix of Chinese and foreign private equity firms valuing the enterprise at between $5 and $10 billion, […]
Top TikToker Khaby Lame detained by US immigration
US immigration agents detained and later allowed the “voluntary departure” of the world’s most-followed TikToker, Khaby Lame, after he “overstayed” his visa, authorities said Saturday. “US Immigration and Customs Enforcement detained Seringe Khabane Lame, 25, a citizen of Italy, June 6, at the Harry Reid International Airport, Las Vegas, Nevada for immigration violations,” the agency […]
