UK won’t pay 39 bln stg under no-deal Brexit -Sky News

Aug 25 (Reuters) – British Prime Minister Boris Johnson is expected to tell European Council head Donald Tusk that the UK will only pay 9 billion pounds ($11 billion) instead of the 39 billion pound liability agreed by former Prime Minister Theresa May under a no-deal Brexit, Sky News reported early on Sunday. Johnson and […]

Trump: G7 summit going ‘very well’ despite trade tensions

Associated Press
BIARRITZ, France (AP) – President Donald Trump disputed reports Sunday that he faces a tense reception from world leaders at the Group of Seven summit in France, as they meet amid mounting anxiety of a global economic slowdown. Trump is trying to use the summit to rally global leaders to do more to stimulate […]

Fed will act ‘as appropriate’ to sustain US expansion: Powell

WASHINGTON Federal Reserve Chair Jerome Powell stressed Friday that the central bank will act to ensure the US economic expansion continues, even in the face of “significant risks” posed by slowing global growth. But as Beijing stepped up retaliation in the US-China trade war, Powell warned that trade tensions are exacerbating the global slowdown and […]

DIFC Courts sees increase in cases from SMEs

Dubai. The Dubai International Financial Centre (DIFC) Courts saw 463 cases in the first half of 2019, up 25 per cent year-on-year, with the number of cases from Small and Medium Enterprises (SMEs) specifically, rising. The main Court of First Instance saw cases worth a total of Dh2 billion. The first half of the year […]

Trump says Putin could be invited to G-7

(Bloomberg) – President Donald Trump says it’s “certainly possible” he’ll invite Vladimir Putin as a guest to next year’s Group of Seven summit in the U.S., setting up a flashpoint with fellow nations who ejected the Russian leader over annexation of Crimea. Trump spoke in Biarritz, France, on Sunday as the day’s session of the […]

China to fight back against U.S. tariff move – People’s Daily

BEIJING, Aug 25 (Reuters) – China will fight back against the latest U.S. step to increase tariffs on Chinese goods, the ruling Communist Party’s People’s Daily said on Sunday amid an escalating trade war between the world’s two largest economies. “China is confident that it will follow its own path and do its own things […]