Tariffs may live on as Trump’s best bet to enforce a China deal

Washington, D.C.: American tariffs are what got China to the negotiating table in the first place, the Trump administration argues. Those same tariffs may be needed even after a trade deal is reached — to ensure that China sticks to it. That’s the view of several former US officials who’ve dealt with Beijing in the […]

Malaysia still in talks with China over $20b rail project

Kuala Lumpur: Talks for a $20 billion (Dh73.4 billion) Malaysian rail project are still ongoing, with the Southeast Asian nation expecting to make a decision ‘as soon as possible,’ the Star newspaper reported, citing Prime Minister Mahathir Mohammad. Mahathir said the status of the East Coast Railway Link is being negotiated with China, and that […]

’Good vibe’ US-China trade talks followed by soybean purchases

Washington, D.C.: The US-China trade talks this week had a “good vibe” with much work remaining, White House economic adviser Larry Kudlow said on Friday as China followed through on a pledge to increase soybean purchases with orders of at least 1 million tonnes. But US President Donald Trump’s optimism about prospects for a deal […]

Goldman Sachs may yank top executives’ bonuses over 1MDB scandal

Washington, D.C.: Investment bank Goldman Sachs said on Friday it could withhold multi-million-dollar bonuses for former CEO Lloyd Blankfein and other executives as a result of the 1MDB corruption scandal. In a statement filed on Friday with securities regulators, the company said stock awards for senior executives could be cut depending on how pending investigations […]

YouTube deletes Middle East adverts from controversial social network

Dubai: YouTube has removed a number of adverts from its platform in the Middle East, including one that showed a young woman dancing on camera in a provocative manner. The advert, which promoted LiveMe, a Hong Kong-based social network app, that encouraged users to sign up to the platform, was running before popular content in […]

What CEOs are saying about possibility of US recession

Washington, D.C.: Softening but still solid US demand as well as encroaching signs of global weakness are giving some corporate executives a more cautious view of their companies’ outlook. While business leaders don’t forecast a downturn, several saw the potential for recession and slowing growth on conference calls during the past week, from automakers to […]