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Canada, US to start trade talks in May: Carney
Canada and the United States will start talks on a new trade deal in early May, Prime Minister Mark Carney said Friday, warning President Donald Trump's trade war was already hitting Canada's labor market.
UN shipping body approves global carbon pricing system
Member states of the International Maritime Organization have voted in favour of a global pricing system to help curb maritime carbon emissions, the UN shipping body announced Friday. A majority of members -- 63 states -- voted for the carbon pricing system, including the European Union, Brazil, China, India and Japan.
African Development Bank chief warns of tariff 'shock wave'
An onslaught of tariffs by the United States will send "shock waves" through African economies, the president of the African Development Bank said on Friday, warning of reduced trade and higher debt-servicing costs. A baseline 10-percent levy remains in place for all countries, along with higher tariffs on Chinese imports to the United States -- scrambling decades of global trade policy.
Jolted by Trump, EU woos new partners from Asia to Latin America
Shaken by Donald Trump's tariff blitz, the EU has embarked on a charm offensive to diversify its alliances in Asia and beyond, with summits lined up back-to-back and trade talks launched in all directions. This week alone, the EU agreed to launch talks for a free trade deal with the United Arab Emirates and confirmed a high-level summit in China in July, hot on the heels of a meeting in Japan.
US Fed officials see higher inflation ahead as consumer confidence plunges
Policymakers at the US Federal Reserve on Friday warned of higher inflation and slower growth ahead due to Donald Trump's tariff policy, which has sent shock waves through global markets.
Trump tariffs unnerve locals in Irish 'pharma' hub
Vast pharmaceutical factories pepper the green landscape in southern Ireland, but the wind turbines next to the plants outside Cork are in the eye of Donald Trump's global trade storm. "If tariffs were to become a permanent feature of global trade, and if there are changes, we'll see it further down the line with pipeline decisions about next investments," he said. pmu/jkb/jhb
US senators ask SEC for Trump insider trading probe
A group of US senators on Friday urged the government's markets corruption watchdog to investigate whether President Donald Trump or White House insiders broke securities laws ahead of his dramatic reversal on global tariffs.
UK parliament to be recalled Saturday to discuss British Steel's future
UK lawmakers will be recalled from their Easter break to discuss the future of British Steel in parliament on Saturday, the House of Commons said, with reports the struggling company could be nationalised. UK Business and Trade Secretary Jonathan Reynolds met with the CEOs of British Steel and owner Jingye this week to discuss the future of Scunthorpe.
JPMorgan Chase sees 'considerable turbulence' facing economy as profits rise
JPMorgan Chase CEO Jamie Dimon said Friday that US Treasury bonds remained a safe place in an unpredictable world as he warned of "considerable turbulence" facing the economy. US bond yields were up again early Friday, indicating weaker demand for US Treasuries, long considered a safe haven asset.
AFP
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