Economy

Bolivian government rejects Morales ultimatum for cabinet reshuffle
Bolivian government rejects Morales ultimatum for cabinet reshuffle

Bolivia's government on Tuesday rejected an ultimatum by ex-president Evo Morales to replace its cabinet ministers or face the wrath of his followers, thousands of whom had joined him in a weeklong march to the capital. Bolivia's foreign ministry said in a statement Tuesday that Morales had threatened the country's "democratic order," and rejected his demands.

Defying experts, Trump vows tariff-driven US economic boom
Defying experts, Trump vows tariff-driven US economic boom

Donald Trump pledged Tuesday to deliver a historic windfall for the United States through a business-friendly economy that would reward companies manufacturing domestically -- but heavily penalize those selling Americans foreign-made goods.

No peak oil demand 'on the horizon', phaseout a 'fantasy': OPEC
No peak oil demand 'on the horizon', phaseout a 'fantasy': OPEC

OPEC said Tuesday that phasing out oil was a "fantasy", as the Saudi-led cartel forecast that demand would keep growing until at least 2050, a key year in the battle against climate change. "What the Outlook underscores is that the fantasy of phasing out oil and gas bears no relation to fact," Ghais said in the report's foreword.

US Fed dissenter warns inflation risks remain 'prominent'
US Fed dissenter warns inflation risks remain 'prominent'

The sole Federal Reserve official not to support last week's large interest rate cut said Tuesday that the risks of inflation reigniting remained "prominent." Speaking in the US state of Virginia on Tuesday, Bowman said "the upside risks to inflation remain prominent."