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Latest News
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China's rich are finding it harder than ever to hide from the taxman
At home and abroad, wealthy Chinese are facing myriad new tax rules as Beijing ratchets up the pressure on tax dodgers.
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8:10Three Tories walk out as May seeks 11th hour Brexit deal
Prime Minister Theresa May is heading back to Brussels in a last-ditch attempt to save her Brexit deal, while at home three Conservatives are said to be poised to quit to join a new party.
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2:24U.S. said to press China for stable yuan as trade talks progress
The U.S. is asking China to keep the value of the yuan stable as part of trade negotiations between the world’s two largest economies, a move aimed at neutralizing any effort by Beijing to devalue its currency to counter American tariffs, people familiar with the ongoing talks said.
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Twitter unveils new political ads policies ahead of EU vote
Twitter Inc. plans to introduce extra checks and publish more information around political ads in Europe, stepping up efforts to combat disinformation online amid worries Russia or other actors could try to meddle with European Union elections in May.
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Honda shutting U.K. plant in latest blow to British autos
Honda Motor Co. is planning to close its factory in the U.K., dealing a new blow to a British auto industry already struggling with a Brexit-related slowdown and potential tariffs, Sky News reported, citing an unnamed source close to the company.
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Seven U.K. Labour MPs quit party in split with leadership on Brexit
At a snap press conference in London, the members of Parliament stood up to explain why they had resigned in protest at Jeremy Corbyn’s leadership of the party.
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Reykjavik swamped by empty luxury flats as Iceland's economy cools
The spacious entrance to Hildigunnur Haraldsdottir’s building in downtown Reykjavik is paved with marble from Prague and decorated with stained glass artwork by a famous local artist. The architect’s apartment on the 5th floor is fitted with floor heating, AEG appliances and balconies with stunning views of the city’s harbor and historic center.
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Trump says he'll declare border emergency to free up wall money
President Donald Trump said Friday he’ll declare a national emergency on the U.S. southern border in a bid to unlock money to build his proposed wall.
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6:59Mnuchin calls U.S.-China talks 'productive' as deadline nears
Treasury Secretary Steven Mnuchin sounded a positive note on Friday as U.S.-China trade talks drew to a close in Beijing, as both sides tried to reach a deal that would avert a tariff increase on Chinese goods by March 1.
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7:25U.K. Parliament throws out May's plan to renegotiate Brexit
Theresa May suffered another embarrassing defeat for her Brexit strategy after the British Parliament voted against her mission to re-write the divorce deal.
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3:25U.S.-China trade teams said to be far apart on reform demands
The U.S. and China have made little progress so far during trade talks in Beijing, leaving much work to be done before President Donald Trump and his counterpart Xi Jinping look to seal a deal at a yet-to-be scheduled summit, according to people familiar with discussions.
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FBI's Andrew McCabe opened Russia probe on concern case might 'vanish'
Former Acting FBI Director Andrew McCabe started the obstruction of justice and counterintelligence investigations involving President Donald Trump and his ties to Russia because he wanted to ensure the probe was on “solid ground” in case he was fired.
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Coke drops as slower growth raises pressure on CEO
Coca-Cola Co. sold fewer drinks in the Americas in the fourth quarter despite a boost from zero-calorie offerings as rival PepsiCo Inc. ramps up marketing spending. Shares slipped in early trading.
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Germany barely skirts recession in muted quarter for euro area
Germany’s economy stagnated at the end of 2018, trailing most of its peers in the euro area, and continued trade tensions mean any pickup in Europe’s powerhouse economy could be muted.
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Ford says 7,000 U.K. factory jobs at risk in no-deal Brexit
Ford Motor Co. warned of dire consequences for U.K. factories employing more than 7,000 people if British politicians fail to agree on a plan to avert a no-deal split from the European Union.
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6:10China's Huawei soft power push raises hard questions
As a nasty diplomatic feud deepens between the two countries over the tech company, involving arrests and execution orders, it hasn't gone unnoticed that Huawei's bright red fan-shaped logo is plastered prominently on the set of "Hockey Night in Canada." TV hosts regularly remind the 1.8 million weekly viewers that program segments are "presented by Huawei smartphones."
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4:42Trump says he is unhappy with shutdown deal but will consider it
President Donald Trump said he isn’t happy with the deal on border-security funding Republican and Democratic negotiators worked out to avert another government shutdown, but he said he would hold a meeting later today to consider the compromise.
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Carney says Brexit could provide acid test for global economy
Brexit could be an “acid test” for how the world economy might fare under the new rules of trade, according to Bank of England Governor Mark Carney.
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7:25May says more time needed to negotiate with EU
Theresa May will ask the House of Commons to give her more time to renegotiate her Brexit deal with the European Union, as Bank of England Governor Mark Carney speaks on the risks to the economic outlook.
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6:23British and U.S. banks said to be deeply divided on Brexit ties
With just seven weeks to go before Brexit, it’s not just U.K. politicians who are bitterly divided over the country’s withdrawal from the European Union -- large banks are also at loggerheads.
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3:07Trump sees no Xi summit by tariff date, stocking trade worries
President Donald Trump said he won’t meet Chinese President Xi Jinping before a March 1 deadline to avert new U.S. tariffs on Chinese goods.
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BOE cuts forecasts, says Brexit damage to economy has risen
The Bank of England warned that damage to the economy from Brexit has increased as it cut its growth forecast and predicted a dramatic slump in investment.
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5:48May said to request time limit on Irish backstop
Theresa May is in Brussels for Brexit talks, and while the government isn’t expecting an imminent breakthrough, it’s sticking to plans to let members of Parliament vote on plan B alternatives next week.
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Trump nominates global-order critic Malpass to lead World Bank
President Donald Trump nominated senior Treasury official David Malpass to lead the World Bank, choosing a loyalist who has been sharply critical of China and has called for a shakeup of the global economic order.
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6:37Next U.K. Brexit vote could be delayed: Official
The U.K. Parliament’s next opportunity to vote on Brexit, which had been expected for Feb. 14, could be delayed, a U.K. official said, speaking on condition of anonymity.
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‘Special place in hell’ for Brexiteers without plan, Tusk says
European Union President Donald Tusk took a swipe at U.K. politicians who campaigned for Brexit without an idea of how to make it happen "safely."
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5:27UBS tries to move operations out of U.K. on real Brexit risk
A UBS Group AG unit asked a London judge for permission to transfer parts of its business out of the U.K. on March 1, saying it’s being forced into the move because Brexit poses a “real and immediate risk” that it may lose the right to conduct some operations in the European Union.
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6:33May to meet EU's Juncker in Brussels on Thursday
May will meet European Commission President Jean-Claude Juncker, his spokesman told reporters. “The prime minister will come along to spell out her ideas to us about what comes next,” he said.
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4:44Trudeau backs Guaido and pledges aid for Venezuelan transition
Justin Trudeau voiced Canada’s full support for a democratic transition of power in Venezuela, including a modest pledge of humanitarian aid for the country and those who’ve fled economic crisis under the regime of Nicolas Maduro.
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5:25Maduro regime halts plan to ship 20 tons of gold out of Caracas
The embattled Nicolas Maduro regime halted plans to ship 20 tons of Venezuelan gold overseas, caving to growing international pressure to keep the country’s dwindling hard assets in safe hands, according to a person with direct knowledge of the matter.
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6:08One-third of business leaders thinking of leaving U.K. as Brexit looms: Survey
A survey of some 1,200 British company directors suggests nearly a third may shift operations abroad because of Britain's pending departure from the European Union.
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Italy falls into recession as output shrinks
Italy fell into recession at the end of 2018, capping a year of political turmoil, higher borrowing costs and fiscal tensions that took their toll on the economy.
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China factory slowdown eases for now as U.S. trade talks resume
The first official gauge of China’s economy in 2019 showed a slowdown in the manufacturing sector eased off a little in January, though uncertainty over the future of trade with the U.S. remains a headwind.
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7:39The Brexit bill: Here’s the damage so far
The divorce from the EU might be delayed, softened or even abandoned, but the cost of separation is already apparent.
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There’s only one candidate for Europe’s most important job opening
The race to succeed European Central Bank Chief Economist Peter Praet is entering the home stretch with only one known contender, at least for now.
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3:23Venezuela has 20 tons of gold ready to ship. Address unknown
Venezuelan lawmaker Jose Guerra dropped a bombshell on Twitter Tuesday: The Russian Boeing 777 that had landed in Caracas the day before was there to spirit away 20 tons of gold from the vaults of the country’s central bank.
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3:51Venezuela's Maduro blacks out social media in bid to bury Guaido
President Nicolas Maduro is trying to drown out the forces seeking to topple his authoritarian regime in Venezuela with rolling internet blackouts and gag orders.
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4:34U.K. Parliament rips up Brexit deal, sends May back to talks
Theresa May called on Parliament to send a unified message to Brussels to rip open the Brexit agreement or watch chaos unfold as the U.K. splits away from the bloc without a deal.
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6:43U.S. message to world with Huawei case: Don't trust China on 5G
The U.S. indictments handed down Monday against Huawei Technologies sent a clear message to world leaders weighing whether to use Huawei equipment for next-generation wireless networks connecting everything from phones to cars to supertankers.
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6:42May faces losing control over Brexit despite gamble on backstop
Theresa May faces losing control of Brexit to Parliament on Tuesday in a series of crucial votes that will shape Britain’s split from the European Union.