APEC leaders wrap up summit after Trump and Xi reach truce in trade war | Business and Economy News

APEC leaders wrap up summit after Trump and Xi reach truce in trade war | Business and Economy News

Gyeongju, South Korea – Asian and Pacific Rim leaders have pledged their support for trade and investment that “benefits all”, concluding a summit dominated by an agreement between the leaders of the United States and China to call a truce in their trade war. The declaration by the Asia-Pacific Economic Cooperation (APEC) leaders on Saturday…

Read More
Low-income families face a financial cliff as government shutdown threatens 4 federal aid programs

Low-income families face a financial cliff as government shutdown threatens 4 federal aid programs

Millions of Americans are sliding toward a financial cliff as the government shutdown stretches into a second month, with four federal assistance programs for low-income families set to run out of funding on Nov. 1. Some families could lose access to multiple sources of government support. Ashley Trent, a 37-year-old single mother of six, expressed concern she…

Read More
Canada’s Carney and China’s Xi Jinping take step towards mending ties | Trade War News

Canada’s Carney and China’s Xi Jinping take step towards mending ties | Trade War News

Relations nosedived in 2018 after Canada arrested a senior Huawei executive and have remained rocky ever since. The leaders of China and Canada have taken a step towards mending the long-fractured ties between their countries with a meeting in South Korea during the Asia-Pacific Economic Summit. Chinese President Xi Jinping and Canadian Prime Minister Mark…

Read More
G7 nations unite to launch critical minerals production alliance to reduce Western reliance on China for technology

G7 nations unite to launch critical minerals production alliance to reduce Western reliance on China for technology

The group’s new measures include long-term supply contracts and price stabilization to mitigate risks  The Group of Seven (G7) nations have announced plans to launch a new Critical Minerals Production Alliance aimed at countering China’s overwhelming dominance in the global supply chain for critical minerals, which are essential for advanced technologies, clean energy, and national…

Read More
Trump administration sets rules to bar groups it opposes from loan relief | Education News

Trump administration sets rules to bar groups it opposes from loan relief | Education News

Advocates say new rules let Education Department to politically punish groups working on immigration, transgender care. The United States Department of Education has finalised new rules that could bar nonprofits deemed to have undertaken work with a “substantial illegal purpose” from a special student loan forgiveness programme. Those rules, finalised on Thursday, appear to single…

Read More
Stock market today: Live updates

investors weigh Fed’s latest rate cut

U.S. Treasury yields inched higher on Thursday as investors digested the Federal Reserve’s latest interest rate cuts and uncertainty regarding future monetary policy. At 6:22 a.m. ET, the benchmark 10-year Treasury yield was up less than 1 basis point to 4.066%. The 2-year Treasury note yield was also up less than a basis point to 3.59%. Meanwhile, the 30-year bond yield added…

Read More