The Conservative Party must unite under its next leader — whoever that may be — in order to avoid the “threat” of a “hard-left” government led by the Labour party, the U.K.’s international trade minister told CNBC Thursday. “We’ll have to come together (as a party) because the real threat to the United Kingdom’s security […] Read more
Xi Jinping will be visiting Japan for the first visit since becoming China’s president, when he heads to Osaka this weekend to attend the Group of 20 summit. While Xi got off to a strained start with Japanese Prime Minister Shinzo Abe, the two have made significant progress in turning around their countries’ tense bilateral […] Read more
As tensions between the U.S. and Iran escalate, President Donald Trump approved military strikes on several Iranian targets — but abruptly pulled back from launching them on Thursday night, The New York Times reported. The Times report, published late Thursday, cited multiple senior administration officials involved in or briefed on the deliberations of the strikes. […] Read more
When Federal Reserve officials meet this week, they are expected to clear the way for a July interest rate cut by downgrading their economic forecast, tweaking the language in their statement and reducing their interest rate forecasts. The Fed is expected to remove the word “patient” from its statement, signaling that it is ready to […] Read more
President Donald Trump appears to downplay expectations about a possible meeting with Xi Jinping at the G-20 summit later this month, saying “it doesn’t matter” if the Chinese president shows up or not. “If he shows up, good, if he doesn’t – in the meantime, we’re taking in billions of dollars a month [in tariffs] […] Read more
French Finance and Economy Minister Bruno Le Maire has said the country has a strategy to reinforce a fragile alliance between Renault and Nissan. “What is at the heart of this strategy is the reinforcement of the alliance between Renault and Nissan” Le Maire told CNBC on Sunday. “Then we will see if consolidation is […] Read more
“We advise the U.S. side not to underestimate the Chinese side’s ability to safeguard its development rights and interests. Don’t say we didn’t warn you!” the People’s Daily said in a commentary titled “United States, don’t underestimate China’s ability to strike back.” The phrase “Don’t say we didn’t warn you” has been used by the […] Read more
British Prime Minister Theresa May is once more fighting for her political survival, after the resignation of one of her most senior cabinet ministers in protest against her Brexit strategy. The leader of the House of Commons Andrea Leadsom quit over May’s suggestion that MPs should have a vote on whether to hold a second […] Read more
Switzerland — one of the most heavily armed countries in Europe — voted to comply with stricter European Union gun laws in a referendum Sunday. While Switzerland doesn’t belong to the EU, it is part of the bloc’s Schengen Area which is a zone that can be visited without a visa or passport by citizens […] Read more
Angela Merkel vows to create a plan to make Germany CO2 neutral by 2050 write Reuters. Addressing a session of the Petersburg Climate Dialogue in Berlin on Tuesday Merkel proposed “that we have a discussion in the climate cabinet about how we could reach the goal of being CO2 neutral by 2050”. The German Chancellor […] Read more
