On eve of China import fair, EU warns of ‘promise fatigue’
The European Union said that China should make rapid and substantial improvements to the business environment or risk “promise fatigue.”
Britain orders immediate moratorium on fracking due to earth tremor concerns
Britain will impose an immediate moratorium on fracking, the government announced on Saturday, saying the industry risked causing too much disruption to local communities through earth tremors.
President Xi goes to Iowa? Trump floats farm state to seal trade deal
U.S. President Donald Trump on Friday suggested he could sign a long-awaited trade agreement with China in the farm state of Iowa, which has been hard hit by tariffs in a nearly 16-month trade war between the world’s largest economies.
US-China trade accord will require three phases: White House adviser
The United States and China are on a good path to complete the first part of a trade agreement, but two additional phases will be needed to address all of China’s “structural deadly sins,” White House trade adviser Peter Navarro said on Friday.
California Governor to convene meet of PG&E shareholders, executives next week
California Governor Gavin Newsom said he will convene a meeting of Pacific Gas and Electric Co executives, shareholders, wildfire victims, and PG&E’s other creditors in Sacramento next week to speed up the resolution of the bankruptcy case that creates a new entity.
Trump says trade deal with China coming along well
President Donald Trump said on Friday that talks on a trade agreement with China were coming along well, echoing comments by U.S. and Chinese officials of progress on an initial deal.
Saudi Crown Prince approves kick-off of Aramco IPO on Sunday: sources
Saudi Arabia’s Crown Prince Mohammed bin Salman on Friday agreed that the initial public offering of state oil giant Aramco will be announced on Sunday, five sources familiar with the matter told Reuters.
UAW union leaders recommend approval of Ford labor deal
United Auto Workers leaders from Ford Motor Co’s U.S. plants on Friday recommended approval of a tentative labor agreement that would allow the No. 2 U.S. automaker to avoid a strike like the one that cost its larger rival General Motors Co about $3 bi…
Global shares, crude prices rise on U.S., China data
World equity markets surged and crude oil prices jumped on Friday after a stronger-than-expected U.S. employment report, a surprise bounce in Chinese manufacturing and optimism over U.S.-China trade talks tamped down fears of slowing global growth.
Judge dismisses Uber lawsuit opposing New York City vehicle license caps
A Manhattan judge has dismissed Uber Technologies Inc’s lawsuit challenging a New York City law limiting the number of licenses for ride-hailing services, the first such cap by a major American city.
