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Stories tagged: trade


German labor market strong with unemployment at 6.1 percent

The number of Germans without jobs dropped slightly in August in seasonally adjusted terms, leaving the unemployment rate in Europe’s largest economy unchanged at 6.1 percent.


Eurozone inflation remains low in wake of energy price slump

Consumer price inflation in the eurozone remained at a low annual rate of 0.2 percent in August mainly due to a slump in energy costs from last year.


EU orders Apple to pay up to $14.5 billion in back taxes

Apple has to pay up to $14.5 billion – plus billions more in interest – in back taxes to Ireland after the European Union found Tuesday that the U.S. technology …


US economy grew at tepid 1.1 percent pace in spring

The U.S. economy expanded at a sluggish 1.1 percent pace this spring as businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment. Yet most …


Case for interest rate hike ‘has strengthened in recent months,’ Fed chair says

Federal Reserve Chair Janet Yellen signaled Friday that an increase in a key interest rate was on the table at the central bank’s next meeting in September but that a …


Orders for U.S. durable goods rebounded in July

Orders to U.S. factories for big-ticket manufactured goods surged in July, lifted in part by the biggest increase in orders in a key investment category since January.


Sarkozy to run for French presidency next year

France’s former conservative president Nicolas Sarkozy announced Monday he is running for the presidency again in next year’s elections, an awaited move that is expected to lead to a tough …


Globalization not source of most problems

If there were no foreign trade in steel, most of those jobs would have vanished anyway.


OfferUp may be Puget Sound region’s only tech legend

OfferUp may soon become the Puget Sound region’s only tech unicorn, throwing Bellevue into the mix of places to look for the controversial and endangered species. The Bellevue buy-sell startup, …


Sue Lani Madsen: Brazilian beef decision highlights power struggles behind trade pacts

The decision by the United States to allow fresh beef imports from Brazil threatens the cattle industry in this country.


Obama presses ahead on TPP, brushing off Clinton’s critique

President Barack Obama brushed off opposition from Hillary Clinton and Donald Trump to a free-trade agreement with Asia on Tuesday, vowing to try to force the Trans-Pacific Partnership through Congress …


Sam Reed: Trade and immigration bashing hurts state

Washington state has built one of the top trade hubs in the world with 75 public deep-water ports, 139 airports, more than 7,000 miles of highways and 3,600 miles of …


U.S.-banned genetically modified wheat found in Washington

Federal authorities say genetically modified wheat that’s banned for sale or production in the United States has been found growing in a field in Washington state.


U.S. economy grew at weak 1.2 percent annual rate in second quarter

The weak start to 2016 continued through the spring, with the U.S. economy growing at a surprisingly weak 1.2 percent annual rate in the second quarter, the Commerce Department said …


SABMiller to recommend AB Inbev deal despite value shift

The board of brewer SABMiller says it intends to “recommend” that shareholders accept Anheuser-Busch InBev’s revised takeover offer, clearing the way for a shareholder vote on the mega-deal.


Eurozone growth halves in Q2 but inflation inches up in July

Official figures show that economic growth across the 19-country eurozone halved in the second quarter of the year, a development that’s probably more likely due to the fading boost from …


Robert Samuelson: Don’t expect truth-telling in Cleveland

The pledge to make America great again” is not an economic project. It’s an exercise in mass psychology.


Brexit minister: Some EU migrants may have to leave UK

Some European Union citizens may not be allowed to stay in Britain after the U.K. leaves the bloc, the U.K. minister in charge of negotiating the divorce has said.


Senate Democrats call for extending Iran sanctions law

A group of Senate Democrats is pushing for the renewal of a decades-old law that allows the United States to hit companies with economic sanctions for doing business with Iran.


Fed survey finds modest growth across most of U.S.

The Federal Reserve says the economy and hiring continued to expand modestly across most of the United States from mid-May through June, leaving some firms struggling to find skilled workers.


U.S. sees small surplus in June, but deficit up for year

The federal government recorded a small budget surplus in June, but the deficit so far this budget year is still running 26.7 percent higher than a year ago.


Bank of England mulls rate cut to cushion Brexit blow

Britain’s vote to leave the European Union is already taking its toll on the British economy, raising speculation that the Bank of England will on Thursday decide to reduce its …


Theresa May becomes Britain’s new leader as Cameron exits

In a carefully orchestrated political ballet, David Cameron left his job and his home at 10 Downing Street on Wednesday, resigning as prime minister soon afterward at Buckingham Palace. Theresa …


China, EU agree to steel working group amid dumping concerns

EU leaders said Wednesday that they have agreed with China to form a working group to discuss Beijing’s overproduction of steel, an issue they say is linked to whether they …


Were Trump’s ‘Made in USA’ hats really all made in USA?

Donald Trump says he won’t stand for it if it turns out some of his hats labeled “Made in USA” actually weren’t made entirely in the USA.


Warnings of British economic downturn piling up

The warnings are piling up – Britain’s decision to leave the European Union appears to be already hitting the economy.


IMF: Brexit fallout will shave eurozone growth in 2016, 2017

Britain’s decision to leave the European Union will trim economic growth this year and next across the 19 countries that share the euro currency.


Chinese imports push up U.S. trade deficit in May

The U.S. trade deficit climbed in May as a surge in imports of Chinese-made cellphones and computers pushed the politically sensitive imbalance with China to the highest level in six …


U.S. services firms grew in June at fastest pace in 7 months

U.S. services firms expanded last month at the fastest pace since November, good news for the U.S. economy.


UK left with power vacuum as UKIP leader latest to step down

The head of the U.K. Independence Party, Nigel Farage, resigned Monday as party leader, the latest British political chief to tumble amid the political turmoil following the country’s vote to …