Business

US-China trade war has intensified with China’s announcement of additional tariffs on $75 billion worth of American products, and resume levies on American autos and auto parts.

China's Finance Ministry will place 5% or 10% of additional tariffs on US imports starting from 1st September. Ministry also announced plans to resume tariffs on US imports of automobiles and automobile parts.

OSLO, Aug 22 (NNN-IRNA) — Chairwoman of the Commission on Foreign Affairs and Defense of the Norwegian Parliament Anniken Huitfeldt said on Thursday that although her country is a close ally of the US, it strongly supports the JCPOA or Iran’s Nuclear deal and promoting trade between Oslo and Tehran.

She added after a meeting with the visiting Iranian Foreign Minister Mohammad Javad Zarif, “Direct communications between me and the Iranian side was useful and we discussed various issues.”

SEOUL, Aug 23 (NNN-YONHAP) — North Korea said Friday it would be a “miscalculation” if the United States tries to confront Pyongyang with sanctions, urging it to drop its hostile stance.

In a statement, North Korea’s Foreign Minister Ri Yong-ho also warned that Pyongyang will remain “the biggest threat” to Washington for a long time should the U.S. stick to a hostile stance.

New Delhi, Aug 23; GANASHAKTI:  Indian and US officials carried out a comprehensive review of defence, security and key foreign policy issues under the framework of 'two-plus-two' dialogue between the two strategic partners.

In the meeting held in Monterey, California, the two sides also discussed regional developments, and agreed to pursue their quest for a free, open, inclusive and peaceful Indo-Pacific, the external affairs ministry said here.

Chantilly (France), Aug 22; GANASHAKTI: India and Pakistan should resolve the Kashmir issue bilaterally and no third party should "interfere or incite" violence in the region, French President Emmanuel Macron said on Thursday after his marathon one-on-one talks with Prime Minister Narendra Modi

Islamabad, Aug 23 (PTI) Pakistan on Friday said that despite tensions with India, it stands ready to open the Kartarpur Corridor and welcome the Sikh pilgrims to take part in celebrations in connection with the 550th birth anniversary of Baba Guru Nanak.

Foreign Minister Shah Mehmood Qureshi said this while speaking to a delegation of civil society and parliamentarians of Afghanistan, which is currently visiting Pakistan for the 'Track-II dialogue, Beyond Boundaries'.

Mumbai, Aug 22 (PTI) The Indian rupee on Thursday plunged to an over eight-month low of 71.81, dropping 26 paise against the US dollar as tumbling equities and incessant foreign fund outflows weighed on sentiment.

Also, the sudden drop in Chinese yuan led to increased volatility in emerging market currencies, including the rupee, forex dealers said.

BEIJING (AP) — Asian stock markets were mixed on Friday after Wall Street declined ahead of a closely watched speech by the U.S. Federal Reserve chairman.

Market benchmarks in Shanghai, Tokyo and Australia rose while Hong Kong declined.

Investors are looking to Jerome Powell’s speech Friday for signs of direction on interest rates after two regional Fed presidents said they see no need for a change.

Investors expect a cut in September, the Fed’s second in three months, to shore up U.S. economic growth amid a tariff war with Beijing and weakening global growth.

22 Aug 2019; MEMO: The worst humanitarian crises since the Second World War would not have been possible without the complicity of the UK say campaign groups in a report highlighting the Conservative government’s licencing of billions of pounds worth of weapons to Saudi Arabia since the start of the Yemen war.

22 Aug 2019; MEMO: Sudan’s new prime minister, Abdalla Hamdok, was sworn in on Wednesday as leader of a transitional government, and he vowed to make achieving peace and solving the country’s economic crisis a priority, Reuters reports.