Business

WASHINGTON, June 25 (Xinhua) -- A seven-day Section 301 tariffs hearing wrapped up Tuesday after more than 300 business representatives had made their case against Washington's proposed additional tariffs on Chinese imports.

The overwhelming sentiment expressed by representatives from various sectors was that imposing additional tariffs up to 25 percent on about 300 billion U.S. dollars worth of Chinese imports would significantly harm U.S. businesses and consumers.

KIEV, June 25. /TASS/: The decision of President Vladimir Putin to lift a ban on the transit of Ukrainian goods through Russia is a sign of Moscow’s willingness to follow the path of bilateral economic relations, Viktor Medvedchuk, Chairman of the political council of the Ukrainian party Opposition Platform - For Life, said on Tuesday.

WASHINGTON (AP) — American businesses are bracing for a painful escalation in President Donald Trump’s trade war with China.

Yet they might just get a reprieve.

If history repeats itself — and most analysts are betting it will — Trump and President Xi Jinping will agree to some kind of cease-fire when they meet late this week at a Group of 20 international summit in Osaka, Japan.

MANAMA, Bahrain (AP) — President Donald Trump’s son-in-law and senior adviser, Jared Kushner, appealed Tuesday for the Palestinians to consider a $50 billion economic support plan, even though they already rejected the proposal because it does not include a political resolution to the long-running conflict with the Israelis.

Kushner, speaking at a conference in Bahrain, defended the proposal as the foundation of any eventual peace plan. Meanwhile, Palestinians protested the plan in the streets of the West Bank, Gaza and elsewhere.

TEHRAN, Iran (AP) — Iran warned Tuesday that new U.S. sanctions targeting its supreme leader and other top officials meant “closing the doors of diplomacy” between Tehran and Washington amid heightened tensions, even as President Hassan Rouhani derided the White House as being “afflicted by mental retardation.”

25 June 2019; DW: Milan has won the right to host the 2026 Winter Olympics after an International Olympic Committee vote. The Swedish city of Stockholm lost out in the final round of voting in a process considered to have been as much about finance as the sport itself.

"It's a victory for Italy, for the future and for sports," Italian Interior Minister and Deputy Prime Minister Matteo Salvini said in a statement. "With the Winter Olympics, we will prove to the world our strengths and our skills."

25 June 2019; DW: The Netherlands was struck by a major telecommunications outage on Monday, taking down the emergency services number.

Police were sent out into the streets to be easily accessible, as callers failed to reach the 112 emergency number.

25 June 2019; DW: Several US billionaires have urged candidates running in the 2020 US presidential election to raise taxes on the wealthiest of the wealthy.

New Delhi, Jun 24 (PTI) Former prime minister Manmohan Singh said on Monday rising inequality was a concern and the country cannot allow extreme poverty or economic disparity as it is a welfare state.

Speaking at the release of a social development report titled 'Rising Inequalities in India, 2018', Singh said some regions and social groups were extremely poor and vulnerable despite various anti-poverty programmes and affirmative policies being followed.

TEHRAN, June 25 (Xinhua) -- Iranian Foreign Minister Mohammad Javad Zarif said Monday that the Europeans lack resolve and power to implement their commitments pertaining to the 2015 Iranian nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), Press TV has reported.

"Repeated delays with regard to the (implementation) of INSTEX (Europe's Instrument In Support Of Trade Exchanges) shows that Europeans neither have the power nor determination to implement their commitments" under the JCPOA to secure Iran's economic interests, Zarif said.