Business

Washington, Mar 9 (PTI) Amidst reports of negotiations for a deal with china hitting a bump, President Donald Trump has said that he will enter into a trade deal with Beijing only if he is confident that it is good for the US.

But he also told reporters at the White House on Friday that he is confident of entering into a trade deal with China.

The world's two largest economies are locked in a trade war since Trump imposed heavy tariffs on imported steel and aluminium items from China in March last year, a move that sparked fears of a global trade war.

New Delhi, Mar 9 (PTI) Senior Congress leader P Chidambaram on Saturday hit out at the Centre over alleged lack of job creation, saying the three main issues in the upcoming Lok Sabha polls would be jobs, jobs and jobs.

"What is worse? Not creating jobs or lying about creation of jobs?" Chidambaram asked in a tweet, alleging that the National Democratic Alliance government was guilty of both. "The top three issues in the elections will be jobs, jobs and jobs."

New Delhi, March 8 (PTI) The Delhi Cabinet Friday approved recommendations of a fare revision committee to hike auto-rickshaw tariffs by Rs 1.50 per kilometre.

The meter-down charge of Rs 25 per two kilometre has also been revised by the committee to Rs 25 for 1.5 kilometre, said Transport Minister Kailash Gahlot.

The revised charges will be implemented after the Transport Department's notification, Gahlot said.

WASHINGTON (AP) — President Donald Trump’s 2020 budget proposal will include $100 million for a global women’s fund spearheaded by his daughter Ivanka Trump.

A White House official told The Associated Press that the budget, expected to be released Monday, will include the funding for the Women’s Global Development and Prosperity Initiative. The administration last month launched the government-wide project, led by the Republican president’s daughter and senior adviser.

08 Mar 2019; AFP: India has signed a $3 billion deal to lease a third Russian nuclear-powered submarine for 10 years, giving Delhi a boost in the Indian Ocean against arch-rivals Pakistan and China, media reports said.

The deal -- which according to the reports took months to negotiate -- comes as tensions run high between India and Pakistan following their biggest standoff in years, and as Chinese influence grows in the region.

Norway's sovereign wealth fund, the world's biggest and which is fuelled by petrodollars, will divest its oil and gas holdings to reduce its exposure to the oil sector, the Norwegian government announced on Friday.

08 Mar 2019; AFP: While the decision is based solely on financial considerations and not on the environment or climate change, a divestment by an investor worth more than $1 trillion will undoubtedly be seen as a major blow to polluting fossil fuels.

08 Mar 2019; AFP: China threw its weight behind Huawei's legal battle against the United States on Friday, saying the telecom giant will not be a "silent lamb to the slaughter" and vowing to defend the rights of Chinese companies.

Foreign Minister Wang Yi voiced Beijing's support as Huawei mounts a legal and public relations campaign to counter US warnings that the company's networks and equipment could serve as Trojan horses for Chinese intelligence services.

WASHINGTON, March 7 (Xinhua) -- China's economic growth target for this year will allow policy makers to focus on improving the quality of growth, an International Monetary Fund (IMF) spokesman said Thursday.

"As China shifts the economic model from less export orientation to more domestic consumption, (in regards to) the quality quantity issue, this is an appropriate step," Gerry Rice, director of the IMF's communications department, said at a press briefing.

Rice told Xinhua the resetting of the growth target will also help avoid creating too much debt.

HEFEI, March 8 (Xinhua) -- A new China-Europe freight train service was launched Thursday night, linking Hefei, capital of east China's Anhui Province, with Duisburg of Germany.

A train carrying electronic components, solar cell modules and power cabinet components departed from an international railway logistics center in Hefei, marking the start of the service.

BEIJING, March 8 (Xinhua) -- China and the United States stand to gain from cooperation and lose from confrontation, Chinese State Councilor and Foreign Minister Wang Yi said Friday.

"This is the most important thing we can learn from the past," Wang said at a press conference on the sidelines of the country's annual legislative session.

Though a lot of changes have taken place in the world and in both countries since they established diplomatic relations four decades ago, this valuable lesson still holds true today and must be adhered to and safeguarded, Wang added.