North America

US stocks tumble as US-China trade war rattles investors

USA (AP) — The Dow Jones Industrial Average plunged more than 600 points Friday after the latest escalation in the trade war between the U.S. and China rattled investors. The broad sell-off sent the S&P 500 to its fourth straight weekly loss.

Stocks tumbled after President Donald Trump responded angrily on Twitter following China’s announcement of new tariffs on $75 billion in U.S. goods. In one of his tweets he “hereby ordered” U.S. companies with operations in China to consider moving them to other countries — including the U.S.

Trump raises tariffs on Chinese goods as trade war escalates

WASHINGTON (AP) — President Donald Trump angrily escalated his trade fight with China on Friday, raising retaliatory tariffs and ordering American companies to consider alternatives to doing business there.

He also blamed Jerome Powell, the man he appointed as chairman of the Federal Reserve, for the state of the domestic economy, wondering who was a “bigger enemy” of the U.S. — Powell or Chinese President Xi Jinping.

China retaliates - $75bn of US goods will be subjected to additional tariffs

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.

Myanmar military committed ‘systematic’ sexual violence against minorities: UN experts

UNITED NATIONS, Aug 23 (APP): Myanmar’s military must stop using sexual and gender-based violence to terrorize and punish ethnic minorities, according to a new report from the United Nations International Fact-Finding Mission.

“Extreme physical violence, the openness in which it is conducted … reflects a widespread culture of tolerance towards humiliation and the deliberate infliction of severe physical and mental pain or suffering on civilians,” the report said.

India, US review strategic cooperation at a high-level meet

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.

Trump is 'very focused' on situation in Kashmir: White House

Washington, Aug 23; GANASHAKTI: Donald Trump is "ready to assist" India and Pakistan on the Kashmir issue if both sides ask for it, a top White House official has said, underlining that the US President is "very focused" on the situation in the Valley in view of its "broader implications".

Tensions between India and Pakistan spiked after New Delhi abrogated provisions of Article 370 of the Constitution to withdraw Jammu and Kashmir's special status and bifurcated the state into two Union Territories on August 5.

China calls for preserving existing arms control system, says envoy

UNITED NATIONS, August 23. /TASS/: Beijing calls for preserving the existing arms control regime following the dismantling the Intermediate-Range Nuclear Forces (INF) Treaty, China's Permanent Representative to the United Nations Zhang Jun said on Thursday. He was speaking at an emergency session of UN Security Council convened upon the request of Russia and China.

US charges 80 in internet fraud and money laundering scheme

23 August 2019; AFP: US authorities on Thursday announced charges against 80 people, most of them Nigerians, in a wide-ranging fraud and money laundering operation that netted millions of dollars from victims of internet con jobs.

Federal prosecutors unsealed the dozens of indictments after 17 people were arrested and taken into custody in Los Angeles and elsewhere in the United States.

China blames Canada for difficulties in relationship, demands Huawei executive be freed

OTTAWA (Reuters) - China’s embassy in Canada said on Thursday that bilateral ties were suffering “gross difficulties,” and demanded Ottawa free Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou.

Relations have been icy since Meng was detained in Vancouver last December on a U.S. warrant. China has since charged two Canadians with spying and halted imports of canola seed and meat products from Canada.

Canadian Prime Minister Justin Trudeau on Wednesday said his government had no intention of backing down in the dispute and would defend Canada’s interests.

Subscribe to North America