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economy and business news

Ford to Cut 7,000 Jobs, 10% of Global Staff

Ford to Cut 7,000 Jobs, 10% of Global Staff

Ford plans to cut 7,000 jobs, or 10 percent of its global workforce, as part of a reorganization as it...

Vietnam, EU Eye Trade Alternative to US

Vietnam, EU Eye Trade Alternative to US

Vietnam and Europe could be swapping more pomelo fruit and Portuguese cheese soon if a new trade deal comes into...

China’s Top Diplomat Calls for US Restraint on Trade, Iran 

China’s Top Diplomat Calls for US Restraint on Trade, Iran 

Senior Chinese diplomat Wang Yi told U.S. Secretary of State Mike Pompeo on Saturday that recent U.S. words and actions...

Huawei Founder Sees Little Effect From US Sanctions

Huawei Founder Sees Little Effect From US Sanctions

Huawei Technologies’ founder and chief executive said Saturday that the growth of the Chinese tech giant “may slow, but only slightly,” because...

US Warns Airliners Flying in Persian Gulf Amid Iran Tensions

US Warns Airliners Flying in Persian Gulf Amid Iran Tensions

U.S. diplomats warned Saturday that commercial airliners flying over the wider Persian Gulf faced a risk of being “misidentified” amid...

US Says It May Scale Back Some Huawei Trade Restrictions

US Says It May Scale Back Some Huawei Trade Restrictions

The U.S. Commerce Department may soon scale back restrictions on Huawei Technologies after this week’s blacklisting made it nearly impossible for the Chinese...

Trump Lifts Tariffs on Mexico, Canada, Delays Auto Tariffs 

Trump Lifts Tariffs on Mexico, Canada, Delays Auto Tariffs 

Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions...

After Huawei Blow, China Says US Must Show Sincerity for Talks

After Huawei Blow, China Says US Must Show Sincerity for Talks

The United States must show sincerity if it is to hold meaningful trade talks, China said on Friday, after U.S....

Trade Tensions Seen Tightening Job Market for Chinese Graduates

Trade Tensions Seen Tightening Job Market for Chinese Graduates

A record number of 8.34 million university graduates are set to enter the Chinese job market this summer amid escalating...

South Korea Waits Out US-China Trade War

South Korea Waits Out US-China Trade War

Juhyun Lee contributed to this report. SEOUL — As U.S. President Donald Trump intensifies his trade battle with China, one...

Retail Chiefs Dismiss AI Job Threat, Promise More Training

Retail Chiefs Dismiss AI Job Threat, Promise More Training

Executives from major global retailers played down the threat to employment in stores from artificial intelligence and automation on Thursday...

US Housing Starts Rise in April; Supply Challenges Remain

US Housing Starts Rise in April; Supply Challenges Remain

U.S. homebuilding increased more than expected in April and activity in the prior month was stronger than initially thought, suggesting...