U.S. President Donald Trump's top trade officials are meeting their Chinese counterparts in London on Monday for talks aimed at resolving an ongoing trade dispute between the world's two largest economies. U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer are representing the U.S. China's Foreign Ministry said Saturday that Vice Premier He Lifeng, Beijing's lead trade negotiator, will be in the U.K. between June 8-13, and that a meeting of the "China-U.S. economic and trade consultation mechanism" would take place. National...
Russia is ramping up production of drones, enabling massive daily attacks on Ukrainian cities as its forces slowly advance on the battlefield and Moscow pressures Kyiv to accept its peace terms. The Kremlin unleashed deadly destruction on the capital Kyiv and the Black Sea city of Odesa overnight, firing 315 drones and seven missiles, according to Ukraine. That followed a record 479 drones the night before, which topped the record set on June 1. Moscow has been relentlessly ramping up drone attacks since the start of the year, when the scale of the attacks in February hit a daily record of...
The U.S. Federal Reserve will keep interest rates on hold for at least another couple of months, according to most economists polled by Reuters, as risks linger that inflation may resurge due to President Donald Trump's tariff policies. With most trade negotiations incomplete as the July 9 deadline for a 90-day pause on tariffs announced in April approaches, forecasters have been reluctant to change their already fragile economic outlook. Rising concerns about U.S. debt and a deluge of bond issuance fuelled by a sweeping tax cut bill passed by the House of Representatives, but not the...