FRANKFURT — Fears about international trade disputes and the conflict in Syria have sent the economic outlook lower among investment professionals in Germany, the largest economy in the 19-country euro currency union. It’s only the latest sign that looming trade conflict between the U.S. and China is weighing on the outlook in Europe, after several […]
NEW YORK — Billionaire banking heir Matthew Mellon has died. He was 54. His cousin Peter Stephaich confirmed Mellon’s death but declined Tuesday to provide any details. He had struggled with drug addiction, and reports said he died at a rehabilitation centre in Cancun, Mexico. Mellon comes from the Mellon and Drexel families of Bank […]
STRASBOURG, France — The Latest on French President Emmanuel Macron’s speech to the European Parliament (all times local): 11:00 a.m. French President Emmanuel Macron is calling for an energetic campaign for European Union elections next year as the bloc deals with the challenges of Britain’s departure and rising nationalism. Macron told EU lawmakers Tuesday that […]
BEIJING — China announced plans Tuesday to allow full foreign ownership of automakers in five years, ending restrictions that helped to fuel its escalating dispute with U.S. President Donald Trump and strained relations with other trading partners. The change would scrap rules that require global automakers to work through local state-owned partners, an arrangement that […]
STRASBOURG, France — French President Emmanuel Macron is expected to outline his vision for the future of Europe as he addresses the European Parliament. In his speech to European lawmakers Tuesday in Strasbourg, France, Macron will launch a drive to seek European citizens’ opinions on the European Union’s future. Macron said in a television interview […]
BEIJING — China has ordered importers of U.S. sorghum to pay deposits for possible higher tariffs in an anti-dumping investigation, adding to mounting trade conflicts with Washington. The Commerce Ministry said Tuesday in a preliminary ruling that U.S. sorghum was being sold at improperly low prices. It said importers must post bonds of 178.6 per […]
PARIS — About 30 per cent of Air France flights scheduled on Tuesday are expected to be cancelled due to a strike over pay. Crews and ground staff are staging their eighth day of walkouts since February. They are seeking a 6 per cent pay rise. Their wages have been frozen since 2011. Air France’s […]