IMF upgrades Japan's growth forecast to 0.7% for 2020

Business / Economy Jan 21, 2020

IMF upgrades Japan's growth forecast to 0.7% for 2020

The International Monetary Fund is forecasting that Japan's economy will grow 0.7 percent this year, up 0.2 percentage point from its earlier estimate due to stimulus measures to mitigate the impact of the Oct. 1 consumption tax hike. The Washington-based institution also said global growth ...

Macron and Trump declare a truce in digital tax dispute

Business Jan 21, 2020

Macron and Trump declare a truce in digital tax dispute

French President Emmanuel Macron said Monday he had a "great discussion" with U.S. President Donald Trump over a digital tax planned by Paris and said the two countries will work together to avoid a rise in tariffs. Macron and Trump agreed to hold off on ...

Doubts linger after U.S. and China ink initial trade deal

Business Jan 16, 2020

Doubts linger after U.S. and China ink initial trade deal

China will boost spending on U.S. products in exchange for rolling back of some tariffs under an initial trade deal signed by the world's two largest economies Wednesday, defusing an 18-month row but leaving numerous thorny issues unresolved. Beijing and Washington touted the "phase one" ...