American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
DUBAI, July 19 (Reuters) - The IMF urged Yemen's internationally recognised government on Friday to extend its payments of public sector salaries to the whole country to help the war-shattered economy to recover.
The IMF also praised the government, which is based in the southern port of Aden after being ousted from the capital Sanaa by the Iran-aligned Houthi movement, for already making some payments to workers and paying all pensions in areas of Yemen outside its own control.
The United Nations has described the situation in Yemen as the world's worst humanitarian crisis, after four years of conflict between the Houthis and the Saudi-backed government forces, in which tens of thousands of people have been killed.
"We urge the government to pay all civil service salaries throughout the country," the International Monetary Fund said in a statement after a mission visited Yemen on July 10-18 for the first time since December.
The war caused runaway inflation and restricted the flow of goods into and around Yemen, pushing millions into hunger and joblessness and crippling public services such as health and education.
The Houthis control the main population centres including Sanaa.
The conflict has also split the central bank into two - one based in Aden under government control and one in Sanaa under Houthi control - hindering public sector salary payments and imports.
But the government began paying salaries and pensions to Yemenis at least in some Houthi-controlled areas early this year and the IMF urged it to continue this practice and extend the payments to all parts of the country.
In its statement, the IMF said economic growth had "moved back into positive territory, albeit now from a much lower per capita income level" after sharp declines in 2014-17.
"Donor financing and increased hydrocarbon receipts were key factors in quelling last year's dramatic volatility in the exchange rate and food prices, and basic food imports increased toward prewar levels, supported also by humanitarian aid," it said.
The IMF also called for further donor financing, spending restraint by the government and improved revenue collection. (Reporting by Lisa Barrington Editing by Gareth Jones)