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  • BEIJING, April 22- Chinese President Xi Jinping will meet Indian Prime Minister Narendra Modi on April 27-28 in central China's Wuhan, Xinhua news agency reported Sunday. Modi will visit China again in June for a summit of the China and Russia- led security grouping, the Shanghai Cooperation Organisation. China's ambitious Belt and Road initiative of transport...

  • BEIJING, April 22- China's ZTE is seeking a resolution to a U.S. ban on selling it parts and software that it has said threatens its survival. ZTE "has learnt from its past experiences on export control compliance and attaches significant importance to the work on export control compliance," the mobile phone and telecoms company said in a statement to the Hong Kong...

  • BEIJING, April 22- Chinese President Xi Jinping will hold an informal meeting with Indian Prime Minister Narendra Modi on April 27-28 in central China's Wuhan, Xinhua news agency reported Sunday.

  • LONDON— Britain's health secretary says the government will introduce new laws targeting online social media companies if they don't do more to protect children. In a strongly-worded letter to Facebook, Google, Snapchat, Twitter and others, Jeremy Hunt said their failure to prevent young children using social media and exposing children to its "harmful...

  • LONDON, April 22- Britain's opposition Labour Party would likely broaden the Bank of England's mandate to include factors like employment but would not seek to remove the central bank's independence, Labour's finance policy chief John McDonnell said on Sunday. "I'm quite attracted by the wider mandate that there is in America but we would retain Bank of...

  • SEOUL, April 22- Korean Air Lines Co Ltd Chairman Cho Yang- ho apologised on Sunday for the behaviour of his two daughters and said they would immediately step down from their positions at the company. Her older sister, Heather Cho, made global headlines in 2014 when she ordered a Korean Air plane to return to its gate at a New York airport because she was angry over the...

  • SEOUL, April 22- Korean Air Lines Co Ltd Chairman Cho Yang- ho apologized on Sunday for the behavior of his two daughters and said they would immediately step down from their positions at the company. Her older sister, Heather Cho, made global headlines in 2014 when she ordered a Korean Air plane to return to its gate at a New York airport because she was angry over the...

  • UK OPPOSITION LABOUR PARTY FINANCE CHIEF JOHN MCDONNELL SAYS VERY LIKELY A LABOUR GOVERNMENT WOULD BROADEN BANK OF ENGLAND MANDATE.

  • Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world's two largest economies, as international policymakers acknowledged Beijing needs to change its trade practices. Mnuchin also declined to say what he wants from a trade deal with China, adding, "If we have a deal, you'll know what it looks...

  • Even so, economists predict the Commerce Department will report Tuesday that sales of new homes rose in March. During his two-day testimony before Congress earlier this month, CEO Mark Zuckerberg said regulation of the social network is "inevitable." The Commerce Department delivers its latest quarterly estimate of U.S. economic growth Friday.

  • WASHINGTON— The International Monetary Fund and the World Bank repeatedly warned at their meetings this week that intensifying trade tensions could jeopardize a healthy global economic expansion. Mnuchin met during the past three days with financial officials from China, Japan and Europe over a series of punitive tariffs unveiled by the Trump...

  • Auto China 2018, which opens this week, follows Beijing's decision to allow full foreign ownership of Chinese automakers in a move to make the industry more flexible as it promotes electrics. The ruling Communist Party has transformed China into the biggest market for electrics with billions of dollars in subsidies to producers and buyers.

  • LA PAZ, April 21- Bolivia will manufacture and market lithium batteries along with German company ACI Systems GmbH, which will invest $1.3 billion in the project, the country's manager of the lithium deposits told the Bolivian state radio on Saturday. Along with Argentina and Chile, Bolivia is part of South America's so-called "lithium triangle," one of the...

  • Both Pruitt and lobbyist Steven Hart had previously denied Hart had conducted any recent business with EPA. A spokesman for Hart confirmed Saturday that the lobbyist met with Pruitt at EPA headquarters in July 2017 to discuss efforts to preserve the Chesapeake Bay. The firm's filing, first reported by The Hill, says Hart lobbied EPA during the first quarter of...

  • WASHINGTON, April 21- The World Bank's shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China's shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, including China. "We have more than doubled the capacity of the World Bank Group," the institution's president, Jim...

  • *China market liberalization a move in right direction. WASHINGTON, April 21- A multilateral framework like the Trans-Pacific Partnership pact works better in fixing trade imbalances than a bilateral deal, IMF Deputy Managing Director Mitsuhiro Furusawa said in an endorsement of Japan's calls for Washington to rejoin TPP. Japan and the United States are at...

  • MEXICO CITY— Mexico and the European Union reached a deal to update their nearly 20- year-old free trade agreement on Saturday, including the elimination of tariffs on a number of Mexican agricultural products. Mexico is in ongoing talks with the United States and Canada on overhauling the North American Free Trade Agreement. It said that since the accord took...

  • WASHINGTON, April 21- Despite calls to resist protectionism and for the United States to rejoin a multilateral trans-Pacific trade pact, Japan is gradually shifting gear to adjust to a trade environment shaken up by U.S. Japan ramped up its warning over the damage protectionism could inflict on the global economy, with Finance Minister Taro Aso saying this...

  • Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world's two largest economies, as international policymakers acknowledged Beijing needs to change its trade practices. Mnuchin also declined to say what he wants from a trade deal with China, adding, "If we have a deal, you'll know what it looks...

  • The package agreed to consists of $7.5 billion paid-in capital for the International Bank for Reconstruction and Development and $5.5 billion paid-in capital for the International Finance Corporation, through both general and selective capital increases, as well as a $52.6 billion callable capital increase for IBRD, the World Bank said in a statement.