BEIJING (AP) — China allowed its yuan to sink Monday and U.S. President Donald Trump said the two sides will talk “very seriously” about their war over trade and technology following tit-for-tat tariff hikes and Trump’s threat to order American companies to stop doing business with China. The escalations prompted warnings that the chances of […]
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Economists survey: 34% expect a US recession in 2021
WASHINGTON (AP) — A number of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump’s economic policies that they expect a recession in the U.S. by the end of 2021. Thirty-four percent of economists surveyed by the National Association for Business Economics, in a report being released Monday, said […]
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US vows to fast track COFA talks
The recent meeting of the leaders of Micronesia and United States Secretary of State Michael Pompeo ended up with the US promising that it would like to conclude the negotiations on the expiring financial package of the Compact of Free Association (COFA) by the end of 2020. Vice President Raynold Oilouch, who represented Palau during […]
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Stranded crew of an Indonesian boat in Palau waters rescued
The US coast guard along with Palau Marine Law Enforcement rescued a crew of eight stranded on an Indonesian flag boat Hallelujar. As of Thursday, the boat was being towed by the US coast guard who were on their way to Guam. The Chief of Staff at Ministry of Justice Earnest Ongidobel said, “The US […]
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US-China trade war leaves Europe as collateral damage
FRANKFURT, Germany (AP) — Like a sleek Mercedes crunched between two freight trucks, Europe’s economy is being knocked off course by the conflict between the U.S. and China over trade. The bill for damages from the U.S-China collision could be reflected in new growth figures due Wednesday that could show that Europe’s economic motor, Germany, […]
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Attacker kills 4, wounds 2 in California stabbing rampage
LOS ANGELES (AP) — A man who was “full of anger” stabbed, slashed and robbed his way across two Southern California cities in a bloody rampage that killed four people and wounded two others who were apparently targeted at random, authorities said. The 33-year-old man from Garden Grove robbed more than half a dozen businesses […]