LONDON — Less than a week before Britain is scheduled to leave the European Union, ambassadors from the bloc's 27 other nations agreed Friday to grant the U.K.'s request for another extension to the Brexit deadline — but they did not settle on how long that delay should be. As...
US Stock Indexes Slide as China's Currency Hits 11-Year Low
NEW YORK — U.S. stocks nosedived in morning trading on Wall Street Monday as China's currency fell sharply and stoked fears that the trade war between the world's two largest economies would continue escalating. China let its currency, the yuan, sink to an 11-year low against the dollar and under...
China Threatens Retaliation for Trump's Planned Tariff Hike
BEIJING — China on Friday threatened retaliation if U.S. President Donald Trump's planned tariff hikes go ahead, while the renewed acrimony between the two biggest global economies sent stock markets tumbling. China's government accused Trump of violating his June agreement with President Xi Jinping to revive negotiations aimed at ending...
China Imports From US Plunge 31% in June Amid Tariff War
BEIJING — China's trade with the United States plunged last month as a tariff war battered exporters on both sides of the Pacific Ocean. And there's no letup in sight: Tensions between the world's two biggest economies continue to simmer even though President Donald Trump and his Chinese counterpart, Xi...
US, Iran Exchange Accusations in Wake of Attacks on Oil Tankers
The U.S. military released a video Friday it said showed Iran's Revolutionary Guard removing an unexploded limpet mine from one of the two oil tankers targeted near the Strait of Hormuz, suggesting Tehran wanted to hide evidence of its alleged involvement. Iran's president, meanwhile, assailed the Trump administration, accusing it of...
My Turn: Here’s How Newsom Can Be Rural California’s Governor
The Camp Fire was the most destructive and deadliest fire in state history, and the world’s costliest natural disaster of 2018. The fire destroyed more than 18,000 homes and businesses and caused $16.5 billion in damages in Butte County. In Shasta County farther north, the Carr Fire destroyed over 1,000...
Trump and Xi Agreement Buys Time In Trade War
WASHINGTON — The dinner table diplomacy that Presidents Donald Trump and Xi Jinping of China conducted over the weekend produced something as vague as it was valuable: an agreement to keep talking. Forged over grilled sirloin at the Group of 20 summit Saturday in Buenos Aires, Argentina, the ceasefire Trump...