World

By Emre Peker WSJ Paul Hannon WSJ Fri., Feb. 15, 2019 The European Union reported a record trade surplus with the U.S. last year, a development that could weigh on slow-moving U.S.-EU trade talks and comes as the Trump administration prepares to deliberate hefty tariffs on European car imports. Meanwhile, slowing exports from Europe to other trading partners, most notably China, in 2018 suggest the flagging EU economy could cool further this year. Failure of the U.S.-EU trade talks and fresh duties from the U.S. could compound Europe’s economic pain in 2019. Following a July agreement to talk rather than impose new levies, Brussels and Washington have held four rounds of negotiations in an effort to ease tensions and further liberalize trans-Atlantic trade. The next round of talks is expected to take place in Washington early next month. However, progress on a top agenda item—a deal on industrial trade that would slash duties and non-tariff … [Read more...] about EU’s Trade Surplus With U.S., a Bone of Contention for Trump, Hits Record

By Lalita Clozel WSJ Andrew Ackerman WSJ Fri., Feb. 15, 2019 WASHINGTON—Wells Fargo & Co. Chief Executive Timothy Sloan is expected to appear solo before the House Financial Services Committee on March 12, people familiar with the matter said, as the committee reviews the bank’s consumer-abuse scandals. Mr. Sloan would be the first bank chief to face House Democrats who took over the Financial Services Committee in the new Congress. The executive is also set to testify a second time on April 10, along with the heads of other large U.S. banks, including JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp., Goldman Sachs Group Inc. and Morgan Stanley. The hearings are the latest sign that Democrats, with their House majority, plan to pursue questions about the financial industry. The April hearing would mark the first time since shortly after the financial crisis that chief executives of big banks have testified together in front of … [Read more...] about Wells Fargo Chief Is Expected to Appear Solo Before House Panel

Sections SEARCH Skip to content Skip to site index Middle East Subscribe Log In Log In Today’s Paper Middle East | Dubai Airport Briefly Halts Departures Over ‘Suspected Drone Activity’ Supported by ByMichael Wolgelenter Feb. 15, 2019 Dubai International Airport, one of the busiest in the world, was forced to briefly shut down departing flights on Friday because of what it said was “suspected drone activity,” the latest instance in which a major airport had to restrict air traffic over concerns about the remotely controlled devices. The airport said in a statement that flight departures were suspended between 10:13 a.m. and 10:45 a.m. because of concerns about drone activity. Incoming flights were allowed to land. “Dubai Airports has worked closely with the appropriate authorities to ensure that the safety of airport operations is maintained at all times and to minimize any … [Read more...] about Dubai Airport Briefly Halts Departures Over ‘Suspected Drone Activity’

Feb 15, 3:04 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By Suman Varandani @suman09 02/15/19 AT 12:32 AM Amid the ongoing sanctions on North Korea, Russia exported nearly 7,000 tons of refined oil to the reclusive country in December. According to data provided on the United Nations website Friday, the amount was the largest monthly shipped to Pyongyang since the UN mandated member states to report on the supply.In 2017, the UN asked member countries to notify a sanctions committee of any supply, sale or transfer of refined petroleum products to North Korea. This was put in place after North Korea launched a long-range missile which, according to other countries, posed a security threat to its neighbors.According to South Korea's Yonhap news agency, China shipped 1,511 tons of refined oil in December. The two countries shipped a combined 48,441 tons of refined oil to North Korea in … [Read more...] about Russia Sold North Korea 7,000 Tons Of Refined Oil In December