Economy
Washington/Xinhua: The US federal budget deficit soared to a record 3.1 trillion dollars in the fiscal year 2020, as the COVID-19 pandemic has prompted massive fiscal stimulus and caused tax revenue to fall, official data showed on Saturday. more
US House Speaker Pelosi says White House $1.3Trln COVID-19 relief package not enough

Washington/Sputnik: House Speaker Nancy Pelosi in a statement said the White House's proposal to provide $1.3 trillion in COVID-19 relief would not be enough to meet the needs of the ...

US crude plunges 25 pc on fear country may run out of oil storage space

New York/Sputnik: US crude prices fell 25 percent on fear that the United States will run out of space to store its oil as supply flowed out of wells faster than producers could cut, leav ...

US jobless claims again surpassed 6 mln last week as COVID-19 devastates economy

Washington/Xinhua:  The number of initial jobless claims in the United States totaled 6.6 million last week amid mounting economic fallout from COVID-19, following a similar staggeri ...

US Federal Reserve cuts interest rates to target range of 0-0.25 pc amid COVID-19 outbreak

Moscow/Sputnik: The US Federal Reserve System has said in a statement that it lowered the target range for the federal funds rate to 0-0.25 percent in the wake of the coronavirus disease ...

China-US trade talks conclude

Beijing, Feb 25 (Sputnik/IUNI): China and the United States have reached a significant progress at the latest round of trade talks in Washington, the Chinese Commerce Ministry said on Mon ...

Trade War: US President Donald Trump warns China of additional $200bn in tariffs

Washington: Adding more fuel to the growing trade battle, US President Donald Trump has threatened to impose tariffs on an additional $200bn worth of Chinese goods.

China decides to impose additional tariffs on 50 bn USD of U.S. imports

Beijing: Responding to the US move of imposing additional duties on Chinese imports, the Asian nation on Saturday unveiled a list of products from the United States that will be subjected ...

China to buy more goods and services from the US

Washington/Beijing: China has agreed to increase its import of goods and services from the United States, reports said on Sunday.

Is trade war with the US helping China's economy grow?

Beijing: China has announced on Tuesday that it has witnessed a growth of 6.8 percent in the first three quarters as opposed to a corresponding period last year.