Trans-Pacific trade deal could solve a big problem for Trump, but it may be difficult to rejoin

As President Donald Trump takes on China on trade Japan is inviting him to find a different way to level the playing field by going around China and rejoining a trade pact with 11 nations in the Pacific Rim. Prime Minister Shinzo Abe visiting Trump at MarALago this week is expected to encourage the U.S. to reconsider the TransPacific Partnership while Trump pushes a [read more]

IMF keeps global growth forecast unchanged, warns world growth will slow

In its latest World Economic Outlook report the International Monetary Fund (IMF) maintained its forecasts for global growth this year but warned that the growth may continue to face a slowdown. Key Highlights via Bloomberg Global growth is projected to soften beyond the next couple of years the IMF said in its latest World Economic Outlook report. Once their output gaps close most advanced economies are poised to return to potential growth rates well below precrisis averages held back by aging populations and lackluster [read more]

Mike Pompeo, Trump's secretary of state pick, met with Kim Jong Un

Ahead of a widely anticipated summit between President Donald Trump and North Korean leader Kim Jong Un CIA Director Mike Pompeo met with the dictator earlier this month the Washington Post reported.The facetoface meeting between Pompeo who was recently nominated to be the new secretary of state and Kim took place in North Korea over the Easter weekend and marks the highestlevel sitdown between the two countries since 2000 the Washington Post said.Reuters subsequently reported that a senior U.S. official had confirmed Pompeo and Kims meeting. [read more]

Netflix CEO Reed Hastings: We spend money more like a media company than a tech company

Netflixs spending priorities are more typical of a media company than a technology one according to CEO Reed Hastings. Well spend over $10 billion on content and marketing and a billionthree on tech Hastings said on a call with analysts.So I mean just objectively were much more of a media company in that way than pure tech. Of course we want to be great at both. But again were really pretty different from the pure tech companies.Its an interesting admission for the [read more]

US delays fresh sanctions on Russia - Reuters

According to reporting by Reuters Trumps administration has delayed new sanctions against Russia. Key quotes Trumps administration is unlikely to approve them unless Moscow carries out a new cyber attack or some other provocation a senior administration official said on Monday. U.S. Ambassador to the United Nations Nikki Haley said on Sunday that Washington was preparing new sanctions on Russia over its support of Syrian President Bashar alAssad. The ambassador got out ahead of things this time the senior administration official [read more]

US reportedly weighs retaliation against China for restrictions on tech companies

The Office of the U.S. Trade Representative is considering a new complaint against China to retaliate for restrictions on high tech sectors like cloud computing the Wall Street Journal reported.Separate from levies on steel and aluminum and tariffs on Chinese imports over alleged intellectual property theft the complaint would open up a new front in the trade standoff with China. In China U.S. cloudcomputing firms like Amazon and Microsoft must operate jointly with Chinese companies and license their technology to the Chinese partners. The [read more]