US deficit forecast to hit $1 trillion following tax cuts

The US is heading for a budget deficit of more than $1 trillion (£707bn) by 2020 following tax cuts and higher public spending, according to the Congressional Budget Office. It said that while the measures will temporarily boost the US economy, they…

US trade deficit widens in February

America's trade deficit widened in February as its international trade hit a monthly record. The deficit was $57.6bn - the largest monthly gap between exports and imports of goods and services since 2008, the US Commerce Department said. The figures…

OVER 150 TRAINED IN STRATEGIC BUDGET REFORM (March 5-16, 2018)

The Ministry of Finance, Trade and Investment in collaboration with the IMF's Caribbean Regional Technical Assistance Centre (CARTAC), conducted training for over 150 policy makers and program managers across Government and Statutory Bodies between…

Trade wars are good, says Trump

US President Donald Trump has said "trade wars are good", amid controversy over his decision to impose tariffs on steel and aluminium imports. He tweeted that the US was "losing billions of dollars on trade" and would find a trade war "easy to……

US rejects China-led bid for Chicago Stock Exchange

The US has rejected a proposed merger between the Chicago Stock Exchange and a Chinese-linked investor group. The decision comes after more than two years of reviews by officials. The tie-up was initially approved by the Committee on Foreign…

Coincheck promises 46bn yen refund after cryptocurrency theft

One of Japan's largest digital currency exchanges has said it will refund most of the $534m (£380m) worth of virtual assets lost in a hacking attack. Coincheck has promised to use its own funds to reimburse more than 46bn yen ($423m) to customers…

Trump says no trade war despite Asia outcry over tariffs

US President Donald Trump has brushed off concerns that new tariffs the US has imposed on imported washing machines and solar panels will lead to a trade war. The announcement of the tariffs - of up to 50% - have prompted outcry from China and South…

H&M hires diversity leader after global backlash

Following the nearly two weeks of immense backlash over the racially insensitive image that showed a young black boy wearing a “coolest monkey in the jungle” hoodie, H&M has announced they've appointed a global leader in diversity. "The recent…

Google sued over ‘male discrimination’

Mr Damore and David Gudeman, another former engineer at the firm, filed the suit at Santa Clara Superior Court in California. A spokesperson for Google said they "look forward to defending against Mr Damore's lawsuit in court." A separate case filed…

Sky News faces uncertain future after Disney deal

Walt Disney's agreement to buy most of 21st Century Fox's business for $52.4bn (£39bn) has raised further questions about the Sky News channel's future. Before news of the deal, Rupert Murdoch's Fox had been trying to buy the 61% of satellite…