News from Around the World

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PHOTO: JASON LEE/REUTERS

Fed’s Patience Tested as Trade Spat Clouds Growth Outlook


The recent escalation of the U.S. trade dispute with China is putting the Federal Reserve in a bind and complicates its make-no-moves policy posture.

Photographer: Wang Zhao/AFP

Emerging Markets Can't Evade a China Slowdown


U.S. measures to confront China on trade are shifting from tariffs to imposing restrictions on the activities of Chinese firms, which will have adverse consequences not only for the yuan but emerging markets overall.

AFP

Populists fall short of expectations in the European elections


THAT RIGHT-WING populism has gained ground in Europe in recent years is a well-established fact.

MAY

UK set for new PM as Theresa May quits


Theresa May has said she will quit as Conservative leader on 7 June, paving the way for a contest to decide a new prime minister.

FED

QE May Be Over, But the Fed’s U.S. Debt Hoard Is About to Soar


If you thought the Federal Reserve was done with quantitative easing, you might only be half right.

REUTERS

Google suspends Huawei from Android services


Google has dealt a blow to Huawei’s fast-growing consumer smartphone business by suspending the delivery of key software and technical services to the Chinese company, according to two people familiar with the situation.

(Mark Wilson/Getty Images)

World Bank's David Malpass talks 'decentralization' and private investment


WASHINGTON — World Bank President David Malpass outlined a growing country focus at the bank in a speech on Tuesday where he also called on governments to make structural reforms and to create the building blocks for successful private sectors.

PHOTO: SIMON DAWSON/BLOOMBERG NEWS

Saudi Arabia Oil Pipeline Attacked by Drones


Saudi Arabia said Tuesday it halted pumping on a major oil pipeline after it was hit by armed drones, the latest attack on its energy infrastructure after two of its oil tankers were damaged near the Strait of Hormuz over the weekend.

Aly Song/Reuters

China Retaliates Against the U.S. With Its Own Higher Tariffs


BEIJING — China moved to retaliate against the United States, announcing plans on Monday to raise tariffs on a wide range of American goods.

via Economist

America raises tariffs on China, and the stakes in a trade war


MEETING IN WASHINGTON, Chinese and American trade negotiators made it through dinner without hurling the plates at each other. But there was no truce on the menu.