Tag Archives: Fundamental Rights / Civil Liberties

Saudi vitality minister to carry press convention on Tuesday

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FILE PHOTO: Saudi Arabia’s new Power Minister, Prince Abdulaziz bin Salman takes a tour on the exhibition throughout the 24th World Power Congress in Abu Dhabi, United Arab Emirates September 9, 2019. REUTERS/Satish Kumar/File Picture

RIYADH (Reuters) – Saudi Arabia’s vitality minister Prince Abdulaziz bin Salman will maintain a press convention on Tuesday following the assaults on Aramco services in Abqaiq and Khurais which have lower the corporate’s crude oil provide by about 50 %, the media ministry mentioned.

Prince Abdulaziz had mentioned on Sunday Aramco would have extra info to share inside 48 hours.

Reporting By Stephen Kalin; Writing By Maha El Dahan

Our Requirements:The Thomson Reuters Belief Rules.

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U.S., Mexico resume talks to avert tariffs as deadline approaches

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(Reuters) – U.S. and Mexican negotiators resumed migration talks on Friday to try to avert a potential trade war that could hurt both countries’ economies and rattle investors already nervous about Washington’s escalating battle with China.

FILE PHOTO: Trucks are seen arriving at a border customs control to cross into U.S. at the World Trade Bridge in Nuevo Laredo, Mexico June 5, 2019. REUTERS/Carlos Jasso

U.S. President Donald Trump shook global markets, Mexican officials and his fellow Republicans in Congress last week by threatening 5% tariffs on Mexican imports starting on Monday if Mexico did not do more to stem an increase in migrants heading for the U.S. southern border.

Here’s a snapshot of latest developments on Friday:

– President Donald Trump said in a tweet that there was a “good chance” the United States would be able to reach a deal with Mexico. But he added: “If we are unable to make the deal, Mexico will begin paying Tariffs at the 5% level on Monday!”

– Mexico’s peso, which has been battered by fears of a trade war with its biggest market, strengthened more than 0.5% against the dollar after the tweet.

– The White House said the United States is on track to implement the tariffs on Mexican goods on Monday. “Our position is still the same and we’re moving forward with the tariffs. They’ll go into effect on Monday,” , White House press secretary Sarah Sanders told reporters.

– Russian President Vladimir Putin accused the United States on Friday of “unbridled economic egoism” and said Washington’s tactics would lead to trade wars and “maybe not just trade wars.” Chinese President Xi Jinping, speaking at the same event, called on world powers to protect the global multilateral trade system.

– U.S. officials officially granted Chinese exporters two more weeks to get their products into the United States before increasing tariffs on those items, according to a U.S. government notice posted online on Friday.

– Global equities rose on the prospect that central banks, including the U.S. Federal Reserve, would loosen monetary policy to offset trade frictions and the threat of global recession, while news the United States would give China more time to avoid a tariff hike added to market optimism.

– Economists say the trade disputes could damage key supply lines and pinch consumers at a time when the global economic expansion that followed the 2008 financial crisis has started to sour and the risk of recession has risen.

Compiled by Susan Thomas; Editing by Howard Goller

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