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More US business economists see «downside» economic risks

Amid uncertainty over President Donald Trump's growth agenda, US economists increasingly are worried about risks to the economy, though they see little chance of a recession near term, according to a survey released on Monday.

US business economists fret over Trump policy agenda

US business economists worry about the prospects for President Donald Trump's policy agenda, and the potential damage to the economy from his trade and immigration policies, according to a survey released on Monday.

China cracks down on foreign spending sprees

China is to restrict foreign investments in sports clubs, real estate and entertainment and is banning investment in pornography and «unauthorised» military technology.

Shots fired in Australia's war on food waste

Australia's first recycled supermarket is giving food destined for landfills a second chance, as the government embarks on a major push to cut down on waste costing the economy Aus$20 billion (US$15 billion) a year.

China hosts summit on new Silk Road

China opens on Sunday a summit to promote its massive global trade infrastructure project, highlighting Beijing's ambitions to spearhead a new era of globalisation as Washington shifts toward inward-looking policies.

German industrial output, trade surplus slip in March

Industrial production declined slightly and the trade surplus narrowed for Germany in March, official data showed Monday, although overall Europe's largest economy enjoyed a strong first quarter.

Egypt parliament passes investment law

Egypt's parliament on Sunday adopted a law whose aim is to attract foreign investors to the country as authorities seek to redress its struggling economy.

US new home sales see fastest pace in 8 months

Sales of new homes in the United States forged higher for the third straight month in March, hitting the fastest pace since July, the Commerce Department reported Tuesday.

Upward mobility has fallen sharply in US

In a sign of the fading American Dream, 92 percent of children born in 1940 earned more than their parents, but only half of those born in 1984 can say the same, researchers said Monday.

US Treasury's Mnuchin: US growth good for global economy

The Trump administration's priority is boosting US growth through tax cuts and an overhaul of regulations, and a growing American economy will be good for the world, Treasury Secretary Steven Mnuchin said Thursday.

Key US jobless benefits level hits 17-year low

New claims for US jobless benefits rose slightly in mid-April but the total number of people seeking unemployment insurance hit a 17-year low, the Labor Department reported Thursday.

Japan's exports jump in March

Japanese exports recorded their biggest gain in more than two years in March, official data showed Thursday, in a sign of optimism for the world's third-biggest economy.

Trump seeks headway on «Buy American, Hire American» pledge

President Donald Trump moved Tuesday to make good on his emblematic pledge to «Buy American, Hire American» by tightening skilled-worker visa rules, but his room for maneuver remains limited without wider congressional reform.

New US home construction slows in March

Construction of new US homes dropped in March to its slowest pace in four months, with the pace of building falling sharply in the Mid-West, the Commerce Department reported Tuesday.

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