Elon Musk’s electric car manufacturer Tesla Motors announced Friday it was cutting its workforce by about seven percent in a push to keep the Model…

After four weeks, the partial shutdown of the US government has begun to rattle the world’s largest economy, particularly hitting consumer sentiment, a mainstay of growth. A closely-watched monthly consumer survey on Friday touched its lowest level since President Donald Trump’s election…

Retail sales in the popular pre-Christmas period in December suffered a near 1 per cent fall, according to data on Friday, as Brexit worries weighed on consumers’ decisions to spend. December’s retail sales figures fell 0.9 per cent on November’s figures, according to the Office for…

White House economic adviser Larry Kudlow has played down reports of a breakthrough in US-China trade talks, but said progress had been made. “We’ve…

The EU on Friday published its negotiating plans for a free trade deal with the United States, part of an effort to avert a trade war with US President Donald Trump. Negotiating a trade deal was included in a transatlantic truce secured last year after the US slapped tariffs on steel and aluminium imports…

Oil prices surged on Friday as falling US rig count eased some of the concerns over a global glut. The US rig count is down 25 rigs from last week to 1,050, according to data released by oilfield services company Baker Hughes on Friday. Oil prices are up about 4 per cent this week, posting a third consecutive…

Public Safety Minister Ralph Goodale on Friday said Canada won’t be browbeaten by Beijing as it mulls whether or not to ban Huawei equipment from new telecommunication networks. His comments come after China’s ambassador to Ottawa, Lu Shaye, on Thursday warned of “repercussions”…

Unseasonably warm weather in December held down Americans’ use of gas and electricity, weighing on US industrial production for the month, the Federal Reserve reported Friday. But otherwise the industrial sector hummed along at the close of 2018, with manufacturing hitting a 10-month high while…

Ukraine’s state-run energy company Naftogaz estimates its economic damage from the 2009 gas contracts with Russia at 32 billion US dollars, the company’s chairman Andriy Kobolev said on Friday. “We have irretrievably lost 32 billion dollars. This includes overpayments, fines, and other…

Argentina’s primary fiscal deficit in 2018 was 2.4 per cent of its gross domestic product (GDP), meeting the goal agreed upon with the International Monetary Fund (IMF), its finance minister said Friday. “Argentina closes the year of 2018 with a negative primary result of 338.987 billion…