Business


U.S. Treasury's Mnuchin says U.S. reserves right to be protectionist

Finance chiefs from the Group of Seven rich countries committed to join forces to fight the growing threat of global cyber attacks, a day after ransomware caused havoc at thousands of businesses and institutions worldwide. The head of an global organization representing many advanced economies says that a new, multinational tax treaty will be of "massive consequence" in preventing big companies from avoiding taxes.



Amtrak Engineer Charged By Penn AG Over Fatal 2015 Crash

It alleges he was reckless in the operation of the train. Pennsylvania's attorney general has made a decision to bring charges against an Amtrak engineer in connection with a 2015 crash that left eight people dead and hundreds hurt in Philadelphia.



US, EU in urgent discussions on pitch to expand laptop ban

The EU's transport and migration commissioners have written to U.S. Homeland Security Secretary John Kelly to seek clarification. Cellphones would still be allowed in cabins but virtually every other electronic device would not be permitted and would need to be stowed in checked bags.


China trade agreement impacts meats, natural gas

China trade agreement impacts meats, natural gas

While Trump had earlier said China could receive more favorable trade terms from the U.S.in return for help in persuading North Korea to cease its nuclear and missile activities, Zhu downplayed any suggestion of a link between the two. The deal is part of a 100-day plan hashed out when Trump met Chinese President Xi Jinping in April. "Beef producers in North Dakota and the nation are thankful to the Trump administration for making restoration of US beef market access in China a priority".


NHS cyber attack aftermath likely to last a number of days

NHS cyber attack aftermath likely to last a number of days

A global cyberattack forced a European carmaker to halt some production lines, hit Russian computers with more than half of suspected infections, struck schools in China and hospitals in Indonesia, though it appeared to be dying down on Saturday.