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Trump says U.S. is having tremendous success with China on trade

U.S. President Donald Trump talks to reporters as he departs for a visit to the U.S. southern border area in Texas from the White House in Washington, U.S., January 10, 2019. REUTERS/Carlos BarriaWASHINGTON (Reuters) - President Donald Trump said on Thursday the United States was having tremendous success in its trade negotiations with China, a day after U.S. and Chinese officials concluded three days of talks in Beijing. The meetings in China were the first face-to-face talks since Trump and Chinese President Xi Jinping met in Buenos Aires in December and agreed a 90-day truce in a trade war that has disrupted the flow of hundreds of…

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China vice president urges dialogue for stable China-U.S. ties: Xinhua

Chinese Vice President Wang Qishan gives a toast during an event commemorating the 40th anniversary of the establishment of diplomatic relations between the United States and China at the Great Hall of the People in Beijing, Thursday, Jan. 10, 2019. Mark Schiefelbein/Pool via REUTERS(Reuters) - China’s Vice President Wang Qishan urged for dialogue and consultations for healthy and stable bilateral relations between the country and the United States, China’s Xinhua news agency reported on Thursday. Qishan said the two countries should respect each other’s sovereignty, security and development interests and properly handle and control differences, according to the Xinhua report. His remarks came during a reception marking…

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President Maduro to start new term as Venezuela isolation grows

CARACAS (Reuters) - Venezuelan President Nicolas Maduro begins a second term in office on Thursday, shrugging off international criticism that his reelection last year was illegitimate but facing further isolation as an economic crisis fuels a humanitarian emergency. Venezuela's President Nicolas Maduro gestures while he speaks during a news conference at Miraflores Palace in Caracas, Venezuela January 9, 2019. REUTERS/Manaure QuinteroLeaders from the ruling Socialist Party have disavowed criticism of Maduro’s inauguration, which will keep him at the helm of the OPEC member until 2025, and called for rallies in his support. Opposition leaders, however, have portrayed the inauguration as the moment at which Maduro will be…

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Venezuela’s Maduro sworn in to a second term in office

Venezuela's President Nicolas Maduro salutes while he speaks during a news conference at Miraflores Palace in Caracas, Venezuela January 9, 2019. REUTERS/Manaure QuinteroCARACAS (Reuters) - Venezuelan President Nicolas Maduro was sworn into a new term in office on Thursday by the nation’s Supreme Court, shrugging off global criticism that his leadership is illegitimate due to a last year’s disputed election. Reporting by Brian EllsworthOur Standards:The Thomson Reuters Trust Principles.

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U.S. weekly jobless claims showcase economy’s strength

WASHINGTON (Reuters) - The number of Americans filing applications for jobless benefits fell more than expected last week, pointing to sustained labor market strength that could further assuage concerns about the economy’s health. FILE PHOTO: People wait in line to attend TechFair LA, a technology job fair, in Los Angeles, California, U.S., January 26, 2017. REUTERS/Lucy Nicholson/File Photo The report from the Labor Department on Thursday followed data last week showing employers hired the most workers in 10 months in December and increased wages. Surveys showing steep declines in consumer and manufacturing activity in December had stoked fears that the economy was rapidly losing momentum against the…

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Headed for border, Trump warns of possible emergency declaration

WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday reiterated that he may declare a national emergency if Congress does not meet his demand for billions of dollars to construct a wall along the U.S.-Mexico frontier. U.S. President Donald Trump talks to reporters as he departs for a visit to the U.S. southern border area in Texas from the White House in Washington, U.S., January 10, 2019. REUTERS/Carlos BarriaTrump was headed to McAllen, Texas, on the Mexican border in an attempt to win support for his wall a day after another acrimonious meeting with Democrats on funding for the barrier. A quarter of the federal government was…

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Wall Street drops after four-day rally as retailers, trade talks disappoint

(Reuters) - U.S. stocks looked set to snap a four-day rally on Thursday as disappointing holiday-season results from Macy’s hammered retail stocks and no clear signs of a resolution emerged from U.S.-Chinese trade talks. FILE PHOTO: A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 8, 2019. REUTERS/Brendan McDermidDespite the S&P 500's .SPX 0.60 percent retreat, the benchmark index is holding near three-week highs and is 9.2 percent above the 20-month low it hit around Christmas, thanks to the recent rally that was driven by strong U.S. jobs data, easing fears of higher interest rates and rising hopes…

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Trump will cancel planned Davos trip if shutdown continues

FILE PHOTO: U.S. President Donald Trump delivers a televised address to the nation from his desk in the Oval Office about immigration and the southern U.S. border on the 18th day of a partial government shutdown at the White House in Washington, U.S., January 8, 2019. REUTERS/Carlos BarriaWASHINGTON (Reuters) - U.S. President Donald Trump said on Thursday he is still scheduled to attend the World Economic Forum in Davos, Switzerland later this month but will not go if the partial shutdown of the federal government continues. “I intended to go and speak in front of the world financial community in Davos. That’s still on, but if the shutdown…

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Former U.S. Marine held for spying had Russian contacts with military backgrounds

MOSCOW (Reuters) - Paul Whelan, the former U.S. Marine held in Moscow on spying charges, had online contact with more than 20 Russians with military backgrounds, an analysis of social media shows. Paul Whelan, a U.S. citizen detained in Russia for suspected spying, appears in a photo provided by the Whelan family on January 1, 2019. Courtesy Whelan Family/Handout via REUTERS Russian men with military education or a history of military service make up nearly half of Whelan’s more than 50 friends on VK, a popular Russian social network that resembles Facebook, the analysis by Reuters shows. At least 12 of his friends received military education in…

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Jaguar Land Rover to slash UK jobs after China, diesel drop

LONDON (Reuters) - Jaguar Land Rover (JLR) will cut 10 percent of its workforce, mostly in its home market, as Britain’s biggest carmaker faces lower Chinese demand and a slump in European diesel sales. JLR, based in central England, will cut some 4,500 out of 42,500 jobs, targeting managerial roles rather than production-line workers as it battles to return to profitability. Owned by India’s Tata Motors, JLR also said it will build electric drive units at its Wolverhampton engine plant and create a new battery assembly center in Hams Hall, near Birmingham, as it develops a greener vehicle range. JLR builds a higher proportion of its cars…

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