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LA MALBAIE, Canada — Secretary of State Marco Rubio denied the U.S. was in a trade war Friday as he wrapped up his trip to a meeting of top diplomats from the Group of 7 industrialized democracies.“There’s not a trade war,” Rubio said. “The United States is resetting its trade relations globally to a level of equilibrium, to a level of reciprocity.”That comment was in direct conflict with Mélanie Joly, Canada’s foreign minister, who just hours earlier told reporters that the Trump administration “was engaging in a trade war against Canada” and European countries. On Thursday, President Donald Trump threatened…

(Bloomberg) — Corporate debt’s halcyon days are showing signs of fading, with trade wars damping what had been a relentless demand for credit. Most Read from Bloomberg “Cracks that appeared in the credit market last week culminated into a fracture this week,” Bank of America Corp. strategist Neha Khoda wrote in a note, adding that markets are now pricing in a recession. Tariffs are expected to dent the growth of the world economy and fears are growing that the policies will lead to stagflation in the US. Junk spreads there widened by the most in six months this past week,…

LAHORE: The ICC Wo­men’s World Cup Qual­ifier, featuring six teams including hosts Paki­stan, is set to be held here at the Gaddafi Stadium and the LCCA ground April 9-19, the International Cricket Co­u­ncil announced on Friday. The sixth edition of the Qualifier sees teams from Bangladesh, Ireland, Pak­istan and the West Indies compete with Scotland and Thailand in the 15-match league tournament that will decide the two qualifiers for the 2025 Women’s World Cup to be held later this year in India. Pakistan take on Ireland at the Gaddafi Stadium wh­ile the West Indies play Scotland at the Lahore City…

Washington CNN  —  Larry Fink, chief executive of BlackRock, the world’s largest asset manager, said Wednesday that the Trump administration’s barrage of policy changes is paralyzing American consumers and businesses — and that’s already hurting the economy. “The collective impact in the short run is that people are pausing, they’re pulling back,” Fink told CNN’s Kayla Tausche in an exclusive interview. “Talking to CEOs throughout the economy, I hear that the economy is weakening as we speak.” President Donald Trump on Wednesday forged ahead with his aggressive tariff agenda, imposing 25% duties on all steel and aluminum imports — which…

WASHINGTON, DC – OCTOBER 24: As the government lays of workers, what is the unemployment impact … [+] likely to be? (Photo by Win McNamee/Getty Images)Getty Images Job cuts are a little over 172,000 for February, according to the Challenger Report, which tracks announced layoffs. Government job losses are a about a third of the total. That’s the highest overall level of layoffs for February since the financial crisis in 2009, though job losses in January were more typical. Overall, February tracked job cuts are estimated to be double the prior year. Within that are 62,000 government layoffs. Government layoffs…

The STOXX Europe 600 index, which tracks hundreds of companies across 17 European countries, is up 7.7% so far this year. Germany’s DAX index has risen more than 15%, and the CAC 40 in Paris is up around 9%. Across the English Channel, London’s FTSE 100 is up 5.6%.The U.S.-based S&P 500, by contrast, has dropped more than 4.1% this year, and the Nasdaq Composite has lost more than 8%.NATO allies’ reinvigorated military plans have helped power the swings. Trump has repeatedly said he wants allies in the coalition to increase their defense spending to 5% of each member state’s…

(Bloomberg) — UK Prime Minister Keir Starmer said some 25 allied leaders agreed on Saturday to keep tightening restrictions on Russia’s economy in an effort to draw President Vladimir Putin to the negotiating table to secure a cease-fire in its war with Ukraine. Most Read from Bloomberg “The effects of the sanctions on the Russian economy have been pretty profound,” Starmer told reporters at a press conference in London. “We shouldn’t underestimate the impact they’ve already had and by doubling down and increasing sanctions, that will cause even more pressure.” Following a call with fellow leaders, Starmer said Western nations…

Image: Anna Moneymaker (Getty Images), Photo: Anna Moneymaker (Getty Images), Anna Moneymaker (Getty Images), Anna Rose Layden / Stringer (Getty Images), Michael M. Santiago (Getty Images), Alex Wong (Getty Images), Spencer Platt (Getty Images), Spencer Platt (Getty Images) President Donald Trump at the White House on March 7. – Image: Anna Moneymaker (Getty Images) Economists are sounding the alarm over the threat of a recession in the U.S. as uncertainty reigns over tariffs and the job market begins to feel pressure from layoffs. Read More President Donald Trump declined to deny the risk of a recession as markets plunge in…

Jennifer Gilkerson never imagined that her West Virginia farm’s freeze-dried fruits would get caught up in political fights in Washington, D.C. But last Friday, she learned that funding for a U.S. Agriculture Department program that helps schools and food banks buy products from local farmers like her had been cut. Without those federal dollars, Gilkerson no longer expects local schools to be able to buy her freeze-dried fruits, which she has already spent thousands of dollars preparing to produce.“We’re just in such a state of shock. We just don’t really even know how to respond to all this. We thought that…

PARIS: Bruno Fernandes netted a hat-trick as Manchester Uni­ted eased to a 4-1 win over Real Soci­edad to reach the Eur­opa League quarter-finals and Totte­nham Hotspur advanced after a 3-1 victory over AZ Alkmaar on Thursday. The second-tier tournament offers both Premier League clubs a chance for a trophy amid lacklustre domestic campaigns and get a welcome bonus of a spot in the Champions League next season. United will face Olympique Lyonnais in the last eight after the French side strolled to a 4-0 win over Steaua Bucharest, and Rangers overcame Fenerbahce 3-2 in a penalty shootout after a 3-3…