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By Kanishka Singh WASHINGTON (Reuters) -President Joe Biden’s administration is reviewing the removal of some tariffs on China and a possible pause on federal gas tax as the United States struggles to tackle soaring gasoline prices and inflation, two top officials said on Sunday. U.S. Treasury Secretary Janet Yellen said some tariffs on China inherited …

U.S. reviews China tariffs, possible pause on federal gas tax to curb inflation Read More »

BEIJING (Reuters) – China’s ruling Communist Party has issued rules to further rein in the business activities of the families of senior government officials, in the latest move to fight corruption, the official Xinhua news agency said on Sunday. Officials must report business activities of their spouses and children and those who fail to do …

China further reins in business activities of officials’ families Read More »

By Jamie Freed DOHA (Reuters) – Malaysia Airlines plans to announce a decision on replacing its fleet of 21 Airbus A330 widebodies with more fuel-efficient new-generation planes around mid- to late July, its chief executive said on Sunday. “We are in a late stage of the process. We are looking at one-to-one replacement on our …

Malaysia Airlines nearing decision on replacing 21 A330s – CEO Read More »

SYDNEY (Reuters) -A fire that ripped through a New South Wales power station on the weekend will not affect electricity supply, the Australian Energy Market Operator (AEMO) said on Sunday, ruling out a worsening of the energy crisis gripping the country’s east. Supply has been stretched since mid-May in the heavily populated east, with about …

Australian power station fire will not worsen energy crisis -market operator Read More »

REHOBOTH BEACH, Delaware (Reuters) – President Joe Biden said on Saturday he was in the process of making up his mind on easing U.S. tariffs on China and planned to speak with Chinese President Xi Jinping soon. (Reporting by Nandita Bose in Rehoboth Beach, Delaware, and Mike Stone in Washington; Editing by Daniel Wallis)

By Asif Shahzad ISLAMABAD (Reuters) – Pakistan is “one step away” from exiting a dirty money “grey list” after the global watchdog said an on-site visit could lead to the South Asian nation’s removal, the state minister for foreign affairs said on Saturday. The Financial Action Task Force (FATF) kept Pakistan on the list on …

Pakistan ‘one step away’ from exiting dirty money ‘grey list’ – minister Read More »

(Reuters) – China’s May gasoline exports fell 45.5% from a year earlier and diesel exports plunged 92.7% despite stalling domestic demand, as companies ran short of export quotas, Chinese customs data showed on Saturday. China exported 840,000 tonnes of gasoline last month, data from the General Administration of Customs showed, down from 1.55 million tonnes …

China’s May gasoline exports plunge, LNG imports slide Read More »