Bloomberg The Trump administration is again seeking severe cuts to the US Energy Department division charged with renewable energy and energy efficiency research, according to a department official familiar with the plan. The official, who spoke on the condition of anonymity, said the Office of Energy Efficiency and Renewable Energy would see its $2.3 billion budget slashed by about 70 ...

Bloomberg China and the US have reached consensus on many “crucial” issues and have discussed the need to observe the “autonomy” of each other’s monetary policy, People’s Bank of China (PBOC) Governor Yi Gang said. “The two sides discussed issues surrounding the yuan including the need to abide by previous commitments made by Group of 20 nations not to engage ...

Bloomberg Pakistan will soon get a $2 billion loan from the United Arab Emirates (UAE) as part of a package that will help boost its dwindling finances. The South Asian nation already received $1 billion in January in the first tranche of a $3 billion agreement between the Abu Dhabi Fund for Development (ADFD) and the State Bank of Pakistan, ...