Fri. PM KTFA News Articles 10-18-19

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Samson » October 18th, 2019

The next G7 summit will be held at the Trump Golf Resort in Florida

2019/10/17 22:44

US President Donald Trump will host the upcoming economic summit of G7 leaders next year at one of his property properties, the Trump National Doral Golf Resort near Miami, a White House official said on Thursday.

Trump will not profit from the use of the drug (sp), he said, defending the decision, which comes as the president faces constant criticism and congressional investigations into his finances and a potential conflict of interest. Mulvani told reporters that the summit would be held at Doral from June 10 to 12, 2020, and that the administration had chosen the Trump resort after initially studying about a dozen possible locations in several other US states.

The official added: "Doral is the best facility for this meeting, it seems as if they built this facility to host this event," explaining that the use of the Trump site to host the summit of the Group of Seven will save millions of dollars because it is cheaper than other potential sites. Trump says he is not involved in running the day-to-day operations of his own company and that his sons are running the business. LINK

The European Union approves the appointment of Christine Lagarde as head of the central bank

18th October, 2019

European Union leaders on Friday approved the appointment of Christine Lagarde, former head of the International Monetary Fund, as president of the European Central Bank

Lagarde is set to take over from Mario Draghi from November 1

The decision to appoint Lagarde as president of the European Central Bank (ECB) for eight years is non-renewable, after European leaders nominated her for the post. on July 2

Lagarde, France's former finance minister, served as director of the International Monetary Fund (IMF) in 2011 before being elected to the presidency of the European Central Bank LINK

China's economy is growing at the slowest pace since 1992

18th October, 2019

China's economy continued to slow during the third quarter of this year, and recorded the slowest pace growth in 27 and a half years, as the trade war with the United States is still putting pressure on the world's second largest economy

China's gross domestic product (GDP) rose nearly 6 percent year-on-year in the July-September period, the lowest level since the first quarter of 1992 and 6.2 percent in the second quarter, data from the National Statistics Authority showed on Friday

Analysts had expected economic growth within the world's second-largest economy to hit 6.1 percent in the third quarter of 2019

China aims to record economic growth this year at 6 percent to 6.5 percent

Construction activity growth slowed to 4.7 percent in the three months to September, year on year, from 5.5 percent in the second quarter

China's industrial production increased by 5.8 percent in September, against expectations of a 5 percent rise, the data showed

Retail sales rose 8.2 percent in the first three quarters of 2019, while rising by 7.8 percent last month alone

Fixed asset investment from January to September rose 5.4 percent, the same as analysts had expected

By 6:25 am GMT, the yuan was steady against the dollar at 7.0794 yuan LINK

Source: Dinar Recaps
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