President Donald Trump and Chinese Vice Premier Liu He signed phase one of a hard-fought trade deal Wednesday, capping a bitter 18-month battle between the world’s two largest economies that has roiled markets and slowed economic growth worldwide. “President Trump has shown us that tough negotiation as the means to the end works,” said Larry Kudlow, the White House senior economic adviser.
Russia’s government has resigned to allow President Vladimir Putin to make sweeping constitutional changes which could allow him to remain in power after his current term. Prime Minister Dmitry Medvedev quit hours after Mr Putin proposed a reform of powers of parliament and the cabinet. The Kremlin says President Putin has named tax chief Mikhail Mishustin, 53, as Russia’s new prime minister.
The 10 years to the end of 2019 have been confirmed as the warmest decade on record by three global agencies. According to Nasa, Noaa and the UK Met Office, last year was the second warmest in a record dating back to 1850. The past five years were the hottest in the 170-year series, with the average of each one more than 1C warmer than pre-industrial.
The House of Representatives transmitted articles of impeachment against Donald Trump to the Senate on Wednesday, setting in motion a trial that could unearth damaging new evidence of misconduct by Trump as the 2020 presidential contest heats up. The House approved a resolution to transmit two articles of impeachment on a mostly party-line vote of 228-193, hewing closely to the tally by which the articles were approved last month.
Amazon founder and chief executive Jeff Bezos said on Wednesday from New Delhi that his e-commerce behemoth will invest $1 billion to bring small and medium businesses in India online. He also pledged that his company will export $10 billion worth of “Made In India” goods by 2025. The news—which was announced during Amazon Smbhav, a two-day summit aimed at bringing business owners together—was met with applause.