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Trade tensions 'principal threat' to world economy: IMF chief

The head of the International Monetary Fund warned Sunday that global trade tensions posed the "principal threat" to the world economic outlook and U.S.-China tariffs could make a "significant dent" in any recovery. "The principal threat stems from continuing trade tensions," said Christine...

Ford to close Wales engine plant in 2020: union

Ford will close its engine plant in Bridgend, south Wales, by September 2020, a trade union said on Thursday, putting 1,700 jobs at risk in the latest blow to Britain’s car industry. Ford is making cuts in several markets to turn around loss-making operations and has also repeatedly...