Bank of England Governor Andrew Bailey urged the United States on Wednesday to settle its concerns about the global economy through dialogue rather than the kind of import tariffs that U.S. President Donald Trump has imposed this week.

Ex-central banker to take over from Justin Trudeau, who is stepping down after more than nine years in power Former central banker Mark Carney will become Canada's next prime minister after the governing Liberal Party elected him its leader Sunday as the country deals with US President Donald Trump's trade war and annexation threat,

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U.S. stocks stabilized somewhat after the February employment report on Friday showed a pick up in jobs and Federal Reserve Chair Jerome Powell said the economy was holding up so far. But jobs numbers did little to dispel fears of a softening labor market, and Powell merely reaffirmed that the Fed will be on hold for the foreseeable future.