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Washing machine parts move along a conveyor belt waiting to be assembled at a Whirlpool plant in Clyde, Ohio, U.S. October 3, 2017. Picture taken October 3, 2017. REUTERS/Aaron Josefczyk

Trump levies steep tariffs on washers, solar panels

President Donald Trump slapped steep tariffs on imported washing machines and solar panels, giving a boost to American manufacturers like Whirlpool, while dealing a setback to the renewable energy industry in the first of several potential trade restrictions.

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As Singapore ages, low tax model creaks

Beneath its modern and glitzy exterior, Singapore is aging. For the first time in its short history, the Southeast Asian nation is expected to have as many people aged 65 and older as under 15 this year, a demographic crux that challenges the low-tax economic model that helped transform Singapore from port town to financial hub in a matter of decades.

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Exclusive: Claire's Stores hires Lazard to address debt issues

U.S. girls' accessories retailer Claire's Stores Inc has hired investment bank Lazard Ltd to advise it on ways to address its debt burden, it told Reuters on Monday, as several brick-and-mortar store operators suffer from a drop in mall traffic.

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