China and EU Reach Agreement on Textiles

After a long dispute, China and the European Union have finally come to an agreement regarding textile trade. China has said that it will set limits on exports of 10 types of textile products to the EU.

Gulf Coast Preps for Arlene Assault

Tropical storm Arlene, the first named storm of the season, makes its way toward the coastal areas of the Gulf of Mexico. The storm is expected to hit land in the early afternoon on Saturday.