In Davos, Gulf Arabs Slam an Absent Iran

Gulf Arab officials used the World Economic Forum in Davos on Wednesday to slam Iran for what they said was its destabilizing behavior in the region, taking advantage of Tehran’s conspicuous absence at the annual event. Iranian Foreign Minister Mohammad Javad Zarif had been a regular presence at the annual forum that brings …

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Senate Confirms Powell as Next US Fed Chair

The Senate on Tuesday approved President Donald Trump’s selection of Jerome Powell to be the next chairman of the Federal Reserve beginning next month.   Senators voted 84-13 to confirm Powell to lead the nation’s central bank, a post that is considered the most powerful economic position in government.   …

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EU Mulls New Link Between Budget, Civic Rights

The EU’s justice commissioner is working on a proposal that could oblige member states such as Poland, which has clashed with Brussels over reforms to its courts, to pass tests on the independence of their judicial systems before receiving funding. Vera Jourova said there was agreement within the executive European …

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ILO: Global Unemployment Rate Stabilizing

The global unemployment rate is stabilizing after years in a slump due to a faltering economy, the International Labor Organization reports in “World Employment and Social Outlook: Trends 2018.” However, unemployment — which the ILO says stands at more than 192 million people globally — is expected remain persistently high …

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Puerto Rico Moves to Privatize Troubled Power Company

Puerto Rico’s governor announced Monday that he is moving to privatize the U.S. territory’s public power company after its slow, troubled recovery from Hurricane Maria focused new attention on longstanding accusations of mismanagement and corruption. Nearly 30 percent of customers on this island of 3 million people remain without power …

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Australia, Canada Trade Blows over Wine

Australia has filed a formal complaint with the World Trade Organization that accuses Canada of placing “discriminatory” rules on the sales of imported wine. Canada is Australia’s fourth-biggest wine market. Officials in Canberra say rules in Canada unfairly discriminate against overseas wine. An official protest has been lodged with the …

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