Peru’s president has acknowledged that he did “earn some money” from scandal-plagued Brazilian builder Odebrecht when his consulting business received payments from the builder more than 10 years ago In a televised interview Sunday, Pedro Pablo Kuczynski characterized the payments as simply “dividends,” the result of business and investments the …
your ad hereBitcoin Futures Begin Trading on CME, Price Declines
Another security based on the price of bitcoin, the digital currency that has soared in value and volatility this year, began trading on the Chicago Mercantile Exchange on Sunday. The CME Group, which owns the exchange, opened up bitcoin futures for trading at 6 p.m. EST on Sunday. The futures …
your ad hereStake in Vietnam’s Top Brewer for Sale, But Bids Few
Vietnam is set to auction up to a $5 billion stake in top brewer Sabeco on Monday, with Thai Beverage the only potential bidder to have expressed interest in a majority stake. The keenly anticipated sale of the state-owned maker of Bia Saigon gained momentum in recent months after being …
your ad hereTrump Sells Republican Tax Bill to Job Seekers, Middle Class
U.S. President Donald Trump continued to tout the Republican tax bill Saturday, saying “everybody’s going to benefit” if it is signed into law. “But I think the greatest benefit is going to be for jobs and for the middle class, middle income,” Trump said to reporters on the White House …
your ad hereBritain Seeks ‘Bespoke’ EU Trade Deal, Pact With China
British Finance Minister Philip Hammond said Saturday it is likely Britain will want to negotiate a bespoke arrangement for a future trade deal with the European Union, rather than copying existing arrangements like the Canada-EU deal. The European Union agreed Friday to move Brexit talks onto trade and a transition …
your ad hereHuge Tax Bill Heads for Passage as GOP Senators Fall in Line
After weeks of quarrels and qualms and then 11th-hour horse-trading, Republicans revealed their huge national tax rewrite late Friday, along with announcements of support that all but guarantee approval next week. The legislation would slash tax rates for big business and lower levies on the richest Americans in a massive $1.5 …
your ad herePowerful CEOs Demand DACA Fix
Two titans of U.S. business have come together to demand that Congress find an immediate solution for DACA recipients, whose legal immigration status will come to an end in March without intervention. Charles Koch, chairman and chief executive of Koch Industries, and Tim Cook, chief executive of Apple, wrote in …
your ad hereFish Farming Project Helps CAR Refugees Feed Themselves
The United Nations says humanitarian needs in refugee camps in Cameroon are increasing, exceeding the means available to take care of the growing number of refugees. But some of the refugees have empowered themselves by making use of resources around them to earn a living for their families. At Gado …
your ad hereGreek Unions Strike as Bailouts to End With Austerity Blitz
Greece’s workers walked off the job for a 24-hour general strike Thursday, as the country prepares to stop relying on European rescue loans but continues to pile more austerity measures on hard-hit taxpayers. The strike halted ferry services to the islands, closed state schools, and left public hospitals accepting …
your ad hereDecade Since Recession: Thriving Cities Leave Others Behind
As the nation’s economy was still reeling from the body blow of the Great Recession, Seattle’s was about to take off. In 2010, Amazon opened a headquarters in the little-known South Lake Union district — and then expanded eight-fold over the next seven years to fill 36 buildings. Everywhere you look, …
your ad hereDisney to Buy Fox Film, TV Businesses for $52 Billion
Walt Disney Co on Thursday agreed to buy film, TV and international assets from Rupert Murdoch’s Twenty-First Century Fox Inc for $52.4 billion as Disney seeks greater scale to tackle growing competition from Netflix and Amazon.com. Under the terms of the all-stock deal, Disney acquires significant assets from Fox, including …
your ad hereBrexit Talks Due to Get Green Light to Move on to Trade
The European Union’s leaders are due to say Friday that the Brexit talks with Britain can move on to the next phase to include the key topic of trade, according to a draft statement seen by The Associated Press. The progress comes after the sides reached a deal on …
your ad hereUS Central Bank Raises Interest Rate Slightly
The U.S. central bank raised its key interest rate slightly Wednesday, but left the level low enough to continue stimulating economic growth. The Federal Reserve pushed up rates a quarter of a percent to a range between 1.25 and 1.5 percent. The increase leaves the benchmark rate below historic averages. …
your ad hereSweet Victory: French Candymakers Win China Legal War
Revenge is sweet for the makers of France’s traditional “calisson” candies, who have won a months-long legal battle with a businessman who trademarked the product’s name in China. The lozenge-shaped sweets, made of a mixture of candied fruit and ground almonds topped with icing, are widely enjoyed in France’s southern …
your ad hereTanzania Orders Tighter Controls on Currency, Bank Crackdown as Growth Slows
Tanzanian president John Magufuli ordered the central bank on Wednesday to tighten controls on the movement of hard currency and take swift action against failing banks in a bid to tackle financial crimes and protect the local shilling currency. The move comes as the International Monetary Fund (IMF) called on …
your ad hereUS, EU, Japan Slam Market Distortion in Swipe at China
The United States, European Union and Japan vowed Tuesday to work together to fight market-distorting trade practices and policies that have fueled excess production capacity, naming several key features of China’s economic system. In a joint statement that did not single out China or any other country, the three economic …
your ad hereAfreximbank Pledges Up to $1.5B to Post-Mugabe Zimbabwe
The African Export and Import Bank has pledged up to $1.5 billion in new loans and financial guarantees to Zimbabwe in a major boost for new President Emmerson Mnangagwa’s government, the bank’s president and chairman said Tuesday. Mnangagwa, who took over last month after veteran autocrat Robert Mugabe quit following …
your ad hereFilipino Houses From Debris, Californian Fruit Pickers’ Homes Win Major Award
A project in the Philippines that used debris to rebuild typhoon-ravaged houses and Californian homes providing year-round housing for migrant workers won one of the world’s most prestigious housing awards on Tuesday. The development charity CARE used innovative techniques, such as teaching building skills to residents and using wreckage from …
your ad hereSmaller Farms Can Cope Better With Climate Change in India, Say Analysts
India’s small farmers are better equipped than large landowners to deal with climate change, but need more support to find innovative ways to minimize the impacts of higher temperatures, uneven rainfall, floods and droughts, analysts said. About 60 percent of India’s population of 1.3 billion depends on agriculture for a …
your ad hereWaiting for Congress, Mnuchin Makes 2nd Emergency Debt Move
Treasury Secretary Steven Mnuchin said Monday he is making a second emergency move to keep the government from going above the debt limit while awaiting congressional action to raise the threshold. In a letter to congressional leaders, Mnuchin said he will not be able to fully invest in a …
your ad hereUS High Court Turns Away Dispute Over Gay Worker Protections
The U.S. Supreme Court on Monday refused to hear an appeal by a Georgia security guard who said she was harassed and forced from her job because she is a lesbian, avoiding an opportunity to decide whether a federal law that bans gender-based bias also outlaws discrimination based on sexual …
your ad hereEU-Mercosur Talks Hit Snags, Announcement Could Be Delayed
Free-trade talks between the European Union and South American trade bloc Mercosur still face hurdles over beef and ethanol, and an expected deal announcement this week might not happen, officials involved in negotiations said on Monday. Mercosur diplomats involved in the talks on the sidelines of the World Trade Organization …
your ad hereTop EU Economic Powers Warn US About Tax Plans
The European Union’s top five economies are warning the United States that its massive tax overhaul could violate some of its international obligations and risks having “a major distortive impact” on trade. In a letter to U.S. Secretary of the Treasury Steven Mnuchin, the finance ministers of Germany, France, Britain, …
your ad hereChef Batali Exits Company, TV Show After Sex Harassment Accusations
Celebrity chef Mario Batali said on Monday that he has stepped away from his restaurant company and ABC said it asked him to step aside as co-host of a daytime food and talk show after he was accused of sexual harassment in a report by an online food trade publication. …
your ad hereUS Trade Chief: WTO Losing Focus, Must Rethink Development
U.S. President Donald Trump’s trade chief said on Monday that the World Trade Organization is losing its focus on trade negotiations in favor of litigation and needed to rethink how it defines developing economies. Setting a combative tone at the start of the WTO’s 11th ministerial meeting in Buenos Aires, …
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