Negotiators from Canada, Mexico and the United States will kick off an ambitious first round of trade talks Wednesday as the countries try to fast-track a deal to modernize the North American Free Trade Agreement by early next year. The key issues facing negotiators include: RULES OF ORIGIN: NAFTA says …
your ad hereBrazil Lawmakers Seek $1B in Taxpayer Money for Election Campaigns
Brazilian lawmakers facing a dearth of financing for their re-election campaigns next year proposed on Tuesday creating a fund of 3.6 billion reais ($1.1 billion) in taxpayer money to help their parties foot the bills. The Supreme Court banned corporate donations to campaigns in 2015, drastically reducing political fund-raising. On …
your ad hereTrump Orders Faster Permitting on Infrastructure Projects
U.S. President Donald Trump on Tuesday signed an executive order to speed approvals of permits for highways, bridges and other major building efforts as part of his proposal to spend $1 trillion to fix aging U.S. infrastructure. The text of Trump’s executive order was not immediately available. Earlier, sources said …
your ad hereDifficult Negotiations Ahead as NAFTA Talks Begin in Washington
The first round of negotiations between the US, Canada and Mexico begins this week on what President Donald Trump has called “the worst trade deal ever.” He blames the 2-decades-old North American Free Trade Agreement (NAFTA) for the loss of millions of manufacturing jobs in the US. Trump has vowed …
your ad hereChina: US ‘Baring of Fangs’ on Trade Will Hurt Both Sides
A decision by the United States to investigate China’s trade practices is a unilateralist “baring of fangs” that will hurt both sides, China’s state news agency Xinhua said Tuesday. U.S. President Donald Trump on Monday authorized an inquiry into China’s alleged theft of intellectual property that administration officials said could …
your ad hereNorway PM Doubles Down on Tax Cuts in Bid for Second Term
With four weeks to go before an election that is too close to call, Norway’s Conservative prime minister, Erna Solberg, pledged on Monday to cut taxes to boost growth and job creation if she was re-elected. In power as head of a minority coalition government since 2013, Solberg is attempting …
your ad hereCanada Suggests it Could Quit NAFTA Talks Over Dispute Mechanism
Canada laid down a tough line ahead of talks on modernizing NAFTA on Monday, suggesting it could walk away if the United States pushed to remove a key dispute-settlement mechanism in the trade deal. Foreign Minister Chrystia Freeland, giving the most substantive outline yet of Canada’s goals, said she was …
your ad hereEx-head of Mexico’s State Oil Company Denies Taking Bribes
The former head of Mexico’s state-owned oil company, a key campaign adviser to President Enrique Pena Nieto, has denied accusations that he took bribes from Brazilian construction company Odebrecht. Emilio Lozoya said Sunday via Twitter that he was never corrupt and suggested the allegations were made by executives seeking …
your ad hereThree CEOs Leave Trump Panel in Protest After Weekend Violence
The chief executives of Intel Corp, Merck & Co Inc and Under Armour Inc. resigned from U.S. President Donald Trump’s American Manufacturing Council on Monday, following Trump’s initially tepid response to weekend violence at a rally of white supremacists in Charlottesville, Virginia. “I resigned from the council to call attention …
your ad hereGuam’s Tourism Popularity Unhurt by North Korea Threats
Tourists haven’t been deterred from visiting the tropical island of Guam even though the U.S. territory has been the target of threats from North Korea during a week of angry words exchanged by Pyongyang and Washington. Chiho Tsuchiya of Japan heard the news, but she decided to come anyway with …
your ad hereTrump Orders China Trade Investigation
U.S. President Donald Trump ordered his trade office Monday to investigate whether China is stealing American intellectual property, but Beijing warned in advance that both countries would end up losers in a trade war. Trump took a break from his working vacation at his golf resort in New Jersey to …
your ad hereLift Off for Africa’s First Airport Brewery
There is a new addition to Africa’s busiest air transport hub, O.R. Tambo International Airport near Johannesburg: the continent’s first airport-based brewery. Airport Craft Brewers is a reflection of South Africa’s burgeoning independent beer sector, with growing numbers of beer drinkers not satisfied with industrial, mass-produced beverages. The hectic international …
your ad hereCash Crisis Exposes Rift Within Saudi-led Coalition in Yemen
Yemen’s Central Bank says the Saudi-led coalition is “strangling” the economy by preventing planes from flying in newly-minted cash, reflecting a struggling between the government and the United Arab Emirates, key members of the military alliance. Both are at war with the Shi’ite Houthi rebels, who control much of …
your ad hereChina Banning Coal, Iron, Seafood Imports From North Korea
China announced Monday it is banning imports of coal, iron ore, seafood and other products from North Korea in line with new United Nations sanctions approved earlier this month. Chinese leaders had pledged to fully enforce the sanctions, which China and the other members of the U.N. Security Council unanimously …
your ad hereChinese Newspaper Warns Trump Risks ‘Trade War’
A Chinese state newspaper warned Monday that President Donald Trump “could trigger a trade war” if he goes ahead with plans to launch an investigation into whether China is stealing U.S. technology. In a commentary by a researcher at a Commerce Ministry think tank, the China Daily said Trump’s possible …
your ad hereAre Immigrants Driving the Motor City?
Beside rows of rusting shipping containers, a decorative wrought iron fence surrounds Taquería Mi Pueblo, one of the first family-run Mexican restaurants in southwest Detroit, Michigan. Its owner, Jalisco-native José de Jesús López, surveys the trees he planted and his ornamental roosters. “Everything was abandoned, a dump over there,” he …
your ad hereBeleaguered Detroit Relying on Immigrants to Revitalize City
Detroit, Michigan, knows hardship and recovery. One of the hardest hit areas in the country during the Great Recession, the Midwestern Rust Belt city has since found an ingredient to its economic revitalization through empowerment of its immigrant communities. But not everyone is convinced that the solution is viable or …
your ad hereReport: Trump to Announce China Trade Practices Investigation
U.S. President Donald Trump will call Monday for his chief trade adviser to investigate China’s intellectual property practices, the website Politico reported, citing an unnamed administration official. Trump had been expected to order a so-called Section 301 investigation under the 1974 Trade Act earlier this month, but action had been …
your ad hereUS Stocks Post Gains Friday After Several Down Days
U.S. stock market indexes posted gains in Friday’s trading, a change in direction after several down days amid tensions between President Donald Trump and North Korea. In New York, the Standard & Poor’s 500 index and the Dow Jones industrial average each advanced about one-tenth of a percentage point, while …
your ad hereInterview: How North Korea Tensions Impact Stock Markets
Rising tensions between the United States and North Korea brought a wave of falling stock prices recently as worried investors moved money out of equities and into the perceived safety of gold, Swiss currency and similar products. At one point, this change of investment strategy cut $1 trillion from the …
your ad hereIsrael, Land of Milk and Honey – and Now Whiskey?
Israel has been known as the land of milk and honey since Biblical times – but the land of single malt whiskey? One appropriately named distillery is trying to turn Israel into a whiskey powerhouse. Smooth, honey-brown whiskey is not the first thing that comes to mind when most people …
your ad hereOil-state Senators Advise Against US Ban on Venezuela Oil
Four U.S. Senate Republicans from oil-refining states Thursday urged the Trump administration not to block oil shipments from Venezuela as part of U.S. sanctions against the country, saying it could raise costs for U.S. fuel consumers. The United States sanctioned President Nicolas Maduro and other Venezuelan officials after Maduro established …
your ad hereArctic Fjords Help Russia Combat Fish Shortage Problems
Arctic fjords that hid Soviet nuclear-powered submarines during the Cold War are now being used as a weapon in the sanctions war with Europe – to rear fish that Russia can no longer import. Three years ago, Russia banned food imports from the West in response to a series of …
your ad hereCooking Gas Shortages Force Venezuelans to Turn to Firewood
Venezuelan homemaker Carmen Rondon lives in the country with the world’s largest oil reserves, but has spent weeks cooking with firewood due to a chronic shortage of home cooking gas – leaving her hoarse from breathing smoke. Finding domestic gas cylinders has become increasingly difficult, a problem that oil industry …
your ad hereUS-Africa Trade Talks End With No Decision, Waning Enthusiasm
Talks between African and U.S. officials to review the African Growth and Opportunity Act (AGOA) free-trade deal ended Thursday with no decision and a feeling on all sides that it has achieved little since it was set up. President Donald Trump’s top trade negotiator, Robert E. Lighthizer, and other U.S. …
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