Croatia revoked on Thursday its decision to raise import fees on some farm products by 220 percent, avoiding a trade war with its Balkan neighbors who had threatened to hit back with counter-measures. European Union-member Croatia last month raised its fees for phytosanitary controls — agricultural checks for pests and …
your ad hereEEOC Finds Reasonable Cause Cargill Violated Rights of Somali-American Muslim Workers
The U.S. Equal Employment Opportunity Commission has determined there is reasonable cause that the civil rights of Somali-American Muslims were violated when agri-business giant Cargill refused to allow them to pray at a meatpacking plant it owns in the western state of Colorado. The finding was reached almost two years …
your ad hereEEOC Finds Reasonable Cause Cargill Violated the Rights of Somali-American Muslim Workers
The U.S. Equal Employment Opportunity Commission has determined there is reasonable cause that the civil rights of Somali-American Muslims were violated when agri-business giant Cargill refused to allow them to pray at a meatpacking plant it owns in the western state of Colorado. The finding was reached almost two years …
your ad hereReport: Mexican Official Says Migration, Security at Stake in NAFTA Talks
Mexico could pull back on cooperation in migration and security matters if the United States walks away from talks to renegotiate the North American Free Trade Agreement, the Mexican economy minister said in a newspaper report published on Thursday. Ildefonso Guajardo, who will take part in the first round of …
your ad hereClock Ticking to Avoid US Debt Default
U.S. lawmakers will have three weeks to raise America’s $20 trillion borrowing limit and avert a potential debt default when Congress gets back to work next month — the first such deadline to occur during the Trump administration. If recent history is a guide, raising the debt ceiling will be …
your ad hereEgypt Inflation Surges to 33 Percent After Fuel Subsidy Cuts
Egypt’s official statistics agency says the country’s inflation rate has jumped to 33 percent in July – up from 29.8 percent in June. The announcement comes as Egyptians struggle in the face of steep price hikes as part of the government’s economic reform plan. The Central Agency for Public …
your ad hereHard-pedaling Soft Power, China Helps Launch $13B Belt and Road Rail Project in Malaysia
China and Malaysia broke ground on Wednesday on a $13 billion rail project linking peninsular Malaysia’s east and west, the largest such project in the country and a major part of Beijing’s Belt and Road infrastructure push. The planned 688-km (430-mile) East Coast Rail Link will connect the South China …
your ad hereVenezuela Exchange Rate Fluctuation Sparks Price Surge
The extreme volatility of Venezuela’s exchange rate has the crisis-hit country’s shop owners hurriedly marking up their merchandise and consumers balking at the higher price tags. Just last week, the bolivar currency fell around 70 percent on the black market, according to DolarToday, the opaque U.S.-based website that dictates the …
your ad hereUS Oil Industry Pushes Back on Sanctions Against Venezuela
The Trump administration’s decision on Wednesday to slap sanctions on eight members of Venezuela’s all-powerful constitutional assembly brings to 30 the number of government loyalists targeted for human rights abuses and violations of democratic norms since anti-government protests began in April. But even as the list of targeted individuals grows …
your ad hereObservers: China’s New Base in Djibouti to Aid Economic Expansion in Africa
China’s new military and logistical base in Djibouti has put other foreign powers on edge, but observers believe China’s strategy in the region is more about economic growth than military might. After months of anticipation since announcing plans for its first foreign base, China opened what it calls a logistical …
your ad hereJordan Issues New Work Permits to Syrian Refugees
Jordan on Wednesday became the first Arab country to issue Syrian refugees with a new type of work permit that opens up the growing construction sector, the U.N. labor agency said. The International Labor Organization said work permits for refugees used to be tied to specific employers, who applied on …
your ad hereBrazil’s Development Bank Chief Counters Temer on Economy
The head of Brazil’s National Development Bank is publicly disputing President Michel Temer’s claim that Latin America’s largest economy is on the road to recovery. Paulo Rabello de Castro said Wednesday during a foreign trade summit in Rio de Janeiro that “things are not OK” with the economy and Brazil …
your ad hereHarsh Rhetoric Between North Korea and Trump Worries Investors
The exchange of threats and harsh rhetoric between North Korea and Donald Trump has rattled many investors. Stock prices fell in Asia, Europe and the United States, while demand rose for safe-haven investments like gold. Wednesday, key stock indexes in Hong Kong, Germany and France were down by one percent …
your ad hereIn Croatia, Harvesting Salt the Centuries-old Way
Dozens of glistening pools in a small village on Croatia’s Adriatic coast stand testament to its annual salt harvests from seawater, which use a method largely unchanged for centuries. The salt works facility in Ston, which says it is the oldest in Europe, consists of 58 pools and covers about …
your ad hereTesla Seeks $1.5B Junk Bond Issue to Fund Model 3 Production
Tesla said on Monday it would raise about $1.5 billion through its first-ever offering of junk bonds as the U.S. luxury electric carmaker seeks fresh sources of cash to ramp up production of its new Model 3 sedan. The move to issue junk bonds — lower-quality investments that offer higher …
your ad hereChina’s Ethnic Yi Struggle Against Poverty
For Jisi Lazuo, the torch festival in her village in southwest China should be a celebration involving colorful ethnic clothes and eating freshly slaughtered pig. Instead, it’s a time of stress. “In my heart I always get worried when the torch festival comes along,” said Jisi, 37, who supports a …
your ad hereKeystone XL Pipeline Fate in Balance as Nebraska Opens Hearings
Nebraska regulators opened a final hearing on TransCanada Corp’s proposed Keystone XL pipeline on Monday, a week-long proceeding that marks the last big hurdle for the long-delayed project after President Donald Trump approved it in March. The proposed 1,179-mile (1,897-km) pipeline linking Canada’s Alberta oil sands to U.S. refineries has …
your ad hereBalkan Trade War Brews Over Huge Croatian Import Fee Rise
The Balkans have become embroiled in a trade war over agricultural health checks after Croatia raised import fees on some farm products by around 220 percent, triggering countermeasures by Serbia and threats from others. Last month European Union-member Croatia raised its fees for phytosanitary controls — agricultural checks for pests …
your ad hereInterior Department Scraps Obama-era Rule on Coal Royalties
The Interior Department on Monday scrapped an Obama-era rule on coal royalties that mining companies had criticized as burdensome and costly. The Trump administration put the royalty valuation rule on hold in February after mining companies challenged it in federal court. Officials later announced plans to repeal the rule entirely. …
your ad hereTanzania, Uganda Launch Oil Pipeline Construction Project
The presidents of Tanzania and Uganda have laid the foundation stone for a crude oil pipeline project linking their two countries. The project materialized after Uganda abandoned an earlier plan to have the line go through Kenya to the port of Lamu. The pipeline is likely to bring big economic …
your ad hereKenya’s Herders Swap Livestock for Chilies as Drought Bites
At this time of year, Cherop Longiro and her husband are normally busy looking for grazing for their livestock. But their three cows died in the drought in March and they sold their 20 sheep, fearing they would meet the same fate. “We had two options: either take them to …
your ad hereIndian Mill Girl Sprints to New Life as Policewoman
Before the break of dawn, Muthulakshmi Mariappan slips out of her home and starts running. In the stillness of the morning, she gasps for breath but eggs herself on to run faster, take longer strides and ignore the thorns piercing her bare feet. For the 20-year-old spinning mill worker, running …
your ad hereCuba: Private Sector Freeze Will Not Last Years
The Cuban government said on Monday the freeze on new licenses for some private-sector occupations would not last years, in an attempt to reassure citizens worried about an apparent pause in the liberalization of the economy. Communist-run Cuba last week said it was suspending issuing licenses for popular activities like …
your ad herePoached Eels: US Strikes at Illegal Harvests as Value Grows
Changes in the worldwide fisheries industry have turned live baby American eels into a commodity that can fetch more than $2,000 a pound at the dock, but the big demand and big prices have spawned a black market that wildlife officials say is jeopardizing the species. Law enforcement authorities have …
your ad hereRIA: Moscow to Cut Dependence on US Payment Systems
Russia will speed up work on reducing dependency on U.S. payment systems and the dollar as a settling currency, RIA news agency cited Deputy Foreign Minister Sergei Ryabkov as saying on Monday. It is a response to the new sanctions against Russia reluctantly signed into law last week by U.S. …
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