Continuing its focus on curbing government regulations, a Republican-led House is seeking to overturn a rule that would let consumers band together to sue their banks or credit card companies rather than use an arbitrator to resolve a dispute. The Consumer Financial Protection Bureau finalized the rule just two weeks …
your ad hereGreece Prepares for End of Bailout Era With Comeback Bond
Greece successfully sold debt to private investors for the first time in three years Tuesday, taking a significant first step toward financial independence when its third international bailout ends next year. The deal came a month after eurozone finance ministers signed off on a new loan and sketched out measures …
your ad hereRecords: EPA Chief Jets Away for Weekends on Taxpayer’s Dime
Records show the head of the Environmental Protection Agency spent weekends in his home state during his first three months in office, frequently flying to and from Oklahoma at taxpayer’s expense. EPA Administrator Scott Pruitt’s expense reports from March, April and May were released following a Freedom of Information request …
your ad hereAnalysts: US Could Impose Steel Tariffs After Weak Trade Talks
Following a lack of agreement at the U.S. China Comprehensive Economic Dialogue in Washington last week, analysts say they expect the Trump administration to impose stiff penalties on Chinese steel and other imports. They are also predicting the U.S. might go a step further and start questioning some of the …
your ad hereYoung African Entrepreneur Develops Rival to YouTube
A Ghanaian teenager wanted to develop a video search engine that could challenge the dominance of YouTube. As Faith Lapidus reports, he’s well on his way. …
your ad hereFrom Rented Jeans to Reused Cooking Oil, Businesses are Going ‘Circular’
From recycled paint to rented jeans, businesses large and small are looking at ways to cut waste, use fewer resources and help create what has been coined a “circular economy” in which raw materials and products are repeatedly reused. Unilever, Renault, Google and Nike are some of the companies starting …
your ad hereGlobal Use of Trade Restrictions Slows, WTO Says
More steps to free up trade globally have been taken since Donald Trump was elected than measures to restrict it, the World Trade Organization said, despite concerns his administration would introduce a raft of punitive rules to protect U.S. jobs. The WTO’s global monitoring report, debated at a trade policy …
your ad hereThailand Freezes Former PM Yingluck’s Bank Accounts in Rice Subsidy Case
Thailand’s justice ministry froze some of former Prime Minister Yingluck Shinawatra’s bank accounts, the ministry and her legal team said on Monday, in relation to a $1 billion fine imposed by the ruling junta over her administration’s rice-subsidy program. She has filed a court petition to revoke the freezing of …
your ad hereBrazil Plans Federal Workers’ Buyout to Cut Deficit
Brazil’s cash-strapped government is drawing up a voluntary redundancy plan for federal civil servants aimed at reducing its bloated payroll and saving about 1 billion reais ($318 million) a year, the Planning Ministry said on Monday. It will also offer public employees a shorter workday in the latest effort to …
your ad hereRepublicans in US House Push for Congressional Budget Office Cuts
Conservative Republicans in the U.S. House of Representatives are seeking to add an amendment this week to spending legislation that would slash the number of staff at the nonpartisan Congressional Budget Office. The budget research office, known as the CBO, has drawn recent Republican criticism, including from the White House, …
your ad hereIMF Warms to Eurozone Economy Amid Lower Political Risks
The International Monetary Fund is more optimistic about the economy of the 19-country eurozone after a run of elections saw populist politicians defeated and risks to its outlook abated. In an update to its April projections published Monday, the IMF revised up its growth forecasts for many eurozone countries, …
your ad hereHijab Goes Mainstream as Advertisers Target Muslim Money
The hijab — one of the most visible signs of Islamic culture — is going mainstream with advertisers, media giants and fashion firms promoting images of the traditional headscarf in ever more ways. Last week, Apple previewed 12 new emoji characters to be launched later this year, one of a …
your ad hereLayoffs Occur at Carrier Plant Outlined in Trump Deal
The U.S. Carrier factory where President Donald Trump says he saved 800 jobs from moving to Mexico notified 300 people last week that they were being laid off. The layoff notices began Thursday, exactly six months since Trump took office. The layoffs are part of a deal Trump made with …
your ad hereBritain Goes for Front of the Line in US Trade Talks
The United States and Britain launched preliminary talks Monday in Washington on a trade deal that will set up a new trade relationship between the two countries, after Britain’s exit from the European Union. Britain hopes removing barriers under its current EU arrangement will boost trade with the United States …
your ad hereDivided UK, Inconclusive Election Could Put Brakes on Brexit
Lucy Harris thinks Britain’s decision to leave the European Union is a dream come true. Nick Hopkinson thinks it’s a nightmare. The two Britons — a “leave” supporter and a “remainer” — represent the great divide in a country that stepped into the unknown just over a year ago, when British voters …
your ad hereMadrid Asks Antitrust Watchdog to Look at Uber
Authorities in Madrid asked Spain’s anti-trust watchdog on Saturday to investigate whether Uber’s new low-cost airport transfer service constitutes unfair competition. The city council’s request follows the ride-hailing app’s return to the Spanish capital last year after the CNMC competition regulator called for the government to lift a ban on …
your ad hereIndia Cracks Down on Cigarette Ads, Giveaways
The state government in India’s capital told Philip Morris International Inc and other tobacco companies Saturday to remove all advertisements from tobacco shops in the city, warning them of legal action if they do not comply. The order, sent by Delhi state’s chief tobacco control officer S. K. Arora, comes …
your ad hereAustralian Death May Be 18th Linked to Takata Air Bags
An Australian man who died in a Sydney car crash may be the 18th death linked to faulty Takata air bags, after police said he was killed when hit in the neck by shrapnel from an air bag. Police did not say the air bag in the Honda CR-V was …
your ad hereDespite Trump’s Intervention, Job Security Still Elusive for Indiana Carrier Employees
The Carrier manufacturing facility in Indianapolis, Indiana, owned by United Technologies Company, was in the limelight during the 2016 presidential election when then-candidate Donald Trump criticized UTC’s announcement it was moving jobs from the facility to Mexico. While Trump’s postelection negotiations, including tax incentives, encouraged Carrier to remain in Indianapolis, …
your ad hereTrump to Sign Order Authorizing Review of Manufacturing Sector
President Donald Trump was expected to sign an executive order Friday authorizing a comprehensive review of the U.S. manufacturing sector to help ensure the security of the nation, according to White House officials. White House National Trade Council Director Peter Navarro told reporters Friday industrial supply chains will also be …
your ad hereTrump Properties Seek Foreign Workers for Winter Season
Businesses owned by U.S. President Donald Trump have filed requests for visas with the Department of Labor to hire dozens of temporary foreign workers. The news of the requests comes during the White House’s “Made in America Week,” urging American companies to hire American workers, a central theme of Trump’s …
your ad hereSlowdown in Energy Investment Could Come Back to Hurt Oil Producers
An international energy watchdog warns that the decline in global investment in the oil sector could lead to energy shortages when prices start to rebound. The International Energy Agency says energy investments have declined 20 percent in the past three years as oil profits fell. One analyst tells VOA that …
your ad herePeru Government Fires Special Attorney on Odebrecht Graft Probe
The government of Peru’s President Pedro Pablo Kuczynski said on Thursday that it was firing its special counsel in a corruption probe of Brazilian builder Odebrecht, sparking accusations of interference. Justice Minister Marisol Perez said she dismissed special attorney Katherine Ampuero for blocking Odebrecht’s sale of its irrigation company Olmos. …
your ad hereUS Piano Sellers Change Their Tune to Stay in the Money
A dramatic illustration of the economics of pianos can be found in Dean Petrich’s workshop and piano sheds. Petrich is a longtime piano tuner based on Whidbey Island, Washington. So many upright pianos of all ages and conditions are packed in so tightly in multiple sheds, Petrich has trouble counting …
your ad hereUS Announces Seizure of Dark Net Marketplace AlphaBay
U.S. law enforcement officials say they have shut down AlphaBay, the largest online marketplace for the sale of drugs, weapons, fraudulent and stolen ID’s and other illicit products. Attorney General Jeff Sessions on Thursday described AlphaBay’s closure as “the largest dark net marketplace takedown in history.“ AlphaBay’s seizure came as …
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