Radio Flyer is rolling its largest “little” red wagon into its hometown of Chicago in celebration of the company’s 100-year anniversary. Radio Flyer’s gargantuan wagon was the centerpiece for the company’s anniversary event Thursday in the city’s downtown area, the Chicago Tribune reported. The wagon was created 20 years ago …
your ad hereGaza’s Electricity Shortage at Crisis Level
The electricity supply to Gaza’s 2 million residents has dropped to unprecedented lows, with blackouts lasting for more than 24 hours, the territory’s power distribution company said Thursday, prompting fears of a humanitarian and environmental crisis. The Palestinian enclave needs at least 400 megawatts of power a day, but only …
your ad hereVenezuela Oil Exports to Cuba Drop, Energy Shortages Worsen
Venezuela’s crude and fuel deliveries to Cuba have slid almost 13 percent in the first half this year, according to documents from state-run oil company PDVSA viewed by Reuters, threatening to worsen gasoline and power shortages in the communist-run island. Cuba’s government since 2016 has reduced fuel allocations 28 percent …
your ad hereUN Experts Tell Peru to Halt Oil Talks Until Pollution Remedied
United Nations human rights experts on Thursday called on Peru to suspend negotiations on a new contract for a large oilfield in the Amazon until past pollution was cleaned up and the rights of indigenous groups respected. Canada’s Frontera Energy Corporation now operates Block 192 in the Peruvian Amazon and …
your ad hereFederal Reserve Chief Calls Risks of Inflation ‘Two-sided’
Federal Reserve Chair Janet Yellen on Thursday said she believed the risks concerning inflation are “two-sided,” stressing that price gains could both accelerate or slow down. Testifying for the second day before Congress, Yellen sought to expand on remarks she had made Wednesday before the House Financial Services Committee …
your ad herePoverty in Italy at Worst for Over a Decade in Blow for Ruling Party
The number of people living in poverty in Italy climbed to its highest level for more than a decade in 2016 despite a modest economic recovery, data showed on Thursday, in a report that could hurt the ruling Democratic Party (PD). Those living in “absolute poverty” rose to 4.74 million …
your ad hereUS, Mexico Eye Closer Energy Ties as NAFTA Talks Loom
The U.S. and Mexico are looking to boost energy ties as the two countries ready for a renegotiation of the North American Free Trade Agreement. U.S. Energy Secretary Rick Perry visited Mexico on Thursday to meet with his counterpart, Pedro Joaquin Coldwell. Perry called Mexico “a very, very important partner” …
your ad hereEthiopians Race to Leave Saudi Arabia as Mass Deportations Loom
Thousands of Ethiopians in Saudi Arabia are in a state of limbo as they try to return home after being ordered to leave the Gulf state. On March 29, Saudi Arabia launched a campaign it dubbed “Nation Without Violations,” giving all foreign immigrants living there illegally 90 days to leave …
your ad hereTale of Two Factories: Hope, Anguish Ahead of Trump’s Steel Tariff Call
The blast furnaces and slab casters at United States Steel’s Granite City Works have been idle for 18 months, and laid-off workers here are pinning their hopes on President Donald Trump imposing broad new restrictions on imported steel. Yet just across the Mississippi River, some manufacturers worry that new tariffs …
your ad hereChina Posts Double-digit Trade Increase with N. Korea in First Half of 2017
China says its trade with North Korea rose in the first six months of 2017, compared to the same period the year before. China’s Customs Administration announced Thursday that trade with the international pariah North grew 10.5 percent to $2.5 billion between January and June, with exports soaring to 29.1 …
your ad hereBank Raises South Korea’s Growth Outlook
South Korea’s economy is likely to expand 2.8 percent this year over a year earlier thanks to strong exports and robust capital spending by tech companies, Bank of Korea said Thursday, revising its earlier forecast upward slightly. If growth is as forecast, Asia’s fourth largest economy will expand at …
your ad hereMcDonald’s Sees Its Future: Be More Convenient
McDonald’s is hoping to make a difference in its future seven seconds at a time. The company that helped define fast food is making supersized efforts to reverse its fading popularity and catch up to a landscape that has evolved around it. That includes expanding delivery, digital ordering kiosks …
your ad hereCoal Mine Crackdown Dims Prospects for Mongolia’s Fortune Seekers
Working 50 meters (164 feet) under ground with minimal air supply, Uuganbaatar is one of thousands of Mongolians trying to make a living digging for coal. Although the mining season does not begin until autumn, when the ground freezes and work is safer, the 31-year-old and his colleagues are seeking …
your ad hereBritain Hails Spanish Investment as Sign of Confidence in Economy
Spanish companies will commit millions of pounds of investment to Britain on Thursday, the British government said, as it seeks to limit the economic impact of leaving the European Union. The investment plans, which include building trains and trams in Britain, coincide with a three-day state visit to Britain by …
your ad hereTanzania’s Women Street Cooks Hope for Safety, Loans
It’s nearly midday at the bustling Tegeta bus terminal in Tanzania’s biggest city and Olivia Mbiku is busy preparing ugali – a popular maize meal – beef stew and vegetables for her customers. “I wake up early, light up the fire and rush to the market to buy meat, cooking …
your ad hereBrazil House Speaker Stands Up to President on Labor Reform
The speaker of Brazil’s lower house vowed Wednesday to fight any changes President Michel Temer makes to a labor reform bill passed by the Senate, highlighting new tension between longtime political allies. The speaker, Rodrigo Maia, would replace Temer if Congress allows the Supreme Court to move ahead with a …
your ad hereIraq Plans to Offer New Exploration Rights for Oil, Gas
Iraq says it will offer new oil and gas exploration rights as it looks to boost energy revenues to fund its war against the Islamic State group and shore up its finances amid low oil prices. Oil Minister Jabar Ali al-Luaibi said late Tuesday that his ministry plans to …
your ad hereYellen Words to be Parsed for Clues to Rates, Her Future
When Janet Yellen delivers her testimony on the Federal Reserve’s semiannual report to Congress on Wednesday, investors may listen as much for clues to her own future – and the Fed’s – as they will to what she says about interest rate policy. The Fed chair is likely to repeat …
your ad hereTakata Announces Another Recall of Air Bags
Japanese car parts company Takata on Tuesday recalled another 2.7 million air bags that it previously thought were safe. The recall affects certain Ford, Mazda and Nissan cars from the 2005 through 2012 model years. Takata’s air bags are inflated by a chemical — ammonium nitrate — in emergency situations, …
your ad hereWith Boko Haram Threat Receding, Nigeria Allows Fishing to Resume in Lake Chad
Three years ago, at the peak of the Boko Haram insurgency, Nigerian soldiers stopped all fishing activities in the country’s section of Lake Chad. Militants had infiltrated the ranks of the fishermen, the army said, and were using the guise to fund arms purchases and launch surprise attacks on innocent …
your ad hereCoal Plan Sparks Ire as Myanmar Struggles to Keep Lights On
Opposition to a planned $3 billion coal-fired power plant in eastern Myanmar is highlighting the challenges facing Aung San Suu Kyi’s government in crafting a coherent energy policy in one of Asia’s poorest and most electricity-starved countries. With only a third of the country’s 60 million people connected to the …
your ad hereTrump Administration Limits Government Use of Kaspersky Lab Software
The Trump administration on Tuesday removed Moscow-based Kaspersky Lab from two lists of approved vendors used by government agencies to purchase technology equipment, amid concerns the cybersecurity firm’s products could be used by the Kremlin to gain entry into U.S. networks. The delisting represents the most concrete action taken against …
your ad hereChina Envoy Says North Korea Trade Growth Picture ‘Distorted’
China’s ambassador to the United States has said reports of trade growth between his country and North Korea, in spite of international efforts to press Pyongyang to give up its nuclear and missile programs, give “a distorted picture.” Last week U.S. President Donald Trump denounced China’s trade with North Korea, …
your ad hereGet on Twitter, @Lagarde Tells Policymakers
How do you explain the European Central Bank’s capital key in 140 characters? Or the U.S. Federal Reserve’s dot plot? Difficult. But International Monetary Fund chief Christine Lagarde wants the world’s policymakers to try. At a conference in Croatia on Tuesday, Lagarde said convoluted fiscal and monetary policy proposals use …
your ad hereThailand Greenlights First Phase of $5.5-bln Railway Project with China
Thailand’s Cabinet on Tuesday approved construction of the first phase of a $5.5-billion railway project to link the industrial eastern seaboard with southern China through landlocked Laos, as part of a regional infrastructure drive by Beijing. Prime Minister Prayuth Chan-ocha, who heads the Thai ruling junta, made use of an …
your ad here