For Shalini Gera, a rights lawyer in India’s Chhattisgarh state, it was the searing testimony of tribal activist Soni Sori that drew her attention to atrocities in the mineral-rich state. Sori, who was arrested in 2011 on charges of aiding Maoist rebels in the state, accused the police of torturing …
your ad hereAuto Industry Groups Urge Caution in Changing NAFTA Origin Rules
Auto industry trade groups said on Wednesday that tightening the rules of origin in the North American Free Trade Agreement could be disruptive and hurt the competitiveness of U.S., Mexican and Canadian auto plants. Their testimony at a public hearing ahead of NAFTA renegotiations, expected to start Aug. 17, contrasted …
your ad hereTaiwan Activist Urges Crackdown Against Floating Sweatshops
Three videos from a mobile phone that described the beatings of an Indonesian crewman aboard a Taiwan-flagged vessel led Allison Lee to find her role as an advocate for those afflicted: migrant fishermen. Lee, the co-founder of the Yilan Migrant Fishermen Union, was recognized by the United States for …
your ad hereFed Approves Dividend, Buyback Plans of All 34 Biggest Banks
The Federal Reserve has given the green light to all 34 of the biggest banks in the U.S. to raise their dividends and buy back shares, judging their financial foundations sturdy enough to withstand a major economic downturn. It was the first time in seven years of annual “stress tests” …
your ad hereRed-hot Iceland Keeps Some Investors Out in the Cold
Iceland spent nearly a decade trying to keep foreign money in the country after a financial collapse, now it is trying to keep some of it out. The economy is booming again and hedge funds and other foreign investors want exposure to a surging tourism sector, banks, property, infrastructure and …
your ad hereSamsung Investing $380M in Newberry, Creating 950 Jobs
Samsung is investing $380 million in South Carolina to manufacture home appliances, creating an estimated 950 jobs over the next three years. State and company officials said Wednesday that Samsung is locating in the former Caterpillar plant in Newberry. Production is expected to start early next year. The company …
your ad hereEuropol: Tuesday’s Worldwide Cyberattack ‘More Sophisticated’ Than Previous Hacks
A cyber-attack Tuesday that hit companies across the world is similar to a ransomware attack last month that targeted hospitals in Britain, although the most recent hack was potentially “more sophisticated,” according to the European police agency. Europol director Rob Wainwright called the hack “another serious ransomware attack.” He said …
your ad hereAnalysts: Thailand Taking Bet on Legalizing Casinos
More than 80 years after Thailand introduced gambling laws, analysts say the nation is betting on legalizing casinos in hopes of boosting tourism and being a player in regional casino development. Gambling in Thailand is officially banned, apart from the state-run lottery and betting on horses at the Bangkok Turf …
your ad hereCyberattack Stops Shipper Maersk Taking New Orders, Causes Delays
Denmark’s A.P. Moller-Maersk, owner of the world’s largest container shipper Maersk Line, has been hit by the global Petya cyberattack, preventing it from accepting new orders. The cyber extortion campaign, which has disrupted businesses around the world, has also caused congestion at some of the 76 port terminals run by …
your ad hereChina Frees 3 Activists who Probed Ivanka Trump Supplier
Chinese authorities have released on bail three activists who had been detained after investigating labor conditions at a factory that produced shoes for Ivanka Trump and other brands. The three activists walked out of a police station in Ganzhou, a city in southeastern Jiangxi province, on Wednesday, the final day …
your ad hereReady or Not, Indian Businesses Brace for Biggest-ever Tax Reform
Businessman Pankaj Jain is so worried about the impending launch of a new sales tax in India that he is thinking of shutting down his tiny textile factory for a month to give himself time to adjust. Jain is one of millions of small business owners who face wrenching change …
your ad hereEU Hits Google With $2.7B Fine for Abusing Weaker Rivals
European regulators fined Google a record 2.42 billion euros ($2.72 billion) for abusing its dominance of the online search market in a case that could be just the opening salvo in Europe’s attempt to curb the company’s clout on that continent. The decision announced Tuesday by the European Commission punished …
your ad hereTrump Hails ‘Energy Revolution’ as Exports Surge
President Donald Trump on Tuesday hailed an energy revolution marked by surging U.S. exports of oil and natural gas. Trump cited a series of steps the administration has taken to boost energy production and remove government regulations that he argues prevent the United States from achieving “energy dominance” in the …
your ad hereArab Sanctions Put Crimp in Doha Hotels’ Business
A boycott imposed by four Arab nations that accuse Qatar of supporting terrorism is squeezing the tourism sector, and Doha’s hotels, which would normally be full in the Eid al-Fitr holiday, have seen steep falls in their occupancy rates. A Reuters survey of five major hotels found average occupancy was …
your ad hereUS Commerce Secretary: US, Europe Should Have Trade Accord
U.S. Commerce Secretary Wilbur Ross said Tuesday that the United States and the European Union should have a free trade agreement, and German Chancellor Angela Merkel called for work on such an accord to resume. President Donald Trump has withdrawn the U.S. from an agreement with nations around the Pacific, …
your ad hereAsserting ‘Dominance,’ Trump Seeks Boost for US Energy Exports
President Donald Trump on Thursday will lay out his plan for reducing regulations to boost already-abundant U.S. production of oil, natural gas and coal and export it around the world, creating American jobs and helping allies. Trump will deliver an address on his administration’s new mantra of “energy dominance” at …
your ad hereMove to Rename Harlem Neighborhood Sparks Outrage Over Erasing Black History
New York City real estate companies’ attempts to rename a Harlem neighborhood “SoHa” have enraged longtime residents of the historically black enclave, who say the move erases the community’s rich cultural history. The neighborhood served as home and inspiration to generations of leading African-Americans, including activists W.E.B. Du Bois and …
your ad hereFood Prize Laureate: Future of African Youth Lies in Agriculture, Not Europe
Making agriculture profitable and “cool” for young people in Africa is key to lifting millions out of poverty and stemming migration to Europe, said the president of the African Development Bank (AfDB). Akinwumi Adesina was named the winner of this year’s World Food Prize on Monday for his decades-long work …
your ad hereTrial of Chinese Billionaire in UN Bribery Case Opens
Jury selection began Monday in the trial of a Chinese billionaire accused of bribing United Nations diplomats to gain their approval of a U.N. conference center he wanted to build. Ng Lap Seng has pleaded not guilty. He has posted $50 million bail, but is restricted to a luxury New …
your ad hereStudy: 10 Percent of Fish Caught in Oceans Get Dumped
Fishing fleets dump about 10 percent of the fish they catch back into the ocean in an “enormous waste” of low-value fish despite some progress in limiting discards in recent years, scientists said on Monday. A decade-long study, the first global review since 2005 and based on work by 300 …
your ad hereThirteen EU Nations Back Plan for Talks With Russia Over Pipeline
Thirteen EU nations voiced support on Monday for a proposal to empower the bloc’s executive to negotiate with Russia over objections to a new Russian gas pipeline to Germany, despite opposition from Berlin. At an informal debate among EU energy ministers, Germany’s partners in the 28-nation bloc spoke out against …
your ad hereCuban Farmland Lies Fallow, Production Languishes, Govt. Report Shows
More than half of Cuba’s arable land remains fallow nearly a decade after a government pledge to cultivate it, and food production is sluggish, according to a government report. Cuba has yet to publish an overall figure for last year’s agricultural output. But the report released over the weekend by …
your ad hereUS Firm Stops Selling Cladding Used in Grenfell Tower
The American company which made cladding used London’s Grenfell Tower, where 79 people died after the building caught fire, has said it will stop global sales of the product. U.S.-based Arconic cited “inconsistencies in building codes around the world” for stopping the sales. The company’s shares fell over 11 percent …
your ad hereSaudi Business Cheers Leadership Shift, Frets Over Reform, Region
The promotion of Saudi Arabia’s top economic reformer to crown prince has cheered business leaders who believe it will open up new opportunities. But they worry about officials’ ability to implement reforms and about geopolitical tensions in the region. The Saudi stock market jumped 7 percent in the two days …
your ad hereHow the Federal Reserve Serves US Foreign Intelligence
The Federal Reserve’s little-known role housing the assets of other central banks comes with a unique benefit to the United States: It serves as a source of foreign intelligence for Washington. Senior officials from the U.S. Treasury and other government departments have turned to these otherwise confidential accounts several times …
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