Eurozone finance ministers and the International Monetary Fund are likely to strike a compromise on Greece on Thursday, paving the way for new loans for Athens while leaving the contentious debt relief issue for later, officials said on Monday. IMF head Christine Lagarde suggested a plan last week under which …
your ad hereIvanka Trump Brand Applies for, Wins More China Trademarks
China has granted provisional approval for four additional Ivanka Trump trademarks since April 20, and her brand has continued to seek more intellectual property protection in China, with at least 14 applications filed around the time she took on an official White House role, Chinese public records show. Trademarks …
your ad hereUS Bank Bosses Succumb to Email Hoaxer
The bosses of Wall Street banks Goldman Sachs and Citigroup are the latest executives to fall victim to an email prankster who has also managed to connect with the head of Barclays and the governor of the Bank of England. While neither Goldman CEO Lloyd Blankfein nor his Citi counterpart …
your ad hereGE CEO Immelt Stepping Down, Flannery to Take Over Role
General Electric says Jeff Immelt is stepping down as CEO. John Flannery, president and CEO of the conglomerate’s health care unit, will take over the post in August. The 61-year-old Immelt will stay on as chairman until his retirement from the position at the end of the year, with …
your ad hereUber Discussing Leave for CEO, Reports Say
The board of Uber was meeting Sunday to consider placing the CEO of the ride-hailing company on leave, according The New York Times and other news outlets. The Times reported that three people with knowledge of the matter have confirmed that Uber’s board was meeting to consider recommendations from …
your ad hereUS Commerce Chief Seen Imposing Mexico Sugar Deal Over Industry Objections
U.S. Commerce Secretary Wilbur Ross is likely to impose a new sugar trade deal with Mexico even if final revisions to it fail to win support from the U.S. industry, trade lawyers and experts say. After announcing a deal this week that would dramatically cut the amount of refined sugar …
your ad hereL’Oreal Set to Sell The Body Shop to Brazil’s Natura in $1.1B Deal
French cosmetics and luxury goods group L’Oreal has started exclusive talks to sell The Body Shop business to Brazilian makeup company Natura Cosmeticos in a possible 1 billion euros ($1.1 billion) deal. Earlier this year, L’Oreal had announced it was reviewing its strategy for The Body Shop, which it bought …
your ad hereChina Bike-Share Revolution Brings Convenience, Headaches
Thanks to an explosion of bike share apps and providers, China is rediscovering its love of bicycles. In cities across the country and in the capital of Beijing, a colorful bike-share revolution is taking over on the streets, helping ease traffic snarls and keeping the air cleaner. It is also …
your ad hereIvanka Trump’s Brand Distances Itself From China Shoemaker
Ivanka Trump’s fashion brand sought to distance itself from a Chinese manufacturer that has come under scrutiny after activists investigating labor conditions there were detained, saying the company last made its products three months ago. In a statement released Wednesday, the brand’s president, Abigail Klem, said Ivanka Trump shoes, which …
your ad here$10B Chinese Project in Myanmar Stirs Local Concern
Days before the first supertanker carrying 140,000 tons of Chinese-bound crude oil arrived in Myanmar’s Kyauk Pyu port, local officials confiscated Nyein Aye’s fishing nets. The 36-year-old fisherman was among hundreds banned from fishing a stretch of water near the entry point for a pipeline that pumps oil 770 kilometers …
your ad hereIndonesia Urges UN to Criminalize Unregulated Fishing
Indonesia, the world’s biggest archipelago has called for the United Nations to establish illegal, unreported and unregulated fishing, known under its acronym of IUUF, as a transnational crime. The proposal has the support of the president of the U.N. General Assembly but there’s still a long way to go before …
your ad hereUS Job Market Gets Stronger as Layoffs Decline
The U.S. job market is getting stronger, according to Labor Department data published Thursday. The number of Americans signing up for unemployment assistance fell by 10,000, to a nationwide total of 245,000. Experts say readings below 300,000 indicate a healthy job market, where layoffs are scarce and employers are trying …
your ad here‘Foundation 500’ List of Women CEOs Challenges Stereotypes
From a Peruvian trout farm manager to the head of an Indonesian meatball company, a list of 500 women entrepreneurs in emerging markets was launched Thursday to challenge the stereotype of a typical company boss and inspire women globally. The “Foundation 500” list features the portraits and careers of 500 …
your ad hereMexican Sugar Producers Want Probe of US Corn Syrup Imports
Mexican sugar producers want an investigation into suspected dumping in Mexico by U.S. fructose producers even after a U.S.-Mexico deal on access to the U.S. sugar market, the head of the Mexican sugar industry group said Wednesday. The sugar lobby last month said it had asked the Mexican economy ministry …
your ad hereUS Small Businesses in Clean Energy Sector Still Hope for Best
Small-business owners who install solar panels or help customers use clean energy don’t seem fazed by President Donald Trump’s plan to withdraw the U.S. from the Paris climate accord, saying they expect demand for their services will still keep growing. They’re confident in two trends they see: A growing awareness …
your ad hereOverfishing Leaves an Industry in Crisis in Senegal
It was almost sunset as fishermen guided their boats back onto the beach at Joal, Senegal, after a long day at sea. At first glance, it looks as though they’d collected a good day’s haul, but their nets were full of small sardinella, known locally as yaabooy. Fisherman Mamdou Lamine …
your ad herePeru, Indonesia to Make Fishing Boat Tracking Data Public
Peru joined Indonesia Wednesday as the only two countries worldwide to make their fishing boat tracking data available to the public. Such access will give conservationists, along with those who buy, sell and eat seafood, a clearer picture where their favorite dishes come from. Officials from both countries made their …
your ad hereNo Good Fish in the Sea: Overfishing in Senegal
Both local, foreign industrial boats are blamed for Senegalese fishing industry’s continued problems. The U.N. Food and Agricultural Organization says more than half of West Africa’s fisheries are dangerously depleted. …
your ad hereColombia to Up Public Sector Wages by 6.75 Percent, as Teachers Strike
Colombia will raise the salaries of public employees by 6.75 percent this year, President Juan Manuel Santos said on Wednesday, a move which may help end a more than three-week-long teachers strike. The deal with seven public employee unions, which will increase the wages of 1.2 million workers, including educators, …
your ad hereViolence Warned Over US Dropping Conflict Minerals Rule
Increased violence and corruption in central Africa could be the result of the recent decision by the U.S. Securities and Exchange Commission not to enforce a rule requiring American companies to report their use of conflict minerals, warn Congolese civic groups, rights groups and U.S. senators. “The conflict minerals rule …
your ad hereUN Report: Global Investment on Bumpy Road to Recovery
A U.N. report issued Wednesday expects foreign direct investment to rise 5 percent this year to nearly $1.8 trillion, and it sees modest increases in such investment continuing into 2018. Foreign direct investment, or FDI — investment made by a company or person in one country in business interests of …
your ad hereRyan Won’t Commit to Treasury Timetable for Debt Increase
House Speaker Paul Ryan said Wednesday that he won’t commit to holding a vote to increase the government’s borrowing authority this summer. The Wisconsin Republican instead says the House will vote on such debt legislation before the government defaults — but not necessarily by an August deadline requested last month by …
your ad hereLuxury Hotels Arrive in Cuba Despite Fears Trump May Hurt Tourism Boom
Towering cranes dot the Havana skyline as communist-run Cuba races to build luxury hotels, amid indignation among some residents and concern that U.S. President Donald Trump might reverse a detente that fueled the tourist boom. Swiss-based Kempinski Hotels S.A. will inaugurate its Gran Hotel Manzana in the heart of the …
your ad hereWorld Economy Seen Picking Up, But Political Uncertainty a Risk
A global watchdog says the world economy is picking up speed but faces big political uncertainties and needs to be reformed to make growth work for a broader swath of people. The Organization for Economic Cooperation and Development says in its latest outlook report, published Wednesday, that world growth should …
your ad hereTrump Chooses Regional Banker as Key Regulator of US Banks
President Donald Trump has chosen a regional banker as his nominee for a key government position in bank regulation. Trump announced late Monday he is naming Joseph Otting as comptroller of the currency, heading a Treasury Department agency that is the chief overseer for federally chartered banks. If confirmed …
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