U.S. Treasury Secretary Steven Mnuchin said on Thursday he was confident that Congress would raise the federal debt limit “before there’s an issue” with U.S. creditworthiness, and he pledged that the Trump administration’s tax reform plans would be paid for. “We’re going to get it increased,” Mnuchin told Fox Business …
your ad hereUS Withdrawal From Paris Climate Deal Disappoints Many Businesses
President Donald Trump is moving the United States out of the Paris climate agreement, signed by nearly 200 other nations. Trump said Thursday that the Paris agreement hurts U.S. economic growth, costs millions of American jobs and puts U.S. firms at a disadvantage. However, his decision contrasted with the views …
your ad hereCanada Threatens to Cancel Boeing Order Over Trade Complaint
Canada’s defense minister repeated a threat Wednesday to cancel the purchase of 18 fighter jets from Boeing Co. because of the company’s trade complaint against Canadian plane maker Bombardier. Harjit Sajjan said Boeing’s action against Bombardier is “unfounded” and not the behavior of a “trusted partner.” He said buying …
your ad hereInvestors Push Exxon on Climate Change, Diverge With Trump
Major investors put U.S. industry on notice Wednesday that climate change matters, even as reports emerged that President Donald Trump plans to withdraw the United States from an international pact to fight global warming. A number of large institutional fund firms including BlackRock, the world’s largest asset manager, supported a …
your ad hereActivist Seeks Trumps’ Help in Freeing Labor Investigators in China
The head of a New York-based advocacy group has called on President Donald Trump and his older daughter to help secure the release of three men who reported labor violations at a Chinese company that makes shoes bearing the Ivanka Trump brand. “We appeal to President Trump, Ivanka Trump herself, …
your ad hereStalled Brazilian Odebrecht Projects Decay in Venezuela
In the hot and humid town of Caicara, in the heart of Venezuela, some 20 piers jutting out of the vast Orinoco river gather mildew and rust. Brazilian construction company Odebrecht was meant to build an 11-km (seven-mile) bridge in the town — the longest in the South American country …
your ad hereMexico’s Hotel California Owners Reject the Eagles’ Trademark Claims
The owners of a Mexican hotel using the name Hotel California on Wednesday said a trademark infringement lawsuit by the Eagles, whose song “Hotel California” is arguably the band’s most famous, should be dismissed. Hotel California Baja LLC, which runs the Todos Santos hotel in Baja California Sur, said the …
your ad hereTiger Wood’s Image Takes Hit But Sponsors Stay Put
The marketability of Tiger Woods will suffer following his arrest for driving under the influence, but the former world number one golfer’s current sponsors will likely stay by his side, according to experts. Woods, who had surgery in April to relieve back pain, blamed the incident on prescription drugs, but …
your ad hereUS EPA Halts Methane Rule for Oil and Gas Industry
The U.S. Environmental Protection Agency on Wednesday halted methane emission standards for oil and gas companies in its latest move to unwind Obama administration climate change rules, amid reports that the United States will withdraw from a global climate change agreement. The agency issued a 90-day stay of the 2016 …
your ad hereTrump Hails Signing of Deals Worth ‘Billions’ With Vietnam
U.S. President Donald Trump discussed trade with Vietnamese Prime Minister Nguyen Xuan Phuc during a White House visit on Wednesday and welcomed the signing of business deals worth billions of dollars and the jobs they would bring. General Electric said earlier it had signed deals with Vietnam worth about $5.58 …
your ad hereMigrants Find Poverty, Exclusion in South America’s Copper Capital
Immigrants from around South America hoping to seek their fortunes in the continent’s copper mining capital of Antofagasta, Chile, are instead finding poverty, exclusion and a precarious home in the city’s growing temporary slums. Chile, one of Latin America’s most developed countries, has become a magnet in recent years for …
your ad hereExxon Shareholders Approve Climate Impact Report in Win for Activists
ExxonMobil’s chief executive said on Wednesday the company would reconsider how it communicates the risks its faces from climate change after shareholders approved a measure calling for increased transparency. The non-binding proposal passed with 62 percent of ballots cast in a rare defeat for Exxon’s management, which had recommended a …
your ad hereVietnam to Sign Deals for Up to $17B in US Goods, Services
Vietnamese Prime Minister Nguyen Xuan Phuc said Tuesday that he would sign deals for U.S. goods and services worth $15 billion to $17 billion during his visit to Washington, mainly for high-technology products and for services. “Vietnam will increase the import of high technologies and services from the United States, …
your ad hereMexico to Review Rules of Origin to Help NAFTA Renegotiation
Mexico’s foreign minister says the country is “inevitably” set to review rules of origin when renegotiating the North American Free Trade Agreement, giving a boost to President Donald Trump’s manufacturing push. Foreign Relations Secretary Luis Videgaray said Tuesday at an event in Miami that NAFTA has allowed Mexican industry to …
your ad hereMan Probing Ivanka Trump Brands in China Arrested; Two Others Missing
A man investigating working conditions at a Chinese company that produces Ivanka Trump-brand shoes has been arrested and two others are missing, the arrested man’s wife and an advocacy group said Tuesday. Hua Haifeng was accused of illegal surveillance, according to his wife, Deng Guilian, who said the police called …
your ad hereBrazil’s Labor Reform Vote in Senate Put Off Until Next Week
The Brazilian government decided on Tuesday to wait until next week to put a bill modernizing labor laws to a vote in the Senate Economic Affairs Committee, its leader in the upper chamber, Senator Romero Jucá, said. Speaking earlier at an investment forum in Sao Paulo, Budget and Planning Minister …
your ad hereNigeria’s Senate Passes Bill to Crackdown on Money Laundering
Nigerian lawmakers passed a bill aimed at cracking down on money laundering by urging foreign countries where currency crooks are hiding to cooperate in prosecuting them, a senior official said on Tuesday. According to the bill, Nigeria may ask any country where a money launderer is hiding to help it …
your ad hereBurundi Paralyzed by Fuel Shortages as Leaders Blame Lack of Dollars
Fuel shortages have paralyzed the small central African nation of Burundi, threatening further damage to an economy already moribund after years of political violence and raising questions about the role of the country’s only oil importer. The problem has damaged two big foreign investors, Kenya’s KenolKobil and South Africa’s Engen, …
your ad hereKenyans Forced Off Tea Highlands by British Colonialists Seek Justice
In a roadside cafe in Kenya’s majestic highlands, Elly Sigilai cradled a steaming mug of tea and recalled how 17 relatives died after British colonialists ousted them in 1934 to plant tea on their family land. The 79-year-old is one of hundreds of elderly Kenyans seeking to sue the British …
your ad hereIndie Bookstores Hold Steady in Tough US Retail Market
With retail stores shutting down at the fastest pace since the crash of 2008, the head of the American Booksellers Association is grateful to see business holding steady. After seven straight years of growth, core membership in the independent sellers’ trade group has dropped slightly since May 2016, from …
your ad hereSenate Democrats Ask Trump for Answers on China Trademarks
A group of Senate Democrats sent a letter to U.S. President Donald Trump on Tuesday, requesting information about a raft of trademark approvals from China this year that they say may violate the U.S. Constitution’s ban on gifts from foreign governments. “China’s rapid approvals after years of court battles have …
your ad hereBA Debacle Puts Spotlight on Airlines’ Old IT Systems, Cuts
The catastrophic IT failure at British Airways that ruined travel plans for 75,000 people has raised questions about some older airlines’ focus on costs to the detriment of investment in new computer systems. As British Airways resumed full service Tuesday, shares in its parent company, International Airlines Group, dropped 3 …
your ad hereGoldman Sachs Criticized for Venezuelan Bond Deal
The head of Venezuela’s opposition-led congress on Monday blasted U.S.-based bank Goldman Sachs for a financial transaction that he said would prop up his country’s unpopular socialist government while exacerbating difficulties for ordinary Venezuelans. National Assembly President Julio Borges denounced the bank for “trying to make a quick buck off …
your ad hereWorkers Wanted: French Jobs Unfilled Despite High Unemployment
France, troubled for years by high unemployment, is now grappling with a lack of qualified workers. While it still has 3.5 million registered jobseekers, a growing number of positions lie unfilled because companies can’t find the right people. Many company bosses are pinning their hopes on newly-elected President Emmanuel Macron, …
your ad hereUS Home Prices Rising 2 Times Faster Than Wages
U.S. home prices climbed in March at the strongest rate in nearly three year as a dwindling supply of houses for sale is causing prices to significantly outpace income growth. The Standard & Poor’s CoreLogic Case-Shiller 20-city home price index released Tuesday rose 5.9 percent over the past 12 months …
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