Gambia’s government used a court order Monday to seize assets belonging to exiled former President Yahya Jammeh. They include nearly 90 bank accounts and 14 companies linked to Jammeh. Justice Minister Abubacarr Tambadou says Jammeh stole $50 million in public funds before fleeing Gambia for Equatorial Guinea in January. Jammeh …
your ad hereEU’s Moscovici Confident Eurogroup Will Reach Deal on Greece
The European Commissioner for Economic and Financial Affairs, Pierre Moscovici, said on Sunday he was confident an agreement between Athens and its creditors could be found at a meeting of euro zone finance ministers on Monday in Brussels. Athens needs funds to repay 7.5 billion euros ($8.4 billion) of debt …
your ad hereSoftbank-Saudi Tech Fund Becomes World’s Biggest With $93B of Capital
The world’s largest private equity fund, backed by Japan’s Softbank Group and Saudi Arabia’s main sovereign wealth fund, said Saturday that it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics. “The next stage of the Information Revolution is under way, and building …
your ad hereJob Prospects for 2017 College Grads, Best in More Than a Decade
About 3 million Americans will enter the job pool this year as graduation ceremonies get underway at various colleges and universities across the United States. With unemployment at a 10-year low, 2017 is shaping up to be a good year for new grads. But as Mil Arcega reports, success for …
your ad hereHey, Graduates: Good Jobs Exist With or Without 4-Year Degree
About three million American university graduates will enter the job market this year. And with unemployment currently at a 10-year low, it’s a good time to be graduating, says Nicole Smith, chief economist at Georgetown University’s Center on Education and the Workforce (CEW). “We are at one of the lowest …
your ad hereWhy Trump’s Combative Trade Stance Makes US Farmers Nervous
A sizable majority of rural Americans backed Donald Trump’s presidential bid, drawn to his calls to slash environmental rules, strengthen law enforcement and replace the federal health care law. But last month, many of them struck a sour note after White House aides signaled that Trump would deliver on another …
your ad hereOPEC May Extend, Deepen Cuts to Oil Output
An OPEC panel reviewing scenarios for next week’s policy-setting meeting is looking at the option of deepening and extending an OPEC-led deal to reduce oil output, OPEC sources said Friday. OPEC’s national representatives — officials representing the 13 member countries, plus officials from OPEC’s Vienna secretariat — met Wednesday and …
your ad hereTrump Administration Begins NAFTA Renegotiation Process
U.S. President Donald Trump’s administration says it has notified Congress it intends to renegotiate the North American Free Trade Agreement with Canada and Mexico. In a letter sent Thursday to congressional leaders, U.S. Trade Representative Robert Lighthizer said the administration plans 90 days of consultations with lawmakers over how to …
your ad hereKochs Unveil Campaign to ‘Jolt’ Stalled Tax debate
The Koch Brothers’ political network is preparing to spend millions of dollars to ensure their vision for tax reform isn’t lost in the increasing chaos consuming President Donald Trump’s administration. The network’s leading organizations, Americans for Prosperity and Freedom Partners, on Thursday released a set of general preferences for major …
your ad hereChina Sees Trade Summit Raising Global Status, Others See Missed Opportunities
As China hails the success of its first Belt and Road summit, major powers remain skeptical about the $1 trillion-dollar infrastructure and trade project. Analysts say while the ambitious plan has whet the appetite of developing nations, China missed an opportunity to get developed countries on board. The fact that …
your ad hereWal-Mart’s Online Sales Surge, Tops 1Q Expectations
Wal-Mart delivered first-quarter earnings that show how it’s winning over shoppers at stores and online, even in an increasingly competitive retail landscape. The world’s largest retailer beat Wall Street estimates and delivered another solid gain in comparable-store sales. Customer traffic at Wal-Mart also rose while other major retailers like …
your ad hereUK’s May Promises Voters Immigration Curbs, Fairer Society
Prime Minister Theresa May revealed her core election promises and political vision Thursday, saying she will slash immigration and take Britain definitively out of the EU, then build a “great meritocracy” by giving the poor a helping hand and lifting barriers to social mobility. May’s platform for the June 8 …
your ad herePoll Says Blacks Less Likely to Have Enough for Retirement
Older white Americans are nearly twice as likely as African-Americans to say they’ve saved enough for retirement, a new poll found. The Associated Press-NORC Center for Public Affairs Research survey also found that African- Americans and Latinos have less financial security than whites and will rely on fewer sources of …
your ad hereDonald Trump Jr., Dubai Business Partner Discuss ‘New Ideas’
Donald Trump Jr. traveled to Dubai and met a billionaire business partner in the city-state, discussing “new ideas” as the Emirati’s real estate firm still lists possible plans for future joint projects while Trump’s father is in the White House. The Trump Organization has said it won’t make new foreign …
your ad hereEuropean, Asian Stocks Falter Amid Political Worries
Stock markets in Europe and Asia declined Thursday, a day after U.S. stocks, the dollar and U.S. government bonds were down amid investor worries about controversial actions and comments from President Donald Trump. The major U.S. stock indexes fell 1.8 percent or more on Wednesday, and the Dow Jones Industrial …
your ad hereAt Hong Kong Trade Fair, Funerals Go Green, High Tech
Death is inevitable, but it doesn’t have to be bad for the environment. Caskets made of paper and wicker coffins on display at a recent Hong Kong funeral industry trade highlighted a trend toward “green burials” in an industry booming as Asia’s population rapidly ages. Chinese businessman Alex …
your ad hereUS Stocks, Dollar and Bonds Falter Amid Political Worries
U.S. stocks, the dollar, and government bonds were down in Wednesday’s trading amid investor worries about controversial actions and comments from President Donald Trump. The major U.S. stock indexes fell 1.8 percent or more, and the Dow Jones Industrial Average was off 372 points. The faltering markets follow Trump’s firing …
your ad hereMexico Expects NAFTA Talks by Late August, Its Economy Minister Says
Mexican Economy Minister Ildefonso Guajardo said Tuesday that he expected U.S. President Donald Trump’s administration to tell Congress early next week of plans to renegotiate the North American Free Trade Agreement, a move that would produce talks by late August. Guajardo said he would have more information after meeting with …
your ad hereGreek Seamen Extend Strike; No Ferries for 4 Days
Greek seamen and journalists walked off the job Tuesday, a day before a nationwide general strike to protest new austerity measures the government is legislating for in return for more bailout funds. The seamen’s union announced Tuesday afternoon they would extend their strike, originally planned to last 48 hours, for …
your ad hereUS Industrial Production Posts Biggest Gain Since 2014
American industry expanded production last month at the fastest pace in more than three years as manufacturers and mines recovered from a March downturn. The Federal Reserve said Tuesday that industrial production at U.S. factories, mines and utilities shot up 1 percent in April from March, biggest gain since …
your ad hereUS-China Trade Deal Brings Mixed Reaction
The new U.S.-China trade deal, which includes 10 initial agreements on agricultural trade, financial services, investment and energy, is drawing mixed reviews. The agreement is being panned by some as a poor deal for the United States that does not address fundamental issues concerning the Chinese market. But others say …
your ad hereAnheuser-Busch Boosts Spending to Adapt to Fragmented Market
Anheuser-Busch is upgrading its U.S. breweries and plans to build two new distribution centers as it adapts to an increasingly fragmented beer market. The maker of Budweiser, Corona, Stella Artois says the upgrades and new distribution centers in Los Angeles and Columbus, Ohio, will allow it to store a greater …
your ad hereGingerly, Deals Start Taking Shape Between Rivals China and Vietnam
Historic rivals China and Vietnam are working on substantive agreements that could cover trade, investment and maritime resource sharing despite a bitter sovereignty dispute that had snarled relations less than a year ago. The Communist neighbors are inching toward new trade and investment ties that analysts say would help shore …
your ad hereMnuchin Says G-7 Nations More Comfortable With New US Economic Approach
U.S. Treasury Secretary Steven Mnuchin said Saturday after meeting with officials from the world’s other industrialized democracies that he thought they were more at ease with Donald Trump’s economic policies. “People are more comfortable today, now that they’ve had the opportunity to spend time with me and listen to the …
your ad hereReports Show Rise in US Inflation, Retail Sales
U.S. consumers bought more cars and hardware, and stepped up online purchases in April, after two months of sluggish sales. Friday’s report from the Commerce Department says retail sales rose four-tenths of a percentage point in April, and sales were a bit better than first reported the previous month. The …
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