Indian airline IndiGo said it plans to start flying smaller planes to second-tier towns and cities later this year, in a shift in strategy for the carrier that has prided itself on the simplicity of running only one type of jet. IndiGo, which has a fleet of 131 Airbus A320 …
your ad hereChicken Nugget Tweet Breaks World Record
Move over Ellen DeGeneres, there’s a new most-tweeted tweet. And it’s not from another celebrity, famous athlete or politician, but rather a 16-year-old kid from Reno, Nevada named Carter Wilkerson who has a deep love for chicken nuggets from U.S. fast food chain Wendy’s. It all started in April when …
your ad hereWith Lacoste, Mont Blanc, Socialist Cuba Has 1st Luxury Mall
The saleswomen in L’Occitane en Provence’s new Havana store make $12.50 a month. The acacia eau de toilette they sell costs $95.20 a bottle. Rejuvenating face cream is $162.40 an ounce. A few doors down, a Canon EOS camera goes for $7,542.01. A Bulgari watch, $10,200. In the heart of …
your ad hereWashington DC Draws 20 Million Domestic Tourists in Year for 1st Time
The tourism bureau in the nation’s capital says a record 20 million U.S. visitors traveled to Washington in 2016. Destination DC released the domestic visitation total on Tuesday. International visitor totals will be released in August. The number of domestic tourists beat the previous record of 19.3 million, set in …
your ad hereCambodian Business Hopes to Change Attitudes With World Economic Forum
Cambodia’s rapidly normalizing economy will receive an additional boost when it hosts the regional World Economic Forum (WEF) for the first time this week with business leaders looking for opportunities to diversify the country’s fledgling industries. American lawyer and chairman of the American Chamber of Commerce in Cambodia, Brett Sciaroni, …
your ad hereIMF Warns Asia to Act Early on Rapidly-aging Population
The International Monetary Fund called on Asian economies to learn from Japan’s experience and act early to cope with rapidly aging populations, warning that parts of the region risk “getting old before becoming rich.” Asia has enjoyed substantial demographic dividends in the past decades, but the growing number of elderly …
your ad hereTop Mexican Trade Official to Hold Sugar Talks Next Week in US
Mexican Economy Minister Ildefonso Guajardo will travel to Washington next week for talks about sugar exports, he told reporters on Monday, in an attempt to break an impasse that threatens to trigger tit-for-tat duties on sweeteners. U.S.-Mexican trade relations are already under strain as U.S. President Donald Trump seeks to …
your ad hereTunisian Job Protests Hit Oil and Gas Output
Protests over jobs and development in southern and central Tunisia have halted production at or shut the fields of two foreign energy companies in a new challenge to the country’s Prime Minister Youssef Chahed. For Tunisia, a small oil and gas producer compared to its OPEC neighbors Libya and Algeria …
your ad hereCanada Political Pressures Force PM’s Hand on US Trade Disputes
Canada escalated a trade dispute with United States by making threats Washington called inappropriate in part because Prime Minister Justin Trudeau is under pressure to secure support in a key region ahead of the country’s 2019 elections. Washington last month slapped tariffs on timber imports, prompting Trudeau to say he …
your ad hereWhat You Need to Know About EB-5 Visas
What is the EB-5 Visa? The EB-5 program allows entrepreneurs and their families to apply for green cards (permanent residence) if they 1) make the necessary investment in a commercial enterprise in the United States, and 2) plan to create or preserve 10 permanent full-time jobs for qualified U.S. workers. …
your ad hereAusterity Remains a Bitter Pill for Greeks to Swallow
The prospect of an economic doomsday for Greece may have diminished in the past week, but citizen Angelika Dinkel doesn’t much care. Following months of negotiations, the Greek government last week agreed to further austerity measures in order to access loans from its $94 billion bailout program.. But as she …
your ad hereBaltic States Agree to Link Their Power Grids to EU Via Poland
The Baltic states of Lithuania, Latvia and Estonia said on Monday they had agreed to link their power systems to other European Union members through Poland as they look to reduce their dependence on Russia. Power grids in the Baltic countries, formerly part of the Soviet Union, are still integrated …
your ad hereBuffett’s ‘Carnival’ Draws Shoppers, Sleep-deprived
Katie Ryerson and her father took a train from their hometown of Columbus, Ohio, to Omaha, Nebraska, for her first Berkshire Hathaway Inc. shareholder meeting, a weekend the conglomerate’s billionaire chief Warren Buffett calls “Woodstock for Capitalists.” They were part of a crowd expected to top last year’s estimated 37,000. …
your ad hereTrump Tower Resident who Listed Apartment on Airbnb pays $1K Fine
An Airbnb host who was renting out her Trump Tower apartment is among the first to pay a fine to New York City under a law banning advertising listings for short-term rentals. The host and owner of the Trump Tower apartment, Yelena Yelagina, paid a $1,000 fine to the …
your ad hereChina Trying to Extend Belt Plan to Afghanistan to Expand Influence
China is extending its Belt and Road Initiative (BRI) to troubled Afghanistan, causing analysts to wonder if Beijing is trying to expand its role in the Middle East and also putting itself at the center of the international battle against terrorism. China’s connectivity program involves extending the China Pakistan Economic …
your ad hereBuffett Talks Wells Fargo, IBM and His Successor at Annual Meeting
Warren Buffett, the chairman of Berkshire Hathaway Inc., Saturday faulted Wells Fargo & Co for failing to stop employees from signing up customers for bogus accounts even after learning it was happening. Wells Fargo, whose largest shareholder is Berkshire, with a 10 percent stake worth roughly $27 billion, gave employees …
your ad hereBuffett: GOP Health Care Bill a Tax Cut for the Rich
Berkshire Hathaway Inc Chairman Warren Buffett fumed Saturday that health care costs are eating away at the U.S. economy like “tapeworm” and said the Republican approach to overhaul Obamacare is a tax cut for the rich. The U.S. House of Representatives on Thursday narrowly approved a bill to repeal and …
your ad hereNicaragua Downplays Potential Impact of US Bill on Lending
President Daniel Ortega downplayed the possible impact of a U.S. bill that would condition international lending to Nicaragua on a range of democracy and rights issues, saying it’s more of a political than an economic threat to his country. “The world is not going to disappear, the economy is …
your ad hereUS Older-worker Rate Highest Since 1962
More Americans age 65 and over are still punching the clock. In fact, the last time the percentage was this high was when John F. Kennedy was in the White House. Last month, 19 percent of Americans age 65 and over were still working, according to government data released Friday. …
your ad hereVenezuela Full of Strife With Empty Refrigerators
In Venezuela, plagued with chronic food shortages and a devastated economy, Carmen Elena Perez describes her refrigerator as merely “an ornament in my kitchen, because filling it costs me too much money.” Dulce Maria Garcia Leon, in the western state of Trujillo, says she has corn masa and “a little …
your ad hereUS Investigates Malfunctioning Nissan Automobile Brakes
The United States office that handles highway safety announced it would investigate complaints that brakes can malfunction on Nissan’s popular Murano SUV. According to documents released Friday by the National Highway Traffic Safety Administration, nearly 60 people have complained that the brakes on their cars lose pressure when trying to …
your ad hereDelta Apologizes for Kicking Family Off Flight
After yet another viral video has surfaced of people being kicked off an overbooked plane. Delta Air Lines has apologized. In a statement, the company said it was “sorry for the unfortunate experience.” The video, posted by Brian and Brittany Schear, showed them and their two toddlers being told to exit …
your ad hereUS Unemployment Falls to 10-year Low at 4.4 Percent
The U.S. job market staged a rebound in April with employers, adding 211,000 workers to their payrolls and the unemployment rate fell to a 10-year low of 4.4 percent. April’s employment numbers are a big improvement from March when the economy added only 98,000 jobs. Analysts say that makes it …
your ad hereAnalyst: Trump Tax Plan Benefits Skew Toward the Wealthy
Small-business owners are applauding President Donald Trump’s plan to overhaul the tax system, saying lower taxes for everyone means more buying power for consumers and more money for businesses to hire workers. But can the White House plan simplify the nation’s cumbersome tax code fairly? And how would lower- and …
your ad hereJapan, China, S. Korea Pledge to Resist Protectionism
Finance leaders of Japan, China and South Korea agreed to resist all forms of protectionism in a trilateral meeting on Friday, taking a stronger stand than G20 major economies against the protectionist policies advocated by U.S. President Donald Trump. “We agree that trade is one of the most important engines …
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