Anti-corruption activists in Nigeria say the president’s suspension of two top officials is only a first step and must be followed up with more action. On Wednesday, Buhari suspended national intelligence agency chief Ayo Oke, who was linked to more than $40 million found in an empty Lagos apartment, and …
your ad hereAtlantic Salmon Farms Shift to Open Seas, Trying to Shake Off Lice
Atlantic salmon farming companies are designing huge pens to raise fish in the open seas in a radical shift from calm coastal waters where marine lice have slowed growth of the billion-dollar industry. The drive for new designs by Norway, producer of 54 percent of all farmed Atlantic salmon in …
your ad hereOnce Critical of Global Deals, Trump Slow to Pull Out of Any
The “America First” president who vowed to extricate America from onerous overseas commitments appears to be warming up to the view that when it comes to global agreements, a deal’s a deal. From NAFTA to the Iran nuclear agreement to the Paris climate accord, President Donald Trump’s campaign rhetoric …
your ad hereAutomation Could Slash Jobs in Developing Countries
World Bank President Jim Kim warns that two-thirds of jobs in developing nations could be wiped out by automation, a situation that could boost conflict and refugee flows. Kim spoke Thursday in Washington as economic and political leaders from around the world gathered for meetings of the World Bank …
your ad hereGM: Venezuela Illegally Seizes Factory
General Motors said Wednesday that Venezuelan authorities had illegally seized its plant in the industrial hub of Valencia and vowed to “take all legal actions” to defend its rights. The seizure comes amid a deepening economic crisis in leftist-led Venezuela that has roiled many U.S. companies. “Yesterday, GMV’s (General Motors …
your ad herePrincess Cruises Fined $40 Million for Water Pollution
A federal judge in Miami fined Princess Cruise Lines $40 million Wednesday for illegally dumping oil waste into the Atlantic Ocean and Gulf of Mexico, and for falsifying records. It is the largest such water pollution fine in U.S. history. The Miami Herald newspaper says the British engineer who reported …
your ad hereFinance Minister: Peru Economy to Recover in 2018, 2019 After Flood Damage
Peru’s economy will recover in coming years with investment in construction after recent flooding, likely growing 4.5 percent in 2018 and 5 percent in 2019, Finance Minister Alfredo Thorne said on Wednesday. Previously, the government had expected growth of 4.3 and 4.1 percent for the next two years. The estimate …
your ad hereSleepy Pakistani Village Rises as China’s Gateway to Middle East
Over the last six months, the skyline over the sleepy fishing city of Gwadar has been transformed by machines that dredge the Arabian Sea and cranes that set up shipping berths in what is projected to become Pakistan’s biggest international port. Infrastructure developments have enabled the hammer-shaped Gwadar peninsula to …
your ad hereBrazil Agrees to Lower Police Retirement Age After Violent Protest
The Brazilian government on Wednesday agreed to lower the minimum retirement age for police officers in its pension reform proposal, a day after members of their unions stormed Congress to protest the controversial bill. In the reform draft, congressman Arthur Maia, a government ally in charge of making changes to …
your ad hereIMF Urges Caution as Washington Eyes Slashing Regulations, Taxes
The International Monetary Fund said President Trump’s plans to cut regulations and taxes might encourage companies to make risky investments of the kind that preceded the financial crisis in 2008. The comment came Wednesday in the newest edition of the IMF’s Global Financial Stability Report, which also said the financial …
your ad hereEmirates Cuts Flights to US as Passenger Demand Wanes
Emirates Airline, the world’s biggest international air carrier by traffic, said Wednesday it is cutting flights to five U.S. cities because of a drop in demand since President Donald Trump sought to curb immigration from several Muslim-majority countries and imposed restrictions on passengers carrying electronic devices on flights to the …
your ad hereNigeria Suspends Intel Chief over $43 Million Cash Stash
Nigeria’s president on Wednesday suspended the country’s intelligence chief over the recent discovery of $43 million in cash in a Lagos apartment. President Muhammadu Buhari has ordered an investigation into how the National Intelligence Agency came to claim the money and whether any laws were broken, a government statement said. …
your ad hereChina Seeks Foreign Help in Risky Work Finding Oil in Disputed Sea
Beijing is looking for foreign contractors to help find oil and gas under the South China Sea but expects to meet resistance because other governments contest its claims and any discoveries may bring low returns. China’s state-run China National Offshore Oil Corp. issued a tender last week for foreign companies …
your ad hereH1B Visa Applications Down Amid Reform Effort
Applications for H1-B visas are down slightly this year amid uncertainty in the U.S. about the program and talk of reform. The U.S. Citizenship and Immigration Services (USCIS) reports that 199,000 H1-B applications were made during the week-long filing period that began April 3. Two years ago 233,000 applications were …
your ad hereTrump Executive Order Makes It Harder to Hire Foreign Workers
U.S. President Donald Trump on Tuesday signed an executive order aimed at making it harder for companies to hire temporary foreign workers. The order, called “Buy American — Hire American,” will take initial steps to reform the H1-B visa program. H1-Bs allow employers — mostly high-tech firms — to hire …
your ad hereH1-B Visas Let US Firms Hire Foreigners for Specialized Jobs
Not a US citizen? Got skills? Need work? This might be the visa for you. …
your ad hereFew From West Drawn by China’s One Belt, One Road Conference
China announced Tuesday that 28 countries will send their heads of government to an international conference on the One Belt, One Road (or OBOR) program to be held next month in Beijing. However, only six G-20 countries are on the list, and government heads in most of the developed world …
your ad hereIvanka Trump’s Brand Prospers as Politics Mixes With Business
On April 6, Ivanka Trump’s company won provisional approval from the Chinese government for three new trademarks, giving it monopoly rights to sell Ivanka brand jewelry, bags and spa services in the world’s second-largest economy. That night, the first daughter and her husband, Jared Kushner, sat next to the president …
your ad hereIMF: Global Economic Growth Speeds Up a Bit
The International Monetary Fund says the global economic outlook is “brightening,” but warns that “protectionism” and geopolitical tensions could hurt economic growth. The IMF published the report Tuesday, ahead of this week’s gathering of top economic officials from around the world for meetings of the World Bank and the IMF. …
your ad hereTrump Administration Seeks Tougher Stance on Buy & Hire American
The Trump administration says it is time for tougher enforcement of rules governing the hiring of certain foreign workers in the United States, and to review laws requiring U.S. government agencies to use American-made products. President Donald Trump is scheduled to sign an executive order regarding “Buy American/Hire American” rules …
your ad hereExperts Say More Retail Store Closings in Future
Retail sales were weaker than expected in both March and February, after government data showed the worst two-month performance for the retail sector in two years. US Census data suggest the weakness was the result of lower fuel prices and reduced auto profits. But retail experts say the industry itself …
your ad here‘The National’ Newspaper of Abu Dhabi Sees Layoffs after Sale
A state-backed newspaper in the United Arab Emirates that was bought by an Emirati who oversees the English soccer club Manchester City is undergoing layoffs, those with knowledge of the firings said Monday. They told The Associated Press that staffers at The National were informed Sunday they had been let …
your ad hereThe Long, Rough Ride Ahead for ‘Made in America’
Mini motorcycle and go-kart maker Monster Moto made a big bet on U.S. manufacturing by moving assembly to this Louisiana town in 2016 from China. But it will be a long ride before it can stamp its products “Made in USA.” The loss of nearly one out four U.S. factories …
your ad hereChina’s Economy Gains Steam; 1Q Growth Fastest Since 2015
China’s economic recovery is gaining traction, with growth rising to its fastest pace in over a year in January-March. The 6.9 percent annual pace of expansion for the world’s second-largest economy, reported Monday, surpassed economists’ forecasts and was an improvement from 6.8 percent growth in the last quarter of 2016. …
your ad hereFootwear Made from Recycled Water Bottles
Each day, millions of Americans drink purified water and other beverages from disposable plastic bottles. More than 60 million of those bottles are dumped in landfills or burned in incinerators daily. But a couple of American entrepreneurs are putting some of them to good use by recycling them into shoes. …
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