GM: 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 …

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Emirates 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 …

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H1B 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 …

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IMF: 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. …

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Footwear 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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