With uncertainty over economic policy direction in the United States, Southeast Asian economies appear less reliant on U.S. monetary decisions, with analysts saying China’s influence is likely to keep growing in the region. On Thursday, a sign of the region’s greater financial independence came as most regional markets failed to …
your ad hereNigerian Millionaire Says ‘Africapitalism’ a Solution to Africa’s Joblessness
Africa’s rising youth population is outpacing available jobs in the public and private sectors, leaving would-be workers vulnerable to exploitation, terrorism and human rights abuses. Nigerian entrepreneur Tony Elumelu believes the solution to Africa’s unemployment problem is for the private sector to lead and drive growth, a philosophy he calls …
your ad hereZimbabwe Hopes Tobacco Will Revive Battered Economy
Zimbabwe has opened its 2017 tobacco-selling season with hopes the “golden leaf” will change the economic fortunes of the southern African nation. Officials say the tobacco yield has been increasing after a downward turn in 2000 when the government chased white commercial farmers off their land. Zimbabwean farmers applauded after …
your ad herePacific Trade Pact Countries Look for ‘Progressive’ Way Forward
The remaining members of the Trans-Pacific Partnership (TPP) are seeking a way forward on the trade pact, they said on Wednesday, as some emphasized the need for deals to address concerns about workers’ rights and other issues. The TPP, which originally covered some 40 percent of global gross domestic product, …
your ad hereChange to US Fuel Economy Standards Could Impact Consumers
President Donald Trump plans to re-examine federal fuel economy requirements for new cars and trucks. The requirements were a centerpiece of president Barack Obama’s strategy to combat global warming. But Trump appears to be making good on a pledge to car company CEOs to reduce “unnecessary regulations.” Here’s what’s happening: …
your ad hereRobots Boost Productivity, But Humans Still Needed on the Job, Report Says
The United States has the world’s largest stock of robots, and the number is growing fast. A report published Wednesday by Redwood Software and the Center for Economics and Business Research said investment surged to $86 billion in 2015 as more, better and cheaper robots were deployed. The authors, whose …
your ad hereBrazil Leaders Back Pension Reform Despite Protests, Graft Probe
Brazil’s president and senior lawmakers were unwavering in their support for a major pension reform on Wednesday despite nationwide protests against the proposal and the dramatic expansion of a graft probe threatening the ruling coalition. Moody’s Investors Service added a vote of confidence in the government, citing the ongoing progress …
your ad hereTrump Trade Adviser Backs North American Manufacturing ‘Powerhouse’
One of U.S. President Donald Trump’s most protectionist trade advisers struck a more conciliatory tone with Mexico on Wednesday, saying he wanted the two countries and Canada to form a regional manufacturing “powerhouse” with stricter rules of origin. White House National Trade Council Director Peter Navarro’s comments on Bloomberg News …
your ad hereGroup of Republican Congressmen Join Forces to Fight Climate Change
Seventeen Republican U.S. congressmen have introduced a resolution calling on the House of Representatives to seek “economically viable” ways to combat global warming, setting the stage for a potential clash with President Donald Trump’s administration. Trump has repeatedly expressed doubt about climate change and at one point said it was …
your ad hereUN Pushes ‘Smart Crops’ as Rice Alternative to Tackle Hunger in Asia
Asia needs to make extra efforts to defeat hunger after progress has slowed in the last five years, including promoting so-called “smart crops” as an alternative to rice, the head of the U.N. food agency in the region said. Kundhavi Kadiresan, representative of the Food and Agriculture Organization (FAO) in …
your ad hereA Barrel of Fun: Niagara Falls Touts Thrills in Rebranding
Niagara Falls, whose most famous thrill-seekers have gone over the brink in barrels, wants to be the place the rest of us go for outdoor adventure, too. A new marketing effort launched Tuesday rebrands the American shore of the falls as a natural playground to be explored on foot, …
your ad hereBrazil Prosecutor Aims Graft Probe at Dozens of Politicians
Brazil’s top public prosecutor asked the Supreme Court to open 83 new investigations into senior politicians on Tuesday, reportedly including five ministers and leading lawmakers, in a dramatic escalation of a graft probe threatening the government. Prosecutor General Rodrigo Janot also requested that the Court send 211 other requests to …
your ad hereWhite House Claims TV Release of Trump Tax Return Illegal
The White House has issued a statement saying President Donald Trump had more than $150 million in income in 2005, on which he paid $38 million in income taxes, and blasted a television report disclosing his official tax returns as an illegal act. The statement late Tuesday was issued before …
your ad hereSXSW Panelists: Updating NAFTA Could Aid All 3 Signatories
A renegotiated North American Free Trade Agreement could benefit the United States, Mexico and Canada, enhancing the continent’s competitiveness in global markets, say several close observers of the trade deal with a keen interest in entrepreneurship. Revising NAFTA with an eye toward increased protection of intellectual property rights would bring …
your ad hereAt Meeting on Scrapped Pacific Trade Deal, Decisions Elusive
Ministers and officials representing the 12 countries of the failed Trans-Pacific Partnership, plus China and South Korea, began talks in Chile on Tuesday, but any concrete decision on how a new trade pact might look seemed far off. The TPP, which would have included about 40 percent of the world’s …
your ad hereBrazil Foreign Minister Sees EU-Mercosur Trade Accord This Year
South American trade bloc Mercosur expects to sign a framework accord this year for a trade deal with the European Union as the U.S. shift to isolationism under President Donald Trump encourages it to look outside the hemisphere for opportunities, Brazil’s top diplomat said on Tuesday. Foreign Minister Aloysio Nunes …
your ad hereChina’s Statistics Bureau: Economic Activity, Business Environment Improved
Activity in China’s real economy has improved with the business environment much better than at the same time last year, the statistics bureau says. “Based on key indicators from January and February this year, we feel that the vitality of the real economy has been boosted, [and] its results have …
your ad hereCBO’s Independent Views Can Rankle Lawmakers
The Congressional Budget Office is a scorekeeper suddenly in the spotlight. Monday’s estimate of the House GOP’s health care measure gave ammunition to Democratic critics of the law, predicting that 14 million people would lose insurance next year. Republicans had been bracing for the report, with some of them attacking …
your ad hereRussia’s Sberbank Expresses Concern About Protests Against Ukraine Subsidiary
Russian lender Sberbank said Monday it was deeply concerned by protests against its Ukrainian subsidiary, which included a nationalist group walling up the entrance to one of its branches in Kyiv with masonry and cement. Periodic protests have been held against Kremlin-owned banks operating in Ukraine since bilateral ties broke …
your ad hereTrump Budget Plan Set to Spark Another Battle with Congress
U.S. President Donald Trump this week will unveil a budget expected to massively increase military spending while slashing other federal programs. The proposal, set to be released Thursday, will offer the most detailed look yet at how Trump intends to move ahead with his so-called “America First” policy. The budget …
your ad hereIntel to Buy Israeli Technology Firm Mobileye for $15B
U.S. chipmaker Intel agreed to buy driverless technology firm Mobileye for $15.3 billion on Monday, positioning itself for a dominant role in the autonomous-driving sector after missing the market for mobile phones. The $63.54 per share cash deal is the biggest technology takeover in Israel’s history and the largest purchase …
your ad hereVietnam to Test Trump on Signing Solo Trade Pacts
Vietnam will test U.S. President Donald Trump’s openness to one-on-one trade deals as it starts nudging Washington for an eventual agreement to replace its role in the defunct Trans Pacific Partnership (TPP). Official media outlets in Vietnam say Prime Minister Nguyen Xuan Phuc told an American business delegation last week …
your ad hereSaudi King Visits Japan, Seeks Help Diversifying Economy
King Salman and hundreds of business leaders from Saudi Arabia are in Japan for talks Monday mainly expected to focus on economic ties. The visit is the first by a Saudi king in 46 years, though Salman visited more recently as crown prince. Saudi Arabia is one of Japan’s biggest …
your ad hereState Research Center: China’s Economy Set for Steady Growth
The risk of a steep slide in China’s economy has reduced, the head of a government research center said on Sunday, adding the country had moved through an “L-shaped” pattern of slowing to now “horizontal” growth. China’s economy grew 6.7 percent last year, according to the government, the slowest pace …
your ad hereMexico Approves Four Trademarks for Trump
On Feb. 19, 2016, at a campaign rally in North Charleston, South Carolina, then-candidate Donald Trump gave a stump speech in which he railed against American jobs moving to Mexico: “We lose our jobs, we close our factories, Mexico gets all of the work,” he said. “We get nothing.” …
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