From international tourism to federal employment prospects, every new president alters the fabric of life in the nation’s capital. But for local restaurateurs such as Ashok Bajaj, a new White House administration is just another president waiting to be fed. “It takes a little while for the administration to find …
your ad hereUS Consumer Spending up Slightly, Inflation at 4-Year High
U.S. consumer spending rose at only a sluggish pace in January, even as signs of growing optimism about the economy have emerged. Consumer spending increased 0.2 percent in January, after a 0.5 percent gain in December, the Commerce Department said Wednesday. Spending on services — from haircuts to health care — was …
your ad hereUber CEO Caught on Video Arguing Over Fares with Driver
Uber’s CEO says he needs leadership help after a video has emerged of him arguing heatedly with a driver about fares. In the latest embarrassment to beset the ride-hailing company, CEO Travis Kalanick is seen discussing Uber’s business model with the driver. In the dashcam video obtained by …
your ad hereEU Presses Vietnam to Improve Human Rights Ahead of Trade Deal
Vietnam is coming under pressure from lawmakers in Europe to improve its human rights record before ratification of an EU free trade deal that the Communist government prizes after the loss of a major U.S.-led agreement. European Parliament members voiced concerns in late February about Vietnam as its Subcommittee on …
your ad hereMore Austerity Looms as Greece, Lenders Resume Bailout Talks
Greece and its lenders resumed a long-stalled review of its bailout Tuesday, with the government in Athens braced to commit to yet more austerity in exchange for the funds the country needs to remain solvent. The review has dragged on for months, partly because of a rift between the European …
your ad hereClosed Pakistan-Afghan Border Causes Pain, Trade Losses
Pakistan’s decision to close the border with Afghanistan was a largely symbolic act aimed at forcing its neighbor to take action against extremist groups blamed for fomenting cross-border terror attacks. It’s a hard reality for the travelers and traders trapped for nearly two weeks on both sides of the dusty …
your ad hereWilbur Ross Sworn In as US Secretary of Commerce
Billionaire investor Wilbur Ross was sworn in as U.S. commerce secretary on Tuesday after helping shape Republican President Donald Trump’s opposition to multilateral trade deals. Vice President Mike Pence administered the oath of office to Ross, 79, a day after the U.S. Senate voted to confirm the corporate turnaround expert’s …
your ad hereUber Says Thousands of London Drivers Threatened by English Language Test
Tens of thousands of London private hire drivers could lose their licenses due to new English reading and writing requirements, taxi app Uber said on Tuesday at the start of a court battle to halt the plans. San Francisco-based Uber, which allows users to book journeys at the touch of …
your ad hereUS Economy Grew at Weak 1.9 Percent Rate in 4th Quarter
The U.S. Commerce Department reported Tuesday that the economy grew at a lackluster pace of 1.9 percent in the fourth quarter of 2016. While the figure was unchanged from the initial estimate last month, it represented a marked slowdown from the 3.5 percent growth reported in the third quarter. Consumer …
your ad hereTrump Says ‘Revved Up Economy’ Will Pay for Budget Proposals
President Donald Trump said he believes the extra $54 billion he has proposed spending on the U.S. military will be offset by a stronger economy as well as cuts in other areas. “I think the money is going to come from a revved up economy,” Trump said in a Fox …
your ad hereSouth Korean Prosecutors to Indict Samsung’s De Facto Chief
South Korean special prosecutors said they would indict Samsung’s de facto chief Tuesday on bribery, embezzlement and other charges linked to a political scandal that has toppled President Park Geun-hye. The planned indictment of Samsung Electronics vice chairman Jay Y. Lee is a huge hit for the largest and most …
your ad hereCuban Cigar Sales Rise, Defying Flat Luxury Goods Market
Sales of Cuba’s legendary cigars rose 5 percent last year to $445 million, defying stagnation in the global luxury goods market, manufacturer Habanos S.A. said on Monday at the opening of the Caribbean island’s annual cigar festival. Habanos, which makes brands including Cohiba, Monte Cristo and Romeo y Julieta, said …
your ad hereTrump’s Trade Czar Ross Easily Wins US Senate Confirmation
Billionaire investor Wilbur Ross easily won confirmation as U.S. commerce secretary on Monday, clearing President Donald Trump’s top trade official to start work on renegotiating trade relationships with China and Mexico. The U.S. Senate voted 72-27 to confirm the 79-year-old corporate turnaround expert’s nomination, with strong support from Democrats. Ross …
your ad hereTakata Pleads Guilty to US Fraud Charge Linked to Faulty Air Bags
Japan’s Takata Corp. on Monday pleaded guilty to a felony charge as part of an expected $1 billion deal with the U.S. Justice Department that includes compensation funds for automakers and victims of its faulty airbag inflators. After Takata’s guilty plea, a federal judge in Detroit was hearing objections on …
your ad hereJuncker to Offer EU ‘Pathways’ to Post-Brexit Unity
European Union chief executive Jean-Claude Juncker will propose to national leaders next month a handful of options for shoring up unity once Britain launches a withdrawal that some fear could trigger a further unraveling of the bloc. The European Commission president wants some states to be able to deepen cooperation …
your ad hereFDI Slippage, Trump’s Currency Threats Put Pressure on China
U.S. President Donald Trump has revived China’s fears by once again calling it a currency manipulator, weeks after many felt the issue had been shelved. Trump reemphasized his stand last week, hours after Treasury Secretary Steven Mnuchin indicated China would not be singled out for adverse treatment on the currency issue. …
your ad hereKenya Doctors’ Strike Takes Deadly Toll on Poor
Doctors in Kenya’s public health facilities have refused to work since December. They are demanding the government implement an agreement it signed in 2013 to raise salaries and improve working conditions. However, the strike is taking a deadly toll on the nation’s poor. Jared Ochieng lost his son Lamarck to …
your ad hereAggressive Cuts to Obama-era Green Rules to Start Soon, EPA Chief Says
President Donald Trump’s administration will begin rolling back Obama-era environmental regulations in an “aggressive way” as soon as next week, the head of the Environmental Protection Agency said Saturday — adding that he understood why some Americans wanted to see his agency eliminated. “I think there are some regulations that …
your ad hereFrench Startups Venture Abroad for Chance at Global Recognition, Investment
Launching a startup is no easy feat. Launching one outside your native country is even harder. But for certain French startups, the French government is there to help. A government-sponsored competition that began last year offers startups marketing and promotional assistance. The Creative Next Challenge is a series of …
your ad hereEPA Delays Rule on Funding Mine Pollution Cleanup
Facing pushback from industry and Republicans in Congress, the U.S. Environmental Protection Agency delayed Friday a proposal that would require mining companies to show they have the financial wherewithal to clean up their pollution so taxpayers aren’t stuck footing the bill. Contaminated water from mine sites can flow into rivers …
your ad here‘Made in Paraguay’ — a Cheaper Label for Some Brazilian Manufacturers
When toymaker Estrela decided to move manufacturing capacity back to Latin America from China, it sank $2 million into a new factory not in its native Brazil – the region’s largest economy – but in its tiny southern neighbor Paraguay. The plant, which opened this month in the border town …
your ad hereDemocratic Senators at Odds With Trump Over Chinese Trademarks
Democratic senators are protesting the Trump Organization’s acceptance of a valuable trademark from the Chinese government without asking Congress first if doing so is constitutional. A group of 13 senators warned President Donald Trump in a letter Thursday that they intended to hold him accountable to his oath to uphold …
your ad hereTrump Action on Transgender Student Rights Seen as ‘So Bad for Business’
U.S. companies led by tech firms Yahoo, Apple and Microsoft have criticized the Trump administration’s decision to revoke Obama administration guidance that allowed transgender public school students to use the bathroom of their choice. Their statements evoked the opposition expressed by many businesses last year when North Carolina passed a …
your ad hereZimbabwean Farmers in Pitched Battle Against Destructive Armyworms
The U.N. Food and Agriculture Organization (FAO) has predicted that Zimbabwe will be the country hardest hit by the invasion of armyworms in southern Africa. Farmers are already taking serious losses. The Gokwe and Zhombe areas in Zimbabwe’s Midlands province are among the most affected by an invasion of the …
your ad hereMoody’s Analytics Chief Mark Zandi Shares Thoughts on US Economy, Trump
Before the 2016 presidential election, economic research group Moody’s Analytics released a detailed comparison of Hillary Clinton’s and Donald Trump’s economic platforms. The report concluded that both candidates could not be more different. The take away from Moody’s report was that Clinton’s economic plan would boost growth without dramatically increasing …
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