Brazilian President Jair Bolsonaro on Monday fired one of his most senior aides and cabinet members, Gustavo Bebianno, amid a scandal involving campaign financing for some of his party’s congressional candidates. Bebianno was secretary general of the president’s office. His departure punctuated Bolsonaro’s first cabinet crisis since he took office …
your ad hereTycoons Tell Mexico’s President That Unions ‘Extorting’ Businesses
A group representing some of Mexico’s biggest companies told left-wing President Andres Manuel Lopez Obrador on Monday that politicians should resist “extortion” by labor unions after strikes and blockades in recent weeks. Alejandro Ramirez, president of the Mexican Business Council, said strikes at factories in the northern state of Tamaulipas …
your ad hereChina Seizes $1.5 Billion in Online Lending Crackdown
Chinese police have investigated 380 online lenders and frozen $1.5 billion in assets following an avalanche of scandals in the huge but lightly regulated industry, the government announced Monday. Beijing allowed a private finance industry to flourish in order to supply credit to entrepreneurs and households that aren’t served by …
your ad hereTrump: US Trade Talks with China Making ‘Big Progress’
President Donald Trump said Sunday “big progress” is being made in U.S. trade talks with China on what he calls “so many different fronts.” “Our country has such fantastic potential for future growth and greatness on an even higher level,” the president tweeted. Trump said last week he might put …
your ad hereSedans Take Back Seat to SUVs, Trucks at 2019 Chicago Auto Show
It’s billed as North America’s largest and longest-running auto show, now in its 111th year. The 2019 Chicago Auto Show offers a lineup of nearly 1,000 vehicles occupying nearly 1 million-square-feet of space at the McCormick Place Convention Center. A special preview for members of the media at the annual …
your ad hereConvenience Stores are Getting Even More Convenient
The store checkout line may be a thing of the past sooner than we think. A year after Amazon opened its first store without a cashier, retailers and start-ups are competing to get similar technology in other stores worldwide, so shoppers do not have to stand in line. VOAs Deborah …
your ad hereTrump Receives Update on China Trade Talks
President Donald Trump received an update on trade talks with China on Saturday at his Florida retreat after discussions in Beijing saw progress ahead of a March 1 deadline for reaching a deal. Trump, at his Mar-a-Lago club, was briefed in person by U.S. Trade Representative Robert Lighthizer, Commerce Secretary Wilbur Ross, White House Chief of …
your ad herePayless ShoeSource to Close All Remaining US Stores
Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have closed down in the last year. The Topeka, Kan.-based chain said Friday that it will hold liquidation sales starting Sunday and …
your ad hereChinese Leader Meets with US Trade Delegation in Beijing
Chinese President Xi Jinping met Friday with members of the U.S. trade delegation in Beijing where China and the U.S. are attempting to hammer out a trade deal. U.S. Treasury Secretary Steven Mnuchin posted on Twitter Friday that he and U.S. Trade Representative Robert Lighthizer had “productive meetings with China’s …
your ad hereAmazon Ditches New York Headquarters
Amazon will not be building a new headquarters in New York, a stunning reversal after a yearlong search. The online retailer faced opposition from some New York politicians, who were unhappy with the nearly $3 billion in tax incentives Amazon was promised. The Seattle-based Amazon had planned to bring 25,000 …
your ad hereUS Taxpayers Face Bitter Surprise After Trump’s Tax Cuts
Some taxpayers are getting a bitter surprise this year as their usual annual tax refunds have shrunk — or turned into tax bills — even though President Donald Trump loudly promised them largest tax cut “in American history.” And with tax season under way, thousands of unhappy taxpayers have been …
your ad hereSomalia Readies for Oil Exploration, Still Working on Petroleum Law
The Somali government says it will award exploration licenses to foreign oil companies later this year, despite calls from the opposition to wait until laws and regulations governing the oil sector are in place. Seismic surveys conducted by two British companies, Soma Oil & Gas and Spectrum Geo, suggest that …
your ad hereGlobal Unemployment Has Reached Lowest Level in a Decade
A new report finds the world’s unemployment rate has dropped to five percent, the lowest level since the global economic crisis in 2008. The International Labor Organization reports the jobs being created, however, are poor quality jobs that keep most of the world’s workers mired in poverty. Slightly more than …
your ad hereSupporters Renew Push for Nationwide Paid Family Leave in US
Democrats pushed on Tuesday for a nationwide paid family leave system in the United States, the only developed nation that does not guarantee pay to workers taking time off to care for children or other relatives. The proposal would establish a national insurance program to provide workers with up to …
your ad hereOverseas Tariffs Sour US Whiskey Exports
American whiskey makers are feeling the pain after their major overseas markets imposed hefty duties on their liquor in retaliation against President Donald Trump’s tariffs on aluminum imports. U.S. global whiskey exports, which include rye and bourbons, recorded a nifty 28 percent year-over-year increase in the first six months 2018, …
your ad hereFed Chairman: Prosperity Not Felt in All Areas
Federal Reserve Chairman Jerome Powell traveled Tuesday to a historically black university in the Mississippi Delta to deliver a message that the nation’s prosperity has not been felt in many such areas around the country. Powell said that many rural areas had been left out and needed special support, …
your ad hereToys R US Plans Second Act Under New Name
Toys R Us fans in the U.S. should see the iconic brand re-emerge in some form by this holiday season. Richard Barry, a former Toys R Us executive and now CEO of the new company called Tru Kids Brands, told The Associated Press he and his team are still …
your ad hereMexican Union Declares Victory in Strike at 48 Border Plants
A union declared total victory in a mass strike by about 25,000 workers at 48 assembly plants in a Mexican border city, but the movement spawned a storm of wildcat walkouts Monday at other businesses. The Industrial Workers and Laborers’ Union won 20 percent wage increases at all 48 …
your ad hereReport: Vale Knew Deadly Dam Had Heightened Risk of Collapse
Vale SA, the world’s largest iron ore miner, knew last year that the dam in Brazil that collapsed in January and killed at least 165 people had a heightened risk of rupturing, according to an internal document seen by Reuters on Monday. The report, dated Oct. 3, 2018, shows that …
your ad hereUS Steel Cites Trump in Resuming Construction Project
U.S. Steel Corp. will restart construction on an idled manufacturing facility in Alabama, and it gave some of the credit to President Donald Trump’s trade policies in an announcement Monday. Trump’s “strong trade actions” are partly responsible for the resumption of work on an advanced plant near Birmingham, the Pittsburgh-based …
your ad hereChina Upbeat on US Trade Talks, But S. China Sea Tensions Weigh
China struck an upbeat note on Monday as trade talks resumed with the United States, but also expressed anger at a U.S. Navy mission through the disputed South China Sea, casting a shadow over the prospect for improved Beijing-Washington ties. White House senior counselor Kellyanne Conway on Monday also expressed …
your ad hereNo End in Sight in France’s ‘Yellow Vest’ Revolt
Since November, tens of thousands of angry French have taken to the streets, first against a fuel tax hike and now with myriad demands including better pay, fewer taxes, greater equality and citizens’ participation in governing. More than 50,000 protesters were on the streets Saturday, February 9. How and when …
your ad hereIMF Chief says Ready to Support Pakistan after Meeting PM
International Monetary Fund chief Christine Lagarde on Sunday met Pakistani Prime Minister Imran Khan and assured him that IMF stands ready to support his country. The meeting took place on the sidelines of the World Government Summit in Dubai, hosted by the United Arab Emirates, both IMF and prime minister …
your ad hereMost Children Globally Lack Social Protection Coverage
A joint study by the International Labor Organization and U.N. Children’s Fund finds the vast majority of the world’s children lack effective social protection coverage. It says this dooms them to a life of extreme poverty, with negative implications for society. The study finds only one third of children between …
your ad herePart of Keystone Oil Pipeline Remains Shut After Potential Leak
A portion of TransCanada Corp’s Keystone oil pipeline remained shut on Thursday for investigation of a possible leak on its right-of-way near St. Louis, Missouri, a company spokesman said. TransCanada shut the pipeline on Wednesday between Steele City, Nebraska and Patoka, Illinois and sent crews to assess the situation, spokesman …
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