China hopes Britain’s exit from the European Union can happen in an orderly way and that the bloc will reduce hurdles to Chinese investment and keep its markets open, China’s foreign ministry said on Tuesday. China, the world’s second-largest economy, has watched Brexit nervously, worried not only about potential market …
your ad hereMexico to Raise Base Wage, New Leader Pledges to Lift Buying Power
Mexico’s wage commission said on Monday it planned to hike the country’s minimum wage by 16 percent to around $5 per day and leftist President Andres Manuel Lopez Obrador pledged further increases to keep salaries apace with inflation. The salary commission, made up of government, business and labor representatives, said …
your ad hereUS, China Trade Barbs at WTO Amid Calls for Reform
The United States said on Monday that China’s “unfair competitive practices” were harming foreign companies and workers in a way that violates World Trade Organization (WTO) rules, but vowed to lead reform efforts. U.S. trade ambassador Dennis Shea drew fire from Chinese envoy Zhang Xiangchen who said the Trump administration’s …
your ad hereGuinea Bissau Women Entrepreneurs Share Ideas, Expand Business
A group of young female business owners in Guinea Bissau have banded together to learn more about the business world and increase sales. A year later, their efforts appear to be paying off. Ricci Shryock reports from the west African nation. …
your ad hereDebt Threat: Business Debt, Worries About it, Are up
Homeowners appear to have learned the lesson of the Great Recession about not taking on too much debt. There is some concern that Corporate America didn’t get the message. For much of the past decade, companies have borrowed at super-low interest rates and used the money to buy back …
your ad hereGovernments Agree on Rules for Implementing Climate Accord
After two weeks of bruising negotiations, officials from almost 200 countries agreed Saturday on universal, transparent rules that will govern efforts to cut emissions and curb global warming. Fierce disagreements on two other climate issues were kicked down the road for a year to help bridge a chasm of opinions …
your ad hereStocks Plunge to 8-month Lows on Growth Fears; J&J Nosedives
Stocks staggered to eight-month lows Friday after weak economic data from China and Europe set off more worries about the global economy. Mounting tensions in Europe over Britain’s impeding departure from the European Union also darkened traders’ moods. The Dow Jones Industrial Average dropped as much as 563 points. On …
your ad hereNigerian Governor: Buhari Says Economy in ‘Bad Shape’
Nigeria’s President Muhammadu Buhari said the country’s economy was in “bad shape,” the governor of a northwestern state told reporters Friday after a meeting with governors from across the country. Buhari will seek a second term in an election to be held in February in which the economy is likely to be a campaign issue. …
your ad hereUS Budget Deficit Hits Record $204.9B for November
The federal budget deficit surged to a record for the month of November of $204.9 billion, but a big part of the increase reflected a calendar quirk. In its monthly budget report, the Treasury Department said Thursday that the deficit for November was $66.4 billion higher than the imbalance …
your ad hereStocks Lose Steam as Nerves Persist, Euro Dips
A gauge of world equities was little changed after giving up early gains on Thursday, continuing a pattern seen for the past several sessions, while the euro eased after the European Central Bank formally ended its bond purchasing scheme. In the United States, the S&P and Nasdaq finished in the …
your ad hereApple Deepens Austin Ties, Expands Operations East and West
Apple will build a $1 billion campus in Austin, Texas, break ground on smaller locations in Seattle, San Diego and Culver City, California, and over the next three years expand in Pittsburgh, New York and Colorado. The tech giant said Thursday that the new campus in Austin, less than a …
your ad hereWall Street Gains on Better Signs in US-China Trade Talks
Wall Street stocks finished higher on Wednesday due to improved hopes for the US-China trade talks. The Dow Jones Industrial Average added 0.6 percent at 24,527.27. The broad-based S&P 500 advanced 0.5 percent to 2,651.07, while the tech-rich Nasdaq Composite Index jumped 1.0 percent to 7,098.31. Wall Street stocks have …
your ad hereSustainable Tree Farming Means Better Lives for Kenyan Farmers
Wood consumption — including logging and the production of charcoal — is a leading cause of forest degradation in Africa. In some of Kenya’s coastal regions, recurring droughts have made the problem even worse. Now, farmers in those regions are planting trees, putting their once-barren land to use in a venture …
your ad hereMalaysian Ex-PM Slapped with New Charge Over 1MDB Scandal
Former Malaysian Prime Minister Najib Razak was charged Wednesday with tampering with the final audit report into a defunct state investment fund, adding to a long list of corruption allegations against him since his ouster in May elections. Najib was charged along with Arul Kanda Kandasamy, the former head of …
your ad hereAvianca Brasil Airline Declares Bankruptcy
Cash-strapped Avianca Brasil, the country’s fourth-largest airline, on Tuesday sought bankruptcy protection from creditors but reassured passengers that flights will continue. “Due to resistance from the lessors (of their aircraft) to reaching a friendly settlement, we have filed seeking protection from creditors, to protect clients and passengers,” a company statement …
your ad hereExperts: Millions Invested But Gold Mining ‘Under-Exploited’ in W. Africa
Mining companies have invested at least $5 billion towards gold exploration in West Africa in the last decade but significant reserves are under-exploited, mineral industry experts said on Tuesday. Delegates at the Ecomof mining and petroleum forum in the Ivory Coast commercial capital Abidjan were told that more must be …
your ad hereEU Will ‘Follow Closely’ French Deficit after Macron Measures
EU economics affairs commissioner Pierre Moscovici on Tuesday said Brussels will keep close watch over France’s new spending plans, a day after President Emmanuel Macron unveiled new measures to quell violent protests. “The European Commission will closely monitor the impact of the announcements made by President Macron on the French …
your ad hereTaiwan Reinforces Ban on Huawei Network Equipment
Taiwan is reinforcing its five-year-old ban on network equipment produced by Chinese companies Huawei Technologies and ZTE Corp. amid security concerns. Officials sought over the weekend to reassure lawmakers and the public that such measures have been effective and the threat to the communications sector is minimal. Huawei has …
your ad hereDisney Again Makes History with Earning Above $7B for 2018
Walt Disney Studios is again ending the year on a high note, posting more than $7 billion in global box office earnings, thanks to hits such as “Black Panther” and “Avengers: Infinity War.” “This is only the second time in history any studio has surpassed the $7 billion mark, after …
your ad hereFrance’s Yellow Vests Attract Attention of Climate Change Conference
Environment ministers from nearly 200 countries are arriving in the Polish city of Katowice to join haggling over ways to advance the 2015 Paris accord to curb climate change. National leaders have stayed away from this year’s climate change conference largely because it is devoted to agreeing the details of …
your ad hereGM Fights US Government to Retain Tax Credit for Electric Cars
General Motors is fighting to retain a valuable tax credit for electric vehicles as the nation’s largest automaker contends with the political fallout triggered by its plans to shutter several U.S. factories and shed thousands of workers. Preserving the $7,500 tax incentive for buyers is crucial for GM as the …
your ad hereStocks Slip on China-US Tensions; Oil Resumes Slide
Stocks around the world are falling Monday morning, and U.S. indexes gave up modest early gains and turned lower, hurt by sharp drops for energy and financial companies. The British pound is dropping after the U.K. prime minister postponed a vote on its departure from the European Union, and oil …
your ad hereUS, Western Diplomats See Political Motive Behind OPEC Oil Cut
Despite repeated calls by U.S. President Donald Trump for oil production to remain steady, the Saudi-led Organization of the Petroleum Exporting Countries, along with Russia and its allies, announced Friday they would cut their pumping of crude to reduce oil flows onto the global market by 1.2 million barrels of …
your ad hereIMF Approves $3.7 Billion Loan for Oil-rich Angola
The International Monetary Fund says it has approved a three-year loan of about $3.7 billion for Angola, which seeks to diversify its economy and curb corruption after a new president took office last year. The IMF said Friday that the loan aims to help the southern African country restructure state-owned …
your ad hereChina Exports, Imports Weaken Ahead of US Talks
China’s export growth slowed in November as global demand weakened, adding to pressure on Beijing ahead of trade talks with Washington. Exports rose 5.4 percent from a year ago to $227.4 billion, a marked decline from the previous month’s 12.6 percent increase, customs data showed Saturday. Imports rose 3 percent …
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