Global stocks were higher Wednesday after the outcome of the U.S. midterm elections met investors’ expectations. Despite Democratic gains in the U.S. House of Representatives, few anticipate reversals of President Donald Trump’s tax cuts and the elimination of federal regulations. Democrats captured more than the 23 seats needed to regain …
your ad hereChina Grants 18 Trademarks in 2 Months to Trump, Daughter Ivanka
The Chinese government granted 18 trademarks to companies linked to President Donald Trump and his daughter Ivanka Trump over the last two months, Chinese public records show, raising concerns about conflicts of interest in the White House. In October, China’s Trademark Office granted provisional approval for 16 trademarks to Ivanka …
your ad hereChina Projected to Become Top Travel Destination by 2030
China is set to overtake France as the world’s top tourist destination by 2030 as a growing middle class in Asia looks to spend more on travel, according to experts at market research group Euromonitor International. In a report published Tuesday at an industry conference in London, Euromonitor said it …
your ad hereNigerian Unions, Government Agree Minimum Wage to Avert Strike
Nigerian trade unions and the government agreed to a new minimum wage proposal on Tuesday, in an attempt to avert a planned nationwide strike following threats to shutdown Africa’s biggest economy, a union official said. Unions, which have been discussing with the government a new minimum wage proposal, had planned …
your ad hereIn China, Female Pilots Strain to Hold Up Half the Sky
When Han Siyuan first decided to apply for a job as a pilot cadet in 2008, she was up against 400 female classmates in China on tests measuring everything from their command of English to the length of their legs. Eventually, she became the only woman from her university that …
your ad hereChina Hosts Import Expo, Pledges to Buy More
Foreign governments and businesses were hoping Chinese President Xi Jinping would use the opening of China’s first international import expo to make specific announcements about reforms for trade and investment. But that did not happen, and some saw the measures Xi rolled out Monday as falling short of expectations. …
your ad hereEU-Japan Trade Deal Clears Hurdle on Way to 2019 Start
European Union and Japanese plans to form the world’s largest free trade area cleared a significant hurdle Monday when EU lawmakers specializing in trade backed a deal that could enter force next year. The European Parliament’s international trade committee voted 25 in favor to 10 against to clear the deal …
your ad hereChina’s Xi Promises to Raise Imports Amid Trade Row With US
Chinese President Xi Jinping promised on Monday to lower tariffs, broaden market access and import more from overseas at the start of a trade expo designed to demonstrate goodwill amid mounting frictions with the United States and others. The Nov. 5-10 China International Import Expo, or CIIE, brings thousands of …
your ad hereIraq Fish Farmers Hit by Carp Deaths, Amid Fears Over Pollution
Along the Iraqi banks of the Euphrates river, one question dominates the conversation. What killed the fish? Thousands of tons of freshwater carp have washed up dead this month, leaving Iraqi fish farmers reeling from the significant loss of earnings. Carp is the country’s national dish, commonly barbecued outdoors across …
your ad hereFed Likely to Keep Rates on Hold and Sketch A Bright Outlook
With the economy strong, wages rising and unemployment at a near-five-decade low, the Federal Reserve remains on track to keep raising interest rates – just not this week. After the Fed’s latest policy meeting, it’s expected to signal a healthy outlook for the economy but to hold off on any …
your ad hereChina, Pakistan Agree to Conduct Bilateral Trade in Yuan
China has agreed to carry out bilateral trade with Pakistan in the Chinese yuan instead of the U.S. dollar to help ease the South Asian ally’s financial and economic woes. The unprecedented Chinese concession, officials and economists said, would go a long way in addressing Islamabad’s massive 87-percent trade deficit with …
your ad hereUS Reimposes Sanctions on Iran’s Oil, Financial Sectors
The United States reimposed sanctions on Iran’s oil industry and financial sector Monday, following through on President Donald Trump’s pledge to roll back relief Iran received as part of the international agreement to limit its nuclear program. But as Trump left the White House for a campaign event Monday, he …
your ad hereXi Pledges to Open Chinese Market
Chinese President Xi Jinping said Monday that China would take steps to widen access to its markets as he opened a huge trade fair amid criticism from other countries about China’s economic and business practices. Xi said China would lower tariffs, take more action to punish violations of intellectual property …
your ad hereNew Orleans Restaurateur Aims for Inclusivity in New Venture
When employees enter Saba — an Israeli restaurant started by award-winning chef Alon Shaya — they pass by the company’s mission statement, which emphasizes the importance of a safe and comfortable working environment. Only at the end does it really get around to food with the words: “Then, we will …
your ad hereChina Seeks to Rebrand Global Image With Import Expo
Facing a blizzard of trade complaints, China is throwing an “open for business” import fair hosted by President Xi Jinping to rebrand itself as a welcoming market and positive global force. More than 3,000 companies from 130 countries selling everything from Egyptian dates to factory machinery are attending the China International …
your ad hereRecord Imports Balloon US Trade Deficit in September
A hungry American economy powered by a strong U.S. dollar saw record imports in September, driving the U.S. trade deficit to its highest level in seven months, the government reported Friday. And amid President Donald Trump’s trade war with Beijing, the U.S. trade deficit with China swelled again, as crucial …
your ad hereUS Added 250,000 Jobs, Wage Growth Fastest Since 2009
U.S. employers added a stellar 250,000 jobs last month and boosted average pay by the most in nearly a decade in an effort to attract and keep workers. The Labor Department’s monthly jobs report, the last major economic data before the Nov. 6 election, also shows the unemployment rate …
your ad hereTrump Signs Sanctions Order Targeting Venezuela’s Gold Exports
Washington ratcheted up pressure on Venezuela’s leftist President Nicolas Maduro on Thursday with new measures aimed at disrupting the South American country’s gold exports, U.S. national security adviser John Bolton said. Bolton promised a tough stance by the Trump administration toward “dictators and despots near our shores” and singled out …
your ad hereWall Street Gains Ground After Selloff, but Tech Falters as Apple Slips
U.S. stocks rose on Thursday, as robust earnings reports supported a third day of recovery from a bruising selloff in October, but a drop in Apple’s shares ahead of results kept technology stocks under pressure. Chemicals producer DowDuPont Inc rose 6.6 percent after quarterly profit topped estimates and the company …
your ad hereWhite House Adviser: More US Tariffs on China Goods Not ‘Set in Stone’
U.S. President Donald Trump has not “set in stone” any decisions on escalating tariffs on Chinese goods and may withdraw some duties if there are promising policy discussions with China, White House economic adviser Larry Kudlow said on Wednesday. Kudlow said on CNBC that the meeting agenda between Trump and …
your ad hereTrump Carbon Plan Attacked by Coastal States, Lauded by Coal Interests
President Donald Trump’s proposal to replace an Obama-era policy to fight climate change with a weaker plan allowing states to write their own rules on emissions from coal-fired power plants was criticized by coastal states, but applauded by coal interests on Wednesday. Under the proposed Affordable Clean Energy plan that …
your ad hereCuba Says Investor Interest Up Despite US Hostility
Cuba’s foreign trade and investment minister said on Wednesday the country had signed nearly 200 investment projects worth $5.5 billion since it slashed taxes and made other adjustments to its investment law in 2014. Cuba began a major effort to attract foreign investment as socialist ally Venezuela’s economy went into …
your ad hereFitch Shifts Mexico Debt Outlook From Stable to Negative
Fitch Ratings changed its outlook on Mexico’s long-term foreign-currency debt issues Wednesday from “stable” to “negative,” citing the potential policies of President-elect Andres Manuel Lopez Obrador. The leftist Lopez Obrador has tried to smooth anxieties in the business community, but upset many on Monday by cancelling a partly built, $13 …
your ad hereBolsonaro’s Economic Guru Urges Quick Brazil Pension Reform
The future economy minister tapped by Brazilian President-elect Jair Bolsonaro insisted on Tuesday that he wanted to fast-track an unpopular pension reform to help balance government finances despite mounting resistance to getting it done this year. Paulo Guedes, whom Bolsonaro selected as a “super minister” with a portfolio combining the …
your ad hereOcean Shock: Lobster’s Great Migration Sets Up Boom and Bust
This is part of “Ocean Shock,” a Reuters series exploring climate change’s impact on sea creatures and the people who depend on them. A lobster tattoo covers Drew Eaton’s left forearm, its pincers snapping at dock lines connecting it to the American flag on his upper arm. The tattoo is …
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