Britain risks huge disruptions to its economy and society, including trade, transport, health care and citizens’ rights, if it leaves the European Union next March without a deal. That’s the conclusion of a new report on the short-term risks of a so-called ‘no-deal Brexit.’ The report comes as lawmakers return …
your ad hereCanada’s Strong-willed Foreign Minister Leads Trade Talks
She is many things that would seem to irritate President Donald Trump: a liberal Canadian former journalist. That makes Foreign Minister Chrystia Freeland an unusual choice to lead Canada’s negotiations over a new free trade deal with a surprisingly hostile U.S. administration. Recruited into politics by Prime Minister Justin Trudeau, …
your ad hereTrump Team, Canada Officials Resume Talks to Revamp NAFTA
Trump administration officials and Canadian negotiators are resuming talks to try to keep Canada in a North American trade bloc with the United States and Mexico. “We are looking forward to constructive conversations today,” Canadian Foreign Affairs Minister Chrystia Freeland told reporters as she entered a meeting with U.S. Trade …
your ad hereEast Africa Gets Easy Money Transfer System
An international money transfer company has launched an online service for East Africans to send and receive money more easily. Analysts say WorldRemit will lower the cost of transferring money and boost African trade and economies. Africa has become a thriving market for money transfer companies as its telecommunication facilities …
your ad hereCollapsing Emerging-Market Currencies Spark Concerns
First it was Argentina, quickly followed by Turkey. Now anxious investors and policy-makers are watching with alarm the plummeting currencies of several emerging-market economies, most of which have borrowed heavily in dollars. The nosediving currencies are prompting fears of a repeat of the 1997 Asian financial crash or the “Tequila …
your ad hereWild Blueberries Sing the Blues, With Industry in Decline
In the era of superfoods, Maine blueberries aren’t so super. The Maine wild blueberry industry harvests one of the most beloved fruit crops in New England, but it’s locked in a downward skid in a time when other nutrition-packed foods, from acai to quinoa, dominate the conversation about how …
your ad hereVenezuelan Gas Lines Stretch as New Payment System Flops
Frustrated Venezuelan drivers faced lengthy lines for gasoline in border states Tuesday as the government struggled to roll out a new payment system that President Nicolas Maduro says will reduce smuggling of heavily subsidized fuel. Maduro says the payment system will pave the way for charging international prices for fuel, …
your ad hereArgentina Seeks Early Release of Funds from IMF
Argentina will have to wait at least until the second half of September to find out whether the International Monetary Fund will agree to the early release of a credit line under a $50 billion backup financing arrangement approved earlier this year, Economy Minister Nicolas Dujovne said Tuesday. Dujovne …
your ad hereAlaska Village Experiences Boom in Polar Bear Tourism
A tiny Alaska Native village has experienced a boom in tourism in recent years as polar bears spend more time on land than on diminishing Arctic sea ice. More than 2,000 people visited the northern Alaska village of Kaktovik on the Beaufort Sea last year to see polar bears in …
your ad hereCars Now Cruising Down the Monthly Subscription Highway
If you already subscribe to digital services like Netflix to binge on TV shows and Spotify to groove to an endless mix of music, the auto industry might have a deal for you: Subscribe to your next car as well. Make that cars, plural. Some of these packages — which …
your ad hereUS Factory Activity Hits 14-Year High; Supply Constraints Rising
U.S. manufacturing activity accelerated to more than a 14-year high in August, boosted by a surge in new orders, but increasing bottlenecks in the supply chain because of a robust economy and import tariffs could restrain further growth. The Institute for Supply Management (ISM) survey was at odds with another survey published on Tuesday …
your ad hereQatar Lifts Controversial Exit Visa System for Workers
Qatar amended its residency laws on Tuesday to allow foreign workers to leave the country without exit permits from their employers, a provision which labour rights groups have long said should be abolished. Doha is keen to show it is tackling allegations of worker exploitation as it prepares to host …
your ad hereAid Agency: Yemen’s Plunging Economy Threatens to Kill More People Than War
Yemen’s tanking economy threatens to kill more people than bombs and guns, an aid agency warned on Tuesday as the currency hit its lowest level ever, compounding the world’s biggest hunger crisis. The Norwegian Refugee Council (NRC) said soaring food prices were pushing many people closer to the brink in …
your ad hereEthiopia Opens Logistics Sector to Foreign Investment
Ethiopia will open its logistics sector to foreign investors but cap their participation, the state investment body said on Tuesday in the latest reform to loosen the government’s control of the economy. Prime Minister Abiy Ahmed has presided over a shake-up of one of the most heavily-regulated economies in Africa …
your ad hereAmazon Goes From Books to a Trillion-Dollar Valuation
Amazon’s journey from an online bookseller started in a garage to a global e-commerce powerhouse valued at a trillion dollars has centered on obsession with the long road. The company, initially incorporated as “Cadabra” by Jeff Bezos in 1994 and backed with money borrowed from his parents, joined Apple as …
your ad hereArgentine Peso Falls on Doubts Over Plan as Officials Hold IMF Talks
Argentina’s peso slid on Tuesday as investors reacted with skepticism to President Mauricio Macri’s plans to cut the budget deficit, while a government delegation arrived in Washington for talks with the IMF about accelerating its standby finance deal. On Monday, Macri abandoned his gradual approach to balancing the government’s budget, …
your ad hereAmazon Tops $1 Trillion in Stock Market Value
Amazon became the second big US company to hit $1 trillion in stock market value in the latest demonstration of the rising clout of American technology heavyweights. The online retail giant breached the $1 trillion valuation near 1540 GMT when it’s share price hit $2,050.50. The Amazon landmark comes about …
your ad hereNike Shares Take Hit as Kaepernick Ad Spurs Boycott
Shares of Nike Inc. fell 3 percent on Tuesday as calls for a boycott of the sportswear giant gained traction on social media following its choice of Colin Kaepernick as a face for the 30th anniversary of its “Just Do It” slogan. Former San Francisco quarterback Kaepernick, the first NFL …
your ad hereTurkish Inflation Soars, Fueling Fears of Economic Crisis
Turkey saw the inflation rate rise to nearly 18 percent in August, a 15-year high fueled by a collapse in the Turkish lira, which fell more than 20 percent over the past few weeks. The rising inflation and a falling currency are stoking fears Turkey is on the verge of …
your ad hereYemen to Give Civil Servants Raises; Protests Rage Against Economy
Yemen’s government says it is giving civil servants and pensioners pay raises, after protests against the country’s woeful economy nearly paralyzed a major port city Sunday. Officials have not said when the raises would take effect or how much they will be. Demonstrations against the economy in the port of …
your ad hereTrump’s Pollution Rules Rollback to Hit Coal Country Hard
It’s coal people like miner Steve Knotts, 62, who make West Virginia Trump Country. So it was no surprise that President Donald Trump picked the state to announce his plan rolling back Obama-era pollution controls on coal-fired power plants. Trump left one thing out of his remarks, though: northern West …
your ad hereMaduro Buys Gold to Boost Savings Amid Five-digit Inflation
President Nicolas Maduro said he is investing part of his personal savings in a gold-backed certificate as part of a much-questioned plan to crush hyperinflation and reactivate Venezuela’s moribund economy. Maduro and First Lady Cilia Flores were the first in line at the central bank in downtown Caracas on …
your ad hereUN Official Sees Over $1B in Fresh Aid for Lake Chad Region
More than $1 billion in fresh aid will likely be pledged at a conference of donors to the drought-plagued region around Lake Chad, U.N. humanitarian chief Mark Lowcock said on Monday. A famine was averted in the region last year largely thanks to international aid, but millions of people in …
your ad hereItaly on Collision Course With EU Over Budget Deficit
Party leaders in the Italian coalition government signalled they will seek leeway from the EU to increase next year’s budget deficit, heading on a collision course with the European Commission and investors who want it cut. Following Fitch agency’s decision to lower the outlook on Italy’s debt rating on Friday, …
your ad hereProtests Over Yemen’s Economic Malaise Spread to Other Southern Cities
Demonstrations spread to new parts of southern Yemen on Monday even as they eased slightly in the port city of Aden following government orders aimed at strengthening the local currency and reversing economic decline. Protesters burned tires in order to cut roads in Aden’s Sheikh Othman district, and many shops …
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