Trump Planning Tariffs on European Steel, Aluminum

President Donald Trump’s administration is planning to impose tariffs on European steel and aluminum imports after failing to win concessions from the European Union, a move that could provoke retaliatory tariffs and inflame trans-Atlantic trade tensions. The tariffs are likely to go into effect on the EU with an announcement …

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Union: Strike Could Cost Vegas Casinos $10M a Day

The two largest resort operators in Las Vegas would lose more than $10 million a day combined if housekeepers, cooks and others go on strike, a possibility starting Friday, the union representing thousands of casino workers said Wednesday. The Culinary Union detailed how it thinks a one-month strike would impact …

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Malaysia Moves to Rebalance Relationship With China

Malaysia and China are looking to re-balance ties as the new government of Prime Minister Mahathir Mohammad seeks to renegotiate billions of dollars of Chinese backed infrastructure spending, with the goal of reducing the country’s national debt. China is Malaysia’s leading foreign direct investor at over $3.38 billion, ahead of …

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Ross: US-EU Trade Deal Could be Reached

U.S. Commerce Secretary Wilbur Ross said Wednesday a U.S.-European Union trade deal could still be reached even if the United States imposes tariffs on EU steel and aluminum imports. EU and U.S. officials are holding last-minute negotiations two days before U.S. President Donald Trump decides to apply tariffs on Europe. …

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Starbucks Closes Stores For Anti-Bias Training

Starbucks closed 8,000 of its stores Tuesday to give 175,000 employees about four hours of anti-bias training. The sessions were part of the company’s response to the April 12 arrests of two black men at a Starbucks in Philadelphia.  Rashon Nelson and Donte Robinson had not purchased anything and told …

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Trump to Impose Tariffs on $50B of China’s Tech Goods

The White House says it plans to impose 25 percent tariffs on $50 billion of Chinese goods that contain “industrially-significant technology” as trade talks between United States and China continue. The White House said Tuesday the proposed tariffs are in response to China’s practices with respect to technology transfer, intellectual …

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Myanmar’s Anti-Corruption Fight Gathers Steam

Myanmar’s anti-corruption commission has in recent weeks sued a senior bureaucrat and begun investigating a disgraced minister, indicating a crackdown on corruption promised by the government is finally happening. Often criticized as weak and unambitious, the commission’s stepped-up efforts suggest the Southeast Asian country is joining a regional trend. On …

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