US Expects Positive Outcome to Trade Talks

The White House said Tuesday that it expected to wrap up trade talks with the European Union, Canada and Mexico within the 30 extra days of freedom from tariffs that President Donald Trump granted the previous day. “Hopefully, we can get something that works for everybody,” spokeswoman Sarah Huckabee Sanders …

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Pace of US Factory Growth Slows Again in April

U.S. manufacturers say the pace of their expansion continued to slow in April, with many factories saying their output is still growing but is crimped by shortages of workers and skills. The Institute for Supply Management, a trade group of purchasing managers, reported Tuesday that its manufacturing index fell to …

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Iconic Guitar Maker Gibson Seeks Bankruptcy Protection

The maker of the Gibson guitar, omnipresent for decades on the American music stage, is filing for bankruptcy protection after wrestling for years with debt. A pre-negotiated reorganization plan filed Tuesday will allow Gibson Brands Inc. to continue operations with $135 million in financing from lenders. Gibson guitars have been …

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Ugandan Government Eyes Tax on Mobile Data Use

Uganda’s President Yoweri Museveni was criticized this month when he asked the Finance Ministry to find a way to tax social media use, in order to control what he called “gossip” online. Officials have since walked back that characterization, though they say they are pushing ahead with efforts to add …

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Amazon Delivers Profits, a $20 Prime Hike, NFL Games

Amazon.com Inc. more than doubled its profit Thursday and predicted strong spring results as the world’s biggest online retailer raised the price for U.S. Prime subscribers, added U.S. football games and touted its cloud services for business. The results showed the broad strength of the company, which has been expanding …

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Kenya Economy Seen Rebounding After Election Slowdown

Kenya’s economy is expected to rebound to 5.8 percent growth in 2018 after electoral uncertainty and drought cut last year’s expansion to the lowest level in more than five years, Finance Minister Henry Rotich said Wednesday. The economy will benefit from increased investment in key areas like manufacturing, farming, housing …

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