Wall Street’s three major indexes staged a comeback to close around 1 percent higher Wednesday as investors turned their focus to earnings and away from a trade conflict between the United States and China that wreaked havoc in earlier trading. After investors fled equities in the morning because of proposed retaliatory tariffs from China, …
your ad hereEx-Ford Employee Awarded Nearly $17 Million in Discrimination Lawsuit
A jury has awarded nearly $17 million to a former Ford engineer who sued the automaker for discrimination because he says two supervisors repeatedly berated and criticized him for his Arab background and accent. The Detroit Free Press reports that a federal jury in Michigan ruled March 28 that Faisal …
your ad hereClosure of Top Philippine Resort Island Would Shake up Business to Cut Pollution
The possible closure of a major coastal tourism magnet in the Philippines for environmental cleanup will hurt business, but for a cause that helps everyone longer term, experts say. President Rodrigo Duterte said via the presidential website in March he would place Boracay Island under a “state of calamity.” The …
your ad hereChina Announces $50 Billion in Retaliatory Tariffs on US Goods
China announced Wednesday it plans to impose tariffs on $50 billion worth of U.S. goods in response to a similar package announced by the United States. The Chinese measures would boost tariffs by 25 percent on 106 U.S. products, including soybeans, aircraft and cars. China’s commerce ministry responded with its …
your ad hereCoffee Conquers Conflict for Business-savvy Farmers in the Philippines
Five years ago, Filipina farmer Marivic Dubria would buy Nescafe sachets to serve visitors because she was embarrassed by the quality of the coffee she grew next to her main vegetable crops. Life was tough for her family in Mindanao, the second largest island in the Philippines, as they struggled …
your ad hereAmazon Shares Finish Higher Despite Trump’s New Threat on Shipping Rates
The largest American business lobby group came to the defense of Amazon.com on Tuesday after a multi-day Twitter attack by U.S. President Donald Trump that included unsubstantiated criticism of the world’s biggest online retailer. The value of Amazon shares held by Jeff Bezos, the online retailer’s chief executive and single …
your ad hereUS Unveils Tariffs on $50 Billion Worth of Chinese Imports
The Trump administration on Tuesday raised the stakes in a growing trade showdown with China, announcing 25 percent tariffs on some 1,300 industrial technology, transport and medical products to try to force changes in Beijing’s intellectual property practices. The U.S. Trade Representative’s office unveiled a list of mainly non-consumer products …
your ad hereUS States Vow to Defend Auto Fuel Efficiency Standards
Nearly a dozen U.S. states and Washington, D.C., on Tuesday promised to defend federal automobile efficiency standards against a rollback proposed this week by Scott Pruitt, the head of the Environmental Protection Agency. “All Americans … deserve to enjoy fuel-efficient, low-emission cars and light trucks that save money on gas, improve our health and support …
your ad hereIMF: As Myanmar Economy Rebounds, Sanctions Risk Gives Some Investors Pause
The government of Aung San Suu Kyi is opening the economy and growth is rebounding in Myanmar, though the possibility of broader Western sanctions over the Rohingya refugee crisis is nevertheless giving some foreign investors pause, according to a senior IMF official. Shanaka Jay Peiris, the International Monetary Fund’s (IMF) …
your ad hereHunger on Campus: Researchers Say a Quarter of US College Students Went Hungry
About a quarter of students at 66 tertiary institutions in the United States said they had gone hungry in the previous month, researchers said Tuesday. Experts said the findings, which are from the largest survey to measure hunger on campuses, confirmed concerns over poverty’s prevalence at universities and colleges. Jed …
your ad hereArgentina: De Vido Charged in Corruption Linked to Odebrecht
An Argentine judge on Tuesday charged a former planning minister in a case involving Odebrecht, the Brazilian construction company at the center of a widespread Latin American corruption scandal. Argentina’s official Judicial Information Center said Tuesday that Julio De Vido and other former officials were charged with carrying out incompatible …
your ad hereWall Street Higher As Tech, Consumer Discretionary Recover
Wall Street’s main indexes were higher on Tuesday, with the Dow Jones Industrial Average rising more than 100 points, helped by a recovery in the battered technology and consumer discretionary stocks. Amazon and Tesla, the top drags on Monday, rose, with the Dow and the S&P opening above their 200-day …
your ad hereUS-China Trade Frictions Dim Optimism for Negotiations
As trade frictions heat up between China and the United States, the two countries are talking tough and giving assurances at the same time that the situation will not spiral out of control. Despite assurances, analysts both in China and in the United States are divided over just how bad …
your ad hereFrench Rail Workers Launch Strike
French railway workers went on strike Tuesday in the first of a series of planned work stoppages in protest of the government’s plans to institute reforms to the system. Only a fraction of trains were running across the country, leaving platforms packed with people and roads clogged with commuters who …
your ad hereAsian Markets Move Lower After US Stock Plunge
Stock markets in Asia fell Tuesday, but did not suffer losses as steep as those Monday in U.S. markets where continued fears about a U.S.-China trade war and a verbal attack on an online retailer by President Donald Trump sent stocks lower. Markets in Japan and Hong Kong fell by …
your ad hereUS vs. China: a ‘Slap-Fight,’ Not a Trade War — So Far
First, the United States imposed a tax on Chinese steel and aluminum. Then, China counterpunched Monday with tariffs on a host of U.S. products, including apples, pork and ginseng. On Wall Street, the stock market buckled on the prospect of an all-out trade war between the world’s two biggest economies. …
your ad hereLibrary Helps ‘Left-behind’ Nepali Women Gain Cash, Confidence
For farmers trying to figure out how to heal a sick cow or grow tomatoes commercially in this Himalayan community, help is at hand in the form of a crumbling, earthquake-scarred library. In a rural area where searching for information online or paying for expert advice is rarely an option, …
your ad hereMercury Rising: Gold Mining Takes a Toxic Toll on Kenyan Women
Scorching sun beats down on half a dozen women as they carry large sacks of crushed ore on their backs at the Osiri-Matanda gold mine near Kenya’s border with Tanzania. On wooden tables, they sieve the powdered ore into metal pans, add mercury, and heat the mixture over a charcoal …
your ad hereFrench Rail Unions in Showdown with Macron in Rolling Strike
France faces a first wave of rolling railway strikes Tuesday that are expected to bring travel chaos in a test of President Emmanuel Macron’s resolve to modernize the French economy. The four main rail unions have called two days of strikes in every five days for the next three months …
your ad herePhilippines, Malaysia Put Uber-Grab Deal Under Anti-Competition Scrutiny
The Philippines and Malaysia said on Monday they will look into whether Uber Technologies’ move to sell its Southeast Asian business to ride-hailing rival Grab hinders competition, days after Singapore began a probe into the deal on similar concerns. The expanded scrutiny of the deal in Southeast Asia could pose …
your ad hereChina Increases Tariffs on US Products, Effective Immediately
China has increased import duties up to 25 percent on a list of U.S. goods, including pork, fruit and other products, amounting to $3 billion. The tariffs, which took effect immediately on April 2, were announced late Sunday by China’s finance ministry, who said the country was responding to a …
your ad hereToo Late to Plant Green Seed Among World’s Forgotten Palm Oil Farmers?
When palm oil farmer Isnin Kasno eventually retires, his three children will turn their backs on the family’s small plantation in Malaysia’s southern state of Johor. Like many aging oil palm growers in Southeast Asia, the 58-year-old struggles to make ends meet from his 2 hectares (5 acres), and his …
your ad hereTiger Economy Roaring as Golf’s Masters Approaches
Tiger Woods is back in Green Jacket contention and from country club bars to boardrooms, the former world No. 1 is once again the tide lifting all boats in the golfing world. Golf television ratings are trending upward, so are equipment and ball sales while Masters tickets and even tips …
your ad hereUS Factory Activity Slows, Manufacturers Worry About Tariffs
U.S. factory activity slowed in March amid shortages of skilled workers and rising capacity constraints, but growth in the manufacturing sector remains underpinned by strong domestic and global economies. The Institute for Supply Management (ISM) survey published Monday also showed a surge in the cost of raw materials and worries …
your ad hereChina Raises Tariffs on US Pork, Fruit in Trade Dispute
China raised import duties on a $3 billion list of U.S. pork, fruit and other products Monday in an escalating tariff dispute with President Donald Trump that companies worry might depress global commerce. The Finance Ministry said it was responding to a U.S. tariff hike on steel and aluminum that …
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