Georgia lawmakers’ decision to punish Delta Air Lines for publicly distancing itself from the National Rifle Association was an extraordinary act of political revenge. By killing a proposed tax break on jet fuel, pro-gun Republicans won a political victory that could pay off in the short term, but other companies …
your ad hereCanada, Europe, WTO React Negatively to Trump’s Threats on Steel, Aluminum Imports
“Absolutely unacceptable” were the words Canadian Prime Minister Justin Trudeau used to describe U.S. President Donald Trump’s statement that he plans to impose 25 percent tariffs on imported steel and 10 percent on imported aluminum products. Trudeau made the comment Friday, adding that he is prepared to “defend Canadian industry.” …
your ad hereQuestions Surround Trump’s First Border Wall Contract
A tiny Nebraska startup awarded the first border wall construction project under President Donald Trump is the offshoot of a construction firm that was sued repeatedly for failing to pay subcontractors and accused in a 2016 government audit of shady billing practices. SWF Constructors, which lists just one employee …
your ad hereTrump’s Proposed Tariffs Spark Fears of Trade War, Price Hikes
U.S. President Donald Trump’s threat to impose steep tariffs on steel and aluminum imports sparked concerns of a trade war Friday, with emerging markets trading lower and some world leaders threatening to take retaliatory measures. Japan’s Nikkei share average fell to a more than two-week low Friday. The Nikkei ended …
your ad hereAustralia Takes Mining Giant to Court
Australia’s corporate watchdog is taking mining giant Rio Tinto and two former executives to court over the global miner’s “misleading and deceptive conduct” in reporting the coal reserves of a Mozambique mine purchased for $4 billion. The Australian Securities and Investments Commission (ASIC) launched the court action Friday against Rio …
your ad herePop-up Shop Offers Refugee Women a Taste of Entrepreneurship
When refugees arrive in a new country, they bring little to no material possessions. But many bring something more valuable: their talent and skills. Twenty refugee women and asylum-seekers from different parts of the world recently came together at a pop-up store in Phoenix, Arizona, to display their homemade products …
your ad hereUS Markets Fall on Steel, Aluminum Tariffs Announcement
U.S. stocks sank in another dizzying day of trading Thursday after U.S. President Donald Trump promised stiff tariffs on imported steel and aluminum, worrying investors about possible retaliation by other countries. The Dow Jones industrial average fell 420.22 points, or 1.68 percent, to 24,608.98, the S&P 500 lost 36.16 points, or 1.33 …
your ad hereTrump: US Will Impose Steel, Aluminum Tariffs Next Week
President Donald Trump announced Thursday the United States will impose steep tariffs on steel and aluminum imports. Trump said tariffs of 25 percent on steel and 10 percent on aluminum imports will be in effect for a long period of time. He said the measure will be signed “sometime next …
your ad hereEnvironmentalists in Kenya Protest China-Backed Railway Construction
Environmental activists in Kenya have pledged to take further legal action against Kenyan and Chinese corporations if contractors move forward with construction of a railway bridge across Nairobi National Park. The activists held a demonstration Thursday outside parliament. About 100 activists chanted as they marched through the streets of Nairobi …
your ad hereUS Consumer Spending Ticked Up in January as Incomes Soared
Americans lifted their spending just 0.2 percent in January, while their incomes jumped because of last year’s tax cuts. The Commerce Department said Thursday that the modest spending increase followed gains of 0.4 percent in December and 0.8 percent in November. Incomes rose 0.4 percent, boosted by $30 billion in …
your ad hereExxon Mobil Withdraws From Russia Deal due to Sanctions
U.S. oil company Exxon Mobil says it will withdraw from its joint venture with Russia’s state-controlled Rosneft due to U.S. and European sanctions against the country. Exxon Mobil had signed a deal with Rosneft, Russia’s biggest oil producer, in 2011 that aimed to drill in difficult terrain, like Russia’s Arctic …
your ad hereLondon, Brussels Face Off, Odds Rise on Britain Exiting Without Trade Deal
Britain is facing decision time. When it exits the European Union in 13 months’ time, does it want to remain in a customs union and single market with its most important trading partner, allowing goods to move across borders freely, or not? Irish border issue Will a so-called “hard border” …
your ad hereAmid NAFTA Talks, Mexico Airs Concerns Over US Steel Tariffs
Mexico’s economy minister met with top U.S. trade officials on Wednesday midway through the latest push to renegotiate the NAFTA trade deal, as concerns about steel added to trade tensions between the two countries. Economy Minister Ildefonso Guajardo met U.S. Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer …
your ad hereCould Winning Super Bowl Play Be Winning Marketing Ploy?
A company’s value is often tied to the message it portrays to customers. But what happens when other companies try to take advantage of your brand? Take the Philadelphia Eagles, for instance. The American football team wants to exclusively own the phrase: “Philly Special.” That was the trick play that …
your ad hereWalmart, Dick’s Sporting Goods Crack Down on Gun Sales
Two major U.S. retailers changed their gun sales policies Wednesday in the fallout over a Florida high school massacre. Walmart, the country’s biggest retailer, announced it is raising the age restriction for buying guns and ammunition to 21. “We take seriously our obligation to be a responsible seller,” it said …
your ad hereRefugee Women Get a Taste of Entrepreneurship
When refugees arrive in a new country, they bring little to no material possessions. But many bring something more valuable: their talent and skills. Twenty refugee women and asylum seekers from different parts of the world recently came together at a pop-up store in Phoenix, Arizona, to display their homemade …
your ad hereIndexes Point to Cooling Growth in China This Year
Growth in China’s manufacturing sector in February cooled to the weakest in more than 11/2 years, raising concerns of a sharper-than-expected slowdown in the world’s second biggest economy this year as regulators tighten the screws on financial risks. The weakness was driven by disruption to business activity by the Lunar …
your ad hereUS Proposes Anti-dumping Duties on Chinese Aluminum Foil
The U.S. Commerce Department on Tuesday recommended raising import duties on Chinese-made aluminum foil it said is being sold at unfairly low prices due to improper subsidies to producers. The ruling was praised by the Aluminum Association, a trade group that pressed the case and said cheap imports were …
your ad herePlan to Privatize US Air Traffic Control Lacks Support, Lawmaker Says
The chairman of the U.S. House Transportation and Infrastructure Committee said Tuesday that there was not enough support in Congress to move forward with a plan backed by President Donald Trump to privatize the air traffic control system. Republican Representative Bill Shuster of Pennsylvania said in a statement that the …
your ad hereWhite House: Senior US, Chinese Officials to Meet This Week on Trade
Three of President Donald Trump’s senior economic aides are expected to meet this week with a top Chinese economic official to discuss trade disputes between the United States and China. White House spokeswoman Sarah Huckabee Sanders told Reuters that Treasury Secretary Steven Mnuchin, U.S. Trade Representative Robert Lighthizer and Trump’s …
your ad hereWTO Chief Reacts Coolly to Trump’s Criticism of Trade Judges
The head of the World Trade Organization diplomatically took issue with U.S. President Donald Trump’s description of the WTO as a catastrophe on Tuesday, pointing out that the United States actually had a better deal than other countries in the club. “World Trade Organization — a catastrophe,” Trump said on …
your ad hereVenezuela Says US Sanctions Hampering Debt Renegotiation
Venezuela’s foreign minister said Tuesday that U.S. sanctions against the ailing oil nation were making foreign debt renegotiation more difficult and causing “panic” at global banks. Venezuela is undergoing a major economic crisis, with millions dealing with food and medicine shortages, and President Nicolas Maduro’s socialist government is late in …
your ad hereWhite House Reaches Informal Deal with Boeing for Air Force One
U.S. President Donald Trump has reached an agreement with the Boeing Co to provide two Air Force One planes for $3.9 billion, the White House said on Tuesday. “President Trump has reached an informal deal with Boeing on a fixed-price contract for the new Air Force One Program,” Deputy Press …
your ad hereFed’s Powell Nods to ‘Gradual’ Rate Hikes, Close eye on Inflation
Federal Reserve Chairman Jerome Powell, pledging to “strike a balance” between the risk of an overheating economy and the need to keep growth on track, told U.S. lawmakers on Tuesday that the central bank would stick with gradual interest rate increases despite the added stimulus of tax cuts and government …
your ad hereSources: Trump to Consider Biofuels Policy Tweaks at Tuesday Meeting
U.S. President Donald Trump will meet with senators and Cabinet officials on Tuesday to discuss ways to lower the cost of the nation’s biofuels policy to oil refiners, according to sources familiar with the matter. The meeting reflects rising concern in the White House over the current state of the …
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