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Economy

Mexico’s President Hints Migration Controls Could Be Tightened

By Yeco on Saturday, June 1, 2019

VOA News Center associate producer Jesusemen Oni contributed reporting from Washington.  Mexico’s president suggested Saturday that his country could clamp down on migration, and he said he thought the United States was ready to discuss its threatened use of tariffs as a means …

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Economy

Energy Secretary: US Aims to Make Fossil Fuels Cleaner 

By Yeco on Thursday, May 30, 2019

The Trump administration is committed to making fossil fuels cleaner rather than imposing “draconian” regulations on coal and oil, U.S. Energy Secretary Rick Perry said Thursday at an energy conference in Salt Lake City. Perry previously said the administration wants …

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Economy

IMF Denies Pressuring Venezuela to Release Economic Data

By Yeco on Thursday, May 30, 2019

The International Monetary Fund said on Thursday it had not pressured Venezuela to release economic indicators after years of silence, while two sources said the country’s surprise data release this week was due to pressure from China. The central bank …

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Economy

Wall Street Slump Continues on U.S.-China Trade Uncertainty

By Yeco on Thursday, May 30, 2019

U.S. stocks lost ground again on Thursday, as conflicting comments on trade talks from President Donald Trump and Beijing  reinforced investor nervousness that a lengthy battle could be in the offing and harm global growth. Trump said talks with China …

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Economy

Fox Host, Chinese State TV Anchor Face Off Over Trade War

By Yeco on Thursday, May 30, 2019

A Chinese state TV anchor and a host from Fox Business, whose sparring over the U.S.-China trade war has been avidly followed on Chinese social media, brought their duel to the American cable network for what turned out to be …

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Economy

Pro-China Policies Unlikely in Australia, India After Recent Elections

By Yeco on Wednesday, May 29, 2019

In recent weeks, Australia and India have re-elected incumbent prime ministers. These Asia-Pacific countries, who have a difficult relationship with China, are unlikely to make the kind of policy changes that Beijing has been seeking for a long time, analysts …

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Economy

Drought Forces Water Bans in Sydney

By Yeco on Wednesday, May 29, 2019

Water restrictions are to be imposed in Sydney, Australia’s biggest city, for the first time in almost a decade because of falling reservoir levels and a long-standing drought. Residents who breach the regulations could be fined US$150. The flow of …

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Economy

US Treasury Says 9 Trade Partners Deserve Scrutiny Over Currency Practices

By Yeco on Wednesday, May 29, 2019

The Trump administration said on Tuesday that no major trading partner met its currency manipulation criteria but nine countries, including China, required close attention as Washington presses tariffs and negotiations to address trade deficits. The Treasury Department, in a semi-annual …

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Economy

Desperate Zimbabweans Risk Lives in Abandoned Mines

By Yeco on Tuesday, May 28, 2019

Officials in Zimbabwe say the bodies of eight illegal miners have been retrieved from an abandoned gold mine about 50 kilometers north of Harare. The news Monday was a reminder of the risk faced by desperate illegal miners trying to …

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Economy

Desperate Zimbabweans Risk Death in Disused, Unlicensed Mines

By Yeco on Monday, May 27, 2019

Zimbabwe’s disused mines continue to be a death trap for poor and desperate illegal miners in search of the precious minerals to earn a living. Columbus Mavhunga travelled to Matopo a gold rich area about 500 kilometers south of Harare, …

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Economy

Fiat Chrysler Proposes Merger With Renault

By Yeco on Monday, May 27, 2019

Fiat Chrysler proposed a merger Monday with Renault, a union that would create the world’s third biggest automaker. The merger, if it happens, would vault the new company, with annual sales of 8.7 million vehicles, into a position ahead of …

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Economy

Ghana Just Scratching Surface of Illegal Gold Mining

By Yeco on Monday, May 27, 2019

Only the chirping of birds and insects break the silence at a gold mining site in the Eastern Region of Ghana, right at the foot of the Atewa forest reserve. Caterpillar excavators stand still, as the two Ghanaian companies operating …

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Economy

Trump ‘Honored’ to Provide US Farmers with $16 Billion in Aid 

By Yeco on Thursday, May 23, 2019

President Donald Trump says he is “honored” to give U.S. farmers hurt by the trade war with China another $16 billion in aid.  Flanked by potato growers, ranchers and dairymen in the White House, Trump said Thursday the aid “will …

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Economy

Canada, Europe to Choose When 737 MAX Is Safe as Regulators Meet

By Yeco on Wednesday, May 22, 2019

In a potential challenge to U.S.-led efforts to build consensus on the Boeing Co 737 MAX flying again, Canada and Europe said on Wednesday they would bring back the grounded aircraft on their own terms if their specific concerns are …

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Economy

Britain’s May Faces Calls to Resign After Revised Brexit Plan Unveiled

By Yeco on Wednesday, May 22, 2019

British lawmakers are denouncing Prime Minister Theresa May’s latest proposal to withdraw from the European Union (EU) amid growing demands from her own Conservative Party for her resignation. May said on Tuesday a bill she plans to present to Parliament …

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Economy

Jamie Oliver’s British Restaurant Chain Collapses

By Yeco on Wednesday, May 22, 2019

Celebrity chef Jamie Oliver’s restaurant chain in Britain has filed for bankruptcy protection, closing 22 of its 25 eateries and leaving some 1,000 people out of work. The remaining outlets, two Jamie’s Italian restaurants and a Jamie’s Diner at Gatwick …

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Economy

Bloomberg: US May Pay $2 Per Bushel for Soybeans to Help Farmers

By Yeco on Tuesday, May 21, 2019

The Trump administration is considering payments of $2 per bushel for soybeans, 63 cents per bushel for wheat and 4 cents per bushel for corn as part of a package of up to $20 billion to offset U.S. farmers’ losses …

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Economy

Portugal’s Economy Rebounds, Though Problems Persist

By Yeco on Tuesday, May 21, 2019

The Portuguese economy is resisting the prevailing gloom in Europe. Activity remained strong, with GDP rising by 0.5% in the first quarter, or 1.8% at an annual rate, compared with 1.2% in the euro zone, forecasts Brussels. Following the trend of …

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Economy

US Shoe Industry Protests Possible Tariffs on Chinese Imports

By Yeco on Tuesday, May 21, 2019

More than 170 American shoe manufacturers and retailers, including such well-known athletic shoe brands as Nike, Under Armour and Adidas, urged President Donald Trump on Tuesday to exempt footwear from any further tariffs he imposes on imported goods from China. …

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Economy

AP Explains: US Sanctions on Huawei Bite, But Who Gets Hurt?

By Yeco on Tuesday, May 21, 2019

Trump administration sanctions against Huawei have begun to bite even though their dimensions remain unclear. U.S. companies that supply the Chinese tech powerhouse with computer chips saw their stock prices slump Monday, and Huawei faces decimated smartphone sales with the …

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Economy

Trade War Adds to Woes of European Companies in China

By Yeco on Monday, May 20, 2019

The U.S.-China trade war has not spared European companies in China. More than one-third of them are feeling a direct impact on their businesses and fear the situation will worsen in the coming weeks. “They [European companies] are feeling more …

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Economy

Ford to Cut 7,000 Jobs, 10% of Global Staff

By Yeco on Monday, May 20, 2019

Ford plans to cut 7,000 jobs, or 10 percent of its global workforce, as part of a reorganization as it revamps its vehicle offerings, the company said Monday. The reorganization will involve some layoffs and reassignments and should be complete …

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Economy

Vietnam, EU Eye Trade Alternative to US

By Yeco on Monday, May 20, 2019

Vietnam and Europe could be swapping more pomelo fruit and Portuguese cheese soon if a new trade deal comes into effect, linking two regions that have been looking for an alternative to the trade tensions brought on by the United …

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Economy

Huawei Founder Sees Little Effect From US Sanctions

By Yeco on Saturday, May 18, 2019

Huawei Technologies’ founder and chief executive said Saturday that the growth of the Chinese tech giant “may slow, but only slightly,” because of recent U.S. restrictions.     In remarks to the Japanese press and reported by Nikkei Asian Review, Ren Zhengfei reiterated that the …

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