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Economy

Beyond Meat Goes Public as Sales of Plant-based Meats Rise

By Yeco on Thursday, May 2, 2019

The Nasdaq is adding fake meat to its diet. Beyond Meat, the purveyor of plant-based burgers and sausages, made its debut on the stock exchange Thursday. It’s the first pure-play maker of vegan “meat” to go public, according to Renaissance …

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Economy

Trump’s Favored Sanctions Meet Resistance

By Yeco on Thursday, May 2, 2019

President Donald Trump is increasingly reliant upon economic sanctions to achieve his foreign policy goals, despite a repeated emphasis that the use of military force remains a viable option.  However, these coercive measures, analysts say, have not produced their intended …

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Economy

US, China Reportedly Near Deal to End Some Tariffs

By Yeco on Wednesday, May 1, 2019

The United States and China are nearing a trade deal that would roll back a portion of the $250 billion in U.S. tariffs on Chinese goods, Politico reported on Wednesday after U.S. Treasury Secretary Steven Mnuchin said the two countries …

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Economy

May Day Around the Globe: Workers Demand Rights, Respect

By Yeco on Wednesday, May 1, 2019

Higher salaries, better working conditions, maternity leave, minimum wage and an end to discrimination against temporary or foreign workers: These were among the concerns as hundreds of thousands of union members and labor activists rallied around the world to mark …

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Economy

May Day 2019: Workers Demand Rights, Respect

By Yeco on Wednesday, May 1, 2019

Higher salaries, better working conditions, maternity leave, minimum wage and an end to discrimination against temporary or foreign workers: These were among the concerns as hundreds of thousands of union members and labor activists rallied around the world to mark …

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Economy

Governments Prepare for May Day Protests Worldwide

By Yeco on Tuesday, April 30, 2019

Major cities around the world have ramped up security, increasing police presence and even using drones to monitor crowds expected at May Day rallies. International Workers’ Day, which is commonly known as May Day, celebrates the international labor movement on …

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Economy

New French Energy Law Puts off Difficult Climate Decisions

By Yeco on Tuesday, April 30, 2019

France has set more ambitious targets to cut carbon emissions by 2050 but few measures will take effect on President Emmanuel Macron’s watch as the “yellow vest” protest movement limits his scope for environmental protection. A draft new “energy transition …

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Economy

Warren Buffett Bankrolls Occidental’s Anadarko Bid With $10 Billion

By Yeco on Tuesday, April 30, 2019

Warren Buffett’s Berkshire Hathaway Inc committed $10 billion on Tuesday to Occidental Petroleum Corp’s $38 billion cash-and-stock bid for Anadarko Petroleum Corp, boosting its chances of snatching a deal from Chevron Corp. Occidental and Chevron are locked in the biggest …

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Economy

Kudlow: Trump Administration Eyes More Aid to Farmers if Necessary

By Yeco on Tuesday, April 30, 2019

The Trump administration is ready to provide more federal aid to farmers if required, a White House adviser said on Monday, after rolling out up to $12 billion since last year to offset agricultural losses from the trade dispute with …

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Economy

Palm Oil Development Leaves Liberians Poorer, says Winner of ‘Green Nobel’

By Yeco on Tuesday, April 30, 2019

Palm oil plantations in Liberia are billed as bringing jobs and development but actually leave locals poorer, said a Liberian lawyer who won the prestigious Goldman Environmental Prize on Monday. The U.S.-based Goldman Environmental Foundation gives the prize — often …

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Economy

Mexico President Kicks Off New Capital Airport Project

By Yeco on Tuesday, April 30, 2019

Mexican President Andres Manuel Lopez Obrador on Monday symbolically launched work on a new airport for Mexico City to replace the nearly half-built $13 billion project he cancelled upon taking office.   Lopez Obrador promised the new Felipe Angeles airport …

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Economy

IMF: US Sanctions Cutting Iranian Growth, Boosting Inflation

By Yeco on Monday, April 29, 2019

The International Monetary Fund is forecasting Iran’s economy to shrink by 6% this year as it faces pressure from U.S. sanctions. In a report released Monday, the IMF said its estimates for Iran, which include the potential for inflation to …

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Economy

Facebook Beats Profit Estimates, Sets Aside $3 billion for Privacy Penalty


By Yeco on Wednesday, April 24, 2019

Facebook Inc on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a lid on the costs of making its social networks safer, and set aside $3 billion to cover a settlement with U.S. regulators, …

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Economy

Trump’s Fed Pick Moore Draws Fire From Democrats; Republicans Silent

By Yeco on Wednesday, April 24, 2019

Stephen Moore, the economic commentator that U.S. President Donald Trump has said he will nominate to the Federal Reserve Board, is drawing new fire from top Democrats for his comments denigrating, among other targets, women and the Midwest. But Republicans, …

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Economy

Boeing Reports Lower Profits Amid 737 MAX Crisis

By Yeco on Wednesday, April 24, 2019

Boeing reported lower first-quarter profits Wednesday as the global grounding of its 737 MAX plane following two crashes hit results. The US aerospace giant reported $2.1 billion in profits, down 13.2 percent from same period a year ago. Revenues dipped …

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Economy

Analysts: China Trying to Use Belt and Road Meeting to Counter US Influence

By Yeco on Wednesday, April 24, 2019

China is getting ready to welcome representatives from 150 nations, including senior leaders of 40 countries, to discuss its international infrastructure program at the second Belt and Road Forum, beginning Thursday and running through Saturday in Beijing. Analysts say it …

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Economy

Treasury’s Mnuchin Fails to Meet Deadline to Hand Over Trump Tax Returns

By Yeco on Tuesday, April 23, 2019

U.S. Treasury Secretary Steven Mnuchin on Tuesday failed to meet a final congressional deadline for turning over President Donald Trump’s tax returns to lawmakers, setting the stage for a possible court battle between Congress and the administration. The outcome, which …

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Economy

Greek 2018 Primary Budget Surplus Exceeds Forecasts

By Yeco on Tuesday, April 23, 2019

Greece’s budget performance in 2018 was better than expected following some revenue-boosting measures by the government. According to the country’s statistical agency, Greece recorded a primary budget surplus, which excludes the cost of servicing the country’s vast public debt, of …

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Economy

Crisis-hit Greeks Foot Steep Bills for Health and Education

By Yeco on Tuesday, April 23, 2019

Every month, when his respiratory medicine runs out, Dionysis Assimakopoulos heads to the most unlikely pharmacy in Athens. Amid derelict stadiums dating from the 2004 Athens Olympic Games, the volunteer-staffed social pharmacy of Hellinikon has handed out free medicine to …

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Economy

Amazon Curtailing Business Operations in China

By Yeco on Monday, April 22, 2019

Amazon says it is curtailing business operations in China, the world’s biggest retail market, after struggling against better entrenched local players for more than a decade. The company announced recently that as of July 18, it will no longer provide …

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Economy

Vietnam to Encourage Environmentally Friendly Building Design

By Yeco on Monday, April 22, 2019

Consider that buildings can be designed, in relation to the sun, depending on whether occupants want to maximize the amount of natural light their windows let in, or to minimize the heat absorbed by the building. Or that they can …

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Economy

5 Algerian Billionaires Arrested in Anti-Graft Investigation

By Yeco on Monday, April 22, 2019

Five Algerian billionaires, some of them close to former president Abdelaziz Bouteflika who quit over mass protests, have been arrested as part of an anti-graft investigation, state TV said on Monday. They were later brought to court to face charges …

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Economy

Food Stamps, Online Grocery Shopping Are About to Mix 

By Yeco on Friday, April 19, 2019

Amazon and Walmart on Thursday kicked off a two-year government pilot program allowing low-income shoppers on government food assistance in New York to shop and pay for their groceries online for the first time.    ShopRite will join the two …

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Economy

National Enquirer Being Sold to Former Newsstand Mogul 

By Yeco on Friday, April 19, 2019

The National Enquirer is being sold to the former head of the airport newsstand company Hudson News following a rocky year in which the tabloid was accused of burying stories that could have hurt Donald Trump’s 2016 presidential campaign.    …

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