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Economy

US Penalizes British Bank $1B in Iranian Trade Sanctions Case   

By Yeco on Tuesday, April 9, 2019

Britain’s Standard Charter Bank has agreed to more than $1 billion in fines and forfeited assets to the U.S. and New York state for violating U.S. sanctions against trade with Iran. Federal and state prosecutors said Tuesday that between 2007 …

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Economy

More Indonesians Join Cases Against Boeing After CEO Apology

By Yeco on Tuesday, April 9, 2019

More families of victims of the Lion Air crash in Indonesia are suing Boeing after its chief executive apologized and said a software update for the MAX 8 jet would prevent further disasters. Family members and lawyers said Monday that …

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Economy

China: BRI Investments Boost Pakistan Economic Structure

By Yeco on Tuesday, April 9, 2019

China and Pakistan say their ongoing multibillion-dollar infrastructure development cooperation program under Beijing’s global Belt and Road Initiative (BRI) has entered the next stage after achieving initial targets, dismissing reports the project increased Islamabad’s debt burden rather than boosting economic …

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Economy

Venezuela Pledges to Honor Oil Commitments to Cuba Despite Sanctions

By Yeco on Tuesday, April 9, 2019

Venezuela will “fulfill its commitments” to Cuba despite United States sanctions targeting oil shipments from the South American country to its ideological ally, Foreign Minister Jorge Arreaza said on Monday. Washington on Friday imposed sanctions on 34 vessels owned or …

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Economy

Czechs View NATO and EU as Cornerstones of Peace and Prosperity

By Yeco on Monday, April 8, 2019

As the North Atlantic Treaty Organization (NATO) heads into its eighth decade amidst doubts in some quarters of its contemporary relevance, the Czech Republic’s Foreign Minister tells VOA that there’s “huge consensus” among political parties in his country in support …

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Economy

Nissan Ousts Ghosn and Kelly; Renault’s Senard New Chairman

By Yeco on Monday, April 8, 2019

Japanese automaker Nissan has ousted from its board former chairman Carlos Ghosn and another executive, American Greg Kelly, who are facing charges of financial misconduct. Nissan shareholders approved the measure Monday after a three-hour extraordinary meeting at a Tokyo hotel. …

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Economy

American Airlines Extends Max-Caused Cancellations to June 5

By Yeco on Sunday, April 7, 2019

American Airlines is extending by over a month its cancellations of about 90 daily flights as the troubled 737 Max plane remains grounded by regulators. American said Sunday it is extending the cancellations through June 5 from the earlier timeframe …

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Economy

No Breakthrough Expected in EU-China Summit

By Yeco on Sunday, April 7, 2019

Top EU leaders meet Chinese Premier Li Keqiang this week at a summit in Brussels, but their hopes of winning solid commitments on trade look set for disappointment. Brussels is trying to beef up its approach to the Asian giant …

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Economy

Hiring Rebounds as US Employers Add a Solid 196,000 Jobs

By Yeco on Friday, April 5, 2019

in the United States rebounded in March as U.S. employers added a solid 196,000 jobs, up sharply from February’s scant gain and evidence that many businesses still want to hire despite signs that the economy is slowing. The unemployment rate …

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Economy

Pompeo Cautions NATO Allies: China’s Outreach Has ‘National Security Component’

By Yeco on Thursday, April 4, 2019

Secretary of State Mike Pompeo told visiting NATO foreign ministers Thursday that the 29 country alliance must alter its approach to developing threats, singling out Russian aggression and China’s “strategic competition.” Pompeo cautioned his NATO allies that there is a …

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Economy

Despite Further Talks, No US-China Deal Yet   

By Yeco on Thursday, April 4, 2019

The U.S. president and the vice premier of China confirmed on Thursday that while significant progress has been made, there is no new trade agreement yet between the world’s two largest economies.  “We’re certainly getting a lot closer,” Trump said …

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Economy

New North American Trade Deal Faces Hurdles in US Congress

By Yeco on Thursday, April 4, 2019

U.S. lawmakers of both parties say hurdles remain for approving a new trade pact between the United States, Canada and Mexico, rejecting President Donald Trump’s call for prompt votes on a replacement for the North American Free Trade Agreement, NAFTA. …

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Economy

China Tech Workers Protest Long Work Hours in Online Campaign

By Yeco on Thursday, April 4, 2019

Joyce Huang contributed to this report. BEIJING – An online campaign protesting the long hours Chinese high-tech employees work has gone viral on the Internet in China. At the same time, it is putting an uncomfortable light on the labor …

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Economy

British PM Scrambles to Avoid Chaotic Brexit Finale

By Yeco on Thursday, April 4, 2019

Britain’s government redoubled its efforts Thursday to win over the main opposition party in a last-gasp bid to avoid a chaotic exit from the European Union next week. The latest round of talks came after lawmakers tried to safeguard against …

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Economy

US Says Will Not Send High-Level Officials to China’s Silk Road Summit

By Yeco on Wednesday, April 3, 2019

The United States will not send high-level officials to attend China’s second Belt and Road summit in Beijing this month, a spokesperson for the U.S. State Department said on Tuesday, citing concerns about financing practices for the project. China’s top …

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Economy

Report: Asian Economies Lag as Trade Tensions Drag on Growth

By Yeco on Wednesday, April 3, 2019

Trade tensions between China and the United States are putting a drag on economies in the region, with growth likely to continue to slow in the coming two years, the Asian Development Bank says in a report released Wednesday.   …

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Economy

Citing Climate Differences, Shell Walks Away From US Refining Lobby

By Yeco on Wednesday, April 3, 2019

Royal Dutch Shell on Tuesday became the first major oil and gas company to announce plans to leave a leading U.S. refining lobby due to disagreement on climate policies, citing its support for the goals of the Paris climate agreement. …

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Economy

World Trade Forecasts Slashed Again Amid US-China Standoff

By Yeco on Tuesday, April 2, 2019

The World Trade Organization has cut its forecast for trade growth this year by more than a percentage point, to 2.6 percent, due to an economic slowdown and amid a trade conflict between the United States and China. The downgrade — …

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Economy

NATO Celebrates 70th Anniversary, But Demands Rise For European Burden-Sharing

By Yeco on Tuesday, April 2, 2019

On April 4th, 2019, NATO members will mark the 70th anniversary of the signing of the North Atlantic Treaty — part of a successful effort to contain Soviet expansionism and to cajole the war-torn nations of Western Europe to forsake …

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Economy

NATO Marking 70th Anniversary in Washington Amid Transatlantic Tensions

By Yeco on Tuesday, April 2, 2019

NATO foreign ministers are gathering in Washington, D.C. this week to celebrate the 70th anniversary of the North Atlantic Treaty Organization. President Donald Trump has been critical of the alliance, blasting other members for under-investing on defense and relying too …

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Economy

Kellogg Selling Keebler and Other Brands for $1.3 Billion

By Yeco on Monday, April 1, 2019

Kellogg is selling its iconic Keebler cookie brand and other sweet snacks businesses to Ferrero for $1.3 billion. The Battle Creek, Michigan-based Kellogg Co. says the brands in the deal generated sales of $900 million and profits of $75 million …

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Economy

South Dakota Farmers to Plant More Corn, Less Soybeans

By Yeco on Monday, April 1, 2019

South Dakota farmers this spring are expected to plant more corn than they did last year but less soybeans. The Agriculture Department projects South Dakota’s corn crop at 6 million acres, up 13 percent from 2018. The soybean crop is …

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Economy

Bait Crisis Could Take the Steam Out of Lobster This Summer

By Yeco on Sunday, March 31, 2019

The boom times for the U.S. lobster industry are imperiled this year because of a shortage of a little fish that has been luring the crustaceans into traps for hundreds of years. Members of the lobster business fear a looming …

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Economy

World Turns Off Lights for Earth Hour 

By Yeco on Saturday, March 30, 2019

The Eiffel Tower, the Empire State Building, the Sydney Opera House, the Brandenburg Gate, the Acropolis and many more iconic landmarks went dark at 8:30 p.m. local time, Saturday night, for Earth Hour, an annual call for local action on …

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