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Economy

Mnuchin: Powell and Trump Had ‘Productive’ Meeting

By Yeco on Wednesday, February 6, 2019

Treasury Secretary Steven Mnuchin said Wednesday that President Donald Trump had a “quite productive” dinner with Federal Reserve Chairman Jerome Powell. He says they discussed a wide range of subjects, from the state of the economy to the Super Bowl …

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Economy

Algerian Brain Drain is Pre-election Headache for Government

By Yeco on Wednesday, February 6, 2019

No matter who wins Algeria’s presidential election, 29-year-old cardiologist Moumen Mohamed plans to seek his fortune elsewhere. He is one of a growing number of young, educated Algerians who are looking for work in Europe or the Gulf to escape …

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Economy

Patient at Pennsylvania Hospital Being Tested for Ebola

By Yeco on Wednesday, February 6, 2019

A patient is being tested for Ebola at a hospital in Philadelphia, although officials don’t believe the patient has the potentially deadly illness. Penn Medicine says preliminary testing at the Hospital of the University of Pennsylvania indicates the person has …

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Economy

Rwanda Signs $400M Deal to Produce Methane Gas from ‘Killer Lake’

By Yeco on Wednesday, February 6, 2019

Rwanda said on Tuesday it had signed a $400 million deal to produce bottled gas from Lake Kivu, which emits such dense clouds of methane it is known as one of Africa’s “Killer Lakes.” The project by Gasmeth Energy, owned …

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Economy

Uruguay Betting on Exports of Medical Marijuana

By Yeco on Wednesday, February 6, 2019

When he was younger, the only thing that Enrique Morales knew about marijuana was that you smoked it to get high.   Today, the former driver is a horticulturist on a cannabis plantation about 80 miles (130 kilometers) west of …

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Economy

Lunar New Year Allows US Companies to Find Prosperity Too

By Yeco on Tuesday, February 5, 2019

As Asian-Americans across the U.S. mark the Lunar New Year on Tuesday, they can celebrate by eating Mickey Mouse-shaped tofu, sporting a pair of Year of the Pig-inspired Nike shoes and by snacking on pricey cupcakes. The delicacies and traditions …

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Economy

Zambia Mine Marginalization Case Highlights Africa-Wide Issue

By Yeco on Tuesday, February 5, 2019

Zambia’s profitable copper mining industry is making its citizens poor, an explosive new report by a southern African research organization says.  The report by Southern Africa Resource Watch examined conditions in the community around one mine in northwestern Zambia, where …

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Economy

Zimbabwe’s Teachers Report Intimidation as Strike Begins

By Yeco on Tuesday, February 5, 2019

Zimbabwe’s public teachers are alleging intimidation as they try to launch a nationwide strike for better salaries. Some urban teachers tell The Associated Press that riot police are guarding classrooms, while public service inspectors are moving around and marking attendance …

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Economy

Trump to Tap David Malpass, Critic of World Bank, to Lead It

By Yeco on Tuesday, February 5, 2019

The World Bank may be poised for a shake-up with President Donald Trump planning to nominate David Malpass, a Trump administration critic, to lead the institution focused on global poverty.   Malpass’ selection was confirmed by a senior administration official …

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Economy

US Trade Agency Sees Negotiating New WTO Rules to Rein in China as Futile

By Yeco on Tuesday, February 5, 2019

Negotiating new World Trade Organization rules to try to rein in China’s “mercantilist” trade practices would be largely a futile exercise, the Trump administration’s trade office said on Monday, vowing to pursue its unilateral approach to protect U.S. workers, farmers …

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Economy

Brazil Mulls Minimum Retirement Age of 65 for Men and Women

By Yeco on Tuesday, February 5, 2019

Brazil’s government has opened discussions with congressional leaders, state governors and mayors on a pension reform bill that would set the minimum retirement age for men and women at 65, a government official said on Monday. The proposal is one …

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Economy

For Migrants in Russia, Shattered Dreams and Uncertain Futures

By Yeco on Tuesday, February 5, 2019

Long before she became just one of the financially destitute legions of street sweepers that dot Moscow’s bitterly cold winter landscape, Shaknoza Ishankulova had simply wanted to do the right thing. It was 2008, and the recent Uzbekistan National University …

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Economy

Judge Approves Massive Puerto Rico Debt Restructuring Deal

By Yeco on Tuesday, February 5, 2019

A federal bankruptcy judge approved a major debt restructuring plan for Puerto Rico on Monday in the first deal of its kind for the U.S. territory since the island’s government declared nearly four years ago that it was unable to …

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Economy

Report: Huawei CFO May Fight Extradition by Claiming US Political Motive

By Yeco on Tuesday, February 5, 2019

Huawei executive Meng Wanzhou, who was arrested in Canada and faces possible extradition to the United States, is exploring a defense that claims U.S. charges against her are politically motivated, the Globe and Mail newspaper reported on Monday. Meng, the …

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Economy

Nissan Cancels Plans to Make SUV in UK

By Yeco on Sunday, February 3, 2019

Nissan announced Sunday it has cancelled plans to make its X-Trail SUV in the UK — a sharp blow to British Prime Minister Theresa May, who fought to have the model built in northern England as she sought to shore …

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Economy

Business Space for Women Fosters Creativity, Cooperation

By Yeco on Saturday, February 2, 2019

Finding a comfortable working environment can sometimes be difficult, especially for women working in male-dominated fields like science and technology. But some new startups are all about creating spaces that cater to and are dominated by women. VOA’s Kevin Enochs …

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Economy

Optimism, But No Concrete Progress at US-China Trade Talks

By Yeco on Saturday, February 2, 2019

The most recent round of trade talks between the United States and China concluded in Washington this week with no firm deal other than a commitment to keep talking. Nike Ching reports on the status of the talks between the …

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Economy

Mexican President’s Flub Becomes Wage Win at Border Factories

By Yeco on Saturday, February 2, 2019

A mass strike at 48 “maquiladora,” or manufacturer, plants in Mexico’s border city of Matamoros is heading for victory, bringing pay raises for laborers who make less than $1 an hour, or about 100 pesos a day, assembling auto components …

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Economy

Why Wealthy Americans Are Renting Instead of Buying

By Yeco on Saturday, February 2, 2019

Although they can afford to purchase a home, more well-to-do Americans are choosing to rent instead. The number of U.S. households earning at least $150,000 annually that chose to rent rather than buy skyrocketed 175 percent between 2007 and 2017, …

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Economy

Robust Job Gain in January Shows US Economy’s Durability

By Yeco on Friday, February 1, 2019

U.S. employers shrugged off last month’s partial shutdown of the government and engaged in a burst of hiring in January, adding 304,000 jobs, the most in nearly a year. The healthy gain the government reported Friday illustrated the job market’s …

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Economy

Hit by Sanctions, Asia’s Iran Crude Oil Imports Drop to 3-Year Low in 2018

By Yeco on Thursday, January 31, 2019

Iranian crude oil imports by Asia’s top four buyers dropped to the lowest volume in three years in 2018 amid U.S. sanctions on Tehran, but China and India stepped up imports in December after getting waivers from Washington. Asia’s top …

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Economy

Ghirardelli, Russel Stover Fined over Chocolate Packaging

By Yeco on Thursday, January 31, 2019

Ghirardelli and Russell Stover have agreed to pay $750,000 in fines after prosecutors in California said they offered a little chocolate in a lot of wrapping. Prosecutors in Sacramento, San Joaquin, Shasta, Fresno, Santa Cruz and Yolo counties sued the …

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Economy

Trump Order Asks Federal Fund Recipients to Buy US Goods

By Yeco on Thursday, January 31, 2019

President Donald Trump will sign an executive order Thursday pushing those who receive federal funds to “buy American.” The aim is to boost U.S. manufacturing. Peter Navarro, director of the White House National Trade Council, told reporters during a telephone …

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Economy

Loss of US Newspapers Seen Contributing to Political Polarization

By Yeco on Wednesday, January 30, 2019

The steady loss of local newspapers and journalists across the country contributes to the nation’s political polarization, a new study has found.    With fewer opportunities to find out about local politicians, citizens are more likely to turn to national …

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