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Economy

Key US Senator Says Tariffs on Steel, Aluminum Should Go 

By Yeco on Wednesday, January 30, 2019

Republican U.S. Senator Chuck Grassley on Wednesday called on the Trump administration to lift tariffs on steel and aluminum imports from Canada and Mexico before Congress begins considering legislation to implement the new U.S.-Mexico-Canada (USMCA) trade deal.  The three countries on Nov. 30 …

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Economy

Zimbabwe Public Workers Divided Over Strike After Talks Fail

By Yeco on Wednesday, January 30, 2019

Zimbabwe’s public sector unions were divided on Wednesday over whether to launch a national strike after wage talks with the government failed, leaving the country on edge over the possibility of more unrest. Zimbabwe was rocked by violent protests for …

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Economy

‘Yellow Vests’ Put French Government on Spot Over Power Prices

By Yeco on Wednesday, January 30, 2019

France’s energy regulator is proposing a 5.9 percent increase in regulated power prices but faces opposition from the government which had promised not to increase the cost after the “yellow vest” protests. Following the first wave of protests in November …

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Economy

Again, Bill to Ensure Equal Pay for Women Introduced in Congress

By Yeco on Wednesday, January 30, 2019

Democrats in the U.S. Congress introduced a bill on Wednesday morning to ensure equal pay for women and transparency from employers.  The legislation would require employers to prove that current pay disparities between the sexes are job-related.  Women make up nearly half …

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Economy

Brazil’s Vale Eyed Dam Design Changes in 2009

By Yeco on Wednesday, January 30, 2019

Brazilian miner Vale SA identified concerns around its tailings dams in 2009 and studied but did not implement several steps that could have prevented or lessened the damage from last week’s deadly disaster, according to a corporate presentation seen by …

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Economy

US Announces Sanctions on Venezuela’s State-Owned Oil Company

By Yeco on Tuesday, January 29, 2019

The U.S. has imposed sanctions on Venezuela’s state-owned oil company, PdVSA, in an increased effort to pressure Nicolás Maduro to relinquish power to Juan Guaidó, now recognized by the U.S. and a number of other nations as the country’s legitimate …

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Economy

Brazil Eyes Management Overhaul for Vale After Dam Disaster

By Yeco on Tuesday, January 29, 2019

Brazil eyes management overhaul for Vale after dam disaster Brazil’s government weighed pushing for a management overhaul at iron ore miner Vale SA on Monday as grief over the hundreds feared killed by a dam burst turned into anger, with …

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Economy

Wargaming for Brexit as May’s Government Faces More Setbacks

By Yeco on Monday, January 28, 2019

British officials are war-gaming various strategies for coping with the disruption of Britain leaving the European Union without an exit deal, including declaring a state of emergency and martial law to avert disorder provoked by possible food shortages and energy …

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Economy

US Action on Russian Tycoon Showed Sanctions’ Power, Limits

By Yeco on Monday, January 28, 2019

The U.S. Treasury has lifted sanctions on three Russian companies connected to Russian billionaire Oleg Deripaska, reversing a move which wreaked havoc on global aluminum markets last year. To the Treasury and supporters of the move, it was an example …

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Economy

Report: Government Shutdown Cost US Economy $3 Billion

By Yeco on Monday, January 28, 2019

The longest-ever partial U.S. government shutdown cost the country’s economy $3 billion in lost economic activity that won’t be recovered, the Congressional Budget Office concluded Monday. The CBO said its assessment of the effects of the 35-day shutdown on the …

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Economy

China Foreign Investment Law Raises Concern

By Yeco on Monday, January 28, 2019

China is moving quickly to push forward a draft version of its first Foreign Investment Law this week.   Among other things, the proposed law bans forced technology transfers, guarantees national treatment for foreign investors and steps up intellectual property right protections — all key issues …

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Economy

Malawi Looks to Cannabis to Supplement Lost Tobacco Earnings

By Yeco on Monday, January 28, 2019

Malawi is the latest African country to look at legalizing cannabis, the plant that produces hemp and marijuana, after similar moves in Lesotho, South Africa, and Zimbabwe. As Malawi’s tobacco industry, the country’s biggest foreign exchange earner, has dwindled due …

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Economy

Leaders Skip Davos Amid Domestic Troubles, Anti-Globalist Backlash

By Yeco on Sunday, January 27, 2019

The World Economic Forum summit in Davos, Switzerland, that wrapped up Friday, had some notable absentees, including U.S. President Donald Trump. With a backlash against a perceived ruling elite gaining ground in many countries, analysts say some leaders steered clear of a gathering …

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Economy

At Davos, Nearly half WTO Members Agree to Talks on new e-Commerce Rules

By Yeco on Friday, January 25, 2019

Impatient with the lack of World Trade Organization rules to cover the explosive growth of e-commerce, 76 countries and regions agreed on Friday to start negotiating this year on a set of open and predictable regulations. The WTO’s 164 members …

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Economy

US House Republican Introduces Bill to Grant Trump More Tariff Power

By Yeco on Friday, January 25, 2019

A Republican U.S. representative on Thursday introduced White House-drafted legislation that would give President Donald Trump more power to levy tariffs on imported goods in an effort to pressure other countries to lower their duties and other trade barriers. The …

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Economy

EU’s Malmstrom: Europe Should be More Ambitious on Climate Change

By Yeco on Thursday, January 24, 2019

European Trade Commissioner Cecilia Malmstrom said on Thursday that Europe should be more ambitious on issues such as climate change as a way to unite the bloc around a single vision. “We need a great debate on the future of …

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Economy

EU Calls for Tougher Checks on Golden Visa Applicants

By Yeco on Wednesday, January 23, 2019

The European Union on Wednesday warned countries running lucrative schemes granting passports and visas to rich foreigners to toughen checks on applicants amid concern they could be flouting security, money laundering and tax laws. EU countries have welcomed in more …

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Economy

Best and Worst Jobs of the Future

By Yeco on Wednesday, January 23, 2019

The hottest job of the future might be app developer. All you have to do is look at what you’re holding in the palm of your hand to figure out why. “All of us use our cellphones probably more than …

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Economy

Davos Annual Meeting Open Amid Trade Wars, Slow Growth and Brexit

By Yeco on Wednesday, January 23, 2019

The annual World Economic Forum opened today in Switzerland against a backdrop of anxieties over trade disputes, Brexit and a growth slowdown that some fear could tip the world economy. VOA’s Mariama Diallo reports. …

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Economy

White House Denies Reports of Canceled Trade Meeting

By Yeco on Wednesday, January 23, 2019

The White House on Tuesday said high-level trade talks with Beijing were proceeding uninterrupted, quickly rebutting media reports that progress toward resolving their trade war had faltered. Chinese Vice Premier Liu He is to meet his U.S. counterparts in Washington …

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Economy

Minister: Nigeria to Recommend 50 Percent Hike in Minimum Wage

By Yeco on Tuesday, January 22, 2019

Nigeria is to send a bill recommending a national minimum monthly wage rise of 50 percent to 27,000 naira ($88) to lawmakers in the national assembly, the labor minister said on Tuesday. Cost of living is a major campaign issue …

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Economy

Brazil’s Nationalist Leader to Address Davos Globalist Crowd

By Yeco on Tuesday, January 22, 2019

Brazilian President Jair Bolsonaro will headline the first full day of the World Economic Forum in Davos, Switzerland, with a speech to political and business leaders.   The nationalist leader is attending an event that has long represented business’s interest …

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Economy

Economists: Political Uncertainties, Trade Tensions Affect Economic Growth

By Yeco on Tuesday, January 22, 2019

Economists warn that political uncertainties and trade tensions could undermine global economic growth. Rights groups warn of the dangers of growing economic inequality. About 3,000 political and economic leaders have gathered in the Swiss resort town of Davos to discuss …

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Economy

UN Forecasts Global Economic Growth Around 3 Percent in 2019

By Yeco on Monday, January 21, 2019

The United Nations is forecasting that the global economy will grow by around 3 percent in 2019 and 2020, but says waning support for multilateralism, escalating trade disputes, increasing debt and rising climate risks are clouding prospects The United Nations …

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