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Economy

Trump Team, Canada Officials Resume Talks to Revamp NAFTA

By Yeco on Wednesday, September 5, 2018

Trump administration officials and Canadian negotiators are resuming talks to try to keep Canada in a North American trade bloc with the United States and Mexico. “We are looking forward to constructive conversations today,” Canadian Foreign Affairs Minister Chrystia Freeland …

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Economy

East Africa Gets Easy Money Transfer System

By Yeco on Wednesday, September 5, 2018

An international money transfer company has launched an online service for East Africans to send and receive money more easily. Analysts say WorldRemit will lower the cost of transferring money and boost African trade and economies. Africa has become a …

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Economy

Collapsing Emerging-Market Currencies Spark Concerns

By Yeco on Wednesday, September 5, 2018

First it was Argentina, quickly followed by Turkey. Now anxious investors and policy-makers are watching with alarm the plummeting currencies of several emerging-market economies, most of which have borrowed heavily in dollars. The nosediving currencies are prompting fears of a …

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Economy

Wild Blueberries Sing the Blues, With Industry in Decline

By Yeco on Wednesday, September 5, 2018

In the era of superfoods, Maine blueberries aren’t so super.   The Maine wild blueberry industry harvests one of the most beloved fruit crops in New England, but it’s locked in a downward skid in a time when other nutrition-packed …

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Economy

Venezuelan Gas Lines Stretch as New Payment System Flops

By Yeco on Wednesday, September 5, 2018

Frustrated Venezuelan drivers faced lengthy lines for gasoline in border states Tuesday as the government struggled to roll out a new payment system that President Nicolas Maduro says will reduce smuggling of heavily subsidized fuel. Maduro says the payment system …

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Economy

Argentina Seeks Early Release of Funds from IMF

By Yeco on Wednesday, September 5, 2018

Argentina will have to wait at least until the second half of September to find out whether the International Monetary Fund will agree to the early release of a credit line under a $50 billion backup financing arrangement approved earlier …

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Economy

Alaska Village Experiences Boom in Polar Bear Tourism 

By Yeco on Tuesday, September 4, 2018

A tiny Alaska Native village has experienced a boom in tourism in recent years as polar bears spend more time on land than on diminishing Arctic sea ice. More than 2,000 people visited the northern Alaska village of Kaktovik on …

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Economy

Cars Now Cruising Down the Monthly Subscription Highway

By Yeco on Tuesday, September 4, 2018

If you already subscribe to digital services like Netflix to binge on TV shows and Spotify to groove to an endless mix of music, the auto industry might have a deal for you: Subscribe to your next car as well. …

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Economy

Turkish Inflation Soars, Fueling Fears of Economic Crisis

By Yeco on Tuesday, September 4, 2018

Turkey saw the inflation rate rise to nearly 18 percent in August, a 15-year high fueled by a collapse in the Turkish lira, which fell more than 20 percent over the past few weeks. The rising inflation and a falling …

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Economy

Yemen to Give Civil Servants Raises; Protests Rage Against Economy

By Yeco on Tuesday, September 4, 2018

Yemen’s government says it is giving civil servants and pensioners pay raises, after protests against the country’s woeful economy nearly paralyzed a major port city Sunday. Officials have not said when the raises would take effect or how much they …

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Economy

Bonbast Website: Iranian Rial Hits Record Low at 128,000 to Dollar

By Yeco on Monday, September 3, 2018

The Iranian rial hit a record low against the U.S. dollar on the unofficial market Monday amid a deterioration in the economic situation and the reimposition of sanctions by the United States. The dollar was being offered for as much …

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Economy

Trump Sees Mixing Trade, Foreign Policy as Good Politics

By Yeco on Monday, September 3, 2018

When President Donald Trump pulled the plug on an upcoming trip to North Korea by his secretary of state, he pointed a finger of blame at China and the global superpower’s trade practices. In his recent trade breakthrough with Mexico, …

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Economy

Hope, Caution as Kim Jong Un Shifts to North Korea’s Economy

By Yeco on Monday, September 3, 2018

Tanned and wearing a swimsuit, So Myong Il walks to the barbecue pit and throws on some clams.   He obviously loves the beach he’s on as well as the rugged, emerald Chilbo mountains that rise abruptly behind it. He …

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Economy

IOM: Returning Nigerian Migrants Benefit from Business Training Skills

By Yeco on Sunday, September 2, 2018

The International Organization for Migration reports more than 270 Nigerian migrants who recently returned from Libya have completed a skills training course to help them start their own businesses. Migrants attending this weeklong event in the Nigerian capital Lagos have …

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Economy

Bankers Seek Consolation Prizes After Shelved Aramco IPO

By Yeco on Sunday, September 2, 2018

Investment banks which lost out on big payouts for the work on the shelved listing of oil giant Aramco are lining up for a raft of other projects as Saudi Arabia pursues reforms. Banks including JPMorgan and Morgan Stanley worked …

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Economy

Internship Aims to Create More Diversity in Hollywood Behind the Scenes

By Yeco on Sunday, September 2, 2018

The film industry organization that presents the Academy Awards is also developing young talent through a program called Academy Gold — an internship and mentoring program for students and young professionals from communities currently underrepresented in Hollywood. Some of the …

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Economy

Forget About Buying a House, Some See Advantages to Co-Living

By Yeco on Sunday, September 2, 2018

Owning your home is the most popular definition of the American Dream. But in today’s economy, more Americans are opting out of buying or renting. Some are choosing to live in housing cooperatives, or “co-living” arrangements, where tenants rent bedrooms …

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Economy

Scientists: Less Food for People as Global Warming Makes Insects Eat More

By Yeco on Sunday, September 2, 2018

A new U.S. study finds that when temperatures around the world start creeping up, insects that eat crops will not only become hungrier, their numbers will grow. Scientists say this will mean more insect damage to wheat, corn and rice …

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Economy

Activists: Proposed Myanmar Highway ‘Ecological, Social Disaster’

By Yeco on Saturday, September 1, 2018

Community and conservation groups in Myanmar have branded a planned highway linking a port project to Thailand an “ecological and social disaster,” saying it would uproot indigenous people from their homes and farms. Critics said an environmental and social impact …

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Economy

US to Proceed With Mexico Trade Pact, Keep Talking to Canada

By Yeco on Friday, August 31, 2018

U.S. President Donald Trump notified Congress on Friday of his intent to sign a trade agreement with Mexico after talks with Canada broke up earlier in the day with no immediate deal to revamp the tri-nation North American Free Trade Agreement. U.S. Trade Representative …

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Economy

Coca-Cola Hopes for Caffeine Hit as It Buys Costa Coffee Chain

By Yeco on Friday, August 31, 2018

Coca-Cola is hoping for a caffeine-fueled boost with the acquisition of British coffee chain Costa. Costa is Britain’s biggest coffee company, with over 2,400 coffee shops in the U.K. and another 1,400 in more than 30 countries, including around 460 …

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Economy

US Ports Fear Tariffs Could Reduce Ship Traffic, Jobs

By Yeco on Friday, August 31, 2018

Ports and ground terminals in nearly every state handle goods that are now or will likely soon be covered by import tariffs. Port executives worry that this could mean a slowdown in shipping that would have ripple effects on truckers …

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Economy

Canada, US Push Toward NAFTA Deal by Friday

By Yeco on Friday, August 31, 2018

Top NAFTA negotiators from Canada and the United States increased the pace of their negotiations Thursday to resolve final differences to meet a Friday deadline, with their Mexican counterpart on standby to rejoin the talks soon. Despite some contentious issues …

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Economy

Trump OKs Tariff Relief for Three Countries

By Yeco on Thursday, August 30, 2018

U.S. President Donald Trump has signed proclamations permitting targeted relief from steel and aluminum quotas from some countries, the U.S. Commerce Department said on Wednesday. Trump, who put in place tariffs on steel and aluminum imports in March, signed proclamations …

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