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Economy

Trump, Trudeau Upbeat About Prospects for NAFTA Deal by Friday

By Yeco on Thursday, August 30, 2018

The leaders of the United States and Canada expressed optimism on Wednesday that they could reach new NAFTA deal by a Friday deadline as negotiators prepared to talk through the night, although Canada warned that a number of tricky issues …

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Economy

US Economy Grows a Bit Faster Than First Thought

By Yeco on Wednesday, August 29, 2018

The U.S. economy expanded at a 4.2 percent annual rate in April, May and June, the Commerce Department said Wednesday. The second-quarter growth figure for gross domestic product was one-tenth of a percentage point higher than initial estimates. “The economy …

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Economy

Britain Seeks Ways to Continue Trading with Iran

By Yeco on Wednesday, August 29, 2018

British officials have been turning to Japan for tips on how to dodge American sanctions on Iran, according to local media. Britain is already seeking from Washington exemptions from some U.S. sanctions, which are being re-imposed by President Donald Trump …

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Economy

US, Canada Holding Trade Talks Following US-Mexico Pact

By Yeco on Wednesday, August 29, 2018

Negotiators from Canada and the United States are holding detailed trade negotiations in Washington as they seek to work out a replacement for the North American Free Trade Agreement. The talks come after the United States and Mexico agreed to …

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Economy

Trudeau Promises Effort to Reach Trade Agreement With US

By Yeco on Wednesday, August 29, 2018

Canadian Prime Minister Justin Trudeau says his country will negotiate new trade terms with the United States, but will only accept a deal that serves Canada’s interests. Speaking after the United States reached a tentative deal with Mexico to replace …

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Economy

China Struggles to Curb Its Reliance on US Buyers, Suppliers

By Yeco on Wednesday, August 29, 2018

Faced with plunging U.S. orders, surgical glove maker Ren Jiding is hunting for new markets amid Chinese government calls to reduce reliance on the United States. But no other market can absorb the 60 percent of his sales that went to …

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Economy

After Flood, Tourism in India’s Kerala Left a Muddy Mess

By Yeco on Wednesday, August 29, 2018

More than a week after the floodwater began subsiding, animal carcasses are  still floating in Kerala’s backwaters, and in places a nauseating stench rises like a wall when the wake from a passing boat breaks the surface. These inland lagoons …

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Economy

US Trade Chief: Both US, Mexico Winners in New Pact

By Yeco on Tuesday, August 28, 2018

The tentative new U.S. trade deal with Mexico is a win for both countries, U.S. Trade Representative Robert Lighthizer believes, creating more jobs for workers and farmers alike. Final details have yet to be worked out in the trade deal …

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Economy

US, Canada Set for Talks to Revise NAFTA

By Yeco on Tuesday, August 28, 2018

With a deal with Mexico out of the way, U.S. trade officials are due to resume talks with Canada on Tuesday to try to salvage the North American Free Trade Agreement as a trilateral accord. After months of intense negotiations, …

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Economy

Carnival-crazy Trinidad Seeks New Economic Muse in Culture

By Yeco on Tuesday, August 28, 2018

The word for the night was “heat.” With that prompt, spoken word artists delivered poems about love, sex, gangs, street food, public transport and even a trip to the barbershop. Sipping beer and rum, the fashionable 100-strong crowd in this …

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Economy

China Defends ‘New Silk Road’ Against Debt Complaints

By Yeco on Monday, August 27, 2018

Chinese officials on Monday defended Beijing’s initiative to build a “New Silk Road” of railways and other infrastructure across Asia against complaints it leaves host countries with too much debt after Malaysia canceled two high-profile projects. The officials said President …

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Economy

Turkey: US Trade Sanctions Could Destabilize Region

By Yeco on Monday, August 27, 2018

Turkey warned on Monday that U.S. trade sanctions against it could destabilize the Middle East and ultimately bolster terrorism and the refugee crisis, underscoring the regional impact of Ankara’s deepening rift with Washington. Turkish Finance Minister Berat Albayrak, who is …

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Economy

UN: In Battles Over Land Rights, Activists Branded as Criminals

By Yeco on Monday, August 27, 2018

Governments and corporations are increasingly using legal persecution to portray indigenous activists as criminals and terrorists, putting them at heightened risk of violence, the United Nations said Monday. Indigenous leaders and campaigners fighting to protect land from development are being …

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Economy

US Blocks WTO Judge Reappointment as Dispute Settlement Crisis Looms

By Yeco on Monday, August 27, 2018

The United States told the World Trade Organization on Monday it would block the reappointment of one of the WTO’s four remaining appeals judges next month, confirming trade experts’ fears of a crisis in the system for settling global rows. …

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Economy

Mexico Minister says in ‘Final Hours’ of Bilateral NAFTA Talks

By Yeco on Sunday, August 26, 2018

Mexico’s Economy Minister Ildefonso Guajardo said on Sunday that bilateral negotiations with the United States about the North American Free Trade Agreement (NAFTA) were in the “final hours.” Speaking as he arrived for talks at the U.S. Trade Representative’s office, …

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Economy

The Success Story Behind ‘John’s Crazy Socks’

By Yeco on Sunday, August 26, 2018

John Cronin has never been one to let disability hold him back. The 22-year-old from Long Island, N.Y., was born with Down syndrome, a genetic disorder that causes developmental and intellectual delays. Motivated by his family’s love and encouragement, Cronin …

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Economy

Musk Says Investors Convinced Him Tesla Should Stay Public

By Yeco on Saturday, August 25, 2018

Tesla Inc. CEO Elon Musk says investors have convinced him that he shouldn’t take the company private, so the firm will remain on the public stock markets. The eccentric and sometimes erratic CEO said in a statement late Friday that …

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Economy

US Commerce’s Ross Picks ZTE Monitor After Rejecting ‘Never Trump’ Lawyer

By Yeco on Friday, August 24, 2018

U.S. Commerce Secretary Wilbur Ross has appointed a former federal prosecutor to monitor China’s ZTE Corp — after people familiar with the matter said he rescinded an offer to a former U.S. official for signing a “Never Trump” letter before …

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Economy

Fed Watchers Listen for Rate Hints in Powell Speech Friday

By Yeco on Friday, August 24, 2018

Federal Reserve Chairman Jerome Powell will not lack for urgent topics to address when he gives the keynote speech Friday to an annual gathering of global central bankers in Jackson Hole, Wyoming. Fed watchers will be listening for anything Powell …

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Economy

Powell Signals More Hikes Ahead if US Economy Stays Strong

By Yeco on Friday, August 24, 2018

Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. Powell added that while annual inflation has risen to near the Fed’s 2 percent target …

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Economy

US, China Exchange New Round of Tariffs in Trade War

By Yeco on Thursday, August 23, 2018

A new set of tit-for-tat tariffs imposed by the United States and China on each other’s goods took effect Thursday. The U.S. announced earlier this month that it would impose 25 percent tariffs on $16 billion worth of Chinese goods, …

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Economy

After Summer’s Growth Revisions, Macron Has Budget Work Cut Out

By Yeco on Wednesday, August 22, 2018

French President Emmanuel Macron will make the tough political choices needed to meet his deficit commitments, his government spokesman said, as he looked to put a bodyguard scandal behind him at his first Cabinet meeting after the summer break. Macron …

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Economy

EXCLUSIVE – Sources: Aramco Listing Plan Halted, Oil Giant Disbands Advisors

By Yeco on Wednesday, August 22, 2018

Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, four senior industry sources said on Wednesday. The financial advisors working on the proposed listing …

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Economy

Disney Offers Tuition for Hourly Workers in Tight Job Market

By Yeco on Wednesday, August 22, 2018

Disney is offering to pay full tuition for hourly workers who want to earn a college degree or finish a high school diploma. The Walt Disney Co. said Wednesday it will pay upfront tuition to workers who want to take …

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