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Economy

Activists: Thousands of Congolese Threatened by National Park Oil Plans

By Yeco on Monday, July 16, 2018

Democratic Republic of Congo’s plan to drill for oil in national parks could leave thousands of farmers and fishermen who rely on the land in a struggle to survive, rights groups said Monday. The central African country announced last month …

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Economy

UN Envoy Says Reforms Needed to Resume Libyan Oil Production

By Yeco on Monday, July 16, 2018

The U.N. envoy for Libya said Monday he fears the recent agreement to resume oil production in the conflict-torn country will not hold unless two issues are speedily tackled — distribution of wealth and “endemic plundering of resources.” Ghassan Salame told …

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Economy

Top US Official: China Overloading Poor Nations With Debt

By Yeco on Monday, July 16, 2018

China is saddling poor nations with unsustainable debt through large-scale infrastructure projects that are not economically viable, the head of the U.S. Overseas Private Investment Corporation (OPIC) said on Monday. The criticism of Beijing — targeted by President Donald Trump …

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Economy

China’s Economic Growth Cools Amid Trade Tensions

By Yeco on Monday, July 16, 2018

China’s economic growth slowed in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff battle with Washington. The world’s second-largest economy expanded by 6.7 percent, down from the previous quarter’s 6.8 percent, the government reported …

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Economy

Trump to May: ‘Sue the EU’

By Yeco on Sunday, July 15, 2018

U.S. President Donald Trump advised British Prime Minister Theresa May to sue the European Union instead of negotiating with the bloc, as part of her Brexit strategy.   “He told me I should sue the EU,” May told BBC television. …

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Economy

Trump’s Advice to Britain’s May: ‘Sue the EU’

By Yeco on Sunday, July 15, 2018

U.S. President Donald Trump advised British Prime Minister Theresa May to sue the European Union instead of negotiating with the bloc, as part of her Brexit strategy.   “He told me I should sue the EU,” May told BBC television. …

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Economy

Largest US Port Complex Braces for Extended US-China Trade War

By Yeco on Sunday, July 15, 2018

Liang Liang is feeling a lot of stress lately. He owns an import wholesale business in Los Angeles. “I have been watching the news every day — when will the tariffs be put in place? When are my goods arriving; …

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Economy

Largest US Port Complex Bracing for Extended US-China Trade War

By Yeco on Sunday, July 15, 2018

As the Trump administration announces tariffs on an additional $200 billion in Chinese imports, the largest port complex in the United States is bracing for its impact. For the twin ports of Los Angeles and Long Beach, China is the …

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Economy

Lost Luggage Finds New Home — at Bargain Prices

By Yeco on Saturday, July 14, 2018

Suspiciously cheap diamonds, jeans for $1 and a pair of skis for next to nothing. It’s not a dream, these are actual bargains at a store in a small town in Alabama. What it sells are the contents of lost …

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Economy

Lost Luggage Finds New — at Bargain Prices

By Yeco on Saturday, July 14, 2018

Suspiciously cheap diamonds, jeans for $1 and a pair of skis for next to nothing. It’s not a dream, these are actual bargains at a store in a small town in Alabama. What it sells are the contents of lost …

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Economy

US Formally Lifts Ban on China’s ZTE

By Yeco on Saturday, July 14, 2018

The United States has formally lifted a crippling ban on exports to the Chinese telecommunications giant ZTE.  The Commerce Department said Friday that it had removed the ban after ZTE deposited $400 million in a U.S. bank escrow account as …

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Economy

White House Declares War on Poverty ‘Largely Over’

By Yeco on Friday, July 13, 2018

The White House released a report Thursday contending that the United States’ war on poverty — a drive that started over 50 years ago to improve the social safety net for the poorest citizens of the world’s largest economy — …

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Economy

Report: Failure to Educate Girls Could Cost World $30 Trillion

By Yeco on Friday, July 13, 2018

Failing to let girls finish their education could cost the world as much as $30 trillion in lost earnings and productivity, yet more than 130 million girls are out of school globally, the World Bank said Wednesday. Women who have …

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Economy

Kenya Uber to Keep Fares Unchanged for Now, Following Drivers’ Strike

By Yeco on Friday, July 13, 2018

Uber’s business in Kenya said on Friday it will keep its fares unchanged for now, after associations representing taxi drivers in the country signed a deal giving guidelines for better fares and working conditions. “As of today, we will not …

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Economy

US Farmers Brace for Long-Term Impact of Escalating Trade War

By Yeco on Friday, July 13, 2018

As farmer Brian Duncan gently brushes his hands over the rolling amber waves of grain in the fields behind his rural Illinois home, this picturesque and idyllic American scene belies the dramatic hardship he currently faces. “We’re in trouble,” he …

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Economy

US Farmers Brace for Long Term Impact of Escalating Trade War

By Yeco on Friday, July 13, 2018

U.S. farmers are beginning to feel the effects of tariffs imposed by China in retaliation for U.S. tariffs on Chinese steel and aluminum. As VOA’s Kane Farabaugh reports, while the short-term concern for farmers is the impact on profits this …

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Economy

US Lawmakers Blast Trump on Tariffs

By Yeco on Friday, July 13, 2018

U.S. senators Thursday continued a bipartisan rebuke of President Donald Trump’s punitive trade strategy, one day after an overwhelming vote asserting a congressional role in the imposition of tariffs for national security reasons. VOA’s Michael Bowman reports from Capitol Hill, …

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Economy

A Look at Euro-Russian Energy Deal Opposed by Trump

By Yeco on Thursday, July 12, 2018

President Donald Trump’s criticism of Germany’s involvement in a natural gas pipeline deal with Russia launched a tense two days of NATO meetings in Brussels — but it also may have set the tone for the U.S. leader’s highly anticipated …

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Economy

US to Appeal Approval of AT&T Acquisition of Time Warner

By Yeco on Thursday, July 12, 2018

The U.S. Justice Department said Thursday that it would appeal a federal judge’s approval of AT&T Inc.’s $85.4 billion acquisition of Time Warner. The Justice Department opted in June not to seek an immediate stay of the court’s approval of the merger, allowing the …

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Economy

Saudi Prince Alwaleed Pledges Support for Crown Prince’s Reforms

By Yeco on Thursday, July 12, 2018

Saudi Arabian billionaire Prince Alwaleed bin Talal, who was detained for three months in an anti-corruption campaign under Crown Prince Mohammed bin Salman, pledged support on Thursday for the young leader’s program of sweeping reforms. “I was honored to meet …

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Economy

UK Nears Decision to Buy Boeing AWACS Planes, Sources Report

By Yeco on Thursday, July 12, 2018

Britain’s government is nearing a decision to buy four to six surveillance planes built by U.S. aerospace giant Boeing, sources familiar with the plans said Thursday — a move that could stir a growing debate over U.K. and European defense …

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Economy

US Soon to Leapfrog Saudis, Russia as Top Oil Producer

By Yeco on Wednesday, July 11, 2018

The U.S. is on pace to leapfrog both Saudi Arabia and Russia to become the world’s biggest oil producer. The latest data released by the Energy Information Administration shows U.S. output growing again next year to 11.8 million barrels a …

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Economy

Nigeria’s Buhari Says He Will Soon Sign Up to African Free Trade Pact

By Yeco on Wednesday, July 11, 2018

Nigeria’s President Muhammadu Buhari said on Wednesday the country will soon sign up to a $3 trillion African free trade zone. Nigeria is one of Africa’s two largest economies, the other being South Africa. Buhari’s government had refused to join …

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Economy

China Jolted by US Tariffs on Chinese Imports

By Yeco on Wednesday, July 11, 2018

China expressed shock Wednesday at the Trump administration’s decision to prepare 10-percent tariffs on another $200 billion of Chinese imports covering thousands of products, the latest move in an escalating trade war between the world’s two largest economies. China’s commerce …

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