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Economy

Poll: Ticked at Trump, Canadians Say They’ll Avoid US Goods

By Yeco on Friday, June 15, 2018

Seventy percent of Canadians say they will start looking for ways to avoid buying U.S.-made goods in a threat to ratchet up a trade dispute between Prime Minister Justin Trudeau and U.S. President Donald Trump, an Ipsos Poll showed Friday. The poll also found a …

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Economy

US Lobsters Are a Target of China’s Threatened Tariffs

By Yeco on Friday, June 15, 2018

A set of retaliatory tariffs released by China on Friday includes a plan to tax American lobster exports, potentially jeopardizing one of the biggest markets for the premium seafood.  Chinese officials announced the planned lobster tariff along with hundreds of …

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Economy

Trump’s Tariffs: What They Are and How China Is Responding

By Yeco on Friday, June 15, 2018

President Donald Trump just imposed tariffs on hundreds of Chinese products — from X-ray tubes to incinerators. And Beijing is striking back by targeting U.S. soybeans, beef, seafood and other products. The punch-and-counterpunch announced Friday in Washington and Beijing moved …

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Economy

Trump OKs Plan to Impose Tariffs on Billions in Chinese Goods

By Yeco on Friday, June 15, 2018

President Donald Trump has approved a plan to impose punishing tariffs on tens of billions of dollars worth of Chinese goods as early as Friday, a move that could put his trade policies on a collision course with his push …

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Economy

AT&T to Close Time Warner Deal, But Government May Appeal

By Yeco on Friday, June 15, 2018

AT&T Inc may close its $85 billion deal to buy Time Warner Inc under an agreement reached on Thursday with the U.S. government, which might still appeal a case seen as a turning point for the media industry. AT&T said …

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Economy

Supreme Court Answers Question of Foreign Law in US Courts

By Yeco on Friday, June 15, 2018

Nyet. Non. Nein. No. That’s the answer the Supreme Court gave Thursday to the question of whether federal courts in the United States must accept statements from foreign governments about their own laws as binding. Justice Ruth Bader Ginsburg wrote …

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Economy

AP Investigation: Local Fish Isn’t Always Local

By Yeco on Wednesday, June 13, 2018

Caterers in Washington tweeted a photo of maroon sashimi appetizers served to 700 guests attending the governor’s inaugural ball last year. They were told the tuna was from Montauk. But it was an illusion. It was the dead of winter …

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Economy

US Central Bank Raises Interest Rates

By Yeco on Wednesday, June 13, 2018

Leaders of the U.S. central bank raised interest rates slightly Wednesday and signaled that rates are likely to go higher as the economy continues to strengthen. At the end of two days of deliberation in Washington, the Federal Reserve set …

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Economy

Volkswagen Fined Nearly $1.2 Billion in Emissions Scandal

By Yeco on Wednesday, June 13, 2018

German authorities fined Volkswagen nearly $1.2 billion Wednesday for its role in a diesel emissions scandal that first surfaced in the United States in 2015. Prosecutors found the German automaker failed to properly monitor its engine development department. The lack …

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Economy

Trump Assails OPEC for High Oil Prices

By Yeco on Wednesday, June 13, 2018

U.S. President Donald Trump says oil prices are too high and blames the Organization of the Petroleum Exporting Countries. The 14 oil-producing nations in OPEC — Saudi Arabia, Iran, Iraq, Kuwait and Venezuela among them — produce about 40 percent …

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Economy

Ivory Coast Wants Bigger Piece of Chocolate Profits

By Yeco on Wednesday, June 13, 2018

For many years, Ivory Coast has been the world’s largest producer of cocoa. Most of it leaves the country in bulk and ends up in Europe, where it gets turned into fine and expensive chocolate, fetching up to 50 times …

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Economy

Poverty Forces Syrian Refugee Children into Work

By Yeco on Wednesday, June 13, 2018

When 13-year-old Mounir fled Syria for Lebanon with his family after surviving a rocket strike that nearly killed them, he thought he would be safe. In fact, he had swapped one form of danger for another – sexual harassment and …

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Economy

Brazilian Tribes Fined for GMO Soy Crops on Reservations

By Yeco on Wednesday, June 13, 2018

The savannah scrubland where Chief João Ponce once hunted deer and wild boar in Brazil has given way to neat rows of soy and corn that a tractor sprays with herbicide. In the next field, silver grain silos shimmer in …

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Economy

Govt: Hundreds of Venezuelan Children Victims of Child Labor in Colombia

By Yeco on Wednesday, June 13, 2018

A campaign by Colombia to eradicate child labor discovered nearly 5,000 children working in the past three months, including hundreds from economically stricken Venezuela, the government said on Tuesday. While child labor rates have fallen in recent years, overall about …

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Economy

Colombia’s Rightist Contender Duque Seeks High Investment to Bolster Growth

By Yeco on Wednesday, June 13, 2018

Ivan Duque, the frontrunner to win Colombia’s presidential election on Sunday, said tax cuts he is proposing would bolster investment in the Andean nation by a third over the next four years and help stimulate sluggish economic growth. The right-wing …

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Economy

Living with a Monster: Tourism at a Guatemala Volcano

By Yeco on Wednesday, June 13, 2018

Tourists reached out to feel the heat from the still-smoldering lava, tossed sticks to see them burst into flames or watched a guide toast marshmallows on hot rocks as they hiked on Guatemala’s Pacaya volcano, which days earlier had spewed …

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Economy

European Central Bank to Weigh End to Stimulus Program

By Yeco on Tuesday, June 12, 2018

The European Central Bank will on Thursday weigh when and how to end its bond-buying stimulus program — an exit that will have far-reaching consequences across the economy, from long-suffering savers to Europe’s indebted governments.   The bank, which sets monetary …

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Economy

Tired of Unemployment, Kashmir Women Decide to Open Their Online Business

By Yeco on Tuesday, June 12, 2018

The separatist campaign in Indian-administered Kashmir broke out into major violence in 1989. More than 60,000 people are estimated to have died and 10,000 to have disappeared in the disputed Himalayan region. That has pushed their families into poverty. For …

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Economy

Young Entrepreneurs Motivated by Purpose, Not Just Profit

By Yeco on Tuesday, June 12, 2018

The new generation of global entrepreneurs is going into business motivated by purpose rather than just profit, according to research by the HSBC banking group released on Tuesday. One in four entrepreneurs aged under 35 said they were more motivated …

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Economy

New Disclosure Shows Growing Kushner Wealth, Debt

By Yeco on Tuesday, June 12, 2018

Financial disclosure forms released late Monday show that White House special adviser — and President Donald Trump’s son-in-law — Jared Kushner’s wealth and debt both appear to have risen over the year, an indication of the complex state of his …

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Economy

Erdogan Seizes on Growth Figures to Persuade Skeptical Public 

By Yeco on Tuesday, June 12, 2018

President Recep Tayyip Erdogan, who is campaigning for re-election, seized on the latest Turkish growth figures as a vindication of his economic policies in the face of skepticism from not only voters but international investors of the country’s economic strength. …

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Economy

Trump Says Friends, Enemies Can’t Take Advantage of US on Trade

By Yeco on Monday, June 11, 2018

President Donald Trump tweeted out more criticism of U.S. trade partners Monday, including allies in Europe and Canada, adding to his declarations that the United States will no longer tolerate what he has called “trade abuse.” That was part of …

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Economy

Swiss Voters Reject Campaign to Radically Alter Banking System

By Yeco on Monday, June 11, 2018

A radical plan to transform Switzerland’s financial landscape by barring commercial banks from electronically creating money when they lend was resoundingly rejected by Swiss voters on Sunday. More than three quarters rejected the so-called Sovereign Money initiative, according to the …

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Economy

New Italian Economy Minister Vows to Stay in Euro, Cut Debt Level

By Yeco on Sunday, June 10, 2018

Italy’s new coalition government has no intention of leaving the euro and plans to focus on cutting debt levels, Economy Minister Giovanni Tria said on Sunday, looking to reassure nervous financial markets. Italian government bonds have come under concerted selling …

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