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Economy

IMF Censures Venezuela    

By Yeco on Thursday, May 3, 2018

The International Monetary Fund censured Venezuela on Wednesday for failing to hand over essential economic data to the fund. “The [Executive] Board noted that adequate data provision was an essential first step to understanding Venezuela’s economic crisis and identifying possible …

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Economy

‘Amazing China’ Documentary More Fiction Than Fact

By Yeco on Wednesday, May 2, 2018

A Chinese company that manufactured Ivanka Trump shoes and has been accused of serious labor abuses is being celebrated in a blockbuster propaganda film for extending China’s influence around the globe.   The state-backed documentary “Amazing China” portrays the Huajian …

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Economy

Trump Extends Steel, Aluminum Tariff Exemptions for EU, Canada, Mexico

By Yeco on Tuesday, May 1, 2018

U.S. President Donald Trump is extending tariff exemptions on aluminum and steel exports from the European Union, Canada, and Mexico for at least another month. The temporary exemptions of the tariffs already imposed on such nations as China, Japan, and …

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Economy

US to Delay Decision on Tariffs Until June 1

By Yeco on Tuesday, May 1, 2018

U.S. President Donald Trump has postponed his decision on whether to impose tariffs on steel and aluminum imports from the European Union, Canada and Mexico until June 1. The announcement Monday provides more time to negotiate deals to exempt those …

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Economy

UN Urban Chief on Mission to Reform, Make Cities Better for Women

By Yeco on Tuesday, May 1, 2018

With cities facing their fastest growth ever, the head of the United Nations’ agency for urban development is on a mission — to revitalize the organization and ensure people, particularly women, are central to future planning. Maimunah Mohd Sharif, the …

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Economy

Russia’s Gazprom: Sea Portion of TurkStream First Line Completed

By Yeco on Tuesday, May 1, 2018

Russia’s Gazprom said on Monday it had completed the sea portion of the first line of the TurkStream offshore gas pipeline across the Black Sea. Gazprom, which plans to complete the pipeline in 2019, said in a statement that 1,161 …

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Economy

Mexican Companies Hedge, Delay Deals as NAFTA, Elections Loom

By Yeco on Tuesday, May 1, 2018

Mexican companies are delaying investment, bringing forward imports to protect against currency swings and warning the next few months could be volatile as the NAFTA trade talks reach a climax and July’s presidential election nears.  From bakers to retailers and …

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Economy

Ugandan Government Eyes Tax on Mobile Data Use

By Yeco on Monday, April 30, 2018

Uganda’s President Yoweri Museveni was criticized this month when he asked the Finance Ministry to find a way to tax social media use, in order to control what he called “gossip” online. Officials have since walked back that characterization, though …

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Economy

US Wireless Carriers T-Mobile, Sprint Announce Merger

By Yeco on Sunday, April 29, 2018

The third and fourth biggest U.S. wireless carriers, T-Mobile and Sprint, said Sunday they plan to merge, the third attempt they’ve made to join forces against the country’s two biggest mobile device firms, Verizon and AT&T. The deal, if it …

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Economy

The Store Where Everything Is Made in America

By Yeco on Friday, April 27, 2018

From T-shirts, socks and toys to knives and lanterns, a store in upstate New York takes pride in only selling goods that are made in America. Olga Loginova from VOA’s Russian service talked to the store owner about his business, …

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Economy

Consumers Close Wallets, Trim US 1st Quarter Growth

By Yeco on Friday, April 27, 2018

The U.S. economy likely slowed in the first quarter as growth in consumer spending braked sharply, but the setback is expected to be temporary against the backdrop of a tightening labor market and large fiscal stimulus. Gross domestic product probably …

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Economy

Amazon Delivers Profits, a $20 Prime Hike, NFL Games

By Yeco on Friday, April 27, 2018

Amazon.com Inc. more than doubled its profit Thursday and predicted strong spring results as the world’s biggest online retailer raised the price for U.S. Prime subscribers, added U.S. football games and touted its cloud services for business. The results showed …

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Economy

Mexico Economy Minister Says NAFTA Revamp Talks ‘Not Easy’

By Yeco on Thursday, April 26, 2018

Much remains to be done before a new North American Free Trade Agreement is reached, Mexican Economy Minister Ildefonso Guajardo said Thursday, tempering hopes for a quick deal as ministers met in Washington for a third successive day. Negotiators from …

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Economy

US Pecan Growers Seek to Break Out of the Pie Shell

By Yeco on Wednesday, April 25, 2018

The humble pecan is being rebranded as more than just pie.   Pecan growers and suppliers are hoping to sell U.S. consumers on the virtues of North America’s only native nut as a hedge against a potential trade war with …

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Economy

Trump Says New NAFTA Deal Could Be Completed Quickly

By Yeco on Tuesday, April 24, 2018

U.S. President Donald Trump said on Tuesday that a new NAFTA trade deal could be completed quickly, as ministers from Canada, Mexico and the United States prepared to meet later in the day to try to work out their differences …

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Economy

Commission on Fragile States Says Paradigm Shift Needed to Stabilize Poor Countries

By Yeco on Tuesday, April 24, 2018

A new report by Britain’s Growth and Development Commission offered a mix of both good and bad news for poor countries: some of the countries in the report have achieved middle income status, and places once plagued by conflict and …

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Economy

China Tech Firms Pledge to End Sexist Job Ads

By Yeco on Tuesday, April 24, 2018

Chinese tech firms pledged on Monday to tackle gender bias in recruitment after a rights group said they routinely favored male candidates, luring applicants with the promise of working with “beautiful girls” in job advertisements. A Human Rights Watch (HRW) …

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Economy

Luxury Fashion Brands Criticized Over Supply Chain Slavery Risk

By Yeco on Tuesday, April 24, 2018

Luxury fashion houses Dior, Chanel and Dolce & Gabbana are among the least transparent of the major retailers when it comes to providing information about their supply chains, according to an index ranking commitments to tackle slavery and forced labor. …

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Economy

Zimbabwe Nurses Return to Work After Strike    

By Yeco on Tuesday, April 24, 2018

Around 16,000 nurses in Zimbabwe resumed work Monday, bringing to an end one week of strikes that affected health services in the country. Zimbabwe’s health ministry said the situation had “returned to normal” in all hospitals. “The majority of nurses …

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Economy

China’s Didi Chuxing Launches Ride Service in Mexico

By Yeco on Monday, April 23, 2018

Chinese ride-hailing firm Didi Chuxing on Monday began offering its service in the Mexican city of Toluca, the company said, setting up a potentially costly battle with rival Uber Technologies in a key Latin American market. The Mexican launch marks …

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Economy

Sources: Arrested Chevron Workers Could Face Treason Charge in Venezuela

By Yeco on Monday, April 23, 2018

Two Chevron Corp. employees detained in Venezuela last week could be charged with treason for refusing to sign a parts contract for a joint venture with state-owned oil company PDVSA, according to two sources familiar with draft charges against the …

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Economy

EU Seeks to Join China-US Steel Dispute at WTO

By Yeco on Monday, April 23, 2018

The European Union asked on Monday to join a dispute brought by China to the World Trade Organization over U.S. import tariffs on steel and aluminum, just over a week before U.S. President Trump decides whether they should apply to …

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Economy

Odebrecht Unit Vows to Fight Sanctions Imposed by Mexico

By Yeco on Monday, April 23, 2018

The Mexican unit of Brazilian construction firm Odebrecht said on Monday it will fight the sanctions announced last week by the Mexican government, dismissing them as unfair and unjustified. Mexico banned federal institutions and state governments from doing business with …

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Economy

Bloomberg Donating $4.5 Million to Support Paris Climate Accord

By Yeco on Monday, April 23, 2018

Former New York City Mayor Michael Bloomberg announced Sunday he is giving $4.5 million to the United Nations Climate Change Secretariat to cover a U.S. government funding gap for the international Paris climate accord. Bloomberg’s charitable foundation said the money …

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