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Economy

New Projects in Brazil’s Amazon? Not Without Congressional Approval, says Court

By Yeco on Tuesday, April 10, 2018

Brazil’s government has been told that development projects, including hydropower dams, in protected areas can no longer go ahead without the prior approval of lawmakers. Last week’s ruling by the supreme court followed the use by the government in recent …

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Economy

Apple: All Its Facilities Now Powered by Clean Energy

By Yeco on Tuesday, April 10, 2018

Apple on Monday said it had achieved its goal of powering all of the company’s facilities with renewable energy, a milestone that includes all of its data centers, offices and retail stores in 43 countries. The iPhone maker also said …

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Economy

Trump Family Hotel Business Asked Panama President for Help

By Yeco on Monday, April 9, 2018

Lawyers representing U.S. President Donald Trump’s family hotel business appealed to Panama’s president for help days before an emergency arbitrator declined to reinstate the Trump management team to a luxury waterfront hotel. The Britton & Iglesias firm, which has represented …

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Economy

Rice Breeders Report ‘Eye-Popping’ Productivity Gains

By Yeco on Monday, April 9, 2018

The grain that feeds half the world may have taken a big leap forward. Scientists report the biggest improvements in rice productivity in decades. If the results hold up in further tests, it could greatly increase harvests of a critical …

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Economy

Trump Decries ‘Stupid Trade’ with China

By Yeco on Monday, April 9, 2018

U.S. President Donald Trump on Monday touted the United States’ “very good relationship with China” and his “good” friendship with President Xi Jinping, but again accused China of taking advantage of the United States for far too long. Surrounded by …

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Economy

China: US Trade Talks Currently ‘Impossible’

By Yeco on Monday, April 9, 2018

China’s Foreign Ministry said Monday that trade talks with the United States are impossible under current conditions. The comment from spokesman Geng Shuang during a briefing with reporters came a day after U.S. President Donald Trump predicted there would be …

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Economy

Russia to Support Companies Hit by US Sanctions

By Yeco on Monday, April 9, 2018

Russia said Monday it will support companies hit by fresh U.S. sanctions as Russian stocks dropped and shares in aluminum producer Rusal plummeted.   Deputy Prime Minister Arkady Dvorkovich said in comments reported by state news agencies that Russia is …

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Economy

Trump Predicts Resolution of Trade Dispute with China

By Yeco on Sunday, April 8, 2018

U.S. President Donald Trump predicted Sunday there would be a resolution of the U.S.-China standoff on tariffs on hundreds of billions of dollars of goods the world’s two biggest economies are threatening to impose on each other. The U.S. leader …

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Economy

Africa Misses Out on Taiwan’s Development Aid Due to ‘One China’ Policy

By Yeco on Sunday, April 8, 2018

Taiwan says it regrets that the “one China” policy insisted on by Beijing prevents it from providing much needed development aid to most countries in Africa. Taiwan was in a relatively good diplomatic position in Africa several years ago. Taiwan’s …

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Economy

UN, Singapore Concerned about Rising Trade Tensions

By Yeco on Sunday, April 8, 2018

The U.N. secretary-general and the Singaporean foreign minister voiced concerns about global trade tensions and rising protectionism during back-to-back meetings in Beijing on Sunday. Following remarks from his Chinese counterpart, Singaporean Foreign Minister Vivian Balakrishnan vowed to “double-down” on free …

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Economy

Air France Strike Sees 30 Percent of Flights Cancelled

By Yeco on Saturday, April 7, 2018

Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying. And that’s just part of France’s travel troubles this month. Most French trains will screech to a halt as a strike …

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Economy

Teacher Strikes Spread Across the US

By Yeco on Saturday, April 7, 2018

Following the success of West Virginia teachers in securing a pay raise, educators in Oklahoma and Kentucky are walking out of their classrooms, demanding that lawmakers increase education spending in their states. Arizona teachers may soon follow suit. From Washington, …

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Economy

Feds Seizing Backpage.com, Its Affiliates 

By Yeco on Saturday, April 7, 2018

Federal law enforcement authorities are in the process of seizing Backpage.com and its affiliated websites. A notice that appeared Friday afternoon at Backpage.com says the websites are being seized as part of an enforcement action by the FBI, U.S. Postal …

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Economy

Trump Administration Mulls Stiffer Rules for Auto Imports

By Yeco on Friday, April 6, 2018

The Trump administration is considering ways to require imported automobiles to meet stricter environmental standards in order to protect U.S. carmakers, The Wall Street Journal reported Friday. Responding to the story, White House spokeswoman Sarah Huckabee Sanders said President Donald …

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Economy

Trump Dismisses Fears of Trade War With China as Threats Ramp Up

By Yeco on Friday, April 6, 2018

U.S. President Donald Trump and his administration said Friday that the United States was not engaged in a trade war with China, even as Trump threatened to impose tariffs on an additional $100 billion worth of Chinese goods and Beijing …

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Economy

Trade War Fears Send US Stocks Down Again

By Yeco on Friday, April 6, 2018

U.S. stocks plunged again Friday over increasing concerns about a trade war between the United States and China. The Dow Jones industrial average lost 572 points by the close, shedding 2.3 percent. The Standard & Poor’s 500 dropped nearly 2.2 percent, …

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Economy

Oklahoma Teacher Walkout Stretches Into 5th Day

By Yeco on Friday, April 6, 2018

A teachers strike in Oklahoma stretched into a fifth day on Friday, and a state union leader said he doesn’t think pending proposals to increase revenue are enough to stop the walkout from extending into next week. The Senate considered …

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Economy

Boss Buzzing you After Hours? NYC Might let you Say Buzz off

By Yeco on Friday, April 6, 2018

Technology that once promised freedom from the confines of an office has, for many workers, become a ball and chain, blurring the lines between work hours and, well, any other hours. A New York City Council member wants to put …

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Economy

March US Job Creation Dips, Jobless Rate Unchanged

By Yeco on Friday, April 6, 2018

The U.S. Labor Department reported Friday the unemployment rate in March remained at a 17-year-low of 4.1-percent for the sixth straight month. U.S. employers added 103,000 jobs in March, less than the 175,000 analysts expected, following several months of larger …

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Economy

Venezuela Cuts Commercial Ties With Panama Officials, Firms

By Yeco on Friday, April 6, 2018

Venezuela said on Thursday it was halting commercial relations with Panamanian officials and companies, including regional airline Copa, for alleged involvement in money laundering, prompting Panama to recall its ambassador. The resolution names Panamanian President Juan Carlos Varela and nearly …

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Economy

Jury Awards $37 Million in Talc Cancer Risk Case

By Yeco on Friday, April 6, 2018

Johnson & Johnson and Imerys SA must pay at least $37 million in a lawsuit claiming a man developed cancer because of his exposure to asbestos in talc-based products including Johnson’s Baby Powder, a New Jersey state court jury said Thursday. The verdict …

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Economy

Trump Says US Will Weigh Tariffs on Another $100B Worth of Chinese Goods

By Yeco on Thursday, April 5, 2018

U.S. President Donald Trump ratcheted up the trade war rhetoric with Beijing on Thursday, saying he had instructed the U.S. trade representative to consider tariffs on an additional $100 billion worth of Chinese goods. The move came a day after China …

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Economy

Amid Trade Spats, Trump to Push US as ‘Partner of Choice’ for Latin America

By Yeco on Thursday, April 5, 2018

President Donald Trump will make the case that the United States – and not China – should be the trade “partner of choice” for Latin America when he speaks at a regional summit next week, a senior administration official said …

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Economy

Opioid Addiction Costs Employers $2.6B a Year for Care

By Yeco on Thursday, April 5, 2018

A new report shows large employers spent $2.6 billion to treat opioid addiction and overdoses in 2016, an eightfold increase since 2004. More than half went to treat employees’ children. The analysis released Thursday by the nonpartisan Kaiser Family Foundation …

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