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Economy

Trump Administration Seeks to Temper China Trade War Fears

By Yeco on Thursday, April 5, 2018

President Donald Trump said Wednesday the United States is not in a trade war with China, after Beijing announced plans to impose tariffs on $50 billion worth of U.S. goods in response to a similar package announced by the United …

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Economy

Wall Street Closes Higher as China Tariff Fears Ease

By Yeco on Wednesday, April 4, 2018

Wall Street’s three major indexes staged a comeback to close around 1 percent higher Wednesday as investors turned their focus to earnings and away from a trade conflict between the United States and China that wreaked havoc in earlier trading. After investors fled …

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Economy

Ex-Ford Employee Awarded Nearly $17 Million in Discrimination Lawsuit

By Yeco on Wednesday, April 4, 2018

A jury has awarded nearly $17 million to a former Ford engineer who sued the automaker for discrimination because he says two supervisors repeatedly berated and criticized him for his Arab background and accent. The Detroit Free Press reports that …

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Economy

Closure of Top Philippine Resort Island Would Shake up Business to Cut Pollution

By Yeco on Wednesday, April 4, 2018

The possible closure of a major coastal tourism magnet in the Philippines for environmental cleanup will hurt business, but for a cause that helps everyone longer term, experts say. President Rodrigo Duterte said via the presidential website in March he …

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Economy

China Announces $50 Billion in Retaliatory Tariffs on US Goods

By Yeco on Wednesday, April 4, 2018

China announced Wednesday it plans to impose tariffs on $50 billion worth of U.S. goods in response to a similar package announced by the United States. The Chinese measures would boost tariffs by 25 percent on 106 U.S. products, including …

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Economy

Coffee Conquers Conflict for Business-savvy Farmers in the Philippines

By Yeco on Wednesday, April 4, 2018

Five years ago, Filipina farmer Marivic Dubria would buy Nescafe sachets to serve visitors because she was embarrassed by the quality of the coffee she grew next to her main vegetable crops. Life was tough for her family in Mindanao, …

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Economy

Amazon Shares Finish Higher Despite Trump’s New Threat on Shipping Rates

By Yeco on Wednesday, April 4, 2018

The largest American business lobby group came to the defense of Amazon.com on Tuesday after a multi-day Twitter attack by U.S. President Donald Trump that included unsubstantiated criticism of the world’s biggest online retailer. The value of Amazon shares held …

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Economy

US Unveils Tariffs on $50 Billion Worth of Chinese Imports

By Yeco on Tuesday, April 3, 2018

The Trump administration on Tuesday escalated its aggressive actions on trade by proposing 25 percent tariffs on $50 billion in Chinese imports to protest Beijing’s alleged theft of American technology.   The Office of the U.S. Trade Representative issued a …

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Economy

Too Late to Plant Green Seed Among World’s Forgotten Palm Oil Farmers?

By Yeco on Monday, April 2, 2018

When palm oil farmer Isnin Kasno eventually retires, his three children will turn their backs on the family’s small plantation in Malaysia’s southern state of Johor. Like many aging oil palm growers in Southeast Asia, the 58-year-old struggles to make …

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Economy

Tiger Economy Roaring as Golf’s Masters Approaches

By Yeco on Monday, April 2, 2018

Tiger Woods is back in Green Jacket contention and from country club bars to boardrooms, the former world No. 1 is once again the tide lifting all boats in the golfing world. Golf television ratings are trending upward, so are …

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Economy

US Factory Activity Slows, Manufacturers Worry About Tariffs

By Yeco on Monday, April 2, 2018

U.S. factory activity slowed in March amid shortages of skilled workers and rising capacity constraints, but growth in the manufacturing sector remains underpinned by strong domestic and global economies. The Institute for Supply Management (ISM) survey published Monday also showed …

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Economy

US Stock Indexes Plunge

By Yeco on Monday, April 2, 2018

U.S. stocks plunged again Monday after President Donald Trump unleashed a new verbal attack on giant online retailer Amazon and China fired its shot at U.S. imports in a developing trade war. The Dow Jones Industrial Average lost 589 points …

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Economy

EPA Rejects Fuel Efficiency Standards for Automobiles

By Yeco on Monday, April 2, 2018

The Trump administration on Monday rejected an Obama-era plan to make automobiles more fuel efficient, opening up a long process to weaken current standards and putting California and the federal government on a collision course over vehicle emissions. Scott Pruitt, …

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Economy

AP Analysis: Blacks Largely Missing From High-Salary Positions

By Yeco on Saturday, March 31, 2018

Jonathan Garland’s fascination with architecture started early: He spent much of his childhood designing Lego houses and gazing at Boston buildings on rides with his father away from their largely minority neighborhood.  But when Garland looked around at his architectural …

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Economy

These Burgers Are Better for the Planet, but You’d Never Know It

By Yeco on Saturday, March 31, 2018

As the world’s population heads toward 10 billion by midcentury, experts are wrestling with how to feed the world without wrecking the planet. It’s not easy to find foods with lower environmental impact that still taste as good as the …

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Economy

Traditional Pakistani Bamboo Curtains Gaining Popularity

By Yeco on Saturday, March 31, 2018

Traditional handicrafts from Pakistan are exported to many countries around the world. One item that appears to be gaining in popularity are the country’s hand-made bamboo curtains. VOA’s Saman Khan has more in this report from Lahore, Pakistan, narrated by …

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Economy

NY’s Immigrant Taxi Drivers Despair as Taxi Industry Slumps

By Yeco on Saturday, March 31, 2018

A financially distraught yellow cab driver from Romania recently hanged himself in his New York garage, marking the fourth suicide among city taxi drivers in as many months. In the tragedy’s aftermath, members of New York’s taxicab drivers union are …

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Economy

Trump EPA Expected to Roll Back Auto Gas Mileage Standards 

By Yeco on Friday, March 30, 2018

The Trump administration is expected to announce that it will roll back automobile gas mileage and pollution standards that were a pillar in the Obama administration’s plans to combat climate change.  It’s not clear whether the announcement will include a …

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Economy

UN Blacklists Dozens of Ships, Businesses Over N. Korea Smuggling

By Yeco on Friday, March 30, 2018

The U.N. Security Council on Friday blacklisted 27 ships, 21 companies and a businessman for helping North Korea circumvent sanctions, keeping the pressure on Pyongyang despite its recent diplomatic opening to talks, a diplomat said. Acting on a request from …

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Economy

Air France, Lawyers Strike as Macron Labor Woes Grow

By Yeco on Friday, March 30, 2018

French lawyers staged a walkout Friday while Air France staff went on strike over pay, adding to a growing wave of industrial unrest that threatens to slow President Emmanuel Macron’s reform drive. Air France canceled a quarter of the day’s …

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Economy

South Sudan Dispute With Mobile Firm Disrupts Service

By Yeco on Friday, March 30, 2018

Hundreds of thousands of South Sudanese remained without mobile phone service Friday, as network operator Vivacell continued a standoff with the government over a licensing dispute. The government cut the network’s signal to its roughly 900,000 subscribers just after midnight …

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Economy

Amid Flood of Chinese Products, India Wants Fairness

By Yeco on Friday, March 30, 2018

Sampad Yadav, who sells electrical goods in a shop in the business hub of Gurugram on the outskirts of New Delhi, says Chinese goods such as LED lamps are popular with customers. “When people make a price comparison, and want …

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Economy

Vietnam Stands to See Modest Wins if China, U.S. Start Trade War

By Yeco on Friday, March 30, 2018

A wider Sino-U.S. trade dispute would help export-reliant Vietnam compete against Chinese companies but put the country at risk of any global fallout, analysts say. The numerous exporters in Vietnam that ship manufactured goods to the United States would save …

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Economy

US, Canada Differ on Quick NAFTA Resolution

By Yeco on Thursday, March 29, 2018

The Trump administration is hopeful it can reach a deal on a new North American Free Trade Agreement before the July 1 presidential election in Mexico and U.S. midterm congressional elections in November. “I’d say I’m hopeful — I think …

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