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Economy

Airbus Expects Strong Growth, Looks Past Plane Troubles

By Yeco on Thursday, February 15, 2018

Shares in European plane maker Airbus flew higher on Thursday after the company reported improved earnings and was more upbeat about the future following problems to several of its key aircraft programs.   The company said that it surged to …

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Economy

Amid Booming Sales, SUVs Take Center Stage at Chicago Auto Show

By Yeco on Thursday, February 15, 2018

A key to any successful business is to provide customers with what they want. For automakers at the 2018 Chicago Auto Show, they say their customers want sport utility vehicles, or SUVs. “2017 was a record year for Ford SUV …

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Economy

Fries, Not Flowers: Fast-Food Chains Try to Lure Valentines

By Yeco on Wednesday, February 14, 2018

Is that love in the air or french fries? White Castle, KFC and other fast-food restaurants are trying to lure sweethearts for Valentine’s Day. It’s an attempt to capture a bit of the $3.7 billion that the National Retail Federation …

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Economy

US Inflation Increases Most in a Year

By Yeco on Wednesday, February 14, 2018

The U.S. on Wednesday reported its biggest increase in consumer prices in a year, pushing stocks lower in early trading. The consumer price index, which follows the costs of household goods and services, advanced by a half percentage point in …

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Economy

NYC E-Bike Ban is Disaster for Immigrant Delivery Workers

By Yeco on Wednesday, February 14, 2018

Electric powered bicycles, known as “e-bikes,” are a common sight among New York’s immigrant delivery workers, who consider the bikes a necessity to make a living wage. The problem is, they’re illegal to operate in the city, creating a dilemma …

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Economy

‘Can You Dig It?’ Africa Reality Show Draws Youth to Farming

By Yeco on Wednesday, February 14, 2018

As a student, Leah Wangari imagined a glamorous life as a globe-trotting flight attendant, not toiling in dirt and manure.   Born and raised in Kenya’s skyscraper-filled capital, Nairobi, the 28-year-old said farming had been the last thing on her …

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Economy

Solar Power Push Lights Up Options for India’s Rural Women

By Yeco on Wednesday, February 14, 2018

In her village of Komalia, the fog swirls so thick at 7 a.m. that Akansha Singh can see no more than 15 meters ahead. But the 20-year-old is already cycling to her workplace, nine kilometers away. Halfway there she stops …

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Economy

GM to Close Auto Plant in South Korea in Restructuring

By Yeco on Tuesday, February 13, 2018

General Motors said Tuesday it will close an underutilized factory in Gunsan, South Korea, by the end of May as part of a restructuring of its operations.   The move is a setback for the administration of President Moon Jae-in, …

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Economy

Opioid Makers Gave $10 Million to Advocacy Groups Amid Epidemic

By Yeco on Tuesday, February 13, 2018

Companies selling some of the most lucrative prescription painkillers funneled millions of dollars to advocacy groups that in turn promoted the medications’ use, according to a report released Monday by a U.S. senator. The investigation by Missouri’s Senator Claire McCaskill …

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Economy

US Charges 5 Ex-Venezuelan Officials in PDVSA Bribe Case

By Yeco on Tuesday, February 13, 2018

U.S. prosecutors on Monday announced charges against five former Venezuelan officials accused of soliciting bribes in exchange for helping vendors win favorable treatment from state oil company PDVSA, the latest case to stem from a $1 billion graft probe. The …

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Economy

Trump: US to Push for ‘Reciprocal Tax’ on Trade Partners

By Yeco on Monday, February 12, 2018

U.S. President Donald Trump said on Monday he would push for a “reciprocal tax” against countries, including U.S. allies, that levy tariffs on American products, but officials did not provide details on how such a tax would be structured or …

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Economy

Uber Tests Cheaper ‘Chap Chap’ Service for Errands in Nairobi

By Yeco on Monday, February 12, 2018

Uber is testing a service in Nairobi that was inspired by residents’ use of the platform for errands and aims to tap into a new segment of the city’s active ride-hailing market, a regional executive said Monday. Amid the minibuses, …

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Economy

New Machine Will Boost Pumpkin Seed Production

By Yeco on Monday, February 12, 2018

The invention of a machine that removes pumpkin seeds from the shell and sorts them is being celebrated in Cameroon as traders hope to boost production of the commodity in the Central African Country. Mariama Diallo reports. …

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Economy

Who’s at Fault in Amtrak Crash? Amtrak Pays Regardless

By Yeco on Sunday, February 11, 2018

Federal investigators are still looking at how CSX railway crews routed an Amtrak train into a parked freight train in Cayce, South Carolina, last weekend. But even if CSX should bear sole responsibility for the accident, Amtrak will likely end …

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Economy

Seeing America Through the Eyes of African Immigrants Turned Truckers

By Yeco on Sunday, February 11, 2018

Increasing demand for long-haul truckers in the United States is drawing more African immigrants onto America’s roads. VOA’s Arzouma Kompaoré hitched a ride with African truckers whose routes to success stretch across the United States. …

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Economy

As Brexit ‘Cliff-Edge’ Fears Grow, France Courts Japanese Firms in Britain

By Yeco on Sunday, February 11, 2018

There are growing fears that Britain could be headed for a so-called cliff-edge exit from the European Union, as big differences remain between Brussels and London over the shape of any deal. It comes as Japan warns its businesses may …

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Economy

OxyContin Maker Purdue Pharma to Stop Promoting Opioids

By Yeco on Sunday, February 11, 2018

OxyContin maker Purdue Pharma LP said Saturday that it has cut its sales force in half and will stop promoting opioids to physicians, following widespread criticism of the ways that drugmakers market addictive painkillers. The drugmaker said it will inform …

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Economy

Experts: More Stock Volatility Ahead, but No Reason to Panic

By Yeco on Saturday, February 10, 2018

It’s been a tough week on Wall Street. The Dow Jones Industrial average closed more than 300 points higher Friday, after plunging more than 1,000 points the day before, the second steepest decline in history. The biggest dive happened Monday …

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Economy

Britain Targets Global Corruption With Law to Seize Unexplained Wealth

By Yeco on Friday, February 9, 2018

Politicians and public figures suspected of buying property with corrupt money will be forced to explain their wealth, or face the seizure of their assets under new legislation that has come into force in Britain this month. As Henry Ridgwell …

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Economy

Californians to Trump: ‘We Will Fight’ Offshore Drilling

By Yeco on Friday, February 9, 2018

Commissions that oversee coastal lands and water pushed the Trump administration to leave California out of plans to expand offshore drilling, saying the state will throw up any barriers possible to prevent pumping and transportation of oil. The warning came …

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Economy

Trudeau Pitches Canadian Globalism to California Tech Firms

By Yeco on Friday, February 9, 2018

Canadian Prime Minister Justin Trudeau on Thursday pitched Canadian globalism and the country’s new fast-track visa as reasons why Silicon Valley companies should consider Canada as a place to do business and spend money. Trudeau brought his charm offensive to …

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Economy

US Stocks Fall on Concern of Rising Rates, Inflation

By Yeco on Thursday, February 8, 2018

U.S. stocks tumbled again Thursday as investors continued to fret about the possibility of rising inflation and higher interest rates.  For the second time in four days, the Dow Jones industrial average sank more than 1,000 points, or 4.2 percent, …

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Economy

Stocks Move Steadily Lower on Wall Street, Extending Losses

By Yeco on Thursday, February 8, 2018

Stocks lurched lower again in midday trading on Wall Street Thursday, extending a streak of losses and putting the market on track for its second big weekly decline in a row. The market got off to a mixed start but …

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Economy

China’s January Exports, Imports Surge; US Trade Deficit Grows

By Yeco on Thursday, February 8, 2018

China’s export growth accelerated in January amid mounting trade tension with Washington while imports surged as factories stocked up ahead of the Lunar New Year holiday. Exports rose 11.1 percent compared with a year earlier to $200.5 billion, up from …

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