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Economy

Protests in Tunisia Spur Government to Pledge Aid to Poor

By Yeco on Sunday, January 14, 2018

Tunisia plans to increase aid for poor families by $70.3 million, after nearly a week of protests over austerity measures, an official said Saturday. “This will concern about 250,000 families,” Mohamed Trabelsi, minister of social affairs, said. “It will help …

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Economy

Report: Traffic Fatalities Hold Back Developing Economies

By Yeco on Saturday, January 13, 2018

Deadly traffic accidents are more than just individual tragedies. They’re a drag on economic growth in developing countries, according to a new World Bank report. The study is among the first to show that investing in road safety in low- …

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Economy

Awash in Corn, Soybeans, US Farmers Focus on Trade Deals

By Yeco on Saturday, January 13, 2018

For Illinois farmer Garry Niemeyer, it’s a slow time of year, spent indoors fixing equipment, not outdoors tending his fields, which now lie empty. All of his corn and soybeans were harvested in what has turned out to be a …

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Economy

Awash in Corn, Soybeans, U.S. Farmers Focus on Trade Deals

By Yeco on Saturday, January 13, 2018

The United States Department of Agriculture reports record harvests of corn and soybeans in the United States in 2017, with stocks overflowing at elevators and storage bins across the country. But as VOA’s Kane Farabaugh reports, record yields don’t necessarily …

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Economy

Protests Erupt Again in Tunisia, Cradle of 2011 Arab Spring

By Yeco on Saturday, January 13, 2018

Protesters took to the streets in towns and cities across Tunisia for a fourth day Friday, as anger grows over price hikes introduced by the government. Demonstrations in 2011 in Tunisia grew into the revolution that overthrew the government and …

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Economy

Transit Shutdown in Greece as Unions Strike for Right to Strike

By Yeco on Friday, January 12, 2018

The Athens subway came to a standstill Friday as Greeks protested new reforms that parliament is set to approve Jan. 15 in return for bailout funds, including restrictions on the right to strike. In the first major industrial upheaval of …

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Economy

As Sanctions Bite, China Trade With North Korea Plummets

By Yeco on Friday, January 12, 2018

China’s trade with North Korea plunged 50 percent in December as U.N. sanctions imposed over Pyongyang’s nuclear and missile development tightened, the government reported Friday.   China accounts for nearly all of the isolated North’s trade and energy supplies. Beijing …

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Economy

Fiat Chrysler to Invest $1 Billion in Michigan Plant, Add 2,500 Jobs

By Yeco on Friday, January 12, 2018

Fiat Chrysler Automobile said on Thursday it will shift production of Ram heavy-duty pickup trucks from Mexico to Michigan in 2020, a move that lowers the risk to the automaker’s profit should President Donald Trump pull the United States out …

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Economy

Saudis Open Car Showroom Just for Women

By Yeco on Friday, January 12, 2018

Women flocked to Le Mall in Jeddah on Thursday to check out the kingdom’s first car exhibition aimed at women, a few months after Saudi Arabia granted them the right to drive. Pink, orange and yellow balloons hung in the …

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Economy

Trump’s EPA Aims to Replace Obama-era Climate, Water Regulations in 2018

By Yeco on Thursday, January 11, 2018

The U.S. Environmental Protection Agency will replace Obama-era carbon and clean water regulations and open up a national debate on climate change in 2018, part of a list of priorities for the year that also includes fighting lead contamination in …

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Economy

Walmart Hikes Minimum Wage, Announces Layoffs on Same Day

By Yeco on Thursday, January 11, 2018

Walmart will raise entry-level wages for U.S. hourly employees to $11 an hour in February as it benefits from last month’s major overhaul of the U.S. tax code and competes for low-wage workers in a tight labor market. But on …

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Economy

Second Airbag Inflator Death Prompts Ford to Warn Some Pickup Owners

By Yeco on Thursday, January 11, 2018

Ford Motor Co said Thursday that it had confirmed a second death in an older pickup truck caused by a defective airbag inflator of Takata Corp., and it urged 2,900 owners in North America to stop driving their vehicles immediately until they can get …

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Economy

Samsung Targeted by French Lawsuit Amid Alleged Labor Abuse

By Yeco on Thursday, January 11, 2018

Two French rights groups have filed a lawsuit against electronics giant Samsung, accusing it of misleading advertising because of alleged labor abuses at factories in China and South Korea. It’s the latest labor challenge to Seoul-based Samsung, which has faced …

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Economy

London Mayor: ‘No Deal’ Brexit Could Cost Britain about 500,000 Jobs

By Yeco on Thursday, January 11, 2018

Britain could lose almost 500,000 jobs and 50 billion pounds ($67.41 billion) investment over the next 12 years if it fails to agree a trade deal with the European Union, according a report commissioned by London Mayor Sadiq Khan. Cambridge …

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Economy

Trump Administration Bars Oil Drilling Off Florida

By Yeco on Wednesday, January 10, 2018

Interior Secretary Ryan Zinke has caved in to pressure from the governor and is banning oil and gas drilling off the Florida coast. “I support the governor’s position that Florida is unique and its coasts are heavily reliant on tourism …

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Economy

Poverty for Syrian Refugees in Lebanon Could Push Children to Marry and Work

By Yeco on Wednesday, January 10, 2018

Nearly seven years into Syria’s civil war, Syrian refugees in neighboring Lebanon are becoming poorer, leaving children at risk of child labor and early marriage, aid organizations said on Tuesday. A recent survey by the United Nations children’s agency UNICEF, …

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Economy

Sudan Currency Continues Descent on Black Market Amid Unrest

By Yeco on Wednesday, January 10, 2018

Sudan’s pound currency weakened to 30.5 pounds to the U.S. dollar on Tuesday from about 29.5 pounds a day earlier, traders said, continuing its fall amid protests over bread prices and an acute shortage of hard currency. Street protests broke …

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Economy

Using ‘Digital Lego,’ Communities Redesign India’s Slums

By Yeco on Wednesday, January 10, 2018

When urban designer Trupti Vaitla asked residents of a Mumbai slum what new features they’d like to see in their dilapidated public space, she was surprised by one popular answer: a patch of grass. The Lotus Garden is the only …

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Economy

In Kenya, Struggling Potato Growers Ink a New Deal

By Yeco on Wednesday, January 10, 2018

Sitting on a rickety bench at his home in Kipipiri, in central Kenya, Samuel Macharia pulls a piece of paper from his pocket and proudly points to the signature at the bottom. “This paper means I get paid on time …

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Economy

Trump to Attend Davos World Economic Forum

By Yeco on Tuesday, January 9, 2018

The White House says President Donald Trump will attend this year’s World Economic Forum in Davos, Switzerland, only the second time a U.S. president has attended the summit, and the first in 18 years. Presidential spokeswoman Sarah Huckabee Sanders told …

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Economy

Venezuela Extends Trade Ban With 3 Caribbean Islands

By Yeco on Tuesday, January 9, 2018

Venezuela has extended its ban on air and maritime ties with three nearby Dutch Caribbean islands, citing out of control smuggling, officials said Tuesday.   Venezuela is pressing for high-level talks with leaders of Aruba, Curacao and Bonaire before trading …

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Economy

France Investigates Apple for Slowing Down Old iPhones

By Yeco on Tuesday, January 9, 2018

French prosecutors have opened an investigation into Apple over revelations it secretly slowed down older versions of its handsets.   The Paris prosecutor’s office said Tuesday a probe was opened last week over alleged “deception and planned obsolescence” of some …

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Economy

2017 Most Expensive Year for Natural Disasters

By Yeco on Tuesday, January 9, 2018

2017 was the costliest year on record for natural disasters in the United States, according to scientists. Sixteen disasters caused an estimated $306 billion in damage. VOA’s Steve Baragona reports. …

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Economy

Ecuador to Probe Legality of Debt Under Ex-president Correa

By Yeco on Tuesday, January 9, 2018

Ecuador’s comptroller’s office on Monday announced it will open an audit of debt contracted in the last five years of the government of former President Rafael Correa to determine the legality of the operations and the use of the funds. …

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