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Economy

US High Court Turns Away Dispute Over Gay Worker Protections

By Yeco on Monday, December 11, 2017

The U.S. Supreme Court on Monday refused to hear an appeal by a Georgia security guard who said she was harassed and forced from her job because she is a lesbian, avoiding an opportunity to decide whether a federal law …

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Economy

EU-Mercosur Talks Hit Snags, Announcement Could Be Delayed

By Yeco on Monday, December 11, 2017

Free-trade talks between the European Union and South American trade bloc Mercosur still face hurdles over beef and ethanol, and an expected deal announcement this week might not happen, officials involved in negotiations said on Monday. Mercosur diplomats involved in …

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Economy

Top EU Economic Powers Warn US About Tax Plans

By Yeco on Monday, December 11, 2017

The European Union’s top five economies are warning the United States that its massive tax overhaul could violate some of its international obligations and risks having “a major distortive impact” on trade. In a letter to U.S. Secretary of the …

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Economy

Chef Batali Exits Company, TV Show After Sex Harassment Accusations

By Yeco on Monday, December 11, 2017

Celebrity chef Mario Batali said on Monday that he has stepped away from his restaurant company and ABC said it asked him to step aside as co-host of a daytime food and talk show after he was accused of sexual …

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Economy

Traders Brace for Launch of Bitcoin Futures Market

By Yeco on Sunday, December 10, 2017

The newest way to bet on bitcoin, the cyptocurrency that has taken Wall Street by storm with its stratospheric price rise and wild daily gyrations, will arrive Sunday when bitcoin futures start trading. The launch has given an extra kick …

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Economy

Argentina Blocks Two Activists From Entry on Eve of WTO Meeting

By Yeco on Sunday, December 10, 2017

Argentina blocked two European activists from entering the country on the eve of the World Trade Organization’s ministerial meeting in Buenos Aires, the two told a local radio program Saturday. Sally Burch, a British activist and journalist for the Latin …

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Economy

Three Central Banks, Three Economic Outlooks for 2018

By Yeco on Saturday, December 9, 2017

Three central banks, meeting on both sides of the Atlantic, will highlight the diverging fortunes of the world’s biggest economies as they head into 2018 after an exceptionally tranquil year. While the growth cycle in the United States may be …

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Economy

US Economy Adding Jobs, But Employers Say Skills Gap is Rising

By Yeco on Saturday, December 9, 2017

The U.S. economy posted another impressive month, adding 228,000 jobs in November. The unemployment rate, now at a 17-year low, remains unchanged at 4.1 percent. But even as more Americans returned to the workforce, job recruiters say the job market …

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Economy

Wind, Fire, Ash Destroy Much of California Avocado Crop

By Yeco on Saturday, December 9, 2017

The wildfire that roared through the orchards of California’s Ventura County destroyed much of the region’s avocado crop not just with flames, but also with fierce Santa Ana winds and a thick blanket of ash. With the so-called Thomas Fire …

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Economy

‘Worker Bee’ Round of NAFTA Talks to Focus on Easier Chapters

By Yeco on Saturday, December 9, 2017

NAFTA trade negotiators convene in Washington next week for a limited round of talks unlikely to move the needle on major sticking points, but aimed at demonstrating some progress toward closing easier chapters. Last month’s round of negotiations to update the …

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Economy

From Poles to Filipinos? UK Food Industry Needs Post-Brexit Workers

By Yeco on Saturday, December 9, 2017

Britons who voted for Brexit in the hope of slashing immigration seem set for disappointment. In the farming and food industries at least, any exodus of Polish and Romanian workers may simply be followed by arrivals of Ukrainians and Filipinos. …

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Economy

Maldives Rushes Through Trade Pact With China Despite Opposition

By Yeco on Saturday, December 9, 2017

The Maldives government signed a free trade agreement with China during a visit to Beijing by its leader, Abdulla Yameen, it said on Friday, despite criticism from the opposition over the speed at which the deal was concluded. Under the …

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Economy

Bangladesh Asks NY Fed to Help it Recover Stolen Millions

By Yeco on Friday, December 8, 2017

Bangladesh’s central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world’s biggest cyber-heists, several sources said. The Fed has …

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Economy

Climate ‘Refugees,’ Sidelined From Global Deal, Ask: ‘Where Is the Justice?’

By Yeco on Thursday, December 7, 2017

Vulnerable communities uprooted by climate change are being left out of a voluntary pact to deal with migration, campaigners said, after the United States pulled out of the global deal. Although people within low-lying states are being forced to relocate …

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Economy

China’s Sinopec Sues Venezuela in Sign of Fraying Relations

By Yeco on Thursday, December 7, 2017

Sinopec USA, a subsidiary of the Chinese oil and gas conglomerate, has sued Venezuela’s state oil company PDVSA in a U.S. court, claiming it never received full payment for an order of steel rebar. The lawsuit asks for $23.7 million …

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Economy

‘Swiss-Made’ Label Lacks Precision for Watch Industry

By Yeco on Wednesday, December 6, 2017

If you buy a “Swiss-made” watch thinking it’s almost entirely produced in Switzerland, you might be mistaken. The manufacture of components including dials, sapphire glass and cases is flourishing in China, Thailand and Mauritius and many of these end up …

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Economy

China’s Exports to Cuba Slump as Island’s Cash Crunch Deepens

By Yeco on Wednesday, December 6, 2017

Chinese exports to Cuba have plunged this year in the latest sign of a worsening in the Communist-run island’s financial situation, which began in 2015 with the economic crisis in its top trading partner Venezuela. Chinese exports to Cuba slumped …

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Economy

Too Chic for Amazon: Luxury Firms in EU Can Pick Sales Sites

By Yeco on Wednesday, December 6, 2017

Luxury goods companies may ban sales of their products on online platforms like Amazon to preserve their aura of exclusivity, the European Union’s top court said Wednesday.  The European Court of Justice ruled in favor of the German branch of …

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Economy

France’s War on Waste Makes It Most Food Sustainable Country

By Yeco on Wednesday, December 6, 2017

A war on food waste in France, where supermarkets are banned from throwing away unsold food and restaurants must provide doggy bags when asked, has helped it secure the top spot in a ranking of countries by their food sustainability. …

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Economy

Analysts: Maduro’s Cryptocurrency to Fare No Better Than Venezuela Itself

By Yeco on Wednesday, December 6, 2017

Venezuela’s plan to create an oil-backed cryptocurrency faces the same credibility problems that dog the ruling Socialist Party in financial markets and is unlikely to fare any better than the struggling OPEC member itself, investors and technical experts say. President …

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Economy

White House Denies Reports Trump Financial Records Subpoenaed

By Yeco on Tuesday, December 5, 2017

The White House on Tuesday strongly denied that the special prosecutor looking into alleged Russian interference in last year’s election has asked a German bank for records relating to accounts held by Donald Trump and his family members. “We’ve confirmed …

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Economy

Uzbekistan Seeks Eventual Sea Access With Afghan Railway Deal

By Yeco on Tuesday, December 5, 2017

Uzbekistan and Afghanistan signed an agreement Tuesday to extend a railroad connecting the two countries in a move that may eventually give Uzbekistan a direct link to seaports. Landlocked Uzbekistan’s access to marine shipping is very limited. In 2011, the Uzbek …

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Economy

EU Names, Shames 17 States Deemed International Tax Havens

By Yeco on Tuesday, December 5, 2017

The European Union named and shamed 17 states that it accuses of being tax havens Tuesday, and put another 47 countries on notice that they risk being blacklisted, too, unless they start tackling tax evasion. The blacklist was agreed on …

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Economy

Lawmaker: Support for Brazil’s Pension Reform More Organized

By Yeco on Tuesday, December 5, 2017

The government of Brazil’s President Michel Temer is far from assembling the coalition needed to pass a landmark pension reform, but potential supporters of the measure are now more organized, a key legislator said on Monday. “We’re still enormously far …

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