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Economy

Judge Tosses $400 Million Verdict in Cancer, Talc Powder Case

By Yeco on Saturday, October 21, 2017

A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson’s Baby Powder for feminine hygiene. The …

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Economy

China Set to Spend Billions on ‘One Belt One Road,’ But Some Want Focus on Poverty

By Yeco on Saturday, October 21, 2017

Running 1,300 kilometers over the world’s highest mountain pass, the “Friendship,” or Karakoram, Highway is evidence of China’s willingness to spend big as a contributor to global development. Costing tens of billions of dollars, the road links western China with …

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Economy

Philippines Faces More Transit Strikes Ahead of Year-end Reform Deadline

By Yeco on Friday, October 20, 2017

A mass transit strike in the Philippines this week risks more disruptive collective action unless drivers and the government settle differences over costly upgrades to an aging yet iconic vehicle fleet, analysts say. Thousands of drivers and operators of “jeepneys” …

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Economy

Political Uncertainty Slows Down Kenya’s Economic Growth

By Yeco on Friday, October 20, 2017

Kenya’s economy is expected to grow next year by 5 percent, down from a projected 6 percent, according to the International Monetary Fund. The slowdown is largely blamed on the political uncertainties related to the re-run presidential election scheduled for …

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Economy

High Schoolers Experience What it is Like to be Professionals

By Yeco on Friday, October 20, 2017

When the new school year started in September, 16-year-old Aelina Pogosian couldn’t wait to tell her friends about the most interesting part of her summer vacation: her RISE internship, working three weeks in the biology lab at Montgomery College. “A …

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Economy

Last Holden Rolls Off Factory Line in Australia

By Yeco on Friday, October 20, 2017

The last mass-produced car designed and built in Australia rolled off General Motors Co.’s production line in the industrial city of Adelaide on Friday as the nation reluctantly bid farewell to its auto manufacturing industry. GM Holden Ltd., an Australian …

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Economy

Workers at iPhone Supplier in China Protest Unpaid Bonuses

By Yeco on Thursday, October 19, 2017

Hundreds of workers streamed through dark streets, blocking an entrance to an Apple iPhone supplier’s factory in eastern China to protest unpaid bonuses and factory reassignments, two witnesses and China Labor Watch, a New York based non-profit group, said Thursday. …

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Economy

Missouri Proposes Innovation Corridor for Amazon’s 2nd Home

By Yeco on Thursday, October 19, 2017

Missouri officials were submitting a bid Thursday for Amazon’s second headquarters that would involve an innovation corridor between Kansas City and St. Louis rather than a single location in one of the state’s major metropolitan areas.   That’s proposal is …

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Economy

US Unemployment Claims Fall to 222,000, Lowest in 44 Years

By Yeco on Thursday, October 19, 2017

The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president. THE NUMBERS: The Labor Department said Thursday that claims for jobless aid dropped by 22,000 to 222,000, fewest since March 1973. …

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Economy

Western Influence Feeding the Streets of Iraq

By Yeco on Thursday, October 19, 2017

In Iraq, young entrepreneurs cash-in on a food trend popularized in the West. Trucks serving American-style fast food serve meals on-the-go and opportunities for those hungry for work. Arash Arabasadi reports. …

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Economy

Dow closes above 23,000 for first time; IBM soars

By Yeco on Wednesday, October 18, 2017

The Dow Jones Industrial Average closed above 23,000 for the first time on Wednesday, driven by a jump in IBM after it hinted at a return to revenue growth. The Dow hit 22,000 on Aug. 2, only 54 trading days …

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Economy

A Lifeline for Millions in Somalia, Money Remittance Industry Seeks More Support

By Yeco on Wednesday, October 18, 2017

Every month, Fatma Ahmed sends $200 of the earnings she makes in London to her family in Somalia. “It’s for daily life. For rent, for buying grocery things, to live over there. Because actually in Somalia, that much we do …

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Economy

A Lifeline for Millions in Somalia, Money Remittance Industry Seeks Support

By Yeco on Wednesday, October 18, 2017

Remittances from overseas diaspora constitute a vital part of the economy of many developing nations, none more so than Somalia, where the inflows add up to more than foreign aid and investment combined. But analysts warn the industry is poorly …

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Economy

10 WTO Members Air Concerns About Trump ‘Buy American’ Order

By Yeco on Wednesday, October 18, 2017

A Geneva trade official says China and Taiwan have joined many U.S. allies including Israel at the World Trade Organization to express concerns over a Trump administration executive order that seeks to maximize use of American-made goods, products and materials …

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Economy

Significant Differences Remain After 4th Round of NAFTA talks End in Washington

By Yeco on Wednesday, October 18, 2017

Trade ministers from the United States, Canada and Mexico wrapped up a contentious fourth round of talks this week, aimed at modernizing the North American Free Trade Agreement. But the Trump administration’s proposals to reshape NAFTA have some trade analysts …

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Economy

Canada: NAFTA’s Proposed Changes ‘Troubling’

By Yeco on Tuesday, October 17, 2017

Canada’s foreign minister says there are “unconventional” and “troubling” proposals on the table as Canada, the United States and Mexico seek to update the North American Free Trade Agreement. The fourth round of talks on revising the 23-year-old NAFTA deal …

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Economy

US Homebuilder Sentiment Rises in October

By Yeco on Tuesday, October 17, 2017

U.S. homebuilders are feeling more optimistic than they have in months, looking past a recent slowdown in new home sales and the risk of rising labor and materials costs following hurricanes Harvey and Irma. The National Association of Home Builders/Wells …

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Economy

Forbes: Trump’s Net Worth Declined by $600 Million in Past Year

By Yeco on Tuesday, October 17, 2017

U.S. President Donald Trump’s net worth declined by some $600 million to $3.1 billion in the past year, according to Forbes magazine. The biggest contributing factor to Trump’s declining fortune was his real estate holdings, much of which is in …

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Economy

TV Analyst and New York Deli Owner: An Immigrant’s Pursuit of a Dream

By Yeco on Tuesday, October 17, 2017

For the last year, the deli that Egyptian-American Hatem El-Gamasy owns in Queens, New York has been the backdrop to on-air discussions on U.S. foreign policy and Middle Eastern affairs that are broadcast in Egypt. But when Egyptian broadcasters caught …

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Economy

In Harvey-hit County, Some in GOP Newly Confront the Climate

By Yeco on Monday, October 16, 2017

The church was empty, except for the piano too heavy for one man to move. It had been 21 days since the greatest storm Wayne Christopher had ever seen dumped a year’s worth of rain on his town, drowning this …

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Economy

Populism Again Casts Shadow Over Booming Eurozone Economy

By Yeco on Monday, October 16, 2017

For months, the outlook for the eurozone economy has brightened thanks to a series of electoral defeats for populist parties in key states like France. Now, following votes in Germany and Austria and the uncertainty over the Spanish region of …

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Economy

IMF: Global Economy Healthy, Still Needs Low Interest Rates

By Yeco on Sunday, October 15, 2017

The world economy is the healthiest it’s been in years but could still use a little help from low-interest rates and higher government spending from countries that can afford it, the International Monetary Fund says.    “There was a strong …

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Economy

Winemaker Vows to Rebuild After Losing Battle With Wildfire

By Yeco on Saturday, October 14, 2017

Throughout Northern California, where wildfires have raged for almost a week, killing at least 36 people and destroying about 6,000 buildings, residents are taking stock of what they have and what they have lost. Many are feeling lucky to have …

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Economy

Innovation an Enormous Opportunity for Women to Shine

By Yeco on Saturday, October 14, 2017

In its 19th year, the Fortune Most Powerful Women Summit brought together women leaders from a variety of industries to discuss the opportunities and pitfalls for companies seeking to grow in a fast-paced business environment. VOA Correspondent Mariama Diallo reports. …

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