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Economy

ILO: Global Unemployment Rises to More than 200 Million

By Yeco on Monday, October 9, 2017

Global unemployment this year stands at more than 201 million, an increase of 3.4 million compared to 2016, says the International Labor Organization. The ILO says the private sector, especially small and medium-sized enterprises, plays a crucial role in creating …

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Economy

American Richard H. Thaler Wins Nobel Prize in Economic Science

By Yeco on Monday, October 9, 2017

American Richard H. Thaler was awarded the 2017 Nobel Prize for Economics — officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. The award committee said Thaler was chosen “for his contributions to behavioral economics.”   “By …

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Economy

Bugs in the Food by Design at Bangkok Fine-dining Bistro

By Yeco on Monday, October 9, 2017

Ants and beetles in the kitchen? Normally that’d close down a restaurant immediately, but for a unique eatery in Bangkok, bugs in the beef ragu and pests in the pesto are the business plan.   Tucking into insects is nothing …

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Economy

New Zealand Currency Falls to 4-month Low as Political Coalition Talks Continue

By Yeco on Monday, October 9, 2017

The New Zealand currency sunk to a fresh four-month low on Monday as a small nationalist party carried out negotiations to determine the country’s next government. The currency fell to $0.7160, its lowest since early June, from $0.7090 on Friday …

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Economy

Tourism Drop Means Harvey Still Punishing Texas Beach Towns

By Yeco on Monday, October 9, 2017

Born and raised in this Texas Gulf Coast beach town, James Wheeler Jr. finds himself sawing plywood and hanging sheet rock at a time when he would normally be leading deep-sea fishing excursions, trying to hook tuna or Spanish mackerel …

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Economy

Sudan Currency Gets Boost From Sanctions Relief

By Yeco on Sunday, October 8, 2017

Sudan’s currency strengthened to 18.5 pounds to the dollar from 20.2 on the black market on Sunday, the first day of business since the United States lifted trade sanctions, raising a glimmer of hope for recovery in the war-torn country. …

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Economy

At Trump Scottish Resorts, Losses Doubled Last Year

By Yeco on Sunday, October 8, 2017

Donald Trump boasts of making great deals, but a financial report filed with the British government shows he has lost millions of dollars for three years running on a couple of his more recent big investments: his Scottish golf resorts. …

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Economy

Bees Are Carrying Pesticides Into Most of the World’s Honey

By Yeco on Sunday, October 8, 2017

The decline of the world’s industrialized honeybees has been well documented. A combination of pesticides and parasites have led to whole bee colonies dying off, a phenomenon called Colony Collapse Disorder. Now, it turns out the pesticides that are hurting …

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Economy

Holy Spirits? Closed Churches Find Second Life as Breweries

By Yeco on Saturday, October 7, 2017

Ira Gerhart finally found a place last year to fulfill his yearslong dream of opening a brewery: a 1923 Presbyterian church. It was cheap, charming and just blocks from downtown Youngstown. But soon after Gerhart announced his plans, residents and …

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Economy

Uganda Lures World Investors to Boost Conservation Tourism

By Yeco on Saturday, October 7, 2017

Home to half the world’s Mountain gorilla and 50 percent of world bird species, conservation tourism marketing remains a challenge for Uganda.  In a first ever conservation Finance Giants Forum, Uganda also known as the Pearl of Africa, Friday, got …

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Economy

US Economy Loses 33,000 Jobs in September, but Rebound Expected

By Yeco on Saturday, October 7, 2017

Two back-to-back hurricanes in the continental U.S. displaced more workers than first thought resulting in a net loss of 33 thousand jobs in September. But the job losses seem to have had little effect on the national unemployment rate, which …

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Economy

Ham for a Watch: Venezuelans Struggle With Cash Shortages

By Yeco on Saturday, October 7, 2017

Venezuelans already struggling to find food, medicine and other basic necessities have a new shortage to worry about: cash.   Troubling shortfalls of Venezuelan bolivars are forcing many in this distressed South American nation to form long lines outside banks …

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Economy

US Chamber: Trump Making ‘Highly Dangerous’ NAFTA Demands 

By Yeco on Saturday, October 7, 2017

The U.S. Chamber of Commerce warned on Friday that the Trump administration was making “highly dangerous demands” in the North American Free Trade Agreement modernization talks that could erode U.S. business support and torpedo the negotiations. John Murphy, the chamber’s …

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Economy

US Slaps More Duties on Canada’s Bombardier

By Yeco on Saturday, October 7, 2017

The U.S. Commerce Department said Friday that it is imposing more duties on Canada’s Bombardier C series aircraft, charging that the Canadian company is selling the planes in America below cost. The 80 percent duty comes on top of duties …

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Economy

Nate Takes Aim as US Still Reels From Earlier Storms

By Yeco on Friday, October 6, 2017

Tropical Storm Nate is being blamed for more than 20 deaths across Central America even as it tracks toward a likely U.S. landfall this weekend as a hurricane. “The system is forecast to strengthen over the Gulf of Mexico, and …

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Economy

New Japan Party Unveils ‘Yurikonomics’ Deregulation Steps

By Yeco on Friday, October 6, 2017

A new party led by Tokyo Governor Yuriko Koike said on Friday it hopes to pursue policies to revive the economy that do not rely excessively on fiscal and monetary stimulus steps in a party platform unveiled ahead of a …

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Economy

Why Do Land Rights Matter to Communities and Companies?

By Yeco on Friday, October 6, 2017

Experts met in Stockholm this week to assess progress on securing land rights for indigenous people and local communities and how businesses connect to them. More than half of land rights conflicts in the developing world are not resolved, pitting …

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Economy

Study: Student Debt Defaults More Likely at For-Profit Schools

By Yeco on Thursday, October 5, 2017

Students who attended for-profit colleges were twice as likely or more to default on their loans than students who attended public schools, according to a federal study published Thursday. The report by the National Center of Education Statistics looks at …

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Economy

Drought-hit and Hungry, Sri Lankans Struggle for a Harvest — or Work

By Yeco on Thursday, October 5, 2017

At 52 years old, with two grown children, Newton Gunathileka thought he should be working less by this point. Instead he has never worked so hard — and earned so little. Gunathileka, from the Sri Lankan village of Periyakulam, in …

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Economy

Archaeologists Put Greek Resort Step Closer to Reality

By Yeco on Thursday, October 5, 2017

Greece welcomed Wednesday a decision by senior archaeologists to conditionally permit a major tourism project in Athens, saying it cleared the way for the country to turn the site into one of Europe’s biggest coastal resorts. The 8-billion-euro ($9.4 billion) …

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Economy

South Korea Now Open to Trade Pact Revisions

By Yeco on Thursday, October 5, 2017

South Korea indicated Wednesday it was open to talks on revising a 2012 trade pact with the United States after initial differences that followed President Donald Trump’s threat to terminate the accord unless it was renegotiated. After a day of …

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Economy

Yellen: Fed Committed to Easing Regulations on Smaller Banks

By Yeco on Wednesday, October 4, 2017

Federal Reserve Chair Janet Yellen said Wednesday that the Fed is committed to making sure that the regulations it imposes on the nation’s community banks are not overly burdensome, noting a proposed rule issued last week to simplify requirements governing …

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Economy

US Business Groups Say WTO Unable to Curb Many Chinese Trade Practices

By Yeco on Wednesday, October 4, 2017

U.S. business groups expressed frustration on Wednesday with what they said are China’s efforts to tilt the economic playing field in favor of domestic companies, adding that World Trade Organization rules are insufficient to police all of Beijing’s trade practices. …

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Economy

Tourists Trickle Back to Tunisia After 2015 Militant Attacks

By Yeco on Wednesday, October 4, 2017

Dozens of tourists pack beach chairs at a Tunisian luxury hotel, where everything from the swimming pool to the wall paint, the furniture at the shiny reception hall, the police post at its gate and even its name is new. …

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