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Economy

US, Mexico and Canada Launching NAFTA Renegotiation Talks

By Yeco on Wednesday, August 16, 2017

The United States, Mexico and Canada are opening negotiations Wednesday to reform the North American Free Trade Agreement, a 1994 trade deal that was a major target in U.S. President Donald Trump’s run for office. Trump has called NAFTA “the …

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Economy

Trade Talks: Key Issues in the NAFTA Renegotiations

By Yeco on Wednesday, August 16, 2017

Negotiators from Canada, Mexico and the United States will kick off an ambitious first round of trade talks Wednesday as the countries try to fast-track a deal to modernize the North American Free Trade Agreement by early next year. The …

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Economy

Brazil Lawmakers Seek $1B in Taxpayer Money for Election Campaigns

By Yeco on Tuesday, August 15, 2017

Brazilian lawmakers facing a dearth of financing for their re-election campaigns next year proposed on Tuesday creating a fund of 3.6 billion reais ($1.1 billion) in taxpayer money to help their parties foot the bills. The Supreme Court banned corporate …

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Economy

High-tech US Plants Offer Jobs Even as Laid-off Struggle

By Yeco on Tuesday, August 15, 2017

Herbie Mays is 3M proud, and it shows — in the 3M shirt he wears; in the 3M ring he earned after three decades at the company’s plant in suburban Cincinnati; in the way he shows off a card from a …

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Economy

Amazon Opens ‘Instant Pickup’ Points in US Brick-and-Mortar Push

By Yeco on Tuesday, August 15, 2017

Amazon.com Inc is rolling out pickup points in the United States where shoppers can retrieve items immediately after ordering them, shortening delivery times from hours to minutes, the company said on Tuesday. The world’s largest online retailer has launched “Instant …

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Economy

Asked to Serve, Some CEOs Say No More to Trump

By Yeco on Tuesday, August 15, 2017

First it was the leader of a major U.S. pharmaceutical, then the CEO of an athletic gear company, and before the day had ended, the chief executive of a $170 billion tech giant. Three of the nation’s top executives resigned …

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Economy

Difficult Negotiations Ahead as NAFTA Talks Begin in Washington

By Yeco on Tuesday, August 15, 2017

The first round of negotiations between the US, Canada and Mexico begins this week on what President Donald Trump has called “the worst trade deal ever.” He blames the 2-decades-old North American Free Trade Agreement (NAFTA) for the loss of …

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Economy

China: US ‘Baring of Fangs’ on Trade Will Hurt Both Sides

By Yeco on Tuesday, August 15, 2017

A decision by the United States to investigate China’s trade practices is a unilateralist “baring of fangs” that will hurt both sides, China’s state news agency Xinhua said Tuesday. U.S. President Donald Trump on Monday authorized an inquiry into China’s …

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Economy

Ex-head of Mexico’s State Oil Company Denies Taking Bribes

By Yeco on Monday, August 14, 2017

The former head of Mexico’s state-owned oil company, a key campaign adviser to President Enrique Pena Nieto, has denied accusations that he took bribes from Brazilian construction company Odebrecht.   Emilio Lozoya said Sunday via Twitter that he was never …

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Economy

Merck CEO Pulls Out of Trump Panel, Demands Rejection of Bigotry

By Yeco on Monday, August 14, 2017

The chief executive of one of the world’s largest pharmaceutical companies resigned on Monday from a business panel led by Donald Trump, citing a need for leadership countering bigotry in a strong rebuke to the U.S. president over his response …

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Economy

Guam’s Tourism Popularity Unhurt by North Korea Threats

By Yeco on Monday, August 14, 2017

Tourists haven’t been deterred from visiting the tropical island of Guam even though the U.S. territory has been the target of threats from North Korea during a week of angry words exchanged by Pyongyang and Washington. Chiho Tsuchiya of Japan …

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Economy

Trump Orders China Trade Investigation

By Yeco on Monday, August 14, 2017

U.S. President Donald Trump ordered his trade office Monday to investigate whether China is stealing American intellectual property, but Beijing warned in advance that both countries would end up losers in a trade war. Trump took a break from his …

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Economy

Lift Off for Africa’s First Airport Brewery

By Yeco on Monday, August 14, 2017

There is a new addition to Africa’s busiest air transport hub, O.R. Tambo International Airport near Johannesburg: the continent’s first airport-based brewery. Airport Craft Brewers is a reflection of South Africa’s burgeoning independent beer sector, with growing numbers of beer …

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Economy

Chinese Newspaper Warns Trump Risks ‘Trade War’

By Yeco on Monday, August 14, 2017

A Chinese state newspaper warned Monday that President Donald Trump “could trigger a trade war” if he goes ahead with plans to launch an investigation into whether China is stealing U.S. technology. In a commentary by a researcher at a …

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Economy

Are Immigrants Driving the Motor City?

By Yeco on Sunday, August 13, 2017

Beside rows of rusting shipping containers, a decorative wrought iron fence surrounds Taquería Mi Pueblo, one of the first family-run Mexican restaurants in southwest Detroit, Michigan. Its owner, Jalisco-native José de Jesús López, surveys the trees he planted and his …

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Economy

Beleaguered Detroit Relying on Immigrants to Revitalize City

By Yeco on Sunday, August 13, 2017

Detroit, Michigan, knows hardship and recovery. One of the hardest hit areas in the country during the Great Recession, the Midwestern Rust Belt city has since found an ingredient to its economic revitalization through empowerment of its immigrant communities. But …

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Economy

US Stocks Post Gains Friday After Several Down Days

By Yeco on Friday, August 11, 2017

U.S. stock market indexes posted gains in Friday’s trading, a change in direction after several down days amid tensions between President Donald Trump and North Korea. In New York, the Standard & Poor’s 500 index and the Dow Jones industrial …

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Economy

Interview: How North Korea Tensions Impact Stock Markets

By Yeco on Friday, August 11, 2017

Rising tensions between the United States and North Korea brought a wave of falling stock prices recently as worried investors moved money out of equities and into the perceived safety of gold, Swiss currency and similar products. At one point, …

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Economy

Israel, Land of Milk and Honey – and Now Whiskey?

By Yeco on Friday, August 11, 2017

Israel has been known as the land of milk and honey since Biblical times – but the land of single malt whiskey? One appropriately named distillery is trying to turn Israel into a whiskey powerhouse. Smooth, honey-brown whiskey is not …

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Economy

Oil-state Senators Advise Against US Ban on Venezuela Oil

By Yeco on Friday, August 11, 2017

Four U.S. Senate Republicans from oil-refining states Thursday urged the Trump administration not to block oil shipments from Venezuela as part of U.S. sanctions against the country, saying it could raise costs for U.S. fuel consumers. The United States sanctioned …

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Economy

Arctic Fjords Help Russia Combat Fish Shortage Problems

By Yeco on Friday, August 11, 2017

Arctic fjords that hid Soviet nuclear-powered submarines during the Cold War are now being used as a weapon in the sanctions war with Europe – to rear fish that Russia can no longer import. Three years ago, Russia banned food …

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Economy

Cooking Gas Shortages Force Venezuelans to Turn to Firewood

By Yeco on Thursday, August 10, 2017

Venezuelan homemaker Carmen Rondon lives in the country with the world’s largest oil reserves, but has spent weeks cooking with firewood due to a chronic shortage of home cooking gas – leaving her hoarse from breathing smoke. Finding domestic gas …

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Economy

US-Africa Trade Talks End With No Decision, Waning Enthusiasm

By Yeco on Thursday, August 10, 2017

Talks between African and U.S. officials to review the African Growth and Opportunity Act (AGOA) free-trade deal ended Thursday with no decision and a feeling on all sides that it has achieved little since it was set up. President Donald …

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Economy

Croatia Cuts Import Fees to Avoid Trade War with Balkan Neighbors

By Yeco on Thursday, August 10, 2017

Croatia revoked on Thursday its decision to raise import fees on some farm products by 220 percent, avoiding a trade war with its Balkan neighbors who had threatened to hit back with counter-measures. European Union-member Croatia last month raised its …

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