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Economy

China Says Jump in North Korea Trade Just a Blip

By Yeco on Friday, July 7, 2017

A jump in first-quarter trade between China and North Korea was “unexpected” and masks a declining trend, a state-run Chinese newspaper said Friday, after U.S. President Donald Trump denounced China’s trade with its isolated neighbor. Trade between China and North …

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Economy

Britain’s Finance Industry Faces ‘Tipping Point’ Over Brexit

By Yeco on Thursday, July 6, 2017

Britain will lose its status as Europe’s top financial center unless it keeps borders open to specialist staff, improves infrastructure and expands links with emerging economies, TheCityUK said in a report published Thursday. The report from Britain’s most powerful financial …

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Economy

City Plan Aims for Flood-free Growth in Argentina’s Santa Fe

By Yeco on Wednesday, July 5, 2017

Bolstering flood defenses and moving families away from risky areas are high on the agenda for Argentina’s Santa Fe as the river port city looks to grow its economy and improve its infrastructure under a new urban plan. The inland …

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Economy

IMF: Global Economic Recovery ‘On Track,’ But Nations Must Work Together

By Yeco on Wednesday, July 5, 2017

The global economic recovery “remains on track,” according to the International Monetary Fund, but other experts say advanced economies are in for a period of slow growth. The IMF study is published as leaders from the G-20, the world’s major …

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Economy

Rio Olympics Look to IOC for Help with $40 Million Debt

By Yeco on Wednesday, July 5, 2017

Almost a year after the Rio de Janeiro Olympics, Brazilian organizers are asking for help from the International Olympic Committee to satisfy creditors who are still owed about 130 million reals ($40 million). Mario Andrada, a spokesman for the Rio …

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Economy

Booming Tourist Industry Boosting African Economies

By Yeco on Wednesday, July 5, 2017

A new report finds flourishing tourism in Africa is putting millions of people to work and adding billions of dollars to national economies. The UN Conference on Trade and Development’s annual Economic Development in Africa Report projects continued robust growth …

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Economy

Trump, Merkel on G-20 Collision Course Over Climate, Trade

By Yeco on Tuesday, July 4, 2017

As police step up patrols and protesters set up camp in Hamburg, Germany, no one is expecting an easy weekend when U.S. President Donald Trump joins other heads of the world’s 20 leading economies. Trump and German Chancellor Angela Merkel …

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Economy

Tesla Says its Model 3 Car will Go on Sale on Friday

By Yeco on Tuesday, July 4, 2017

Electric car maker Tesla says its much-ballyhooed Model 3 car for the masses will go on sale on Friday. CEO Elon Musk made the announcement Monday on Twitter.   The car is to start around $35,000 and with a $7,500 …

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Economy

Vegetarian Beef Farmer Moves Herd to Greener Pastures

By Yeco on Tuesday, July 4, 2017

For committed vegetarian Jay Wilde, taking over his father’s central England beef farm in 2011 gave rise to a significant ethical dilemma: how could he continue running his family business, while adhering to his principles? This year, Wilde took an …

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Economy

Qatar, Isolated by Neighbors, Plans Gas Output Boost

By Yeco on Tuesday, July 4, 2017

The politically isolated Gulf nation of Qatar says it plans to boost production of liquefied natural gas by 30 percent over the coming years. State-run Qatar Petroleum made the announcement in the capital, Doha on Tuesday, a day after Qatar …

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Economy

Renewable Energy Surges, But Fossil Fuel Still Powers Most of Economy

By Yeco on Monday, July 3, 2017

Renewables are a fast-growing part of the energy that powers the United States, but a government report shows fossil fuels still provide energy for most of the economy. The Energy Information Administration says petroleum, natural gas, and coal provided 81 …

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Economy

Export Boom? Eurozone Shows Britain How it’s Done

By Yeco on Monday, July 3, 2017

Feted by some British newspapers as proof of a Brexit vote windfall, Britain’s recent export recovery ranks as the worst among Europe’s major economies, according to one closely-watched measure. Surveys of manufacturers across Europe published by data firm IHS Markit …

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Economy

World’s Biggest Container Shipping Line Operating Close to Normal After Cyberattack

By Yeco on Monday, July 3, 2017

A global Danish transport and logistics company says it has restored most of its information technology systems after experiencing a major cyberattack last week that affected companies and government agencies in more than 60 countries. A.P. Moller-Maersk says it resumed …

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Economy

Qatar’s Stock Market Falls as Neighbors’ Demands Unmet

By Yeco on Sunday, July 2, 2017

Qatar’s stock market fell sharply Sunday as a deadline for Doha to accept a series of political demands by four Arab states was expected to expire later in the day with no sign of a resolution. The Qatari stock index …

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Economy

Thailand, China to Sign $5 Billion Rail Infrastructure Agreement

By Yeco on Friday, June 30, 2017

In a major boost to Thailand’s transportation infrastructure, the military government is set to sign a more than $5 billion agreement with China for a high-speed rail network. The first stage of the rail, the 252 kilometers from Bangkok to …

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Economy

India to Rollout Momentous Tax Reform, But Many Fear Rocky Transition

By Yeco on Friday, June 30, 2017

India is set to rollout a momentous tax reform at midnight Friday that will transform the country of 1.3 billion people into a single market. The Goods and Services Tax (GST) will replace an entanglement of more than a dozen …

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Economy

US Growth in First Quarter Better Than Expected, Global Outlook Improves

By Yeco on Friday, June 30, 2017

U.S. economic growth in the first quarter of 2017 was better than expected but not by much. The Commerce Department says U.S. GDP, the broadest measure of goods and services produced in the country, grew 1.4 percent from January to …

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Economy

Kenya’s Nomads Work Together to Reduce Conflicts and Poverty

By Yeco on Friday, June 30, 2017

It looked like a hostage swap, only the currency was livestock and the mission was to end decades of deadly clashes. More than 50 sheep, goats and cows stood in the scorching heat of a desolate no-man’s land in arid …

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Economy

US Farmers Plow Through Uncertain Trade Environment

By Yeco on Thursday, June 29, 2017

Many Americans in rural parts of the United States voted to elect Donald Trump as president in 2016, despite his stance against trade agreements. In the wake of the President Trump’s announcement to withdraw from the Trans Pacific Partnership Agreement, …

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Economy

Uber, Others Change Vietnam’s Motorbike Culture

By Yeco on Thursday, June 29, 2017

Nguyen Kim Lan used to make a decent living shuttling customers around town on his Honda motorbike. But his clientele has dwindled as young and tech-savvy Vietnamese increasingly use ride-hailing apps like Uber and Grab to summon cheaper, safer motorbike …

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Economy

Cuba Expects Tourism Growth Despite Trump’s Crackdown on US Travel

By Yeco on Thursday, June 29, 2017

Cuba earned more than $3 billion from tourism in 2016 and expects to better that this year despite President Donald Trump’s tightening of restrictions on U.S. travel to the Caribbean island, a government official said on Wednesday. “In 2016, revenue …

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Economy

Politics of Death: Lawyers Join Battle Over Land in Mineral-rich Indian State

By Yeco on Thursday, June 29, 2017

For Shalini Gera, a rights lawyer in India’s Chhattisgarh state, it was the searing testimony of tribal activist Soni Sori that drew her attention to atrocities in the mineral-rich state. Sori, who was arrested in 2011 on charges of aiding …

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Economy

Trial of Chinese Billionaire in UN Bribery Case Opens

By Yeco on Tuesday, June 27, 2017

Jury selection began Monday in the trial of a Chinese billionaire accused of bribing United Nations diplomats to gain their approval of a U.N. conference center he wanted to build. Ng Lap Seng has pleaded not guilty. He has posted …

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Economy

Thirteen EU Nations Back Plan for Talks With Russia Over Pipeline

By Yeco on Tuesday, June 27, 2017

Thirteen EU nations voiced support on Monday for a proposal to empower the bloc’s executive to negotiate with Russia over objections to a new Russian gas pipeline to Germany, despite opposition from Berlin. At an informal debate among EU energy …

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