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Economy

‘Foundation 500’ List of Women CEOs Challenges Stereotypes

By Yeco on Thursday, June 8, 2017

From a Peruvian trout farm manager to the head of an Indonesian meatball company, a list of 500 women entrepreneurs in emerging markets was launched Thursday to challenge the stereotype of a typical company boss and inspire women globally. The …

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Economy

Mexican Sugar Producers Want Probe of US Corn Syrup Imports

By Yeco on Thursday, June 8, 2017

Mexican sugar producers want an investigation into suspected dumping in Mexico by U.S. fructose producers even after a U.S.-Mexico deal on access to the U.S. sugar market, the head of the Mexican sugar industry group said Wednesday. The sugar lobby …

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Economy

US Small Businesses in Clean Energy Sector Still Hope for Best

By Yeco on Thursday, June 8, 2017

Small-business owners who install solar panels or help customers use clean energy don’t seem fazed by President Donald Trump’s plan to withdraw the U.S. from the Paris climate accord, saying they expect demand for their services will still keep growing. …

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Economy

Overfishing Leaves an Industry in Crisis in Senegal

By Yeco on Wednesday, June 7, 2017

It was almost sunset as fishermen guided their boats back onto the beach at Joal, Senegal, after a long day at sea. At first glance, it looks as though they’d collected a good day’s haul, but their nets were full …

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Economy

Peru, Indonesia to Make Fishing Boat Tracking Data Public

By Yeco on Wednesday, June 7, 2017

Peru joined Indonesia Wednesday as the only two countries worldwide to make their fishing boat tracking data available to the public. Such access will give conservationists, along with those who buy, sell and eat seafood, a clearer picture where their …

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Economy

World Economy Seen Picking Up, But Political Uncertainty a Risk

By Yeco on Wednesday, June 7, 2017

A global watchdog says the world economy is picking up speed but faces big political uncertainties and needs to be reformed to make growth work for a broader swath of people. The Organization for Economic Cooperation and Development says in …

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Economy

Trump Chooses Regional Banker as Key Regulator of US Banks

By Yeco on Wednesday, June 7, 2017

President Donald Trump has chosen a regional banker as his nominee for a key government position in bank regulation.   Trump announced late Monday he is naming Joseph Otting as comptroller of the currency, heading a Treasury Department agency that …

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Economy

AP Explains: House Republicans Take Aim at Financial Regulations

By Yeco on Wednesday, June 7, 2017

A decade ago, the first inklings of the coming recession emerged as a housing bubble fueled by scant regulation, low interest rates and easy credit gradually began to crater and soon would take the rest of the economy along for …

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Economy

US, Mexico Reach Sugar Pact Without Backing from US Producers

By Yeco on Tuesday, June 6, 2017

The U.S. and Mexican governments reached a new agreement to significantly shift their sugar trade mix, but U.S. sugar producers have failed to endorse the deal, leaving question marks over whether it could still sour broader trade relations. U.S. Commerce …

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Economy

Report: International Tourism to US Stronger Than Expected

By Yeco on Tuesday, June 6, 2017

More international visitors came to the U.S. than expected in April 2017, according to a new report released Tuesday in Washington.   The U.S. Travel Association’s Travel Trends Index shows that international travel to the U.S. grew by about 4 …

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Economy

South Africa’s Economy Falls Into Recession

By Yeco on Tuesday, June 6, 2017

South Africa’s economy – one of Africa’s biggest – is in recession. A 0.7 percent decline in GDP in the first quarter of this year followed a 0.3 percent contraction in the last quarter of 2016, meeting the definition of …

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Economy

US Job Openings Hit Record High

By Yeco on Tuesday, June 6, 2017

The number of job openings advertised in the United States hit a record high of six million in April. Tuesday’s report from Labor Department said the pace of hiring went down at the same time. Analysts say the apparent contradiction …

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Economy

Poland, Ukraine Develop Gas Hub for Independence From Russia

By Yeco on Tuesday, June 6, 2017

Poland and Ukraine said Tuesday they are working toward developing a regional gas hub that would end Central and Eastern Europe’s dependence on Russian supplies and keep prices in line with European standards.   The region still relies to some …

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Economy

Qatari Riyal Under Pressure as Saudi, UAE Banks Delay Qatar Deals

By Yeco on Tuesday, June 6, 2017

Qatar’s currency came under pressure on Tuesday as Gulf Arab commercial banks started holding off on business with Qatari banks because of a diplomatic rift in the region. Banking sources said some banks from Saudi Arabia, the United Arab Emirates …

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Economy

Cities Push Back as Trump Aims to Cut Anti-Terrorism Funding

By Yeco on Tuesday, June 6, 2017

Cities are pushing back on the possibility of losing millions of dollars in U.S. anti-terrorism grants under President Donald Trump’s spending plan — the third straight White House that has moved to cut the funding.   The proposed budget would cut …

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Economy

Trump Administration Considers Air Blasting in Atlantic in Search for Oil, Gas

By Yeco on Monday, June 5, 2017

The Trump administration is considering letting companies use seismic air guns to look for oil and gas deposits below the Atlantic Ocean, outraging environmentalists and coastal towns and resorts. The National Oceanic and Atmospheric Administration (NOAA) says it has gotten …

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Economy

Justices Side With Religious Hospitals in Pension Dispute

By Yeco on Monday, June 5, 2017

Religious hospitals don’t have to comply with federal laws protecting pension plans, a unanimous Supreme Court ruled Monday in a case that affects retirement benefits for roughly a million workers nationwide. The justices sided with three church-affiliated nonprofit hospital systems …

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Economy

US Probes Air Bag Computer Failures in 2012 Jeep Liberty

By Yeco on Monday, June 5, 2017

The U.S. government is investigating complaints that air bag control computers in some Jeep Liberty SUVs can fail, preventing the air bag system from operating properly in a crash. The probe covers about 105,000 of the vehicles from the 2012 …

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Economy

Silk Road Hub or Tax Haven? China’s New Border Trade Zone May Be Less Than It Seems

By Yeco on Monday, June 5, 2017

On the border of China and Kazakhstan, an international free trade zone has become a showpiece of Chinese President Xi Jinping’s signature Belt and Road initiative to boost global trade and commerce by improving infrastructure and connectivity. Chinese state media …

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Economy

US Productivity Flat in First Quarter, While Labor Costs Up

By Yeco on Monday, June 5, 2017

The productivity of American workers was flat in the first three months of this year, while labor costs rose at the fastest pace since the second quarter of last year. Productivity growth was zero in the January-March quarter after rising …

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Economy

White House Looks at Sanctions on Venezuela’s Oil Sector

By Yeco on Sunday, June 4, 2017

The Trump administration is considering possible sanctions on Venezuela’s vital energy sector, including state oil company PDVSA, senior White House officials said, in what would be a major escalation of U.S. efforts to pressure the country’s embattled leftist government amid …

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Economy

Aspiring Chefs Thrive at ‘Restaurant Incubator’

By Yeco on Sunday, June 4, 2017

The restaurant business can cause serious heartburn. It’s a mixed salad of bureaucracy, money, and paperwork that keeps some chefs from ever selling that first plate of food. But there may be hope as “restaurant incubators” offer chefs an alternative …

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Economy

Oregon Wineries Branch Out to Legal Marijuana

By Yeco on Sunday, June 4, 2017

Diversification is a growing trend in some sectors of the agriculture industry. Some winemakers in the northwestern state of Oregon are branching out into marijuana as a new business venture. Faith Lapidus reports. …

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Economy

UN Security Council Sanctions More North Korean Companies, Individuals

By Yeco on Friday, June 2, 2017

The U.N. Security Council increased international pressure on North Korea on Friday to give up its pursuit of a nuclear bomb, adding 14 individuals and four companies to its sanctions lists. The council unanimously voted to impose travel bans and …

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