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Economy

Mnuchin: Cut Taxes, Regulations to Boost Growth to 3 Percent

By Yeco on Thursday, May 18, 2017

U.S. Treasury Secretary Steven Mnuchin says the nation’s economic growth can rise to 3 percent annually if taxes and regulations are cut. The Treasury secretary spoke Thursday to a Senate committee in his first congressional testimony since he was confirmed …

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Economy

Trump Administration Begins NAFTA Renegotiation Process

By Yeco on Thursday, May 18, 2017

U.S. President Donald Trump’s administration says it has notified Congress it intends to renegotiate the North American Free Trade Agreement with Canada and Mexico. In a letter sent Thursday to congressional leaders, U.S. Trade Representative Robert Lighthizer said the administration …

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Economy

9 Years After Market Crash, Some in US Still Struggling

By Yeco on Thursday, May 18, 2017

Call them the unrecovered — a handful of states where job markets, nine years later, are still struggling back to where they were before the recession. That’s true in Mississippi, where job numbers and the overall size of the economy …

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Economy

Kochs Unveil Campaign to ‘Jolt’ Stalled Tax debate

By Yeco on Thursday, May 18, 2017

The Koch Brothers’ political network is preparing to spend millions of dollars to ensure their vision for tax reform isn’t lost in the increasing chaos consuming President Donald Trump’s administration. The network’s leading organizations, Americans for Prosperity and Freedom Partners, …

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Economy

At Hong Kong Trade Fair, Funerals Go Green, High Tech

By Yeco on Thursday, May 18, 2017

Death is inevitable, but it doesn’t have to be bad for the environment.    Caskets made of paper and wicker coffins on display at a recent Hong Kong funeral industry trade highlighted a trend toward “green burials” in an industry …

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Economy

US Stocks, Dollar and Bonds Falter Amid Political Worries

By Yeco on Wednesday, May 17, 2017

U.S. stocks, the dollar, and government bonds were down in Wednesday’s trading amid investor worries about controversial actions and comments from President Donald Trump. The major U.S. stock indexes fell 1.8 percent or more, and the Dow Jones Industrial Average …

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Economy

Greek Seamen Extend Strike; No Ferries for 4 Days

By Yeco on Tuesday, May 16, 2017

Greek seamen and journalists walked off the job Tuesday, a day before a nationwide general strike to protest new austerity measures the government is legislating for in return for more bailout funds. The seamen’s union announced Tuesday afternoon they would …

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Economy

US Industrial Production Posts Biggest Gain Since 2014

By Yeco on Tuesday, May 16, 2017

American industry expanded production last month at the fastest pace in more than three years as manufacturers and mines recovered from a March downturn.   The Federal Reserve said Tuesday that industrial production at U.S. factories, mines and utilities shot …

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Economy

US-China Trade Deal Brings Mixed Reaction

By Yeco on Tuesday, May 16, 2017

The new U.S.-China trade deal, which includes 10 initial agreements on agricultural trade, financial services, investment and energy, is drawing mixed reviews. The agreement is being panned by some as a poor deal for the United States that does not …

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Economy

Computers in Africa, Asia Seen as Vulnerable Following Global Virus Attack

By Yeco on Tuesday, May 16, 2017

Cybersecurity experts warn that hundreds of thousands of computer users across the globe remain vulnerable following a large-scale virus attack in recent days. The so-called ‘ransomware’ virus struck governments and companies around the world, as Henry Ridgwell reports from London. …

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Economy

China Putting Stamp on Globalization With Belt and Road

By Yeco on Tuesday, May 16, 2017

Chinese President Xi Jinping says countries participating in the two-day Belt and Road Forum have agreed to an action plan with a list of 270 goals Speaking at the end of the forum, China’s leader said the 30 heads of state …

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Economy

Anheuser-Busch Boosts Spending to Adapt to Fragmented Market

By Yeco on Monday, May 15, 2017

Anheuser-Busch is upgrading its U.S. breweries and plans to build two new distribution centers as it adapts to an increasingly fragmented beer market. The maker of Budweiser, Corona, Stella Artois says the upgrades and new distribution centers in Los Angeles …

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Economy

Dubai Plans $1.7 Billion Tourist Project on New Artificial Islands

By Yeco on Monday, May 15, 2017

Dubai plans to develop a 6.3 billion dirham ($1.7 billion) tourist resort on two man-made islands it will build on either side of the Burj Al Arab, its luxury sail-shaped hotel. It is the latest development planned by the emirate …

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Economy

Gingerly, Deals Start Taking Shape Between Rivals China and Vietnam

By Yeco on Monday, May 15, 2017

Historic rivals China and Vietnam are working on substantive agreements that could cover trade, investment and maritime resource sharing despite a bitter sovereignty dispute that had snarled relations less than a year ago. The Communist neighbors are inching toward new …

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Economy

Mnuchin Says G-7 Nations More Comfortable With New US Economic Approach

By Yeco on Saturday, May 13, 2017

U.S. Treasury Secretary Steven Mnuchin said Saturday after meeting with officials from the world’s other industrialized democracies that he thought they were more at ease with Donald Trump’s economic policies. “People are more comfortable today, now that they’ve had the …

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Economy

Companies Affected by Global Cyber Attack

By Yeco on Saturday, May 13, 2017

A global cyber attack on Friday affected British hospitals, government agencies and companies in 99 countries, with Russia, Ukraine and Taiwan the top targets, security software maker Avast said. Hacking tools widely believed by researchers to have been developed by …

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Economy

By the Numbers: China’s Chase of ‘Golden Visa’ Abroad

By Yeco on Friday, May 12, 2017

From the United States and Canada to small islands in Europe and the Caribbean, Chinese are spending billions on new passports and visas to move their families away from their homeland. China’s middle and upper classes are demanding better schools, …

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Economy

US to Attend China’s Belt and Road Forum

By Yeco on Friday, May 12, 2017

In a move that is likely to give a boost to China’s Belt and Road Forum, the United States has announced that it will participate in meetings on the initiative beginning this weekend in Beijing. The decision to attend is …

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Economy

Six Months After India Currency Ban, Poor Still Feel Effects

By Yeco on Friday, May 12, 2017

Like thousands of other small-business entrepreneurs in India, Charanjit Yadav saw his sales of generator sets and batteries plummet in the weeks after the government’s surprising move to scrap 86 percent of the country’s currency last November. Six months on, …

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Economy

Apple to Give $200 Million to Corning for Kentucky Plant

By Yeco on Friday, May 12, 2017

Apple says it will give $200 million to Corning Inc. so it can invest in a Kentucky plant that makes glass screens for iPhones and iPads. The California-based company says the money will come from its Advanced Manufacturing Fund. It …

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Economy

Reports Show Rise in US Inflation, Retail Sales

By Yeco on Friday, May 12, 2017

U.S. consumers bought more cars and hardware, and stepped up online purchases in April, after two months of sluggish sales. Friday’s report from the Commerce Department says retail sales rose four-tenths of a percentage point in April, and sales were …

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Economy

China to Get American Beef and Gas Under Trade Agreement

By Yeco on Friday, May 12, 2017

A sweeping trade agreement, ranging from banking to beef, has been reached between Washington and Beijing, the U.S. Commerce Department announced on Thursday. “It was pretty much a Herculean accomplishment to get this done,” said U.S. Commerce Secretary Wilbur Ross. …

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Economy

Cash and Chemicals: For Laos, Chinese Banana Boom a Blessing and Curse

By Yeco on Friday, May 12, 2017

Kongkaew Vonusak smiles when he recalls the arrival of Chinese investors in his tranquil village in northern Laos in 2014. With them came easy money, he said. The Chinese offered villagers up to $720 per hectare to rent their land, …

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Economy

Americans Rush to Trademark Catchy Phrases

By Yeco on Friday, May 12, 2017

Ideas were flying at a brainstorming session to create a slogan for a group of North Carolina Democrats when Catherine Cloud blurted out a phrase that made a colleague’s eyes light up: “Because this is America.” The words were quickly …

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