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Economy

Emirates Cuts Flights to US as Passenger Demand Wanes

By Yeco on Wednesday, April 19, 2017

Emirates Airline, the world’s biggest international air carrier by traffic, said Wednesday it is cutting flights to five U.S. cities because of a drop in demand since President Donald Trump sought to curb immigration from several Muslim-majority countries and imposed …

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Economy

Nigeria Suspends Intel Chief over $43 Million Cash Stash

By Yeco on Wednesday, April 19, 2017

Nigeria’s president on Wednesday suspended the country’s intelligence chief over the recent discovery of $43 million in cash in a Lagos apartment. President Muhammadu Buhari has ordered an investigation into how the National Intelligence Agency came to claim the money …

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Economy

China Seeks Foreign Help in Risky Work Finding Oil in Disputed Sea

By Yeco on Wednesday, April 19, 2017

Beijing is looking for foreign contractors to help find oil and gas under the South China Sea but expects to meet resistance because other governments contest its claims and any discoveries may bring low returns. China’s state-run China National Offshore …

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Economy

Trump Executive Order Makes It Harder to Hire Foreign Workers

By Yeco on Tuesday, April 18, 2017

U.S. President Donald Trump on Tuesday signed an executive order aimed at making it harder for companies to hire temporary foreign workers. The order, called “Buy American — Hire American,” will take initial steps to reform the H1-B visa program. …

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Economy

H1-B Visas Let US Firms Hire Foreigners for Specialized Jobs

By Yeco on Tuesday, April 18, 2017

Not a US citizen? Got skills? Need work? This might be the visa for you. …

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Economy

‘The National’ Newspaper of Abu Dhabi Sees Layoffs after Sale

By Yeco on Monday, April 17, 2017

A state-backed newspaper in the United Arab Emirates that was bought by an Emirati who oversees the English soccer club Manchester City is undergoing layoffs, those with knowledge of the firings said Monday. They told The Associated Press that staffers …

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Economy

The Long, Rough Ride Ahead for ‘Made in America’

By Yeco on Monday, April 17, 2017

Mini motorcycle and go-kart maker Monster Moto made a big bet on U.S. manufacturing by moving assembly to this Louisiana town in 2016 from China. But it will be a long ride before it can stamp its products “Made in …

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Economy

China’s Economy Gains Steam; 1Q Growth Fastest Since 2015

By Yeco on Monday, April 17, 2017

China’s economic recovery is gaining traction, with growth rising to its fastest pace in over a year in January-March. The 6.9 percent annual pace of expansion for the world’s second-largest economy, reported Monday, surpassed economists’ forecasts and was an improvement …

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Economy

Footwear Made from Recycled Water Bottles

By Yeco on Monday, April 17, 2017

Each day, millions of Americans drink purified water and other beverages from disposable plastic bottles. More than 60 million of those bottles are dumped in landfills or burned in incinerators daily. But a couple of American entrepreneurs are putting some …

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Economy

Employers Look to Fill Seasonal Jobs; Advocates Look to Protect Workers

By Yeco on Sunday, April 16, 2017

You may have noticed: Much of the recent anti-immigration rhetoric in Washington most loudly comes from factions on the political right: H1B, H2B, it’s all about protecting American jobs. But every step of the way, progressive groups — while pro-immigrant …

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Economy

New Kabul Coffee Shop Aims for Success in Tea-dominated Afghanistan

By Yeco on Saturday, April 15, 2017

Steeped in centuries of seemingly impenetrable tea tradition, Afghanistan’s capital is getting a little coffee buzz. Nargis Aziz Shahi says business has been increasing day by day since she opened iCafe a couple of weeks ago. Looking a little like …

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Economy

New Kabul Coffee Shop Stirs Interest in Tea-Dominated Afghanistan

By Yeco on Saturday, April 15, 2017

Steeped in centuries of traditional tea drinking, Afghanistan is getting a little coffee buzz for a change. Hikmat Sorosh has more on this popular new trend from the Afghan capital, Kabul, in this story narrated by Michael Lipin, with additional …

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Economy

Seasonal Businesses Scramble to Stay Afloat Without Foreign Workers

By Yeco on Friday, April 14, 2017

Along northeastern Cape Cod off the coast of Massachusetts, April doesn’t usually equate with sunshine and sandcastles. The month is mostly a time of waiting for the fog and chill to lift off the Atlantic Ocean and the tourists to …

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Economy

Trump, Yellen May Not Be an Odd Couple After All

By Yeco on Thursday, April 13, 2017

At first glance, U.S. President Donald Trump and Federal Reserve chair Janet Yellen may have little in common. Yellen is an academic economist and veteran of Democratic administrations who is committed to an open global economy, while Trump is a …

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Economy

Asian Development Bank Upbeat on Lao Economic Growth

By Yeco on Thursday, April 13, 2017

With economic growth rates close to 7 percent, Laos is a star in South East Asia, buoyed by investment and business ties with China, the country’s largest investor. In a new assessment the Lao government and Asian Development Bank predict …

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Economy

South Korea Expecting Tough Trade Talks With Trump

By Yeco on Thursday, April 13, 2017

South Korea is expecting tough trade talks ahead with the United States after President Donald Trump strongly criticized the free trade agreement between the two countries for dramatically increasing the U.S. trade deficit. A report by the United States Trade …

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Economy

In Win for Boeing and GE, Trump Says He Wants to Revive Export-Import Bank

By Yeco on Thursday, April 13, 2017

President Donald Trump plans to revive the hobbled Export-Import Bank of the United States, his office said, a victory for American manufacturers like Boeing and General Electric which have overseas customers that use the agency’s government-backed loans to purchase their …

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Economy

Bill Would Permit Use of Livestock as Loan Security in Zimbabwe

By Yeco on Thursday, April 13, 2017

Zimbabwean entrepreneurs could soon use movable assets, including livestock and vehicles, to secure loans from banks, according to a bill brought before the country’s Parliament this week. The southern African country’s economy is dominated by informal business following the formal …

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Economy

China Won’t Be Labeled a Currency Manipulator, Trump Says

By Yeco on Thursday, April 13, 2017

President Donald Trump said Wednesday that his administration would not label China a currency manipulator, backing away from a  campaign promise, even as he said the U.S. dollar was “getting too strong” and would eventually hurt the economy. In an …

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Economy

United’s Treatment of Passenger Sparks Social Media Storm

By Yeco on Wednesday, April 12, 2017

United Airlines saw its stock price decline by 4 percent or more after a viral video showing a passenger being dragged off a flight and injured sparked outrage in the U.S. and several nations. One airline analyst says he has …

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Economy

Russia Says It is Struggling to Source Gas Turbines for Crimea Power Plant

By Yeco on Wednesday, April 12, 2017

Russia is struggling to source gas turbines for two new power plants it is building in Crimea, Russian Energy Ministry Alexander Novak said Wednesday. European Union sanctions bar European individuals and companies from providing energy technology to Crimea, which Russia …

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Economy

Former Rio Mayor Probed in Olympic-linked Corruption Scandal

By Yeco on Wednesday, April 12, 2017

Former Rio de Janeiro Mayor Eduardo Paes, the moving force behind organizing last year’s Olympics, is being investigated for allegedly accepting at least 15 million reals ($5 million) in payments to facilitate construction projects tied to the games. Paes is …

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Economy

Wall Street Reforms May Be Replaced, Trump Tells CEOs

By Yeco on Wednesday, April 12, 2017

President Donald Trump told a group of chief executives Tuesday that his administration was revamping the Wall Street reform law known as Dodd-Frank and might eliminate the rules and replace them with “something else.” At the beginning of his administration, …

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Economy

Social Media Storm Over Airline Treatment of Passenger

By Yeco on Wednesday, April 12, 2017

United Airlines saw its stock price decline by 4 percent or more after a viral video showing a passenger being dragged off a flight and injured sparked outrage in the U.S. and several nations. One airline analyst says he has …

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