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Economy

Tanzania Struggles to End Child Labor

By Yeco on Wednesday, April 5, 2017

Three years ago, 14-year-old Julius left his family near the lakeside city of Mwanza, Tanzania, to try his luck mining gold. Today, Julius is in no hurry to leave, despite having one of the riskiest jobs on a chaotic mine …

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Economy

US Coal Companies Ask Trump to Stick With Paris Climate Deal

By Yeco on Wednesday, April 5, 2017

Some big American coal companies have advised President Donald Trump’s administration to break his promise to pull the United States out of the Paris Climate Agreement — arguing that the accord could provide their best forum for protecting their global …

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Economy

Bidders on US-Mexico Border Wall Offer Different Ideas

By Yeco on Wednesday, April 5, 2017

Michael Evangelista-Ysasaga wants to build a humane wall on the border between the U.S. and Mexico. That is one reason the Mexican-American answered a call from U.S. Customs and Border Protection for proposals on sections of the wall to be …

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Economy

Trump Tells CEOs He’ll Only Back Shovel-ready Infrastructure

By Yeco on Wednesday, April 5, 2017

With legislation overhauling taxes and health care on an uncertain path, President Donald Trump returned to the familiar. Trump brought 52 business leaders from New York City to the White House Tuesday to talk about another favorite campaign issue — …

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Economy

Gold Imports Surge as Turks Heed Erdogan’s Call and Vote Looms

By Yeco on Tuesday, April 4, 2017

Turkish gold imports rose 17-fold to 28.2 tons in March, as Turks looking to hedge currency risk ahead of a referendum in two weeks time followed President Tayyip Erdogan’s calls to buy gold instead of dollars. After the sharpest falls …

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Economy

Thousands of Non-US Job Seekers Apply for H1-B Visas

By Yeco on Tuesday, April 4, 2017

Large numbers of job seekers from around the world are filing applications at U.S. federal offices as the season opened Monday for H1-B visas for foreign workers.   H1-Bs allow employers – mostly high-tech firms – to hire skilled foreign …

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Economy

Kenyan Entrepreneur Turns Invasive Weed Into Profit

By Yeco on Tuesday, April 4, 2017

An innovator at Kenya’s Lake Victoria has turned an invasion of water hyacinth into a business opportunity, making paper from the weed that he sells in local shops. The initiative is creating jobs and supporting environmental sustainability. Michael Otieno began …

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Economy

South Africa Credit Downgrade Deepens Political Turmoil

By Yeco on Tuesday, April 4, 2017

Recent political turmoil in South Africa has come at a cost, with ratings agency S&P Global saying a controversial Cabinet reshuffle and growing pressure on the president to resign have lowered the country’s sovereign credit rating to “junk” status. Economists …

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Economy

Iranian Airline to Purchase 30 Boeing Jets

By Yeco on Tuesday, April 4, 2017

The U.S. plane maker Boeing said Tuesday it agreed to sell 30 of its 737 MAX jets to Iran’s Aseman Airlines, a deal worth $3 billion. The sale marks the second such Boeing deal made possible by the 2015 nuclear …

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Economy

Sources: Hyundai Motor, Kia Motors Cut China Output Amid Diplomatic Tensions

By Yeco on Tuesday, April 4, 2017

South Korea’s Hyundai Motor Co. and Kia Motors Corp. have slashed vehicle production in China, sources said, as diplomatic tensions and competition from Chinese brands play havoc on sales and threaten earnings. China, the world’s biggest auto market, accounted for …

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Economy

US Homeland Security Announces Steps Against H1B Visa Fraud

By Yeco on Monday, April 3, 2017

The U.S. Department of Homeland Security announced steps on Monday to prevent the fraudulent use of H1B visas, used by employers to bring in specialized foreign workers temporarily, which appeared to fall short of President Donald Trump’s campaign promises to …

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Economy

IMF Chief: Government Policies Needed to Reverse Productivity Slowdown

By Yeco on Monday, April 3, 2017

The effects of the 2008 financial crisis are still being felt, says the International Monetary Fund’s Managing Director Christine Lagarde.  She cites a new IMF study showing global productivity has slowed to 0.3 percent over the last decade, lower than …

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Economy

Japan Business Mood Brightens as Recovery Broadens

By Yeco on Monday, April 3, 2017

Japanese big manufacturers’ business confidence improved for a second straight quarter to hit a one-and-a-half year high in March, a closely watched central bank survey showed, a sign the benefits of an export-driven economic recovery were broadening. Service-sector sentiment improved …

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Economy

Marathoners Set to Pump $192M Into Boston Economy

By Yeco on Sunday, April 2, 2017

Training for the Boston Marathon has left Tommy Race feeling spent. His bank account, too: Race’s Boston adventure will cost about $2,000.   “It’s a lot of money, but it’s also a vacation,” said Race, a high school math teacher …

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Economy

Minister: Iraq to Boost Crude Oil Production by Year’s End

By Yeco on Sunday, April 2, 2017

 Iraq’s oil minister said on Sunday that his country plans to increase daily crude oil production to 5 million barrels by the end of this year, up from the current rate of about 4.4 million barrels per day, to secure …

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Economy

Ethical Investing Surges, But It May Not Be That Ethical

By Yeco on Sunday, April 2, 2017

Investors are plowing ever more into ethical funds to back their views on issues such as global warming and gender equality, but such investments can be confusingly similar to standard funds, except for higher fees and “green halo” marketing. The …

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Economy

Trump Turns Up Heat on International Trade

By Yeco on Saturday, April 1, 2017

President Donald Trump doubled down on his tough talk on trade with a pair of executive orders Friday, which he says are designed to level the playing field and reduce the $500 billion US trade deficit, more than half of …

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Economy

More US Cities Aim to Make Chinese Travelers Feel at Home

By Yeco on Saturday, April 1, 2017

Hotels offer congee and other Chinese staples for room service. Casinos train staff members on Chinese etiquette. Restaurants, tourist sights and shopping malls translate signs, menus and information booklets into Mandarin. The American hospitality industry is stepping up efforts to …

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Economy

First Fiscal Quarter Ends on Financial High Note

By Yeco on Saturday, April 1, 2017

Friday marked the end of the week, the month and the first fiscal quarter of 2017. The first-quarter statistics were pretty impressive with the NASDAQ Composite delivering the best return of the three main indices of nearly 10 percent as …

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Economy

White House Financial Disclosures: Kushner Retains Scores of Real Estate Holdings

By Yeco on Friday, March 31, 2017

President Donald Trump’s son-in-law and daughter are holding onto scores of real estate investments — part of a portfolio of at least $240 million in assets — while they serve in White House jobs, according to financial disclosures released publicly …

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Economy

Cargo Vessels Evade Detection, Raising Fears of Huge Trafficking Operations

By Yeco on Friday, March 31, 2017

Hundreds of ships are switching off their tracking devices and taking unexplained routes, raising concern the trafficking of arms, migrants and drugs is going undetected. Ninety percent of the world’s trade is carried by sea. Every vessel has an identification …

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Economy

Cargo Vessels Evade Detection, Raising Fears of Trafficking Operations

By Yeco on Friday, March 31, 2017

Hundreds of ships are switching off their tracking devices and taking unexplained routes, raising concern that the trafficking of arms, migrants and drugs is going undetected. New technology enables authorities to follow the routes of suspect vessels, but security experts …

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Economy

Power-short Zambia Launches Switch to 100 Percent LED Bulbs

By Yeco on Friday, March 31, 2017

Zambia is attempting to convert the nation to energy-saving light emitting diode (LED) lightbulbs to help plug crippling power shortages that have hit mining and agriculture and imposed daily rationing on parts of the country. If all homes and industries …

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Economy

Environmental Groups Sue Trump Administration for Approving Keystone Pipeline

By Yeco on Friday, March 31, 2017

Several environmental groups filed lawsuits against the Trump administration on Thursday to challenge its decision to approve construction of TransCanada Corp’s controversial Keystone XL crude oil pipeline. In two separate filings to a federal court in Montana, environmental groups argued …

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