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Economy

US Trade Deficit Rises to Highest Level Since January

By Yeco on Friday, June 2, 2017

The U.S. trade deficit rose in April to the highest level since January. The politically sensitive trade gap with China registered a sharp increase.   The Commerce Department said Friday that the U.S. trade gap in goods and services climbed …

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Economy

Investors Bet Trump Climate Withdrawal to Boost US Drilling

By Yeco on Friday, June 2, 2017

The price of oil has fallen sharply as investors bet that President Donald Trump’s decision to pull the United States out of the Paris climate agreement will increase the country’s oil and gas production. The cost of a barrel of …

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Economy

Has India’s Currency Ban Stopped Its Economic Momentum?

By Yeco on Friday, June 2, 2017

The heated debate over India’s cash ban continues, with critics saying it slowed an economy that was growing, while the government says economic momentum was barely affected. Critics say the scrapping of 86 percent of the country’s currency last November …

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Technology

AP Fact Check: Holes in Trump’s Reasoning on Climate Pullout

By Ytech on Friday, June 2, 2017

Announcing that the U.S. will withdraw from the Paris climate accord, President Donald Trump misplaced the blame for what ails the coal industry and laid a shaky factual foundation for his decision. A look at some of the claims in …

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Economy

Asia’s Mom and Pop Investors Lured by Bitcoin’s Returns

By Yeco on Friday, June 2, 2017

Long the preserve of geeky enthusiasts, bitcoin is going mainstream in Asia, attracting Mrs Watanabe — the metaphorical Japanese housewife investor — South Korean retirees and thousands of others trying to escape rock-bottom savings rates by investing in the cryptocurrency. …

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Economy

Steady, Solid Jobs Market Likely to Continue in May Numbers

By Yeco on Friday, June 2, 2017

Exactly eight years after the Great Recession ended, the U.S. job market has settled into a sweet spot of steadily solid growth.   The 4.4 percent unemployment rate matches a decade low. Many people who had stopped looking for jobs …

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Economy

Prisoners in Chicago Make Gourmet Pizza

By Yeco on Friday, June 2, 2017

A jail in Chicago is serving some of the best Italian pizza in town. Inmates are making gourmet pizzas for their fellow prisoners. It’s part of a training program called Recipe for Change in which the inmates can acquire skills …

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Science

India Faces Sharp Increase in Type 2 Diabetes

By Yscien on Friday, June 2, 2017

In the past seven years, the number of children in India classified as obese has risen to 30 percent of the population. That number is expected to double over the next eight years. All that extra weight has led to …

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Science

Scientists Spot Rare Gravity Waves for Third Time

By Yscien on Friday, June 2, 2017

Astronomers said Thursday that they had detected a third ripple in the fabric of space-time, a remnant of a cosmic crash of two black holes 3 billion years ago. These invisible ripples, called gravitational waves and first theorized by Albert …

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Economy

Treasury Chief ‘Confident’ Congress Will Raise US Debt Limit

By Yeco on Thursday, June 1, 2017

U.S. Treasury Secretary Steven Mnuchin said on Thursday he was confident that Congress would raise the federal debt limit  “before there’s an issue” with U.S. creditworthiness, and he pledged that the Trump administration’s tax reform plans would be paid for. …

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Economy

US Withdrawal From Paris Climate Deal Disappoints Many Businesses

By Yeco on Thursday, June 1, 2017

President Donald Trump is moving the United States out of the Paris climate agreement, signed by nearly 200 other nations. Trump said Thursday that the Paris agreement hurts U.S. economic growth, costs millions of American jobs and puts U.S. firms …

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Technology

Investors Pick Tesla’s Promise Over GM’s Steady Profits

By Ytech on Thursday, June 1, 2017

When General Motors CEO Mary Barra introduced the Chevrolet Bolt at the CES gadget show last year, she took a shot at Tesla. Buyers can be confident because Chevy has 3,000 U.S. dealers to service the new electric vehicle, she …

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Technology

US Army Ramps Up Testing of Autonomous Trucks

By Ytech on Thursday, June 1, 2017

The United States Army is taking another step toward developing autonomous trucks this month when it tests them on a Michigan highway. The test, the first on a public road, will feature only flatbed trucks, but the technology could eventually …

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Technology

EU: Social Media Firms Have Increased Removals of Online Hate Speech

By Ytech on Thursday, June 1, 2017

Social media companies like Facebook, Twitter and Google’s YouTube have stepped up both the speed and number of removals of hate speech on their platforms in response to pressure from the European Union to do more to tackle the issue, …

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Science

As Europe Talks Tough on Climate, Data Show Emissions Rose

By Yscien on Thursday, June 1, 2017

A new report showed greenhouse gas emissions in the European Union rose in 2015, the first increase since 2010, even as European officials on Thursday urged the United States to remain part of a global climate pact. Emissions grew by …

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Science

Microsoft Cofounder Unveils Huge Rocket Launching Plane

By Yscien on Thursday, June 1, 2017

Microsoft cofounder Paul Allen’s entry into the commercial space race has been revealed. Allen posted a picture of a plane nicknamed the “Roc” on Twitter, showing an extremely unusual and enormous plane that he hopes will eventually launch rockets into …

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Economy

Chinese Maker of Ivanka Trump Shoes Denies Labor Violations

By Yeco on Thursday, June 1, 2017

A Chinese company that makes shoes for Ivanka Trump and other brands denied allegations Thursday of excessive overtime and low wages made by three activists who have been arrested or disappeared. The Associated Press reported Tuesday that Hua Haifeng, an …

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Economy

Conflicting Trends Highlight EU-China Business Ties

By Yeco on Thursday, June 1, 2017

The business relationship between China and Europe is showing several contradictory trends as Beijing seeks to protect its own state-owned enterprises (SOEs) and its leaders seek foreign investments promising further liberalization in rules. Chinese Premier Li Keqiang was in Berlin …

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Science

Ohio Sues Drug Makers it Accuses of Fueling Opioid Crisis

By Yscien on Thursday, June 1, 2017

The U.S. state of Ohio filed a lawsuit Wednesday against five prescription drug manufacturers, saying they used deceptive practices that fueled an opioid addiction epidemic. “These drug manufacturers led prescribers to believe that opioids were not addictive, that addiction was …

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Technology

NASA May Build GPS for Space Travel

By Ytech on Thursday, June 1, 2017

Today’s travelers on land, sea and air rely on one of the satellite-based navigational systems commonly known as GPS, where the G stands for Global. Scientists at NASA will soon start experiments aiming at changing Global to Galactic. For that, …

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Technology

Researcher Engineers Protein-Rich Algae as Meat, Soy Substitute

By Ytech on Thursday, June 1, 2017

Fighting hunger around the globe is uniquely challenging. It’s not just getting the food to those who need it. It includes growing, or in the case of protein, raising the food that will feed the hungry. But a group of …

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Economy

Canada Threatens to Cancel Boeing Order Over Trade Complaint

By Yeco on Thursday, June 1, 2017

Canada’s defense minister repeated a threat Wednesday to cancel the purchase of 18 fighter jets from Boeing Co. because of the company’s trade complaint against Canadian plane maker Bombardier.   Harjit Sajjan said Boeing’s action against Bombardier is “unfounded” and …

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Economy

Investors Push Exxon on Climate Change, Diverge With Trump

By Yeco on Thursday, June 1, 2017

Major investors put U.S. industry on notice Wednesday that climate change matters, even as reports emerged that President Donald Trump plans to withdraw the United States from an international pact to fight global warming. A number of large institutional fund …

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Technology

Big Data Maps India’s Human Traffic Hot Spots

By Ytech on Thursday, June 1, 2017

An Indian charity is using big data to pinpoint human trafficking hot spots in a bid to prevent vulnerable women and girls vanishing from high-risk villages into the sex trade. My Choices Foundation uses specially designed technology to identify those …

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