Boeing Co. Signs Defense, Commercial Deals with Saudi Arabia

Boeing Co said on Sunday it had signed several defense and commercial deals with Saudi Arabia including for the sale of military and passenger aircraft during a visit by U.S. President Donald Trump to the kingdom. The announcement is the latest in tens of billions of dollars in deals signed between U.S. and Saudi firms since Trump arrived in Riyadh on Saturday. Boeing said Saudi Arabia has agreed to buy…

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EU’s Moscovici Confident Eurogroup Will Reach Deal on Greece

The European Commissioner for Economic and Financial Affairs, Pierre Moscovici, said on Sunday he was confident an agreement between Athens and its creditors could be found at a meeting of euro zone finance ministers on Monday in Brussels. Athens needs funds to repay 7.5 billion euros ($8.4 billion) of debt maturing in July. “We are very close to an overall agreement,” Moscovici told France Inter radio. “Greece has assumed its…

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Softbank-Saudi Tech Fund Becomes World’s Biggest With $93B of Capital

The world’s largest private equity fund, backed by Japan’s Softbank Group and Saudi Arabia’s main sovereign wealth fund, said Saturday that it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics. “The next stage of the Information Revolution is under way, and building the businesses that will make this possible will require unprecedented large-scale, long-term investment,” the Softbank Vision Fund said in a…

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Job Prospects for 2017 College Grads, Best in More Than a Decade

About 3 million Americans will enter the job pool this year as graduation ceremonies get underway at various colleges and universities across the United States. With unemployment at a 10-year low, 2017 is shaping up to be a good year for new grads. But as Mil Arcega reports, success for many will depend on a desire to keep learning and a willingness to go where the jobs are. …

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Hey, Graduates: Good Jobs Exist With or Without 4-Year Degree

About three million American university graduates will enter the job market this year. And with unemployment currently at a 10-year low, it’s a good time to be graduating, says Nicole Smith, chief economist at Georgetown University’s Center on Education and the Workforce (CEW). “We are at one of the lowest unemployment rates we’ve had since May of 2007, so what that means for the graduating class of 2017 is that…

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Why Trump’s Combative Trade Stance Makes US Farmers Nervous

A sizable majority of rural Americans backed Donald Trump’s presidential bid, drawn to his calls to slash environmental rules, strengthen law enforcement and replace the federal health care law. But last month, many of them struck a sour note after White House aides signaled that Trump would deliver on another signature vow by edging toward abandoning the North American Free Trade Agreement. Farm Country suddenly went on red alert. Trump’s…

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OPEC May Extend, Deepen Cuts to Oil Output

An OPEC panel reviewing scenarios for next week’s policy-setting meeting is looking at the option of deepening and extending an OPEC-led deal to reduce oil output, OPEC sources said Friday. OPEC’s national representatives — officials representing the 13 member countries, plus officials from OPEC’s Vienna secretariat — met Wednesday and Thursday to discuss the market. The two-day meeting, called the Economic Commission Board, was scheduled to finish Thursday but will…

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Trump Administration Begins NAFTA Renegotiation Process

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 plans 90 days of consultations with lawmakers over how to rewrite the agreement followed by negotiations with Canada and Mexico that could begin after August 16. Renegotiation of NAFTA was…

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Kochs Unveil Campaign to ‘Jolt’ Stalled Tax debate

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, on Thursday released a set of general preferences for major changes to the tax code. While explicitly stating their opposition to new border-adjustment or value-added taxes, there were few specifics…

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China Sees Trade Summit Raising Global Status, Others See Missed Opportunities

As China hails the success of its first Belt and Road summit, major powers remain skeptical about the $1 trillion-dollar infrastructure and trade project. Analysts say while the ambitious plan has whet the appetite of developing nations, China missed an opportunity to get developed countries on board. The fact that China could get the leaders of the World Bank, International Monetary Fund and the United Nations, along with 29 heads…

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