Sales of U.S. military equipment to foreign governments rose 33 percent to $55.6 billion in the fiscal year ended Sept. 30, a U.S. administration official told Reuters on Tuesday. The…
more ...Trump Says Fed Is Raising Interest Rates Too Fast
U.S. President Donald Trump on Tuesday again criticized the Federal Reserve, telling reporters the central bank was going too fast in raising rates when inflation is minimal and government data…
more ...US Slaps Large Fines on Georgia Company for Discrimination
The Justice Department has ruled against a Georgia poultry company in a 7-year-long discrimination case. U.S. attorneys say Mar-Jac Poultry, north of Atlanta, broke federal law when it demanded noncitizens…
more ...Business is Booming in Vietnam
Foreign companies have been flocking to Vietnam. Earlier this year, one of the world’s biggest private equity firms Warburg Pincus added banking and logistics to its Vietnam portfolio, pushing its…
more ...Mahathir: Malaysia May Introduce New Taxes, Sell Assets to Pay Debt
Malaysia may introduce new taxes and sell assets such as land to pay down debt, Prime Minister Mahathir Mohamad said on Tuesday, as his administration struggles with liabilities of around…
more ...Netflix to Bring New US Production Hub to New Mexico
Netflix has chosen New Mexico as the site of a new U.S. production hub and is in final negotiations to buy an existing multimillion-dollar studio complex on the edge of…
more ...IMF Downgrades Outlook for World Economy to 3.7 Percent Growth
The International Monetary Fund is downgrading its outlook for the world economy, citing rising interest rates and growing tensions over trade. The IMF said Monday that the global economy…
more ...Carbon Tax Gets Renewed Attention But Still Faces Resistance
Advocates of taxing fossil fuels believe their position is stronger now because of an alarming new report on climate change and a Nobel Prize awarded to by two American economists,…
more ...Study Reveals First Big look at Chinese Investment in Australia
For the first time, researchers have been able to track the amount of Chinese investment in Australia. From the purchase of large cattle properties to residential real estate, the scope…
more ...Immigrants Spur Farmers Market Revival in US
On a summer Saturday, the St. Paul Farmers Market buzzed with customers loading up on fresh fruits and vegetables or discussing the merits of buffalo meat. “It feels like a…
more ...Are US Labor Unions Souring on Trump’s Tariffs?
American labor unions are increasingly skeptical that President Donald Trump’s tariffs on products like imported Chinese steel will significantly increase manufacturing jobs, wages and conditions for workers. At the Bull…
more ...An Urban Oasis of Fresh Local Produce
Many shoppers believe there is no better place to buy fruits and vegetables than a farmers’ market. St. Paul Farmers’ Market in St. Paul, Minnesota, has been providing fresh vegetables…
more ...American Unions Offer Tepid Support for Trump’s Tariffs
American labor unions are increasingly skeptical that President Donald Trump’s tariffs on countries like China will significantly increase manufacturing jobs, wages and conditions for workers in the U.S. The president…
more ...Final Tweaks in North American Trade Deal Keep Lid on E-commerce
Last-minute changes to a new North American trade deal sank U.S. hopes of making Canada and Mexico allow higher-value shipments to the countries by online retailers, such as Amazon.com, a…
more ...US Job Growth Cools; Unemployment Rate Falls to 3.7 Percent
U.S. job growth slowed sharply in September likely as Hurricane Florence depressed restaurant and retail payrolls, but the unemployment rate fell to near a 49-year low of 3.7 percent, pointing…
more ...Putin Hopes Europe Will Resist US Pressure on Germany Pipeline
Russian President Vladimir Putin on Wednesday strongly defended a prospective Russia-Germany natural gas pipeline as economically feasible and voiced hope that European Union nations will be able to resist U.S.…
more ...7-Year-Old Toy Reviewer on YouTube Becomes Toy Himself
Seven-year-old Ryan drew millions of views reviewing toys on YouTube. Now, he’s become a toy himself. Walmart is selling action figures in his likeness, putty with his face on the…
more ...Trade Pact Clause Seen Deterring China Deal with Canada, Mexico
China’s hopes of negotiating a free trade pact with Canada or Mexico were dealt a sharp setback by a provision deep in the new U.S.-Mexico-Canada trade agreement that aims to…
more ...Mexican, Canadian Steel Lobbies Urge Fix to US Tariff Dispute
Mexico and Canada on Tuesday urged their governments to resolve a tariff dispute with the United States before signing a new trilateral trade deal that was unveiled this week. In…
more ...Disaster Undoes Hard-won Progress for Indonesian Port City
Palu, the Indonesian city devastated by an earthquake, tsunamis and mudslides, has strived to transform itself into a major trading hub, but the city’s buildings and other infrastructure were no…
more ...Tokyo Fishmongers Mourn and Protest Closure of Famous Fish Market
Takako Arai’s earliest memories are of Tsukiji, playing hide-and-seek with her brother in the concrete maze of Tokyo’s sprawling fish market. Years later, she now runs the family’s seafood stall…
more ...Unilever Tops List of Food and Drink Firms Tackling Forced Labor
Anglo-Dutch giant Unilever topped a list on Tuesday ranking how well food and drink companies tackle the risk of forced labor in their supply chains, ahead of Kellogg Company and…
more ...China’s Private Enterprises Feel Squeeze on All Fronts
As trade tensions between Beijing and Washington worsen, a debate is intensifying in China over the role private and state-owned enterprises play in the economy. The debate has even stoked…
more ...Amazon Raising Minimum Wage for US Workers to $15 Per Hour
Amazon is boosting its minimum wage for all U.S. workers to $15 per hour starting next month. The company said Tuesday that the wage hike will benefit more than 350,000…
more ...Mexican Auto Parts Makers See New Trade Deal Boosting Output
Auto parts output in Mexico will jump about 10 percent over the next three years as automakers scramble to adhere to stricter content rules laid out in a new North…
more ...How NAFTA 2.0 Will Shake Up Business as Usual
American dairy farmers get more access to the Canadian market. U.S. drug companies can fend off generic competition for a few more years. Automakers are under pressure to build more…
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