The Trump administration is ready to provide more federal aid to farmers if required, a White House adviser said on Monday, after rolling out up to $12 billion since last year to offset agricultural losses from the trade dispute with China. “We have allocated $12 billion, some such, to farm assistance. And we stand ready …
Author: iBiz
Kudlow: Trump Administration Eyes More Aid to Farmers if Necessary
The Trump administration is ready to provide more federal aid to farmers if required, a White House adviser said on Monday, after rolling out up to $12 billion since last year to offset agricultural losses from the trade dispute with China. “We have allocated $12 billion, some such, to farm assistance. And we stand ready …
Palm Oil Development Leaves Liberians Poorer, says Winner of ‘Green Nobel’
Palm oil plantations in Liberia are billed as bringing jobs and development but actually leave locals poorer, said a Liberian lawyer who won the prestigious Goldman Environmental Prize on Monday. The U.S.-based Goldman Environmental Foundation gives the prize — often known as the Green Nobel — to six grassroots activists each year for efforts to …
Mexico President Kicks Off New Capital Airport Project
Mexican President Andres Manuel Lopez Obrador on Monday symbolically launched work on a new airport for Mexico City to replace the nearly half-built $13 billion project he cancelled upon taking office. Lopez Obrador promised the new Felipe Angeles airport northeast of the capital won’t exceed its budget and will save the government money even …
Mexico President Kicks Off New Capital Airport Project
Mexican President Andres Manuel Lopez Obrador on Monday symbolically launched work on a new airport for Mexico City to replace the nearly half-built $13 billion project he cancelled upon taking office. Lopez Obrador promised the new Felipe Angeles airport northeast of the capital won’t exceed its budget and will save the government money even …
IMF: US Sanctions Cutting Iranian Growth, Boosting Inflation
The International Monetary Fund is forecasting Iran’s economy to shrink by 6% this year as it faces pressure from U.S. sanctions. In a report released Monday, the IMF said its estimates for Iran, which include the potential for inflation to top 40%, predate a U.S. decision to end waivers that have allowed some Iranian oil …
More People Use Smartphone Apps to Find Flexible Gig Jobs
While many people have office jobs, working inside an office is not for everybody. And these days in the U.S. more people are turning to gig work — temporary jobs that allow them to work from home, hold multiple jobs and have flexible hours. More gig workers are now using smartphone apps to find jobs …
More People Use Smartphone Apps to Find Flexible Gig Jobs
While many people have office jobs, working inside an office is not for everybody. And these days in the U.S. more people are turning to gig work — temporary jobs that allow them to work from home, hold multiple jobs and have flexible hours. More gig workers are now using smartphone apps to find jobs …
Trump Presses Japan’s Abe to Build More Vehicles in US
U.S. President Donald Trump urged Japanese Prime Minister Shinzo Abe to have Japanese automakers produce more vehicles in the United States, according to a readout of their recent meeting provided Saturday by the U.S. ambassador to Japan. The two discussed recent public announcements by Japanese automakers, including Toyota Motor Corp.’s decision to invest more in U.S. plants. “We …
Trump Presses Japan’s Abe to Build More Vehicles in US
U.S. President Donald Trump urged Japanese Prime Minister Shinzo Abe to have Japanese automakers produce more vehicles in the United States, according to a readout of their recent meeting provided Saturday by the U.S. ambassador to Japan. The two discussed recent public announcements by Japanese automakers, including Toyota Motor Corp.’s decision to invest more in U.S. plants. “We …
Uber’s Stock Offering Terms Temper Expectations
Uber Technologies Inc., the world’s largest ride-hailing company, plans an initial public offering that values the company lower than the startup’s insiders had hoped, between $80.5 billion and $91.5 billion. The valuation, outlined in a regulatory filing Friday, is less than the $120 billion that investment bankers told Uber last year it could fetch, and closer to the $76 billion valuation …
Uber’s Stock Offering Terms Temper Expectations
Uber Technologies Inc., the world’s largest ride-hailing company, plans an initial public offering that values the company lower than the startup’s insiders had hoped, between $80.5 billion and $91.5 billion. The valuation, outlined in a regulatory filing Friday, is less than the $120 billion that investment bankers told Uber last year it could fetch, and closer to the $76 billion valuation …
Foxconn Jobs, Tax Credits Could Be Renegotiated in Wisconsin
Wisconsin Gov. Tony Evers and Foxconn Technology Group officials are talking about making changes to the contract signed in 2017 that was based on constructing a larger display screen manufacturing facility than is now proposed. But neither side is giving details. So how might the deal be changed? And what’s at stake for each …
Foxconn Jobs, Tax Credits Could Be Renegotiated in Wisconsin
Wisconsin Gov. Tony Evers and Foxconn Technology Group officials are talking about making changes to the contract signed in 2017 that was based on constructing a larger display screen manufacturing facility than is now proposed. But neither side is giving details. So how might the deal be changed? And what’s at stake for each …
Amazon Aims to Bring One-day Delivery to Prime Members Around Globe
Amazon.com Inc plans to deliver packages to members of its loyalty club Prime in just one day, instead of two days, part of a spending ramp-up that might curb future profits after a blockbuster first quarter. Shares rose as much as 2% in after-hours trade on Thursday on the faster shipping announcement for customers around …
US Adds Chinese e-commerce Site to ‘Notorious’ List for IP Protection
The U.S. Trade Representative said on Thursday it has added Pinduoduo.com, China’s third-largest e-commerce platform, to its “notorious markets” list for a proliferation of counterfeit products, as the agency also called out China as a priority to watch for intellectual property rights concerns. In its annual review of trading partners’ protection of intellectual properties rights …
US Adds Chinese e-commerce Site to ‘Notorious’ List for IP Protection
The U.S. Trade Representative said on Thursday it has added Pinduoduo.com, China’s third-largest e-commerce platform, to its “notorious markets” list for a proliferation of counterfeit products, as the agency also called out China as a priority to watch for intellectual property rights concerns. In its annual review of trading partners’ protection of intellectual properties rights …
Brent Oil Hits $75 For First Time in 2019 as Russian Exports Cut
Brent oil rose above $75 per barrel on Thursday for the first time this year as quality concerns forced the suspension of some Russian crude exports to Europe while the United States prepared to tighten sanctions on Iran. Brent crude futures were at $75.24 by 1156 GMT, up 67 cents. They earlier hit a session …
Brent Oil Hits $75 For First Time in 2019 as Russian Exports Cut
Brent oil rose above $75 per barrel on Thursday for the first time this year as quality concerns forced the suspension of some Russian crude exports to Europe while the United States prepared to tighten sanctions on Iran. Brent crude futures were at $75.24 by 1156 GMT, up 67 cents. They earlier hit a session …
South Korean Economy Shrinks Unexpectedly in 1st Quarter
South Korea’s economy unexpectedly shrank in the first quarter, marking its worst performance since the global financial crisis, as government spending failed to keep up the previous quarter’s strong pace and as companies slashed investment. The shock contraction reinforced financial market views that the central bank is likely to make a U-turn on policy, shifting …
South Korean Economy Shrinks Unexpectedly in 1st Quarter
South Korea’s economy unexpectedly shrank in the first quarter, marking its worst performance since the global financial crisis, as government spending failed to keep up the previous quarter’s strong pace and as companies slashed investment. The shock contraction reinforced financial market views that the central bank is likely to make a U-turn on policy, shifting …
Facebook Beats Profit Estimates, Sets Aside $3 billion for Privacy Penalty
Facebook Inc on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a lid on the costs of making its social networks safer, and set aside $3 billion to cover a settlement with U.S. regulators, calming investors who had worried about the outcome of a months-long federal probe. Shares of …