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The number of international visitors to the United States through June fell sharply from last year, according to government data released Wednesday.

And the number of business travelers fell by much more than the drop in tourists, according to the monthly report from the Commerce Departments National Travel and Tourism Office.

Total foreign visitors fell four percent compared to the first six months of last year, with travelers from Mexico down more than nine percent and from Britain down six percent, but visits from Canada up nearly five percent.

Excluding Canada and Mexico, overseas visitors fell nearly six percent, but business travel dropped nearly nine percent compared to a 5.6 percent decline in tourists.

President Donald Trump in his first year in office repeatedly promised to build a wall on the border with Mexico, and has ordered bans on visitors from several Muslim-majority countries in the Middle East and Africa.

Visits from the Middle East plunged 30 percent in the first half of the year, and from Africa dropped 27 percent. There also were double-digit declines in visitors from South and Central America, the Caribbean and Eastern Europe.

Among the top 20 countries with the most visitors, Venezuela, Argentina, Brazil and India saw travelers fall well over 10 percent.

In contrast, arrivals from South Korea jumped 18 percent, while Ireland saw a 4.7 percent increase, Italy was up 4.2 percent, Spain 3.5 percent and France 1.5 percent, according to the monthly data.
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U.S. ethanol producers, looking to relieve a growing domestic glut, are hunting for new international fuel markets to replace China and Brazil after trade disputes slashed exports to those top buyers.

Without new markets, U.S. producers may have to pare output after spending hundreds of millions of dollars on biofuel production plants in recent years. Currently, the most promising potential destinations for U.S. fuel exports appear to be Mexico and India, industry executives said.

China and Brazil accounted for 41 percent of the 1.17 billion gallons the United States exported last year. Shipments to the two shriveled in September, making U.S. exports for that month the smallest in more than a year.

“There are only so many times you can replace your top market,” said Tom Sleight, president of the U.S. Grains Council, which officials said has been calling on potential buyers in Kenya, Ghana and Nigeria.

China’s demand plummeted by more than 100 million gallons this year after it removed a preferential tariff rate. Brazil’s imports tumbled after it put a quota on imports in September to protect its domestic producers.

Selling points

To drum up new customers, Illinois-based ethanol producer Marquis Energy has sent executives to India, China, Thailand and the Philippines, promoting the corn-based fuel additive as a smog- and oil-import fighter.

“I’ve had a lot of people over there almost nonstop over the last three months,” the company’s chief executive, Mark Marquis, said of the hunt for buyers in Asia. Archer Daniels Midland Co and Flint Hills Resources also have stepped up efforts to sell into Mexico, traders said.

U.S. ethanol prices have slid to nearly a two-year low as daily domestic production last week hit a record 45.1 million gallons, making the search for new export markets more urgent.

Output this year could reach about 16 billion gallons, nearly triple that of 2007.

U.S. exports fell since hitting 2.5 million gallons per day in the first eight months this year. Shipments to Brazil sank to 19 million gallons in September, the smallest monthly volume in more than a year. Exports to China through September were just 60,880 gallons, a precipitous drop from 198 million gallons a year earlier, according to U.S. Department of Agriculture data.

The marketing effort could pay off in Mexico, whose energy regulatory commission (CRE) is to vote soon to ease the flow of fuel imports through state-run Pemex facilities to several Mexican states bordering the United States.

If approved, significant new volumes of gasoline blended with 10 percent ethanol could begin flowing in 2018 into Chihuahua, Coahuila, Nuevo Leon and Tamaulipas states, CRE Commissioner Luis Guillermo Pineda told Reuters.

“The largest supplier is logically the United States, but it can be from anywhere,” Pineda said of the ethanol blend.

Import prediction

Ray Young, ADM’s finance chief, last month told analysts Mexico could be importing 200 million gallons annually by 2019.

U.S. ethanol exports to Mexico last year totaled about 30 million gallons.

U.S. inventories reached 920 million gallons in the week ended November 17, up 16 percent from a year earlier, the U.S. Energy Information Administration said. Ethanol futures have fallen to $1.36 per gallon on the Chicago Board of Trade, down 20 percent from their 2017 high in April.

U.S. producers are pitching China and India on ethanol’s smog-fighting potential. This month, United Airlines canceled flights to India’s capital, New Delhi, citing heavy smog as a public health emergency. China ordered Beijing and more than two dozen other cities to start meeting limits on airborne pollution starting this month.

Ted McKinney, a USDA official interviewed during a biofuel-promotion trip to India, expressed optimism that country could import much more U.S. ethanol for cars and trucks. But others were not so sure.

India’s government wants to promote biofuel production using its own agricultural waste, said Jai Asundi, research coordinator at a Bengaluru-based think tank, the Center for Study of Science, Technology and Policy.

“There is a potential for producing ethanol from locally available sources without depending on imports,” Asundi said.
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Women need to be given a greater role in industries in poorer nations to meet the global goal of cutting poverty by 2030, the head of the United Nations industrial development agency said on Monday after being voted in for a second term.

Li Yong said empowering women will be a priority in his second four-year stint as director general of the United Nations Industrial Development Organization (UNIDO), which oversees about 860 projects to boost economic growth and tackle poverty.

Data shows about half of the world’s women are in the labor force compared with about 75 percent of men, hold less senior roles and earn on average 60 to 75 percent of what men make.

But studies repeatedly show that more women working accelerates economic growth, while women also invest more of their income into families to educate children and end poverty.

“We need to look at how our projects help women’s empowerment and job creation,” Li, formerly of China’s Ministry of Finance, told the Thomson Reuters Foundation in an interview at UNIDO’s 17th General Conference in Vienna.

“Lots of projects like agro-industry are related to women’s empowerment … and one part of our evaluation is to look at women’s empowerment, at training, at jobs, all those things that are very concrete measures.”

Li was widely praised in his first term in office for re-establishing UNIDO as a key development organization in the U.N. system with a mission to promote industry as a driver to create jobs, boost prosperity, and reduce poverty.

Some countries had questioned the purpose and effectiveness of UNIDO, one of 15 specialized U.N. agencies, and some nations withdrew funding in the past decade including Britain, the United States, Australia, Canada and France.

Climate Change

Representatives of UNIDO’s 168 member states, however, said Li had changed the focus to support developing countries and find ways to build sustainable, environmentally friendly businesses using fewer resources, less energy and generating less waste.

He had also encouraged public and private, local and international partnerships such as setting up agro-industrial parks and introducing clean tanning technology to India’s leather industry.

One of the U.N.’s Sustainable Development Goals, an agenda to be reached by 2030, acknowledges industrialization as a key driver of sustained economic sustainability and prosperity.

Li said UNIDO’s core mission had never been more relevant.

He said poverty, employment and hunger remain major challenges, exacerbated by climate change, resource depletion, environmental degradation and the potential impact of new technology which will cut jobs, with women to be worst hit.

Africa remained a priority, but climate change meant thinking differently about manufacturing, particularly in low-lying small island nations with limited resources, he said.

Such nations import expensive crude oil to generate power, he said.

“I said to them ‘Open your eyes. Expand your vision.'” said Li. “If they could use renewable power, like solar or maybe tidal … they can manage their fishing industry, or tourism, and expand job creation.”

He said the Pacific island nations of Kiribati and the Marshall Islands had joined UNIDO in the past two years and others were keen to follow suit.

“Our work is very relevant to their economic development,” he said.
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Diplomats are searching for ways to prevent the global trade dispute resolution system from freezing up, after the Trump administration blocked appointments to the body that acts as the supreme court for global trade.

U.S. President Donald Trump has vetoed the appointment of judges to fill vacancies on the seven-member Apellate Body of the World Trade Organization, which provides final decisions in arguments between countries over trade.

“Members are already having a conversation about what to do with this situation,” WTO Director General Roberto Azevedo told reporters. “They are floating ideas, they are discussing. We have to see how that evolves.”

The WTO normally has seven judges and needs three to sign off on every appeal ruling. But two have left and another goes in December, leaving only four — just one above the minimum — to deal with a growing backlog of trade disputes.

Azevedo said he did not think the situation was a threat to the WTO’s survival but it was already having an impact, and the longer it went on the more acutely it would be felt.

In a confidential note sent to all WTO members on Monday, a copy of which was reviewed by Reuters, the Appellate Body said departing judges would continue working after they left on appeals filed before their terms ended. The United States has objected to that practice in the past.

Appointments to the Appellate Body are meant to be unanimously agreed by all 164 members, like all decisions at the WTO. The fine print says the WTO can switch to majority voting if necessary, but diplomats are reluctant to do that for fear of unravelling a system that relies on consensus as a bulwark to protectionism.

Azevedo said the Trump administration had made clear it had misgivings about the way the world trade system has functioned, although it had not linked any specific demands for reform with the decision to halt appointments to the appeals panel.

The Trump administration has not publicly explained why it is blocking the appointment of judges to the trade panel. The U.S. mission to the WTO in Geneva declined to comment.

‘True emergency’

Several trade experts said the move seemed to fit Trump’s ideology of favoring bilateral trade deals over the multi-lateral system embodied by the WTO.

Pieter Jan Kuijper, professor of law at the University of Amsterdam, said Trump’s trade representative, Robert Lighthizer, preferred the pre-WTO practice of negotiating the outcome of trade disputes rather than being bound by WTO rulings.

Although Trump regularly says Washington has been hurt by trade disputes, WTO experts mainly say the United States has actually been a big winner at the WTO. But negotiating the outcome of trade disputes rather than leaving them to judges might tip the balance further in Washington’s favor.

Kuijper compared Trump’s stance to that of Zimbabwe’s former president Robert Mugabe killing off the court of the Southern African Development Community by blocking new judges when the court became too troublesome.

“That example doesn’t make one optimistic,” he said. “We are in a true emergency where we should take into account that the end of the Appellate Body may come, either by design or by accident.”

Possible solutions

At a panel discussion Monday for trade officials and diplomats, Kuijper and other trade experts discussed possible ways to avert a crisis if more vacancies come open.

One solution would be to switch to majority voting for appointing judges. Another would be for the judges to change their own working procedures, refusing to take any more appeals until there are more judges.

Nicolas Lockhart, a trade lawyer at Sidley Austin LLP, suggested the WTO could use its arbitration process more to resolve disputes and rely less on appeals.

All three approaches have drawbacks, including the risk of further alienating the United States.

“A process that could lead to a situation where the United States leaves the WTO in a huff is actually a situation where everyone loses, and the last thing we should be aiming for,” said Alice Tipping, a former New Zealand trade diplomat now at the International Center for Trade and Sustainable Development.
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A general appointed at the weekend to run Venezuela’s energy sector will name more military officers to senior management posts at state oil company PDVSA as part of a shakeup the government says is aimed at fighting corruption, two company sources told Reuters on Monday.

In a surprise move, unpopular leftist President Nicolas Maduro on Sunday tapped Major General Manuel Quevedo to lead PDVSA and the Oil Ministry, giving the already powerful military control of the OPEC nation’s dominant industry.

Besides the corruption scandals, Quevedo will have to tackle an attempted debt restructuring, within the context of a deep recession and debilitating U.S. sanctions.

Sources in the sector said Quevedo’s appointment could quicken a white-collar exodus from PDVSA and worsen operational problems at a time when production has already tumbled to near 30-year lows of under 2 million barrels per day.

About 50 officials at state oil company PDVSA have been arrested since August in what the state prosecutor says is a “crusade” against corruption.

Sources within PDVSA and the oil industry said Maduro’s administration was using corruption allegations to sideline rivals and deepen its control of the industry, which accounts for over 90 percent of export revenue.

“The order given is to militarize PDVSA in key areas,” said a PDVSA employee, asking to remain anonymous because he was not authorized to speak to the media.

A second source said he was told military officials would take over key production divisions in Venezuela’s east and west.

Venezuela’s president, a former bus driver and union leader whose popularity has plummeted during the economic crisis, has gradually handed the military more power in his cabinet and in key sectors such as mining.

Unlike his popular predecessor Hugo Chavez, Maduro does not hail from the military. The opposition says he has been forced to buy the loyalty of the army, historically a power broker in Venezuela, giving them top posts and juicy business contracts while turning a blind eye to corruption.

PDVSA did not immediately respond to a request for comment, but an internal company message seen by Reuters called on workers to come to Caracas on Tuesday for Quevedo’s swearing in.

“Let’s all go to Caracas to consolidate the deepening of socialism and the total, absolute transformation of PDVSA,” the message read.

Increasing Military Sway

Quevedo, a former housing minister with no known energy experience, is not a heavyweight in Venezuela’s political scene, although two sources close to the military told Reuters he was a Maduro ally.

Opposition lawmaker Angel Alvarado predicted the appointment would worsen PDVSA’s operations.

“They’re getting rid of the old executives, who although socialist and working under catastrophic management, at least knew about oil,” he said. “Now we’re going to have totally inexperienced hands.”

Although military appointees had been on the rise within the oil industry too, Quevedo’s appointment is the first time in a decade and a half that a military official has taken the helm of the oil industry.

PDVSA so far had been led by chemist Nelson Martinez and the Oil Ministry by engineer Eulogio Del Pino, both of whom rose in the ranks under previous PDVSA president and Oil Minister Rafael Ramirez.

Later demoted to become Venezuela’s representative at the United Nations in New York, Ramirez recently criticized Maduro for not reforming Venezuela’s flailing economy, in what insiders say is a power struggle between the two rivals.

Oil Companies Worry

The opposition has also accused Quevedo of violating human rights during the National Guard’s handling of anti-Maduro protests, in which stone-throwing hooded youths regularly clashed with tear gas-firing soldiers.

U.S. Senator Marco Rubio included Quevedo on a 2014 list of Venezuelan officials whom he said should be named in U.S. sanctions, although Quevedo does not appear in the list released by the U.S. Treasury Department.

Venezuela’s government denies abuses, saying protesters were in fact part of a U.S.-promoted “armed insurrection” designed to sabotage socialism in Latin America.

Quevedo’s appointment has worried foreign oil companies in Venezuela, including U.S. major Chevron and Russian state oil giant Rosneft, according to industry sources.

Venezuela is also trying to pull off a complex restructuring of foreign debt, including $60 billion in bonds, about half of which have been issued by PDVSA. Bondholders were invited to Caracas for a meeting with the government two weeks ago, but market sources say there has been no concrete progress or proposals since.

PDVSA said on Friday it was making last-minute payments on two bonds close to default, including one backed by shares in U.S.-based Citgo, a Venezuelan-owned refiner and marketer of oil and petrochemical products, due on Monday, and called for “trust” as it seeks to maintain debt service amid the crisis.

Quevedo’s position on the debt issue is not publicly known.
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In the United States, it’s Cyber Monday, a day when holiday shoppers could set a new spending record for online purchases from work, home or anywhere with their cellphones.

With rising wages in the U.S., low unemployment and strong consumer confidence, research firm Adobe Analytics predicted shoppers could spend $6.6 billion on Monday, more than a 16 percent jump over last year’s record-setting total.

Online shopping has been increasing steadily in the U.S. for years as many consumers stay away from traditional brick-and-mortar stores in favor of the convenience of shopping from laptop computers, hand-held devices or, to the dismay of their employers, workplace computers.

Black Friday

Black Friday, the day after last week’s Thanksgiving holiday in the U.S., is traditionally the biggest holiday shopping day of the year, coming a few weeks ahead of gift-giving at Christmas and Hanukkah. Equity firm Consumer Growth Partners estimated Friday’s sales, both in stores and online, at about $33 billion, a 4.8 percent advance over 2016.

Even as shoppers, lured by discounted prices, thronged to stores on Friday to buy the latest tech gadgets, toys and clothing, retailers reported that overall, the number of shoppers in their stores dipped a bit, an indication that many buyers were instead shopping online.

The National Retail Federation is predicting that U.S. consumer spending in November and December could climb 4 percent over a year ago to $682 billion, which would make this the strongest holiday shopping season since 2014.

Competition

Two of the biggest online retailers in the U.S., Amazon.com and Wal-Mart Stores, are about even in offering the lowest prices on a large array of consumer items, a Reuters survey showed. A year ago, products bought through Amazon were typically 3 percent cheaper, but the news agency said its survey showed that Wal-Mart has now narrowed the gap to three-tenths of 1 percent.

The boost in consumer spending, which accounts for 70 percent of the U.S. economy, the world’s largest, is buoyed by a falling jobless rate. The unemployment rate was 4.1 percent in October, the lowest level in 17 years, and employers hired another 261,000 workers.

 
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Startup founders, investors and tech leaders from around the world are heading to Hyderabad, India for the 8th annual Global Entrepreneurship Summit, co-hosted by the U.S. and Indian governments.

Ivanka Trump, adviser to U.S. President Donald Trump and his daughter, will join host Prime Minister Narendra Modi in kicking off the three-day event, which will focus on women in business. More than 1,500 participants from 150 countries are expected at the event, which runs from November 28 through 30.

It had not been clear whether the Trump administration would continue the annual summit that was launched at the White House by the Obama administration in 2010. Trump has focused on domestic growth and U.S. job creation with an “America first” message.

But in June, Prime Minister Modi, while visiting the White House, announced that the two countries would co-host the summit.

America first, global partners

The gathering comes as the U.S. and India appear to be working to strengthen ties.

Having an “America first” economic policy is “not exclusive of collaboration, partnership and strong economic security and social relationships around the world,” said a senior administration official, speaking anonymously.

The summit is “a testament to the strong friendship between our two people and the growing economic and security partnership between our two nations,” said Ivanka Trump during a news conference this week.

Participants at this year’s summit will represent four industry sectors — energy and infrastructure, health care and life sciences, financial technology and digital economy, and media and entertainment.

Women in majority

In a first for the event, women will represent 52 percent of the attendees. Ten countries, including Afghanistan and Saudi Arabia, are sending all female delegations.

In advance of the summit, the Indian state of Telangana, where Hyderabad is located, has been working to clean up the city, and there have been reports of beggars being relocated.

“We know that the Indian government is really firmly committed to raising individuals out of poverty and to create economic opportunity for its large and diverse population and we think they are making great progress,” said another U.S. official.
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Guillermo Miranda Vazquez starts his day in a parking lot near the Home Depot where he easily finds work alongside other day laborers who are cleaning up Houston after Hurricane Harvey.

Some days, he clears rotted drywall and hauls out furniture and carpet destroyed by Harvey’s floodwaters. Other days, he chops fallen trees or helps to lay the foundations for new homes. He ventures daily into homes wearing a T-shirt, work pants and tennis shoes, often while surrounded by the pungent stench and raw sewage that flowed into homes during the flooding.

“I always wash and scrub myself, and I use alcohol or something similar so that I don’t get infected,” said Miranda, a native of Guatemala. “I haven’t gotten sick yet.”

Hundreds of day laborers like Miranda have quietly become an integral part of the recovery from Harvey, toiling in dangerous conditions amid the fear of being picked up by immigration authorities.

Harvey damaged or destroyed 200,000 homes and flooded much of Houston and smaller coastal communities with record amounts of rain and high winds. In a construction industry that already had labor shortages before the storm, it created a massive demand for the kind of work that day laborers have long performed after hurricanes and tropical storms.

Day laborers interviewed by The Associated Press said they’ve been hired by a mix of individual homeowners, work crews from out of state, and subcontractors working on residential and commercial buildings. Mostly immigrants, they operate in plain sight, gathering early in the morning in parking lots near construction stores and gas stations, and waiting to be offered work.

Advocates from the National Day Laborer Organizing Network recently fanned out to these sites with pens and clipboards to survey the workers about the conditions they’re experiencing. Interviews suggested most are routinely exposed to mold and contamination, and aren’t aware of legal protections they have even if they’re not in the country legally. Advocates have been passing out flyers with information and holding worker trainings.

About a quarter of the more than 350 workers surveyed said they had been denied wages promised for cleanup work after Harvey, sometimes by employers who abandoned them at work sites after they had completed a job, according to a report on the survey by Nik Theodore, a professor at the University of Illinois at Chicago. Around 85 percent had not received safety training.

More than 70 percent of the day laborers are in the U.S. illegally, some of them having previously been deported, the survey found. Their wages have stayed at around $100 a day, according to the survey, though some individual laborers said they were being paid more after the hurricane.

The problems they face have cropped up after every major recent storm. Day laborers were an integral part of Houston’s rebuilding after Hurricane Ike in 2008 and more recent storms that flooded neighborhoods in 2015 and 2016. After Hurricane Katrina in 2005, one survey found that workers without legal authorization were being paid less and were less likely to have protective equipment than those who were in the country legally.

But while the federal government temporarily suspended some work-authorization laws after Katrina, the Trump administration ramped up immigration-related arrests this year and resumed field operations after Harvey. And Texas this year passed a law that prohibits police departments from stopping their officers from asking people about their legal status or cooperating with federal immigration authorities. Much of the law took effect a month after Harvey hit, when an appeals court overruled a federal judge’s ruling against it.

Martin Mares, a native of Mexico who settled in Houston in 1995, said he’s not worried about police stopping him or turning him over to immigration authorities while in the city, which joined several others in fighting the new law in court. But he said he’s concerned about working in the suburbs or outlying areas, where law enforcement was more supportive of it.

The demand for labor has also drawn in people who are unaccustomed to the work and untrained in basic safety measures, Mares said. He recently saw a pregnant woman cleaning an apartment building that had flooded without wearing gloves.

“People don’t analyze it. They don’t see the consequences,” Mares said. “They go to work without knowing whether the business will even pay them.”

In Houston, which has an estimated 600,000 residents who are in the country illegally, community leaders worry about the impact of immigration policies on worker safety. Even day laborers without legal residency are entitled to federal protections against wage theft and safety hazards.

“These people are scared,” said Stan Marek, who owns a Houston-based construction company and has long pushed for a program to legalize workers. “They’re not going to go to the police if they get robbed. It’s a formula for disaster in our community.”

Sitting on the curb outside the Home Depot recently, Miranda said he has often dealt with employers — or “patrones” — who didn’t pay what they promised, but that he hadn’t reported anyone to the police.

“This is a country where I’m here as an immigrant. I don’t have anything,” Miranda said. “The day they catch me, they’ll deport me.”

 
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