Category: Бізнес
Caution, Cancellations, Protests as Concerns Grow on China’s Belt and Road
16/10/2018
Concerns about debt diplomacy on China’s expansive infrastructure megaproject — the Belt and Road — have become an increasing source of debate from Asia to Africa and the Middle East. In recent weeks, more than $30 billion in projects have been scrapped and other loans and investments are under review. Public opposition is also testing the …
Caution, Cancellations, Protests as Concerns Grow on China’s Belt and Road
16/10/2018
Concerns about debt diplomacy on China’s expansive infrastructure megaproject — the Belt and Road — have become an increasing source of debate from Asia to Africa and the Middle East. In recent weeks, more than $30 billion in projects have been scrapped and other loans and investments are under review. Public opposition is also testing the …
US Budget Deficit Hits Six-Year High
15/10/2018
The U.S. government’s budget deficit hit $779 billion in the fiscal year that ended Sept. 30, while spending increased and tax revenues remained nearly flat, the Treasury said Monday. It was the biggest deficit since 2012, and $113 billion more than the figure a year ago. The 2018 deficit amounted to 3.9 percent of the …
US Budget Deficit Hits Six-Year High
15/10/2018
The U.S. government’s budget deficit hit $779 billion in the fiscal year that ended Sept. 30, while spending increased and tax revenues remained nearly flat, the Treasury said Monday. It was the biggest deficit since 2012, and $113 billion more than the figure a year ago. The 2018 deficit amounted to 3.9 percent of the …
Zimbabwe’s Government Says Worst of its Economic Woes is Over
15/10/2018
Zimbabwe’s government says the country is emerging from a recent economic meltdown that saw shops run out of goods and motorists spend long hours in lines at gas stations. Economists say Zimbabwe’s crisis is not over, as people have no confidence in the currency or in President Emmerson Mnangagwa’s government. For weeks now, there have …
Zimbabwe’s Government Says Worst of its Economic Woes is Over
15/10/2018
Zimbabwe’s government says the country is emerging from a recent economic meltdown that saw shops run out of goods and motorists spend long hours in lines at gas stations. Economists say Zimbabwe’s crisis is not over, as people have no confidence in the currency or in President Emmerson Mnangagwa’s government. For weeks now, there have …
Global Stocks Climb Following Two Days of Sharp Losses
12/10/2018
World stocks are climbing Friday after two days of sharp losses. Major U.S. stock indexes are up more than 1 percent, but they’re still on track for their biggest one-week loss since late March. Technology and internet companies were some of the hardest hit over the last two days and they led the market higher …
Global Stocks Climb Following Two Days of Sharp Losses
12/10/2018
World stocks are climbing Friday after two days of sharp losses. Major U.S. stock indexes are up more than 1 percent, but they’re still on track for their biggest one-week loss since late March. Technology and internet companies were some of the hardest hit over the last two days and they led the market higher …
‘Winter Is Coming’: Indonesia Warns World Finance Leaders Over Trade War
12/10/2018
Just in case any of the global central bankers and finance ministers gathered in Indonesia missed the message delivered repeatedly this week, the host nation said it again Friday: Everyone stands to lose if trade wars are allowed to escalate. Indonesian President Joko Widodo didn’t mention the United States or China, the world’s two largest …
‘Winter Is Coming’: Indonesia Warns World Finance Leaders Over Trade War
12/10/2018
Just in case any of the global central bankers and finance ministers gathered in Indonesia missed the message delivered repeatedly this week, the host nation said it again Friday: Everyone stands to lose if trade wars are allowed to escalate. Indonesian President Joko Widodo didn’t mention the United States or China, the world’s two largest …
Musk Rejects Report on Succession at Tesla
11/10/2018
Elon Musk replied with a tweet saying “This is incorrect” after the Financial Times reported that outgoing Twenty-First Century Fox Inc. Chief Executive James Murdoch was the lead candidate to replace him as Tesla Inc. chairman. Tesla has until Nov. 13 to appoint an independent chairman of the board, part of settlements reached last month between Tesla, Musk and U.S. …
Musk Rejects Report on Succession at Tesla
11/10/2018
Elon Musk replied with a tweet saying “This is incorrect” after the Financial Times reported that outgoing Twenty-First Century Fox Inc. Chief Executive James Murdoch was the lead candidate to replace him as Tesla Inc. chairman. Tesla has until Nov. 13 to appoint an independent chairman of the board, part of settlements reached last month between Tesla, Musk and U.S. …
WHO Cracks Down on Illicit Sale of Tobacco
11/10/2018
Parties to a new global treaty to combat the illicit sale of tobacco products have taken the first steps toward cracking down on this multi-billion dollar trade. At a three-day meeting at the headquarters of the World Health Organization in Geneva they have outlined a plan to shut down the lucrative black market trade in …
WHO Cracks Down on Illicit Sale of Tobacco
11/10/2018
Parties to a new global treaty to combat the illicit sale of tobacco products have taken the first steps toward cracking down on this multi-billion dollar trade. At a three-day meeting at the headquarters of the World Health Organization in Geneva they have outlined a plan to shut down the lucrative black market trade in …
Canada Prepares for Legalized Marijuana
11/10/2018
Mat Beren and his friends used to drive by the vast greenhouses of southern British Columbia and joke about how much weed they could grow there. Years later, it’s no joke. The tomato and pepper plants that once filled some of those greenhouses have been replaced with a new cash crop: marijuana. Beren and other …
Canada Prepares for Legalized Marijuana
11/10/2018
Mat Beren and his friends used to drive by the vast greenhouses of southern British Columbia and joke about how much weed they could grow there. Years later, it’s no joke. The tomato and pepper plants that once filled some of those greenhouses have been replaced with a new cash crop: marijuana. Beren and other …
Dow Drops 800-Plus Points as US Stocks Dip Sharply
10/10/2018
U.S. stocks posted their worst loss since February on Wednesday, the Dow Jones industrial average finishing the day down more than 800 points. The losses were widespread as bond yields remained high after steep increases last week. Companies that have been the biggest winners on the market the last few years, including technology companies and retailers, …
Dow Drops 800-Plus Points as US Stocks Dip Sharply
10/10/2018
U.S. stocks posted their worst loss since February on Wednesday, the Dow Jones industrial average finishing the day down more than 800 points. The losses were widespread as bond yields remained high after steep increases last week. Companies that have been the biggest winners on the market the last few years, including technology companies and retailers, …
US Treasury Issues New Rules on Foreign Investments
10/10/2018
The Treasury Department has issued new rules on foreign investments into American companies that will give the government more power to block foreign transactions on national security grounds. The rules represent the latest escalation in an intensifying economic conflict between the United States and China. It will implement a program for tougher reviews of foreign …
US Treasury Issues New Rules on Foreign Investments
10/10/2018
The Treasury Department has issued new rules on foreign investments into American companies that will give the government more power to block foreign transactions on national security grounds. The rules represent the latest escalation in an intensifying economic conflict between the United States and China. It will implement a program for tougher reviews of foreign …
Zimbabwe’s Dingy Trains Mirror Economic Decline
10/10/2018
Dark, dirty and slow, Zimbabwe’s trains, like much else in the impoverished southern African country, have seen better days. Once the preferred mode of transport for most Zimbabweans, the state-run rail service mirrors the decline in the country’s economic fortunes during the last two decades under the leadership of former President Robert Mugabe. Gilbert Mthinzima …
Zimbabwe’s Dingy Trains Mirror Economic Decline
10/10/2018
Dark, dirty and slow, Zimbabwe’s trains, like much else in the impoverished southern African country, have seen better days. Once the preferred mode of transport for most Zimbabweans, the state-run rail service mirrors the decline in the country’s economic fortunes during the last two decades under the leadership of former President Robert Mugabe. Gilbert Mthinzima …
US Prosecutors: China Corruption Case Grows Stronger
10/10/2018
Last month, Patrick Ho, a former Hong Kong official fighting foreign bribery charges in New York, thought he had finally received a break. In a dramatic move in the high-profile bribery case, prosecutors on Sept. 14 dropped all criminal charges against Cheikh Gadio, a former Senegalese foreign minister they had accused of helping Ho bribe …
US Prosecutors: China Corruption Case Grows Stronger
10/10/2018
Last month, Patrick Ho, a former Hong Kong official fighting foreign bribery charges in New York, thought he had finally received a break. In a dramatic move in the high-profile bribery case, prosecutors on Sept. 14 dropped all criminal charges against Cheikh Gadio, a former Senegalese foreign minister they had accused of helping Ho bribe …
Ireland Boosts Budget Spending as Brexit Looms
10/10/2018
Ireland’s finance minister boosted budget day spending for the second year in a row as the government warned of economic “carnage” if neighboring Britain crashes out of the European Union without a divorce deal. Having already pre-committed 2.6 billion euros ($2.99 billion) on increased public sector and planned infrastructure spending for next year, Paschal Donohoe, …
Ireland Boosts Budget Spending as Brexit Looms
10/10/2018
Ireland’s finance minister boosted budget day spending for the second year in a row as the government warned of economic “carnage” if neighboring Britain crashes out of the European Union without a divorce deal. Having already pre-committed 2.6 billion euros ($2.99 billion) on increased public sector and planned infrastructure spending for next year, Paschal Donohoe, …