Category: Бізнес
US to Proceed With Mexico Trade Pact, Keep Talking to Canada
31/08/2018
U.S. President Donald Trump notified Congress on Friday of his intent to sign a trade agreement with Mexico after talks with Canada broke up earlier in the day with no immediate deal to revamp the tri-nation North American Free Trade Agreement. U.S. Trade Representative Robert Lighthizer said U.S. officials would resume talks with their Canadian counterparts next Wednesday with the aim …
Coca-Cola Hopes for Caffeine Hit as It Buys Costa Coffee Chain
31/08/2018
Coca-Cola is hoping for a caffeine-fueled boost with the acquisition of British coffee chain Costa. Costa is Britain’s biggest coffee company, with over 2,400 coffee shops in the U.K. and another 1,400 in more than 30 countries, including around 460 in China, its second-biggest market. Coca-Cola said Friday it will buy the Costa brand from …
Coca-Cola Hopes for Caffeine Hit as It Buys Costa Coffee Chain
31/08/2018
Coca-Cola is hoping for a caffeine-fueled boost with the acquisition of British coffee chain Costa. Costa is Britain’s biggest coffee company, with over 2,400 coffee shops in the U.K. and another 1,400 in more than 30 countries, including around 460 in China, its second-biggest market. Coca-Cola said Friday it will buy the Costa brand from …
Canada, US Push Toward NAFTA Deal by Friday
31/08/2018
Top NAFTA negotiators from Canada and the United States increased the pace of their negotiations Thursday to resolve final differences to meet a Friday deadline, with their Mexican counterpart on standby to rejoin the talks soon. Despite some contentious issues still on the table, the increasingly positive tone contrasted with U.S. President Donald Trump’s harsh …
Canada, US Push Toward NAFTA Deal by Friday
31/08/2018
Top NAFTA negotiators from Canada and the United States increased the pace of their negotiations Thursday to resolve final differences to meet a Friday deadline, with their Mexican counterpart on standby to rejoin the talks soon. Despite some contentious issues still on the table, the increasingly positive tone contrasted with U.S. President Donald Trump’s harsh …
Microsoft to Contractors: Give New Parents Paid Leave
31/08/2018
Microsoft will begin requiring its contractors to offer their U.S. employees paid leave to care for a new child. It’s common for tech firms to offer generous family leave benefits for their own software engineers and other full-time staff, but paid leave advocates say it’s still rare to require similar benefits for contracted workers such …
Microsoft to Contractors: Give New Parents Paid Leave
31/08/2018
Microsoft will begin requiring its contractors to offer their U.S. employees paid leave to care for a new child. It’s common for tech firms to offer generous family leave benefits for their own software engineers and other full-time staff, but paid leave advocates say it’s still rare to require similar benefits for contracted workers such …
Argentina Boosts Interest Rate to 60%; Peso Sinks
31/08/2018
Argentina’s Central Bank on Thursday increased its benchmark interest rate to 60 percent — the world’s highest — in an effort to halt a sharp slide in the value of the peso, which plunged to a record low. The peso fell more than 13 percent against the dollar, closing at an all-time low of 39.2 …
Argentina Boosts Interest Rate to 60%; Peso Sinks
31/08/2018
Argentina’s Central Bank on Thursday increased its benchmark interest rate to 60 percent — the world’s highest — in an effort to halt a sharp slide in the value of the peso, which plunged to a record low. The peso fell more than 13 percent against the dollar, closing at an all-time low of 39.2 …
Minnesota’s Hmong Farmers Drive Local Food Economy
30/08/2018
Hmong farmers in St. Paul, Minnesota have the best advocate for their business enterprises: themselves, working together. Originally from China, the Hmong are an Asian ethnic group that migrated to Vietnam and Laos in the 18th century. They have never had a country of their own. After the Vietnam War ended, many resettled in the …
Minnesota’s Hmong Farmers Drive Local Food Economy
30/08/2018
Hmong farmers in St. Paul, Minnesota have the best advocate for their business enterprises: themselves, working together. Originally from China, the Hmong are an Asian ethnic group that migrated to Vietnam and Laos in the 18th century. They have never had a country of their own. After the Vietnam War ended, many resettled in the …
Indian Currency Decree Did Little to Root Out ‘Black Money’
30/08/2018
Nearly all of the currency removed from circulation in a surprise 2016 attempt to root out illegal hoards of cash came back into the financial system, India’s reserve bank has announced, indicating the move did little to slow the underground economy. Prime Minister Narendra Modi’s currency decree, which was designed to destroy the value of …
Indian Currency Decree Did Little to Root Out ‘Black Money’
30/08/2018
Nearly all of the currency removed from circulation in a surprise 2016 attempt to root out illegal hoards of cash came back into the financial system, India’s reserve bank has announced, indicating the move did little to slow the underground economy. Prime Minister Narendra Modi’s currency decree, which was designed to destroy the value of …
Trump OKs Tariff Relief for Three Countries
30/08/2018
U.S. President Donald Trump has signed proclamations permitting targeted relief from steel and aluminum quotas from some countries, the U.S. Commerce Department said on Wednesday. Trump, who put in place tariffs on steel and aluminum imports in March, signed proclamations allowing relief from the quotas on steel from South Korea, Brazil and Argentina and on …
Trump OKs Tariff Relief for Three Countries
30/08/2018
U.S. President Donald Trump has signed proclamations permitting targeted relief from steel and aluminum quotas from some countries, the U.S. Commerce Department said on Wednesday. Trump, who put in place tariffs on steel and aluminum imports in March, signed proclamations allowing relief from the quotas on steel from South Korea, Brazil and Argentina and on …
US Economy Grows a Bit Faster Than First Thought
29/08/2018
The U.S. economy expanded at a 4.2 percent annual rate in April, May and June, the Commerce Department said Wednesday. The second-quarter growth figure for gross domestic product was one-tenth of a percentage point higher than initial estimates. “The economy is in good shape,” said PNC Bank Chief Economist Gus Faucher. He wrote that this …
US Economy Grows a Bit Faster Than First Thought
29/08/2018
The U.S. economy expanded at a 4.2 percent annual rate in April, May and June, the Commerce Department said Wednesday. The second-quarter growth figure for gross domestic product was one-tenth of a percentage point higher than initial estimates. “The economy is in good shape,” said PNC Bank Chief Economist Gus Faucher. He wrote that this …
Britain Seeks Ways to Continue Trading with Iran
29/08/2018
British officials have been turning to Japan for tips on how to dodge American sanctions on Iran, according to local media. Britain is already seeking from Washington exemptions from some U.S. sanctions, which are being re-imposed by President Donald Trump because of the U.S. withdrawal earlier this year from a controversial 2015 nuclear deal with …
Britain Seeks Ways to Continue Trading with Iran
29/08/2018
British officials have been turning to Japan for tips on how to dodge American sanctions on Iran, according to local media. Britain is already seeking from Washington exemptions from some U.S. sanctions, which are being re-imposed by President Donald Trump because of the U.S. withdrawal earlier this year from a controversial 2015 nuclear deal with …
US, Canada Holding Trade Talks Following US-Mexico Pact
29/08/2018
Negotiators from Canada and the United States are holding detailed trade negotiations in Washington as they seek to work out a replacement for the North American Free Trade Agreement. The talks come after the United States and Mexico agreed to a bilateral trade deal this week while leaving the door open for Canada to join …
US, Canada Holding Trade Talks Following US-Mexico Pact
29/08/2018
Negotiators from Canada and the United States are holding detailed trade negotiations in Washington as they seek to work out a replacement for the North American Free Trade Agreement. The talks come after the United States and Mexico agreed to a bilateral trade deal this week while leaving the door open for Canada to join …
China Struggles to Curb Its Reliance on US Buyers, Suppliers
29/08/2018
Faced with plunging U.S. orders, surgical glove maker Ren Jiding is hunting for new markets amid Chinese government calls to reduce reliance on the United States. But no other market can absorb the 60 percent of his sales that went to American customers last year. “Other countries import much less than the United States,” said Ren, …
China Struggles to Curb Its Reliance on US Buyers, Suppliers
29/08/2018
Faced with plunging U.S. orders, surgical glove maker Ren Jiding is hunting for new markets amid Chinese government calls to reduce reliance on the United States. But no other market can absorb the 60 percent of his sales that went to American customers last year. “Other countries import much less than the United States,” said Ren, …
After Flood, Tourism in India’s Kerala Left a Muddy Mess
29/08/2018
More than a week after the floodwater began subsiding, animal carcasses are still floating in Kerala’s backwaters, and in places a nauseating stench rises like a wall when the wake from a passing boat breaks the surface. These inland lagoons running parallel to the coast are one of the biggest tourist draws in India’s most …
After Flood, Tourism in India’s Kerala Left a Muddy Mess
29/08/2018
More than a week after the floodwater began subsiding, animal carcasses are still floating in Kerala’s backwaters, and in places a nauseating stench rises like a wall when the wake from a passing boat breaks the surface. These inland lagoons running parallel to the coast are one of the biggest tourist draws in India’s most …
US Congress Skeptical of Trump’s Mexico Trade Deal
29/08/2018
President Donald Trump’s trade deal with Mexico could struggle to win approval from Congress unless Canada comes on board, lawmakers from both parties said on Tuesday, saying support from Democrats would be needed to pass a purely bilateral deal. Trump unveiled the Mexico deal on Monday and threatened to slap tariffs on Canadian-made cars if …