Author: Biznews

White House Downplays Trump Meeting With Tycoon

A White House meeting between the current U.S. president and a prominent businessman who is seeking to become president of Taiwan is causing concern.  The White House on Thursday sought to downplay any diplomatic or political sensitivities, saying President Donald Trump and Foxconn founder Terry Gou did not discuss support for …

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Trump’s Favored Sanctions Meet Resistance

President Donald Trump is increasingly reliant upon economic sanctions to achieve his foreign policy goals, despite a repeated emphasis that the use of military force remains a viable option.  However, these coercive measures, analysts say, have not produced their intended results, and at times have put the United States at …

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US, China Reportedly Near Deal to End Some Tariffs

The United States and China are nearing a trade deal that would roll back a portion of the $250 billion in U.S. tariffs on Chinese goods, Politico reported on Wednesday after U.S. Treasury Secretary Steven Mnuchin said the two countries completed “productive” talks in Beijing. Mnuchin, along with U.S. Trade …

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US, China Reportedly Near Deal to End Some Tariffs

The United States and China are nearing a trade deal that would roll back a portion of the $250 billion in U.S. tariffs on Chinese goods, Politico reported on Wednesday after U.S. Treasury Secretary Steven Mnuchin said the two countries completed “productive” talks in Beijing. Mnuchin, along with U.S. Trade …

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May Day 2019: Workers Demand Rights, Respect

Higher salaries, better working conditions, maternity leave, minimum wage and an end to discrimination against temporary or foreign workers: These were among the concerns as hundreds of thousands of union members and labor activists rallied around the world to mark May Day. The tradition of May Day marches for workers’ …

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May Day 2019: Workers Demand Rights, Respect

Higher salaries, better working conditions, maternity leave, minimum wage and an end to discrimination against temporary or foreign workers: These were among the concerns as hundreds of thousands of union members and labor activists rallied around the world to mark May Day. The tradition of May Day marches for workers’ …

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Tariffs Take Toll on Farm Equipment Manufacturers

Their iconic blue-colored planters and grain cars are recognizable on many farms across the United States. They are also easily spotted in large displays, some stacked one on top of the other, in front of Kinze’s manufacturing hub along Interstate 80, where, inside buildings sprawling across a campus situated among …

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Tariffs Take Toll on Farm Equipment Manufacturers

Their iconic blue-colored planters and grain cars are recognizable on many farms across the United States. They are also easily spotted in large displays, some stacked one on top of the other, in front of Kinze’s manufacturing hub along Interstate 80, where, inside buildings sprawling across a campus situated among …

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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 …

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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 …

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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 …

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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 …

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