Friday marked the end of the week, the month and the first fiscal quarter of 2017. The first-quarter statistics were pretty impressive with the NASDAQ Composite delivering the best return of the three main indices of nearly 10 percent as the index broke through another record high on Friday, led …
The White House says it will share financial information about some top staff members on its website late Friday. President Donald Trump, a billionaire New York businessman, has hired some of the wealthiest people to ever serve in government. Their financial assets must be detailed in documents accessible to the …
Boris Kiknadze, chief executive of Pawwwn, took a deep breath as he looked out to the crowd of Silicon Valley venture capitalists and began his pitch. With just 10 minutes to speak, Kiknadze rapidly described his business idea — Pawwwn, an online payment and management system to make transactions easier …
Hundreds of ships are switching off their tracking devices and taking unexplained routes, raising concern the trafficking of arms, migrants and drugs is going undetected. Ninety percent of the world’s trade is carried by sea. Every vessel has an identification number administered by the United Nations’ International Maritime Organization or …
Hundreds of ships are switching off their tracking devices and taking unexplained routes, raising concern that the trafficking of arms, migrants and drugs is going undetected. New technology enables authorities to follow the routes of suspect vessels, but security experts say taking on the smugglers will require greater coordination. Henry …
Zambia is attempting to convert the nation to energy-saving light emitting diode (LED) lightbulbs to help plug crippling power shortages that have hit mining and agriculture and imposed daily rationing on parts of the country. If all homes and industries switch to the longer-lasting bulbs, the country could save up …
A Native American tribe in Montana filed a lawsuit against the Trump administration Wednesday, challenging its decision to lift a moratorium on coal leases on public land without first consulting with tribal leaders. The Northern Cheyenne Tribe, located in southern Montana, said the administration lifted the moratorium without hearing the …
Beijing’s reported economic retaliation against South Korea for deploying the U.S. Terminal High Altitude Area Defense (THAAD) missile system continues to target certain sectors, like imports of Korean cosmetics, canceling K-pop concerts, and a ban on Chinese tour groups to South Korea. At Seoul’s Namsam Tower, smaller than usual crowds …
Workplaces have become less civil spaces than they once were. People don’t say please and thank you. Employees send e-mails and texts during meetings, ignoring the speaker and tuning out of the discussion. Others take too much credit for collaborative work. The nasty looks and belittling comments reached a point …
Britain has formally notified Brussels of its intention to leave the European Union, triggering a two-year period of negotiations over its departure and future relations. London financiers are concerned that Britain’s withdrawal from the European Single Market will put the city’s pre-eminence as the continent’s financial hub at risk. As …
South Korean economic reforms, made in part to minimize the impact of a potential international financial crisis, make it a likely target for charges of unfair currency manipulation by the United States. There is growing concern in South Korea and in other emerging markets that the administration of U.S. President …
Westinghouse Electric Company filed for Chapter 11 bankruptcy protection Wednesday, saying it needed to restructure because of “certain financial and construction challenges” from its nuclear power plant projects. The company has struggled with cost overruns and delays with the plants. Parent company Toshiba warned in February it would need to …
Brazil’s federal police on Tuesday raided a brokerage in Rio de Janeiro which they allege helped launder money for corrupt former executives of state-run oil firm Petrobras, as part of their sprawling “Car Wash” anti-graft probe. Police said they searched the offices of the Advalor Distribuidora de Titulos e Valores …
U.S. consumer confidence, home prices, and the trade deficit all improved, according to economic reports published Tuesday. Consumer confidence hit a 16-year high, as consumers said they were more confident about getting or keeping jobs and the economic outlook in general. The Conference Board said its index jumped more than …
Ford Motor Co. is investing $1.2 billion in three Michigan facilities, including an engine plant where it plans to add 130 jobs. President Donald Trump, who has pressured automakers to invest more and create jobs in the U.S., applauded the move Tuesday in an early morning tweet. “Big announcement by …
Turkish and Gulf airlines are touting free WiFi and better in-flight connectivity for smartphones as they scramble to mitigate the impact of a ban on laptops in plane cabins bound for the United States. The restrictions could deal a blow to fast-growing Gulf airlines, which depend on business-class flyers stopping …
In New York, the Dow Jones Industrial Average fell for the eight consecutive day on Monday. Investors may have been discouraged by the failure of U.S. President Donald Trump to pass big changes to the health care insurance system that he promised during the campaign. U.S. stock indexes were down …
Transnational crime, or crimes committed across international borders, is growing at a faster pace than many realize, partly because the international community is not paying a lot of attention to it. That’s the conclusion from Global Financial Integrity or GFI, a non-profit Washington think tank that tracks illicit financial flows …
The Associated Press used dozens of interviews and multiple public records requests to determine that North Carolina’s “bathroom bill” will cost the state more than $3.76 billion in lost business over a dozen years. This is how the largest elements were compiled and used: PAYPAL A state Commerce …
U.S. economic growth is expected to accelerate this year and next, yet remain modest, even if President Trump’s promised tax cuts and infrastructure spending are implemented, a survey found. The economy will grow a solid 2.3 percent this year and 2.5 percent in 2018, according to 50 economists surveyed by …
Just months ahead of local elections, the Cambodian government has ordered the microfinance industry to cap interest rates on new and refinanced loans at 18 percent a year starting April 1. Unless she refinances, that probably won’t matter to 32-year-old garment worker In Sokai, given that she took out her …
A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday. An earlier draft of the statement said the committee “reports high level of conformity and …
U.S. Treasury Secretary Steven Mnuchin said on Friday he believes financial markets could improve “significantly” once they fully reflect the potential for U.S. economic growth from President Donald Trump’s economic policies. Mnuchin said at an event sponsored by news website Axios that optimism about U.S. growth from policies such as …
The Trump administration will approve the Keystone XL pipeline Friday, senior U.S. officials say, ending years of delay for a project that has served as a flashpoint in the national debate about climate change. The State Department will recommend the pipeline is in U.S. interests, clearing the way for …
A cluster of Black Lives Matter groups and the organization leading the push for a $15-an-hour wage are joining forces to combine the struggle for racial justice with the fight for economic equality, just as the Rev. Martin Luther King Jr. tried to do in the last year of his …
New data show U.S. home sales advanced in February while job layoffs rose slightly last week. Thursday’s Commerce Department report showed home sales rose 6.1 percent to hit a seven-month high in February. If newly-constructed homes sold at last month’s pace for a full year, 592,000 would change hands. That …