Category: Extra News

WTO Chief Sees No Sign of US Departure

There is no sign that the United States is distancing itself from the World Trade Organization, and negotiations are underway to avert a global trade war, WTO Director-General Roberto Azevedo said in a BBC interview broadcast Wednesday. U.S. President Donald Trump has launched a series of tariff-raising moves, upsetting allies …

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Trump Gets First Trade Deal as US, Korea Revise Agreement

U.S. President Donald Trump, who campaigned against economic agreements he considered unfair to America has his first trade deal. The United States and South Korea have agreed to revise their sweeping six-year-old trade pact which was completed during the administration of Trump’s predecessor, Barack Obama. The agreement “will significantly strengthen …

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Trump Gets First Trade Deal as US, Korea Revise Agreement

U.S. President Donald Trump, who campaigned against economic agreements he considered unfair to America has his first trade deal. The United States and South Korea have agreed to revise their sweeping six-year-old trade pact which was completed during the administration of Trump’s predecessor, Barack Obama. The agreement “will significantly strengthen …

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Fishing Crackdown Nets Benefits for Indonesia

Indonesia’s strict crackdown on illegal foreign fishing boats is paying off, according to new research. Kicking out interlopers has relieved pressure on the country’s overtaxed fisheries at no cost to its domestic industry, the study says, and may point the way for other countries to make their fisheries more sustainable. …

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Fishing Crackdown Nets Benefits for Indonesia

Indonesia’s strict crackdown on illegal foreign fishing boats is paying off, according to new research. Kicking out interlopers has relieved pressure on the country’s overtaxed fisheries at no cost to its domestic industry, the study says, and may point the way for other countries to make their fisheries more sustainable. …

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US Gunmaker Remington Files for Bankruptcy

U.S. firearms and ammunition manufacturer Remington has filed for bankruptcy protection in order to reorganize its operations and put in place a debt reduction deal with its creditors. The company filed its petition for the so-called Chapter 11 bankruptcy Sunday, six weeks after announcing an agreement to reduce its $950 …

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US Gunmaker Remington Files for Bankruptcy

U.S. firearms and ammunition manufacturer Remington has filed for bankruptcy protection in order to reorganize its operations and put in place a debt reduction deal with its creditors. The company filed its petition for the so-called Chapter 11 bankruptcy Sunday, six weeks after announcing an agreement to reduce its $950 …

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Swelling Tourism Numbers Come at a Cost in Indonesia

Tourist numbers in Indonesia swelled last year on the back of overseas advertising and infrastructure development. President Joko Widodo has said he wants to “create 10 tourist destinations like the island of Bali.” But the pleasing economic numbers also come with a social and environmental cost as rampant development threatens …

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Swelling Tourism Numbers Come at a Cost in Indonesia

Tourist numbers in Indonesia swelled last year on the back of overseas advertising and infrastructure development. President Joko Widodo has said he wants to “create 10 tourist destinations like the island of Bali.” But the pleasing economic numbers also come with a social and environmental cost as rampant development threatens …

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China Warns US It Will Defend Own Trade Interests

The United States has flouted trade rules with an inquiry into intellectual property and China will defend its interests, Vice Premier Liu He told U.S. Treasury Secretary Steven Mnuchin in a telephone call on Saturday, Chinese state media reported. The call between Mnuchin and Liu, a confidante of President Xi …

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Wayne Huizenga, Who Built Fortune in Trash, Dies at 80

H. Wayne Huizenga, a college dropout who built a business empire that included Blockbuster Entertainment, AutoNation and three professional sports franchises, has died. He was 80. Huizenga died Thursday night at his home, said Valerie Hinkell, a longtime assistant. The cause was cancer, said Bob Henninger, executive vice president of …

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US Core Capital Goods Orders, Shipments Jump in February

New orders for key U.S.-made capital goods rebounded more than expected in February after two straight monthly declines and shipments surged, which could temper expectations of a sharp slowdown in business spending on equipment in the first quarter. The Commerce Department’s report on Friday could prompt economists to raise their …

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US Core Capital Goods Orders, Shipments Jump in February

New orders for key U.S.-made capital goods rebounded more than expected in February after two straight monthly declines and shipments surged, which could temper expectations of a sharp slowdown in business spending on equipment in the first quarter. The Commerce Department’s report on Friday could prompt economists to raise their …

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