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Kenyan Entrepreneur Turns Invasive Weed Into Profit

An innovator at Kenya’s Lake Victoria has turned an invasion of water hyacinth into a business opportunity, making paper from the weed that he sells in local shops. The initiative is creating jobs and supporting environmental sustainability. Michael Otieno began making paper from water hyacinth ten years ago. The flowering …

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South Africa Credit Downgrade Deepens Political Turmoil

Recent political turmoil in South Africa has come at a cost, with ratings agency S&P Global saying a controversial Cabinet reshuffle and growing pressure on the president to resign have lowered the country’s sovereign credit rating to “junk” status. Economists predict that will result in higher interest rates and higher …

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Iranian Airline to Purchase 30 Boeing Jets

The U.S. plane maker Boeing said Tuesday it agreed to sell 30 of its 737 MAX jets to Iran’s Aseman Airlines, a deal worth $3 billion. The sale marks the second such Boeing deal made possible by the 2015 nuclear agreement signed by former U.S. president Barack Obama to relieve …

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Pros and Cons of Clean Coal

Since the 1990’s the U.S. has steadily abandoned coal and instead turned to natural gas and renewables to run America. But coal is back, thanks to President Trump’s recent repeal of restrictions on the coal industry. Most scientists agree that coal is one of the main sources of air pollution …

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Trump Signs Bill Blocking Online Privacy Regulation

After his press secretary blasted it as an example of rampant government overreach, President Donald Trump signed a bill into law Monday that could eventually allow internet providers to sell information about their customers’ browsing habits.   The bill scraps a Federal Communications Commission online privacy regulation issued in October …

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Japan Business Mood Brightens as Recovery Broadens

Japanese big manufacturers’ business confidence improved for a second straight quarter to hit a one-and-a-half year high in March, a closely watched central bank survey showed, a sign the benefits of an export-driven economic recovery were broadening. Service-sector sentiment improved for the first time in six quarters and companies remained …

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Marathoners Set to Pump $192M Into Boston Economy

Training for the Boston Marathon has left Tommy Race feeling spent. His bank account, too: Race’s Boston adventure will cost about $2,000.   “It’s a lot of money, but it’s also a vacation,” said Race, a high school math teacher from Bellingham, Washington. “For a runner like myself, I’d much …

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Ethical Investing Surges, But It May Not Be That Ethical

Investors are plowing ever more into ethical funds to back their views on issues such as global warming and gender equality, but such investments can be confusingly similar to standard funds, except for higher fees and “green halo” marketing. The $23 trillion “sustainable, responsible and impact” (SRI) investment sector has …

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Trump Turns Up Heat on International Trade

President Donald Trump doubled down on his tough talk on trade with a pair of executive orders Friday, which he says are designed to level the playing field and reduce the $500 billion US trade deficit, more than half of which is with China. As Mil Arcega reports, the issue …

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More US Cities Aim to Make Chinese Travelers Feel at Home

Hotels offer congee and other Chinese staples for room service. Casinos train staff members on Chinese etiquette. Restaurants, tourist sights and shopping malls translate signs, menus and information booklets into Mandarin. The American hospitality industry is stepping up efforts to make Chinese visitors feel more welcome, since they are projected …

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Snapchat Adds More Accessible Search Feature

Snap Inc. said Friday that its Snapchat messaging app would add an option for users to search through photos and videos that users have posted to the public. The move came days after larger rival Facebook Inc. stepped up efforts to encourage users to take more photos and edit them …

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Oculus Co-founder Palmer Luckey Leaves Facebook

Palmer Luckey, the co-founder of Facebook’s Oculus virtual-reality business, is leaving the company. Facebook didn’t give a reason for Luckey’s departure. His last day is Friday. Luckey, who is 24, is leaving Facebook in the heels of controversies. Earlier this year, a federal jury found that Oculus, Luckey and co-founder …

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