Sunday , 20 January 2019

Business News

Here's where things stand two years into Trump's presidency

When President Donald Trump took office on Jan. 20, 2017, he promised to put “America first.” Now, two years later, the country and the world have changed in several ways as the president enters the second half of his term. The federal government is stuck in its longest shutdown in history. The economy has grown steadily despite a escalating trade …

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China set to post slowest growth in 28 years in 2018, more stimulus seen

China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown. Growing signs of weakness in China — which has generated nearly a third of global growth in the …

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Death toll reaches 73 in Mexico fuel pipeline fire horror

They were warned to stay away from the geyser of gasoline gushing from the illegally tapped pipeline in central Mexico, but Gerardo Perez says he and his son joined others in bypassing the soldiers. As they neared the spurting fuel he was overcome with foreboding. Perez recalls telling his son: “Let’s go … this thing is going to explode.” And …

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The world favors immigration and working with other countries, WEF report claims

The world is largely open to immigration and multilateral cooperation, according to a new opinion poll published by the World Economic Forum (WEF). WEF, best known for hosting the annual economic forum in Davos, Switzerland, said a survey of more than 10,000 people from different parts of the world revealed that a clear majority believed that cooperation among nations was …

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US airports rally around unpaid TSA workers with offers of free food, services

As the partial government shutdown slogs on, the Transportation Security Administration says an increasing number of its officers—who aren’t being paid during the furlough – are facing financial difficulties, with some not showing up for work. TSA officers, air traffic controllers and other federal workers who have been showing up for work at airports aren’t getting paychecks. Yet across the …

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Malaysia may drop the 1MDB scandal if Goldman pays $7.5 billion, minister says

Malaysia’s finance minister said on Friday the government would be ready to discuss dropping criminal charges against Goldman Sachs linked to the 1MDB scandal if the bank pays $7.5 billion in reparations. Goldman Sachs is being investigated by Malaysian authorities and the U.S. Department of Justice for its role as underwriter and arranger of three bond sales that raised $6.5 …

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