Post Tagged with: "Economy"

CNN to lay off 50 to downsize of digital operations

February 13, 2018 2:15 am
CNN to lay off 50 to downsize of digital operations

CNN Money Switzerland editor-in-chief Urs Gredig talks during a press conference at their studios in Zurich on November 29, 2017. (Photo by AFP) CNN is expected to lay off as many as 50 people as part of a downsize of its digital operations despite significant investment in digital productions in recent […]

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US President Donald Trump wants to ‘hand out’ food packages instead of food stamps

2:13 am
US President Donald Trump wants to ‘hand out’ food packages instead of food stamps

SNAP amounts to just over 1/10 of what the US spends on its military and war. US President Donald Trump is proposing a drastic change to the Supplemental Nutrition Assistance Program (SNAP or food stamps) in his 2019 budget where recipients would receive a portion of their benefits in the […]

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US President Donald Trump’s pick for US Federal Reserve enters economic equations

February 3, 2018 12:35 am
US President Donald Trump’s pick for US Federal Reserve enters economic equations

Jerome Powell, then-nominee to be chairman of the Federal Reserve Board of Governors, arrives to testify during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington, DC, November 28, 2017. (Photo by AFP) As Janet Yellen’s tenure as the Chair of the […]

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Iran banks seal deal to get ‘unlimited funds’ from Russia

December 26, 2017 2:30 am
Iran banks seal deal to get ‘unlimited funds’ from Russia

Four Iranian banks have signed an agreement with the Export Insurance Agency of Russia (EXIAR) which enables them to receive “unlimited funds” over development projects in the country. Iran says four of its banks have signed an agreement with the Export Insurance Agency of Russia (EXIAR) to provide “unlimited funds” […]

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Manure at Steven Mnuchin door: Secret Service jumps in over bomb scare

December 24, 2017 7:00 am
Manure at Steven Mnuchin door: Secret Service jumps in over bomb scare

US Treasury Secretary Steven Mnuchin speaks at the Economic Club of New York on November 9, 2017 in New York City. (Photo by AFP) A gift-wrapped box of horse manure has been sent to the house of US Treasury Secretary Steven Mnuchin, sparking a bomb scare and triggering an investigation […]

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Survey says family income of over 70% of Egyptians insufficient for expenses, needs

6:30 am
Survey says family income of over 70% of Egyptians insufficient for expenses, needs

A man sells bread outside the al-Azhar Mosque in Cairo, Egypt, on December 8, 2017. (Photo by AFP) A new survey says the family income of more than 70 percent of Egyptians is inadequate for their necessary expenses and needs. According to a survey conducted by the Egyptian Center for […]

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US bank JPMorgan linked to Malaysia money laundering

December 21, 2017 2:13 am
US bank JPMorgan linked to Malaysia money laundering

This file photo taken on July 13, 2012 shows a New York City Police officer at the entrance to the JP Morgan Chase World Headquarters on Park Avenue in New York. (Photo by AFP) The Swiss division of J.P. Morgan “seriously breached” anti-money laundering rules relating to the Malaysian sovereign […]

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US President Donald Trump to ‘never let bad things happen’ to US economy

December 14, 2017 4:22 am
US President Donald Trump to ‘never let bad things happen’ to US economy

A man begs for money as people pass by during a cold morning in New York on November 10, 2017.  (Photo by AFP) US President Donald Trump says he will “never let bad things happen” to the US economy. “I’m here today to tell you that we will never let […]

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UK admits it no longer among world’s top 5 economies

November 24, 2017 10:00 pm
UK admits it no longer among world’s top 5 economies

British Chancellor Philip Hammond says the country is no longer among the world’s five largest economies.  Britain has openly acknowledged that it is no longer among the world’s five largest economies in what is seen as a result of the country’s controversial decision to pull out from the European Union. […]

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White House links manufacturing declines to abortion, spousal abuse

October 18, 2017 7:00 pm
White House links manufacturing declines to abortion, spousal abuse

A picture from Navarro’s document obtained by the Washington Post Internal White House documents circulated by Peter Navarro, President Donald Trump’s top adviser on trade policy, have alleged without evidence that decreased manufacturing is causing an increase in abortion, spousal abuse, divorce and infertility. The documents were prepared and distributed by Navarro, director […]

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Japan’s SoftBank to merge US mobile carriers Sprint with T-Mobile : report

October 14, 2017 9:00 am
Japan’s SoftBank to merge US mobile carriers Sprint with T-Mobile : report

Japan’s SoftBank has reached a broad accord to merge its US subsidiary Sprint with T-Mobile Japan’s SoftBank has reached a broad accord to merge its US subsidiary Sprint with T-Mobile to create a rival to America’s top two wireless carriers, a newspaper said Saturday. SoftBank and German group Deutsche Telekom, […]

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Britain’s Vauxhall cars to cut 400 jobs: PSA spokesman

October 13, 2017 10:09 pm
Britain’s Vauxhall cars to cut 400 jobs: PSA spokesman

French carmaker PSA announced on March 6, 2017, the acquisition of General Motors’ European subsidiary, which includes the Opel and Vauxhall brands, for 1.9 billion GBP Britain’s Vauxhall cars, which was this summer taken over by French automaker PSA, is planning to cut 400 jobs at one of its factories […]

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Russia to link Iran to global payment systems

9:32 pm
Russia to link Iran to global payment systems

Iran says a cooperation agreement has been signed with a Russian provider of banking technological solutions to connect the country’s financial network with global payment systems.   Iran says a cooperation agreement has been signed with a Russian provider of banking technological solutions to connect the country’s financial network with […]

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Samsung Electronics CEO Kwon Oh-Hyun resigns, even as record profits expected

2:41 pm
Samsung Electronics CEO Kwon Oh-Hyun resigns, even as record profits expected

(FILES) This file photo taken on June 21, 2016 shows Kwon Oh-Hyun, Vice Chairman and CEO of Samsung Electronics, speaking during the “Internet of Things: Transforming the Future” conference at the Washington Post Live Conference Center in Washington. The CEO of Samsung Electronics Kwon Oh-Hyun resigned on October 13, 2017, […]

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Global economy chiefs told to reform while going is good

October 12, 2017 10:08 pm
Global economy chiefs told to reform while going is good

World Bank President Jim Yong Kim speaks at the opening of the annual World Bank-International Monetary Fund meetings in Washington.  Finance chiefs from around the world were warned Thursday to get their houses in order while the global economy is strong and to be ready for possible shocks in the […]

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