Your Daily Scan of the New Global Economy

United States

Intel United States

  • Are you interested in biotechnology news ?

    Read the latest on pharma/biotech news, Clinical Trial Results, FDA Calendar, Top Gainers, Recalls, Food Alert and more on RTTNews Biotechnology.

    Posted:

  • Boeing 737 MAX Update: Planemaker Close To Securing $10 Billion Loan

    Boeing reportedly is close to securing a $10 billion loan to bolster its finances in the wake of two fatal 737 MAX crashes that killed 346 people and led to the plane’s grounding.
    Word of the loan Monday coincided with revelations a 2009 Boeing crash in Netherlands bore some of the same hallmarks of the two more recent incidents.

    Posted:

  • Boeing seeks to borrow $10 billion or more amid 737 MAX crisis: source

    Boeing seeks to borrow $10 billion or more amid 737 MAX crisis: sourceBoeing Co is in talks with banks about borrowing $10 billion or more amid rising costs for the U.S. planemaker after two crashes involving its 737 MAX jetliner, a source told Reuters on Monday. CNBC first reported the news on Monday, citing sources that Boeing has so far secured at least $6 billion from banks and is talking to other lenders for more contributions. A source confirmed the talks to Reuters, but it was still not clear how much Boeing would seek to raise and whether it would pursue the selling of new bonds.

    Posted:

  • Breaking Down Harry And Meghan's Bid For 'Financial Independence'

    Following their newly-forged agreement with Queen Elizabeth II, Prince Harry and Meghan hope their departure from the royal family will give them “financial independence”.
    The couple are giving up their taxpayer-funded income, maintaining some other revenue streams, while leaving several questions about their finances unanswered.

    Harry and Meghan earned a small share of the Sovereign Grant, paid annually to Queen Elizabeth II to cover her and family members’ official duties, as well as the upkeep of royal palaces.

    Posted:

  • Canada Court Starts Extradition Hearing Of China Huawei Exec

    The Chinese telecommunications executive whose arrest in Vancouver badly strained Canada-China relations went to court on Monday to fight extradition to the United States.
    Meng Wanzhou, the chief financial officer of tech giant Huawei and eldest daughter of its founder Ren Zhengfei, is wanted by US authorities for alleged fraud.

    Posted:

  • Huawei CFO arrives in Canada as US extradition trial heats up

    “It is completely a serious political incident,” said a ministry spokesman, Geng Shuang. He urged Canada to “correct mistakes with concrete actions, release Ms. Meng Wanzhou and let her return safely as soon as possible.”

    Posted:

  • Pompeo Urges End To 'Tyranny' Of Venezuela's Maduro

    US Secretary of State Mike Pompeo called on Monday for cooperation in the struggle to remove Venezuelan President Nicolas Maduro from office amid a long-running crisis in the South American country.
    The appeal came as Pompeo met with Venezuelan opposition leader Juan Guaido for strategy talks.
    “We must put an end to Maduro’s tyranny which harms Venezuela’s citizens and has an impact on the entire region,” Pompeo said after meeting with Colombian President Ivan Duque in Bogota.

    Posted:

  • Tesla says no unintended acceleration in its vehicles

    Tesla Inc said on Monday there is no unintended acceleration in its vehicles, responding to a petition to the National Highway Traffic Safety Administration to recall 500,000 of the electric company’s cars over the alleged safety breach.

    Posted:

  • The Democrats’ Child-Care Chicanery

    The Democrats’ Child-Care ChicaneryFor all the dishonesty on display in the Democratic primary, the candidates have been forthright about their desire to have government functionaries raise your children. The candidates’ various “universal child-care” schemes are transparent attempts to farm out child-care responsibilities away from mothers and fathers to federally funded service workers.The model of domestic life that such policies would encourage is quite unpopular. Nearly 60 percent of Americans — and a majority of both registered Republicans and registered Democrats — believe that children are better off with one parent at home than they would be in a day-care arrangement. The social-science literature tends to offer qualified support for that view. Beyond the practical effects of day-care on children, many parents — even those already in the workforce — would prefer to be home with their children if they could afford to be. According to a 2015 Gallup poll, for instance, 56 percent of women and 26 percent of men with children under the age of 18 said they would rather remain at home than enter the workforce, if given the choice.But many progressive activists have long favored policies that would incentivize parents to remain in the workforce while the federal government subsidizes care for their children. Some have called for a “universal child-care” scheme as a means of increasing female participation in the work force and bolstering economic growth. Jordan Weissmann in Slate mentioned both as reasons to oppose more agnostic child-subsidy plans, which would allow families to choose whether to use the subsidies on day-care services or to offset the costs of raising the child at home. “One of the better arguments,” Weissmann wrote, “for providing child-care services — as opposed to straight cash payments to parents, as some policy wonks have proposed — is that encouraging women to stay in the workforce will create future economic gains.”While the burden imposed by child-care services on families’ wallets is real, the solutions offered by progressives always seem to involve using federal dollars as an incentive to bring more women into the workforce — women who might otherwise be satisfied to remain at home and raise their children themselves.During last week’s Democratic debate, the candidates proffered plans to fund pre-schools and day-care services with federal dollars, the ostensible aim of which was to allow parents to remain in the workforce after having kids. Elizabeth Warren — who once wrote a book that heralded the role of the “stay-at-home mother” as “the family’s ultimate insurance against unemployment or disability” — lamented “how many women of my generation just got knocked off the track and never got back on, how many of my daughter’s generation get knocked off the track and don’t get back on, how many mamas and daddies today are getting knocked off the track and never get back on.”The reason why the anonymous “mamas and daddies” to whom Warren refers got “knocked off the track” of corporate life should not be mysterious. They had a baby, and, in many cases, one of the two parents wanted to remain home with the child. That it knocked some mothers off of the corporate “track” is in many cases irrelevant to the well-being of both the children and the mothers.Pete Buttigieg was similarly frank as he explained his rationale for supporting a universal child-care policy. “I meet professionals,” he said, “who sometimes say that they’re working in order to be able to afford childcare in order to be able to be working.” Rather than ask these parents the obvious question — why they bothered having a child in the first place if they have no desire to raise it — Buttigieg decries the supposed unfairness of this arrangement:> It makes no sense, and it must change, and we shouldn’t be afraid to put federal dollars into making that a reality. Subsidizing childcare and making sure that we are building up a workforce of people who are paid at a decent level to offer early childhood education, as well as childcare writ large. We can do that. And until we do, this will be one of the biggest drivers of the gender pay gap. Because when somebody like the voter asking the question has to step out of the workforce because of that reason, she is at a disadvantage when she comes back in, and that can affect her pay for the rest of her career.There was plenty of talk from Buttigieg and others about the “pay gap,” the imposition that children make on a woman’s career, and the various disadvantages that attend to leaving the corporate world to raise a child. The welfare of the actual child was hardly mentioned.To the candidates and the progressive movement more broadly, the child is a functional obstacle to be overcome. If they were concerned solely about the costs of child care, there are plenty of subsidy schemes and tax credits that Democrats could support to ease the burdens on families. But it’s hard not to notice that every proposal they’ve raised would encourage more two-income households, more day-care centers, and more government involvement in child-rearing. One might be forgiven for thinking that a political party that advocates on-demand abortion has something other than the welfare of American children in mind.

    Posted:

  • Trump to meet EU chief, Iraqi president in Davos

    Trump to meet EU chief, Iraqi president in DavosUS President Donald Trump will meet his Iraqi counterpart and the head of the European Union executive body during his visit to Davos in Switzerland this week, the White House said Monday. The meeting with President Barham Saleh will be the first between Trump and Iraqi officials since tensions erupted over the US killing of a top Iranian general and a senior pro-Iranian Iraqi commander in Baghdad. After calls in Iraq for the expulsion of thousands of US troops stationed there, Trump responded by threatening sanctions aimed at wrecking the country’s economy.

    Posted:

  • U.S. Stocks Extend Run To Record Highs With Moderate Advance

    Stocks fluctuated over the course of the trading day on Friday but largely maintained a positive bias throughout the session. With the upward move on the day, the major averages once again reached new record closing highs.

    Posted:

  • U.S. Stocks Inch Up To New Record Intraday Highs

    Stocks have moved modestly higher in morning trading on Friday, extending the rally seen over the course of the previous session. With the uptick on the day, the major averages have once again reached new record intraday highs.

    Posted:

  • War Crimes, Not Genocide Committed Against Rohingya: Myanmar Probe

    A Myanmar-appointed panel concluded Monday that some soldiers likely committed war crimes against its Rohingya Muslim community but the military was not guilty of genocide, findings swiftly condemned by rights groups.
    The “Independent Commission Of Enquiry (ICOE)” released the results of its probe just ahead of a ruling Thursday by the UN’s top court on whether to impose urgent measures to stop alleged ongoing genocide in Myanmar.

    Posted:

  • Western Midstream Announces Fourth-Quarter 2019 Distribution And Earnings Conference Call

    Western Midstream Announces Fourth-Quarter 2019 Distribution And Earnings Conference CallToday Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced that the board of directors of its general partner declared a quarterly cash distribution of $0.622 per unit for the fourth-quarter of 2019, resulting in a full-year 2019 distribution increase of 5-percent over the full-year 2018. This distribution represents WES’s 28th consecutive quarterly distribution increase. WES’s fourth-quarter 2019 distribution is payable February 13, 2020, to unitholders of record at the close of business January 31, 2020.

    Posted:

We are using cookies to give you the best experience. You can find out more about which cookies we are using or switch them off in privacy settings.
AcceptPrivacy Settings

GDPR

  • By using this site, you agree to our Terms of Service and Privacy Policy

By using this site, you agree to our Terms of Service and Privacy Policy

Please read our Privacy Policy and our Terms of Service before Accepting agreement.