The U.S. agency in charge of enforcing labor law on Thursday filed a complaint against electric carmaker Tesla, saying it found merit to workers’ complaints about unfair labor practices. According to the National Labor Relations Board complaint, Tesla violated workers’ rights by requiring them to sign a confidentiality agreement that could bar them from talking […]
Read moreIn a week that’s already seen a slew of healthy economic data releases, housing appears to be a blemish on an overall strong economic backdrop. This week’s revised second quarter gross domestic product figure beat expectations, notching the fastest quarter-over-quarter pace of growth in 2½ years. Private sector job growth also surpassed estimates. Housing performance, […]
Read moreThe United Nations has become unfit for purpose as it insists on attempting to fix the world’s problems as if it were 1945, an influential member of the Saudi royal family told CNBC. “We are still dealing with the world today as it was dealt with in 1945. We have seen the breakdown of the […]
Read morePresident Donald Trump is expected to rescind an Obama administration policy that protects from deportation nearly 800,000 immigrants who as children entered the country illegally, setting the stage for a fight with U.S. business leaders and lawmakers over tough immigration policy. A senior administration official told Reuters on Thursday that the plan could be announced […]
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Mark Zuckerberg calls on Trump to protect ‘dreamers’ from immigration reforms
Facebook CEO Mark Zuckerberg and a host of leading business executives have called on U.S. President Donald Trump to preserve the rights of “dreamers” under an immigration reform program founded by the Obama administration in June 2012. The Deferred Action for Childhood Arrivals program (DACA), a policy that grants leniency to undocumented immigrants brought to […]
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Immigration was a ‘legitimate concern’ in Brexit vote, leading UK economist says
A prominent U.K. economist and former chairman of the country’s financial regulator has split with his contemporaries by declaring that immigration was a “legitimate concern” in the Brexit vote last year, which he believes is now being overlooked in the current negotiations with the EU. “I think that the most fundamental reason why the Brexit […]
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India’s demonetized currency finds its way back into the system – but can we still call it a success?
India’s demonetized currency may have found its way back into the system but analysts suggest that far from tarnishing Prime Minister Narendra Modi‘s image, the strategy will ultimately viewed as a success. “It’s important to remember that the demonetization move was intended more as a political move than as an economic one,” noted New York-based […]
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Drugmaker Indivior slumps 38% as it suffers setback in US patents ruling
Indivior said on Friday it would appeal against a U.S. court ruling that generic drug maker Dr Reddy’s had not infringed its patents, potentially opening the way to a rival to the firm’s Suboxone Film opioid addiction treatment. London-listed Indivior has said it would not be able to rely on patents to prevent Dr. Reddy’s […]
Read moreThe United States has told Russia to close its consulate in San Francisco and buildings in Washington and New York that house trade missions, the State Department said on Thursday, in retaliation for Moscow cutting the U.S. diplomatic presence in Russia. The announcement was the latest in tit-for-tat measures between the two countries that have […]
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Putin says pressure on North Korea is both 'futile' and a 'dead-end road'
Russian President Vladimir Putin urged the U.S. and others to avoid going down a “dead-end road” with North Korea on Friday, adding only dialogue without pre-conditions could resolve the crisis. “Russia believes that the policy of putting pressure on Pyongyang to stop its nuclear missile program is misguided and futile,” Putin said in an article […]
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