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Even As Uncertainty Weighs, World Trade Seen Growing 2.4 Percent In 2017: WTO

The World Trade Organization (WTO) said on Wednesday that though there is "deep uncertainty" about economic and policy developments, particularly in the United States, world trade is on track to expand by 2.4 percent this year.   While making a general appeal to resist protectionism, more...

Global Glut Forces Framers Across The Globe To Pile Grain In Runways, Parking Lots And Fields

Farmers in Iowa, US are stuffing storage bins with corns and risking potential crop damage from the elements than pay the exorbitant cost of storage elsewhere as well as selling the crops because prices have hit the rock bottom.   Years of bumper crops and low prices have overwhelmed storage...

As IT 'Cowboys' Ride Into Sunset, Banks Scramble To Fix Old Systems

75 year old Bill Hinshaw is a member of a dwindling community of IT veterans who specialize in a vintage programming language called COBOL and he first got into computer programming in the 1960s when computers took up entire rooms and programmers used punch cards.   Newer, more versatile...

Shale Makes It Even Harder To Predict Whether There Will Be Oil Surplus Or Scarcity

Traditional supply dynamics have been upended and forecasts have been made far more polarized by the shale oil boom which has transformed the U.S. and global energy sector.   Warnings that huge spending cuts caused by a plunge in oil prices since 2014 would lead to a supply crunch in the...

U.S. Chicken Industry Deploys Wet Wipes, Oregano, As KFC Shuns Some Antibioticsv

Top U.S. chicken company Tyson Foods Inc and rival producers are turning to sanitizing wipes, bacteria-reducing fog and even oregano to keep birds healthy to meet increasing demand for meat raised without certain antibiotics.   In a part of a fight against the rise of dangerous...

Global Growth New Hope for Investors for Earnings

As S&P 500 companies are set to report their first quarter of double-digit profit gains since 2014, U.S. investors are looking overseas for stronger earnings even though America First may be a main policy of the White House and fuel to the stock market rally.   With the S&P 500...

$150 Million Artificial Intelligence Institute Backed By Canadian Government And Businesses Groups

With the intention to fund an artificial intelligence institute at the University of Toronto, about C$200 million ($150 million) is being arranged for by the Canadian and Ontario governments who have teamed up with a group of businesses, project organizers said.   With the significant...

Albeit With Staggered Brexit Shift, London Banks Try To Calm Staff Nerves

As London based banks work out how many jobs will have to move to continental Europe as Britain exits the European Union, they are treading carefully, enacting two-stage contingency plans, to avoid losing nervous London-based staff.   Launching two years of negotiations that will shape the...

UK PM May Urged To Drop Threat Of No Brexit Deal By U Manufacturers

Claiming that they would bear the brunt of trade barriers with the EU, U.K.’s Prime Minister Theresa May on Monday was requested to drop her threat that she might take the country out of the European Union without a new trade deal by Britain's manufacturers.   May was already has warned the...

Extension Oil-Output Cut By Six Months Being Looked Into By OPEC And Non-OPEC Countries

A decision to review whether a global pact to limit supplies should be extended by six months was announced by a joint committee of ministers from OPEC and non-OPEC oil producers, the cartel said in a statement.   The committee "reports high level of conformity and recommends six-month...

Data Suggests, A Boon For Americans Travelling Abroad Is Global Turmoil

Costs for U.S. travelers seeking the best international deals may have been helped by the global uncertainty and the effects of President Donald Trump immigration policy which may be suppressing bookings from abroad.   With flights from the seven countries listed in the president's...

Business Activity Hits Its Highest Level Since April 2011, Shows Euro Zone PMI Data

According to survey data released on Friday, there was cause to rejoice for Europe’s industry as the euro zone businesses grew during March at their fastest pace since April 2011.   Ahead of both February's reading of 56.0 and median consensus expectations of 55.8, the euro zone March flash...
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