Finance

FAA chief faces questioning over Boeing 737 Max airliner

With Congress stepping up its investigation into the troubled Boeing 737 Max airliner and how it passed regulatory safety checks, the head of the Federal Aviation Administration will appear before a House aviation panel. Acting FAA head Daniel Elwell is scheduled to testify Wednesday while a Senate committee hears from President Donald Trump’s pick to […]

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China’s factory output, retail sales weaken amid tariff war

China’s factory output and consumer spending weakened in April as a tariff war with Washington intensified. Wednesday’s data prompted suggestions Beijing will need to prop up economic growth with more government spending. Government data showed growth in factory output decelerated to 5.4 percent over a year earlier from March’s 8.5 percent growth. Growth in retail

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Uber Drivers Are Contractors, Not Employees, Labor Board Says

But, citing a federal appeals court decision, the memo also said the “animating principle” used to make the determination of contractor status was whether the worker had an opportunity to profit from the activity in the way an entrepreneur would. “The drivers had significant entrepreneurial opportunity by virtue of their near complete control of their

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George Clooney Misfires Among LGBTQ Activists Over Brunei ‘Warning Shot’ Remarks

KUALA LUMPUR, May 14 (Thomson Reuters Foundation) – Oscar-winning actor George Clooney was criticized by LGBT+ activists on Tuesday after he called a boycott of luxury hotels owned by Brunei a “warning shot” to Indonesia and Malaysia should they consider introducing similar anti-gay laws. Clooney in late March led calls for a boycott of nine

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Why Markets Aren’t Sweating the U.S.-China Trade War Much: The ‘Trump Put’

The real question is not why the stock market is down this week. It is why it is down so little. After all, the world’s two largest economies have seemed to be hurtling toward a major escalation of their trade war. American officials have complained that Chinese negotiators have been playing a bait-and-switch, backing away

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US targets $300B of Chinese goods for new tariff hikes

U.S. officials listed $300 billion more of Chinese goods for possible tariff hikes while Beijing vowed Tuesday to “fight to the finish” in an escalating trade battle that is fueling fears about damage to global economic growth. The U.S. Trade Representative’s Office issued its target list after Beijing announced tariff hikes Monday on $60 billion

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