Finance

British leader Johnson OKs delayed high speed rail project

Britain’s Conservative government has approved a contentious, expensive plan for a high-speed rail line linking London with central and northern England, despite opposition from environmentalists and some members of the governing party By JILL LAWLESS Associated Press February 11, 2020, 1:14 PM 3 min read LONDON — Britain’s Conservative government on Tuesday approved a contentious, […]

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Dubai’s property developer Damac reports $10M earnings loss

One of Dubai’s largest privately-owned developers, DAMAC Properties, is reporting $10 million in net loss last year By AYA BATRAWY Associated Press February 11, 2020, 8:54 AM 3 min read DUBAI, United Arab Emirates — One of Dubai’s largest privately-owned developers, DAMAC Properties, reported on Tuesday $10 million in net loss in 2019, a year

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U.N. Report Finds North Korea Enhanced Nuclear Programs In 2019, Breaching Sanctions

Feb 10 (Reuters) – North Korea continued to enhance its nuclear and ballistic missile programs last year in breach of United Nations sanctions, according to a confidential U.N. report seen by Reuters on Monday. The country also illicitly imported refined petroleum and exported some $370 million worth of coal with the help of Chinese barges,

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Trump’s $4.8 trillion budget proposal revisits rejected cuts

WASHINGTON — President Donald Trump unveiled a $4.8 trillion election year budget plan on Monday that recycles deep, previously rejected cuts to domestic programs like food stamps, Medicaid, and housing as the recipe for wrestling the federal budget back into balance. Trump’s fiscal 2021 plan promises the government’s deficit will crest above $1 trillion only

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What’s in President Trump’s Fiscal 2021 Budget?

Trade assistance winnowed The proposed budget slashes discretionary funding for the Commerce Department, which monitors the weather, collects economic data, promotes exports, issues patents and other duties, by more than 37 percent, the largest single cut to any agency. More than half of that decrease, though, was a reflection of decreased spending on the 2020

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