New Jersey raises minimum wage to $15 an hour
It was a great day for the workforce in New Jersey on Monday when Democratic Gov. Phil Murphy signed a bill alongside Lt. Gov. Sheila Oliver and Democratic legislative leaders…
Economy
Russian plane alleged shipping out gold, oil from Venezuela
Is it a last-minute loot? A Russian plane landed in Venezuelan capital Caracas earlier this week and many are suspecting gold and oil are being shipped out of the country.…
US imposes sanctions on Venezuelan oil company
Sanctions have started and the future seems challenging to Venezuela. The pressure is on President Nicolas Maduro to cede power and consider opposition leader Juan Guaido as the legitimate head…
Germany to shut coal power plants to comply climate change commitments
Germany will be closing all its 84 coal-fired power plants over the period of next nineteen years to comply with international commitments on climate change. Being the largest country in…
Wealth tax proposal to get momentum during 2020 presidential election
If the proposal is successfully passed through the House any time in future, the richest Americans would be burdened with wealth tax. Sen. Elizabeth Warren, D-Mass., is seeking for such…
Venezuela inflation to reach 10m percent in 2019: IMF
Even though Venezuela was not at war like what is happening in Syria and several countries in Middle East and Africa, its economy in recent months shrank by about 50…
Tax returns will be processed on time: IRS
Despite the ongoing partial government shutdown taxpayers will get their refunds without any delay, said Trump administration official. According to White House budget office acting director Russell Vought the refund…
US, China should understand from trade war both prosper, fail together
The trade war of president Trump with China has spread faster and farther than what the world had expected. Orders graph were found running southward graph for factories in both…
Mexico raises minimum wage in municipalities bordering US
Mexican president Andres Manuel Lopez Obrador has come up with a luring plan to stimulate economic activity in several municipalities adjacent to the US border that has been regularly threatened…
Why China’s economic growth slowing; How Trump should deal
The exact reason for the slow economic growth of China is not clearly known. The official statistics of Beijing is not perfectly reliable amid the announcement of Apple last Wednesday…
Trade war impacted US more than China: HSBC
People in United States have felt more pain than the Chinese counterparts from president Trump’s trade war, if believed to a latest statement from HSBC. According to analysts Janet Henry…
President freezes federal employees pay in 2019 through executive order
Late Friday president Donald Trump issued an executive order to freeze pay of about 1.5 million federal workers in 2019. Earlier in August he indicated of doing so as federal…
Japan to resume commercial whaling
Japan has withdrawn itself from International Whaling Commission (IWC) and it is sad as well as worrying. The country, without any doubt, will resume commercial whaling. This may not come…
US announces investment for Mexico to strengthen regional economy
This is the perfect time for newly elected Mexican president Andres Manuel Lopez Obrador for its people as United States has announced a regional investment plan for Mexico and Central…
Canada never been so alone; Caught between US and China
Initially Canada received trade attack by President Trump and later the country was punished by Saudi Arabia for speaking up for human rights. Lately the attack has come from China…
“White people, your time is up.” South Africa grabs White farmers land
Land reform is an important step for any government which believes minimizing the gap between rich and poor paves way to a better and futuristic economy, but a similar effort…
