ABU DHABI (Reuters) – When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so. But Saudi Arabia did not receive advance warning when Trump made a U-turn by offering generous waivers that are keeping more […]
A North Galway farmer, who employed a Brazilian national to work on his land 16 hours a day, failed to pay the 47-year-old man, Tuam District Court was told this week. The Brazilian worked on the farm for three months and during this time, he lived in squalor inside a steel container where there were […]
Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________ Polluted Beijing is an apt place to consider how international asset managers can incorporate concerns about the environment into their investment choices. But China’s domestic share owners simply expect returns. Meanwhile, reliable information on environmental, […]
Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________ Goldman Sachs, facing one of the most significant scandals in its history, has turned to a well-worn defense: the rogue employee narrative. But the Wall Street firm seems unlikely to be able to slough off […]
WASHINGTON (Reuters) – U.S. retail sales rebounded sharply in October as purchases of motor vehicles and building materials surged, likely driven by recovery efforts in areas devastated by Hurricane Florence. The report on Thursday from the Commerce Department also showed broad gains in sales ahead of the holiday shopping season, which bodes well for consumer […]
WASHINGTON (Reuters) – The number of Americans filing applications for jobless aid unexpectedly rose last week, but claims for three big states were estimated because of Monday’s Veterans Day holiday, which could have influenced the data. Initial claims for state unemployment benefits increased 2,000 to a seasonally adjusted 216,000 for the week ended Nov. 10, […]
PUTIAN, China — Chen Deliang, wearing an orange tunic, a gold watch and fluffy bedroom slippers decorated with snowflakes and the word “Love,” stood proudly in the 130,000-square-foot temple he had built. He had filled it with pagodas, Buddhas and a towering statue of a local goddess. There were several wings, with bedrooms and an […]
LONDON (Reuters) – The dollar jumped and traders bought into the safe-haven yen on Thursday after Britain’s Brexit deal with the European Union was plunged into uncertainty, spooking investors across currency markets. The resignation of a series of British ministers in opposition to the newly-agreed Brexit withdrawal deal sent sterling plummeting more than one percent […]
European Union leaders will meet on November 25 to finalise terms for Britain’s departure from the European Union, it has been confirmed. Speaking alongside EU chief negotiator Michel Barnier at a press conference in Brussels, European Council President Donald Tusk said Brexit was a “lose-lose situation” for the UK and EU and sent a message […]
The EU and the British governments are edging closer to something – but what? It is either a complex withdrawal agreement on Brexit or a cliff-edge exit for the UK. It could still all go wrong at any moment or fall at the hurdle of a majority in the House of Commons. For many Irish […]