Factories Grind to a Halt as Zimbabwe’s Economy Implodes

Gary Green is no stranger to adversity. The burly Zimbabwean has survived a brain tumor and rebuffed the seizure of his machinery business by people who claimed he was a foreigner and demanded he hand over control. Now even Green’s resolve will be tested as an imploding economy, rampant inflation, and Zimbabwe’s crippling shortage of cash and electricity push his […]

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Jennifer Lopez Partners With DSW Owner On Footwear Line

Fresh off her Super Bowl performance, Jennifer Lopez is starting her own line of footwear with Designer Brands Inc., the owner of DSW stores, which is betting on her star power to help boost stagnant sales. Lopez and Designer Brands are forming a joint venture, which represents a step beyond the licensing deals that celebrities are typically involved in. It […]

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Bloomberg Campaign Shuts Down Report He’s Considering Hillary Clinton As Running Mate

Michael Bloomberg’s campaign is downplaying a report claiming the billionaire presidential hopeful is considering former Secretary of State Hillary Clinton as his vice presidential running mate. “We are focused on the primary and the debate, not VP speculation,” Jason Schechter, the campaign’s communications director, said in a statement to Deadline Saturday evening. The statement came in response to a tweet […]

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‘Jagged Little Pill’ Musical In New York Evacuated After Possible Pepper Spray Incident

A matinee performance of “Jagged Little Pill” was halted Saturday in New York City, following reports of a substance being sprayed inside the theatre where the musical was taking place. According to WNBC television, crews from the New York Fire Department responded to the Broadhurst Theatre around 4:15 p.m., after someone released a substance believed to be pepper spray. Authorities […]

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Rishi Sunak must stretch the rules to splash cash in the regions

Treasury officials, already shell-shocked from a change of management, are expected to come under further pressure this week from figures showing wages growth slowing, retail sales flagging and inflation rising. Ahead of a budget that is still scheduled for 11 March, economists at the finance ministry will want to assess the impact this will have on the public finances. The […]

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The Coronavirus’s Effect on Tourism Will Carry Into 2021, Experts Say

Earlier this week, even as infections of the novel coronavirus seemed to be slowing, the effects of the epidemic on the global tourism industry were accelerating rapidly.  The impact of the pneumonia-like disease caused by the virus, called Covid-19, is already being felt across the Asian continent, where leisure and business travel contributed $884 billion to gross domestic product in 2017, the most […]

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Bayer Faces More Weedkiller Pain With $265 Million Dicamba Award

Bayer AG and BASF SE must pay $250 million in punitive damages over damage their dicamba weedkiller did to a Missouri farmer’s peach orchards, in the first case over the herbicide to be decided by a jury. After ruling on Friday that the companies product did $15 million in damage to Bill Bader’s peach farm, jurors in federal court in […]

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‘Black swan’ coronavirus casts its shadow over the global economy

With the coronavirus outbreak spreading far beyond its source in China, companies are braced for a hit on profits as demand slumps and production is disrupted in the world’s second largest economy and beyond. Executives face weeks of uncertainty over how many people will catch the virus worldwide and what the full impact will be. Daniel Zhang, the boss of […]

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The older poor are not so easily convinced to be socialist

Bernie Sanders is on his way to victory in the race for the Democratic party nomination. There are plenty of trip hazards along the route to challenging Donald Trump in November, and Sanders will need to joust with the billionaire Michael Bloomberg after he finally shows up in the Super Tuesday primary on 3 March, when about a third of […]

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Walmart Starts the Year on Down Note

Shares of Walmart Inc. (NYSE: WMT) are down 1.18% to $117.44. It is among the worst-performing Dow Jones industrial stocks. The index itself is higher by 3.01% to 29,398.08. The move in Walmart stock may be a reaction to worries about retail in general. Walmart will suffer due to the coronavirus in China. The country is one of Walmart’s largest […]

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