China pumps $109bn into economy as trade war bites on growth

Central bank slashes the reserve requirements for banks, freeing extra cash for infrastructure and businesses China has slashed the amount of cash some of its banks must hold in reserve as Beijings leadership seeks to bolster a flagging economy. As higher US interest rates and fears of a trade war…

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‘They treat us like mules’: Nashville construction workers cry for site safety

As a report finds Nashville the most dangerous southern city for construction workers, unions fight for better conditions and pay Nashville is booming. The citys population grew by 11.6% between 2010 and 2016, according to the US Census Bureau. With more than $13bn being invested into new construction in the…

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Turkish lira rallies as Qatar makes $15bn loan pledge

Ankara officials will channel money into Turkeys financial markets and banks Turkeys beleagured currency has bounced back from record lows after Qatar pledged to shore up the banking sectors shaky finances with loans worth $15bn (11.8bn). A week after a diplomatic spat with the US sent the lira into a…

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Putin Aide Proposes $7.5 Billion Tax Hike for Mining, Chemicals Sectors

The top economic adviser to Russian President Vladimir Putin proposed raising taxes on mining companies, including MMC Norilsk Nickel PJSC and Alrosa PJSC, among the largest producers of nickel and diamonds. Additional budget revenues are needed to help pay for Putin’s promises to boost spending after his re-election this spring,…

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Are You Pound-Proof Yet? The Brexit Endgame Is About to Begin

Time is running out to position for a disorderly Brexit. That’s the chorus growing louder among pound traders and strategists, with Morgan Stanley joining the said to be preparing for a failure to secure an accord on future economic ties with the EU, the European Council meeting in October and…

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Trump, Juncker Tout Deal Pulling Back From U.S.-EU Trade War

President Donald Trump and European Commission President Jean-Claude Juncker agreed to suspend new tariffs while negotiating over trade, pulling the U.S. and Europe back from the edge of a transatlantic trade war. The leaders pledged to expand European imports of U.S. liquefied natural gas and soybeans and both vowed to…

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First Marijuana-Based Medicine Is Approved for Sale in U.S.

The first-ever medical treatment derived from a marijuana plant will hit the U.S. market in a few months after regulators on Monday gave the epilepsy treatment the green light. The Food and Drug Administration approved Photographer: Kathy Young/AP Epilepsy patients and doctors have long had interest in marijuana’s therapeutic potential.…

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China Just Handed the World a 111-Million-Ton Trash Problem

Few people consider used plastic to be a valuable global commodity. Yet China has imported 106 million tons of old bags, bottles, wrappers and containers worth $57.6 billion since 1992, the first year it disclosed data. So when the country announced last year that it finally had enough of everybody else's junk, governments the world…

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Researchers Argue Proposed EPA Changes Could Cause 80,000 More Deaths a Decade

Two Harvard social scientists, writing an opinion column in a prominent medical journal, have put forward “an extremely conservative estimate” that some 80,000 more Americans could die each decade if proposed changes at the U.S. Environmental Protection Agency are implemented. The JAMA Forum” feature of the , which allows researchers to offer individual perspectives on health and…

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Starbucks Pumps the Brakes in Its Home Market

Americans' long-running joke about a Starbucks on every corner may be nearing its end. The coffee behemoth is retrenching in its home market as it contends with sales growth that Chief Executive Officer Kevin Johnson acknowledges isn’t fast enough. The cafe chain Source: Company data, Bloomberg Note: Data is for fiscal…

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