Economy

There is a future legal battle coming down the road on the Johnson Amendment , but the actual Trump executive turned out not to live up to the White House hype. The amendment, named for then-Sen. Lyndon Johnson, with no real debate, had inserted language into a tax law that would bar nonprofits from speaking in a political manner.
  • Vodacom said to buy R34.6 billion Safaricom stake

    Vodacom said to buy R34.6 billion Safaricom stake

    Economy

    Vodafone has shaken-up its African operations by transferring a €2.4bn (£2.0bn) stake in Kenyan firm Safaricom to Vodacom. Vodacom Group Ltd. agreed to buy a 35 percent shareholding in Safaricom Ltd. Data revenue grew 19.7 percent to ZAR 20.69 billion, comprising 39.7 percent of service revenue. It is the most popular mobile network in Kenya, with the largest subscriber platform and its M-Pesa platform.
  • North Korea: New long-range missile can carry heavy nuke

    Economy

    In South Korea , President Moon Jae-in ordered an urgent meeting of top security officials during which he condemned the missile launch as "a clear violation of United Nations Security Council resolutions" and ordered his military to be prepared for provocations by the North.
  • Belt and Road Forum for International Cooperation opens in Beijing

    Economy

    Proposed by Xi in 2013, the Belt and Road Initiative is a grand plan to connect Asia with Europe and Africa along, and beyond, ancient trade routes by putting in place an unparalleled trade and infrastructure network. Referring to the statement issued by the Ministry of External Affairs on March 13, a day before the two-day Belt and Road summit, it said India also cited the potential debt burden as one of its other concerns, saying that, "connectivity initiatives must follow the principles ...
  • Phillies rally to late 4-3 win over Nationals

    Economy

    Altherr has been a revelation for Philly , batting.350 with a.493 wOBA, 1.197 OPS, and.400 ISO in 94 plate appearances this season. After briefly climbing to his feet before returning to the ground, he was still grimacing several minutes later while being examined by a Nationals medical staff member.
  • Coach Goes for Growth with Acquisition of Kate Spade

    Economy

    The $18.50 per share takeover price represents a 9% premium over KATE's Friday closing price of $16.97, and a 27.5% premium to its last unaffected closing price way back on December 27, 2016. Coach chief executive Victor Luis said the acquisition would boost the firm's prospects with millennials. Kate Spade's handbags have been a hit with millennials due to their subtle logos and their quirky and colorful designs, including bags shaped like cats and cars.
  • US, China agree to first trade steps under 100-day plan

    US, China agree to first trade steps under 100-day plan

    Economy

    In a joint statement with McClaskey, Gov. Sam Brownback complimented the Trump Administration for re-opening the beef trade . -China trade agreement. He's argued that America's perennial trade gaps have cost millions of factory jobs and he has pledged to take a tougher stance in trade negotiations to lower the imbalances.
  • Sinclair Broadcasting Offers Nearly $4 Billion To Buy Tribune Media

    Sinclair Broadcasting Offers Nearly $4 Billion To Buy Tribune Media

    Economy

    The deal will cost Sinclair about $3.9 billion. KIAH-TV in Houston is a Tribune station. As for Sinclair, they gave it all a positive spin by pushing the news through the ever-reliable media-speak word-salad generator. Sinclair Broadcast Group will acquire 100 percent of Tribune Media Company for $3.9 billion, plus the assumption of $2.7 billion in net debt, according to a press release from Tribune.
  • Oil prices rise in expectation of Aramco supply cut to Asia

    Oil prices rise in expectation of Aramco supply cut to Asia

    Economy

    The oil nations decided late past year on an output cut of 1.8 million barrels per day (bpd) to reduce global oil inventories. US light crude oil was $1.28, or 2.8% higher at $47.16 USA a barrel. The cartel raised its estimate of total oil supply growth from non-OPEC producers this year to 950,000 bpd from a previous forecast of 580,000 bpd.
  • Steven Mnuchin at G7: 'We don't want to be protectionist'

    Economy

    Treasury Secretary Steven Mnuchin said his meetings with world finance leaders have helped ease their concerns that the United States is moving to hard-edged protectionist trade policies. A confrontation over the language in the G20 communique of 2016 to "avoid protectionism in all its forms" led to an embarrassing step-down for hosts Germany.