24.4 C
Makati City
Monday, February 20, 2017
By Michael Forsythe  | New York Times News Service HONG KONG—For the 23rd year running, Hong Kong is, in the opinion of the conservative Heritage Foundation, the freest economy in the world. With low taxes, an efficient government and private businesses running the city buses and its spotless subways, this...
Best-connected. On any given weekend, you might catch President Donald J. Trump’s son-in-law and top Mideast dealmaker, Jared Kushner, by the beachside soft-serve ice-cream machine, or his reclusive chief strategist, Stephen Bannon, on the dining patio. If you are lucky, the president himself could stop by your table for...
TALK about an odd couple. Kraft Heinz acknowledged on Friday that it had made a $143-billion bid for Unilever, but the two companies’ corporate cultures could not be more diametrically opposed: Unilever, the Anglo-Dutch maker of Dove Soap and Lipton tea, has spent the last seven years working to reduce...
ATHENS, Greece—During seven years of a grinding economic crisis, Dimitri Tsamopoulos has lost at least half the clients from his once bustling tax consultancy. But in the past few months, business has jumped, not because the Greek economy is finally recovering but because it is falling even deeper into...
PHILADELPHIA—The heart of Philadelphia’s Italian Market was uncommonly quiet. Fine restaurants in New York, San Francisco and the nation’s capital closed for the day. Grocery stores, food trucks, coffee shops, diners and taco joints in places like Chicago, Los Angeles and Boston shut down. Immigrants around the US stayed home...
By Paul Wiseman / The Associated Press WASHINGTON—Donald J. Trump is moving quickly to dismantle seven decades of American policy built on trade deals and multinational alliances that help fuel the US and global  economies. And no one is sure what will replace them. The void risks intensifying uncertainty at home and...
An Asian trade pact in focus after President Donald J. Trump pulled out of a rival deal has struck trouble over an issue that’s tripped up politicians from Europe to the US borders. The free movement of people, something India wants for highly skilled information technology workers, remains a major...
Funds are returning to Asia after the knee-jerk withdrawal following Donald J. Trump’s election as US president, and declining volatility means debt in India, Indonesia and South Korea are attractive, money managers said. BlackRock Inc., Aberdeen Asset Management Plc. and Aviva Investors share their views on picks in Asia, the...
For days, news reports have noted the presence of a Russian naval ship lurking in international waters off the East Coast of the United States. For some critics of President Donald J. Trump, the vessel has become a symbol of the administration’s ties with Russia. Trump himself referred to the...
President Donald J. Trump told executives at major retail chains that he would swiftly submit a tax-overhaul plan to stimulate the economy. Trump called rewriting the tax code “one of the best opportunities to really impact our economy” during a White House breakfast on Wednesday with chief executive officers of...

Trump labor nominee withdraws

WASHINGTON—The fast-food executive Andrew F. Puzder withdrew his nomination to be labor secretary on Wednesday, as Republican senators turned sharply against him, the latest defeat for a White House besieged by infighting and struggling for traction even with a Republican-controlled Congress. The toppling of one of President Donald J. Trump’s...
WASHINGTON—Charting a striking new course for the Middle East, President Donald J. Trump on Wednesday withheld clear support for an independent Palestine and declared he could endorse a one-nation solution to the long and deep dispute between Palestinians and Israel. The American president, signaling a new era of comity between the...
NEW YORK—The rare disease goes by many names. Mud fever, sewerman’s flu, swamp fever—those are just a few of the monikers for the illness caused by the bacterium Leptospira. As the names indicate, the disease is associated with filth, and in the developed world, it is exceedingly rare. But in...
Carl C. Icahn is one of several billionaire investors who have bet big on a Donald J. Trump presidency. So bullish was Icahn that he said he made $1 billion worth of bets in the stock market the morning after Trump won the election. In a regulatory filing on Tuesday with...
SEOUL, South Korea—He seemed like an ordinary passenger in the departure hall of the airport for Malaysia’s capital, awaiting a four-hour flight to Macau. Moments later, he felt dizzy and was carried out on a stretcher, apparently dying from poisoned-needle punctures or, perhaps, a toxic liquid splashed on his...
The nation most identified with its massive oil reserves is turning to wind and solar to generate power at home and help extend the life of its crucial crude franchise. Starting this year, Saudi Arabia plans to develop almost 10 gigawatts of renewable energy (RE) by 2023, starting with wind...
President Donald J. Trump assured Prime Minister Justin Trudeau that Canada isn’t the main target of his plans to reset US trade relationships, as both leaders said they are committed to maintaining commercial ties and economic integration that support millions of jobs on both sides of the border. At a...
WASHINGTON—Michael T. Flynn, the national security adviser, resigned on Monday night after it was revealed that he had misled Vice President Mike Pence and other top White House officials about his conversations with the Russian ambassador to the United States. Flynn, who served in the job for less than a...
OROVILLE, California—It was not so long ago that residents here had to drag their houseboats into a dusty field from the barren banks of Lake Oroville, which had almost no water left to keep them afloat. Now after weeks of rain, that dusty field is swelling with water and nearly...
TOKYO—Japan extended its yearlong streak of modest economic growth in the last three months of 2016, data showed on Monday. Output in the country, which has the world’s third-largest economy but has struggled to shake off deflation, expanded in each quarter last year, the longest uninterrupted period of growth in...