IMF cuts global economy outlook to 3%
The IMF cut its global economic forecast for this year to 3% but in 2020 this will rise to 3.4%. Hanna Ziady had the news for CNN: Next year’s recovery in the global economy will be slightly weaker than expected, and US growth will continue to slow, the International Monetary Fund said Tuesday. The IMF […]
Talking Biz News Today — October 15, 2019
Some of Tuesday’s top business news stories: Associated Press EU’s Barnier says Brexit deal still possible this week, by Raf Casert Wages, pensions, plant investments still issues in GM strike, by Tom Krisher Fortune More Renewables Than Fossil Fuels: As the U.K. Reaches an Energy Milestone, Here’s How Far Others Have Gotten, by David Meyer […]
Facebook officially launches Libra
Facewbook on Monday announced the Libra Association, a nonprofit group that will govern the digital currency. AP’s Ken Sweet reported the news: Facebook officially moved forward with its plans Monday to create a new digital currency called Libra, despite several high-profile defections from the project and intense criticism from U.S. regulators and politicians. The Libra […]
Talking Biz News Today — Oct. 14, 2019
Some of Monday’s top business news stories: Associated Press Mack Truck workers begin strike at plants in 3 states California power outages highlight economic disparity, by Cathy Bussewitz CNN The big bank winning streak might be about to end, by Charles Riley America’s factories are in trouble. The trade war is only part of the […]
Talking Biz News Today — Oct. 11, 2019
Some of Friday’s top business news stories: Associated Press California businesses face reality of electrical outages, by Anne DÍnnocenzio, Terrence Chea US consumer prices unchanged in September, by Martin Crutsinger CNN Airlines have a climate problem. Now one company is promising carbon-neutral flying by 2050, by Charles Riley Dyson abandons plans to build electric cars, […]
Wildfires break out in California despite preventive power supply cuts
Wildfires broke out in California despite PG&E’s plans to cut power to a few hundred thousand customers to prevent just that. CBS’s Jonathan Vigliotti had the news: Despite an unprecedented effort to prevent wildfires, at least three of them erupted in Southern California on Thursday afternoon fueled by strong winds and dry conditions. Fifty miles […]
Talking Biz News Today — Oct. 10, 2019
Some of Thursday’s top business news stories: Associated Press Good luck? US, China to begin 13th round of trade talks, by Paul Wiseman California bans hotels from using tiny plastic bottles Fortune Artificial Intelligence Could Be a $14 Trillion Boon to the Global Economy—If It Can Overcome These Obstacles, by Bernhard Warner Privacy, Civil Rights […]
Apple drops police-tracking app on China criticism
Apple has removed a police-tracking app for Hong Kong from its store after a Chinese state media accused it of inciting illegal behavior. AP’s Joe McDonald had the news: Apple removed a smartphone app that allows Hong Kong activists to report police movements from its online store Thursday after an official Chinese newspaper accused the […]
Talking Biz News Today — Oct. 9, 2019
Some of Wednesday’s top business news stories: Associated Press Johnson & Johnson, Risperdal maker hit with $8B verdict California faces historic power outage due to fire danger, by Olga R. Rodriguez, Janie Har Fortune Trump’s Tariffs Were Supposed to Ding China, But the U.S. Economy Is Getting Hit 2.5x Harder, by Shawn Tully Southwest Pilots […]
Court orders Johnson & Johnson to pay $8 billion in Risperdal case
A jury ordered Johnson & Johnson to pay $8 billion in damages to a man who accused the company of failing to warn young male users of its antipsychotic drug Risperdal could develop breasts. Brendan Pierson and Nate Raymond reported the news for Reuters: Johnson & Johnson must pay $8 billion in punitive damages to […]
