Leaders Skip Davos Amid Domestic Troubles, Anti-Globalist Backlash

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The World Economic Forum summit in Davos, Switzerland, that wrapped up Friday, had some notable absentees, including U.S. President Donald Trump. With a backlash against a perceived ruling elite gaining ground in many countries, analysts say some leaders steered clear of a gathering often seen as an inaccessible club for the world’s super-rich. Others argue it is vital they get together to discuss urgent issues like climate change and world trade. On the surface, though, it was business as usual: On a sealed off, snowbound mountaintop, world leaders rubbed shoulders with global executives, lobbyists and pressure groups. It remains a vital gathering of global decision-makers, said Leslie Vinjamuri, head of the U.S. and the Americas Program at policy group Chatham House. “They’re there to do business, they’re there to engage in an exchange…


Germany to Phase Out Coal by 2038  

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A government-appointed commission laid out a plan Saturday for Germany to phase out coal use by 2038.    The commission — made up of politicians, climate experts, union representatives and industry figures from coal regions — developed the plan under mounting pressure on Europe's top economy to step up efforts to combat climate change. "This is a historic day," the commission's head, Ronald Pofalla, said after 20 hours of negotiations. The recommendations, which involve at least $45.6 billion in aid to coal-mining states affected by the move, must be reviewed by the German government and 16 regional states. While some government officials lauded the report, energy provider RWE, which runs several coal-fired plants, said the 2038 cutoff date would be "way too early." Despite its reputation as a green country, Germany…


Commission: Put People First in Drive to Automate Jobs

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The world of work is going through a major transformation. Technological advances are creating new jobs and at the same time leaving many people behind as their skills are no longer needed. A new study by the International Labor Organization’s Global Commission on the Future of Work addresses the many uncertainties arising from this new reality. The International Labor Organization agrees artificial intelligence, automation and robotics will lead to job losses, as people’s skills become obsolete. But it says these same technological advances, along with the greening of economies also will create millions of new jobs. Change is coming The co-chair of the ILO Global Commission on the Future of Work, South African President Cyril Ramaphosa, says these advances offer many opportunities. But he warns people must harness the new…


At Davos, Nearly half WTO Members Agree to Talks on new e-Commerce Rules

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Impatient with the lack of World Trade Organization rules to cover the explosive growth of e-commerce, 76 countries and regions agreed on Friday to start negotiating this year on a set of open and predictable regulations. The WTO’s 164 members were unable to consolidate some 25 separate e-commerce proposals at the body’s biennial conference at Buenos Aires in December, including a call to set up a central e-commerce negotiating forum. In a gathering on the sidelines of the World Economic Forum in Davos, ministers from a smaller group of countries including the United States, the European Union and Japan, agreed to work out an agenda for negotiations they hope to kick off this year on setting new e-commerce rules. “The current WTO rules don’t match the needs of the 21st…


Microsoft’s Bing Blocked in China for Two Days

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Chinese internet users lost access to Microsoft’s Bing search engine for two days, setting off grumbling about the ruling Communist Party’s increasingly tight online censorship. Microsoft Corp. said Friday that access had been restored. A brief statement gave no reason for the disruption or other details. Comments on social media had accused regulators of choking off access to information. Others complained they were forced to use Chinese search engines they say deliver poor results. “Why can’t we choose what we want to use?” said a comment signed Aurelito on the Sina Weibo microblog service. Government censorship Bing complied with government censorship rules by excluding foreign websites that are blocked by Chinese filters from search results. But President Xi Jinping’s government has steadily tightened control over online activity. The agency that…


US House Republican Introduces Bill to Grant Trump More Tariff Power

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A Republican U.S. representative on Thursday introduced White House-drafted legislation that would give President Donald Trump more power to levy tariffs on imported goods in an effort to pressure other countries to lower their duties and other trade barriers. The measure offered by Representative Sean Duffy, which has been touted by Trump administration officials, has already been declared unacceptable by some Republican senators, including Senate Finance Committee Chairman Chuck Grassley. Democrats, who control the House of Representatives and its legislative agenda, are unlikely to grant Trump more executive authority, especially as a standoff over the partial government shutdown drags on. A spokesman for House Speaker Nancy Pelosi could not immediately be reached for comment. The Reciprocal Trade Act, which Trump was expected to highlight in his now-delayed State of the…


Few Responsible for Most Twitter Fakery, Study Finds

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A tiny fraction of Twitter users spread the vast majority of fake news in 2016, with conservatives and older people sharing misinformation more, a new study finds.    Scientists examined more than 16,000 U.S. Twitter accounts and found that 16 of them — less than one-tenth of 1 percent — tweeted out nearly 80 percent of the misinformation masquerading as news, according to a study Thursday in the journal Science. About 99 percent of the Twitter users spread virtually no fake information in the most heated part of the election year, said study co-author David Lazer, a Northeastern University political and computer science professor.  Spreading fake information "is taking place in a very seamy but small corner of Twitter,'' Lazer said.    Lazer said misinformation "super sharers'' flood Twitter: an average of 308 pieces of fakery…


Chefs, Truck Drivers Beware: AI Is Coming for Your Jobs

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Robots aren't replacing everyone, but a quarter of U.S. jobs will be severely disrupted as artificial intelligence accelerates the automation of existing work, according to a new Brookings Institution report. The report, published Thursday, says roughly 36 million Americans hold jobs with “high exposure” to automation — meaning at least 70 percent of their tasks could soon be performed by machines using current technology. Among those most likely to be affected are cooks, waiters and others in food services; short-haul truck drivers; and clerical office workers. “That population is going to need to upskill, reskill or change jobs fast,” said Mark Muro, a senior fellow at Brookings and lead author of the report. Muro said the timeline for the changes could be “a few years or it could be two…


EU’s Malmstrom: Europe Should be More Ambitious on Climate Change

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European Trade Commissioner Cecilia Malmstrom said on Thursday that Europe should be more ambitious on issues such as climate change as a way to unite the bloc around a single vision. "We need a great debate on the future of Europe," she said in a wide-ranging debate at the World Economic Forum in Davos on the state of the continent and the rise of populism. Europeans vote for a new European parliament in May, at a time when citizens in many countries are backing populist parties. Italy's Foreign Minister Enzo Moavero Milanesi said the European Union had become like an archipelago of separate islands. "There is no real European vision at the moment, such as the vision which moved the founders. We need to find things that mobilize people, that…


A Peek Inside Amazon Headquarters

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Amazon's long search for a new headquarters location — nicknamed HQ2 — came to an end in November 2018, as the company decided to open offices in New York City and Crystal City in Northern Virginia. And while the opening of HQ2 is still months away, Natasha Mozgovaya visited the original Amazon HQ in Seattle. ...


Impact of Drone Sightings on Newark Airport Detailed

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The Federal Aviation Administration said on Wednesday that 43 flights into New Jersey's Newark Liberty International Airport were required to hold after drone sightings at a nearby airport Tuesday, while nine flights were diverted. The incident comes as major U.S. airports are assessing the threat of drones and have been holding meetings to address the issue. The issue of drones impacting commercial air traffic came to the fore after London's second busiest airport, Gatwick Airport, was severely disrupted in December when drones were sighted on three consecutive days. An FAA spokesman said that Tuesday's event lasted for 21 minutes. The flights into Newark, the 11th busiest U.S. airport, were suspended after a drone was seen flying at 3,500 feet over nearby Teterboro Airport, a small regional airport about 17 miles…


Blue Origin Shoots NASA Experiments Into Space in Test

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Jeff Bezos’ rocket company, Blue Origin, has launched NASA experiments into space on a brief test flight. The New Shepard rocket blasted off Wednesday from West Texas, hoisting a capsule containing the experiments. The eight experiments were exposed to a few minutes of weightlessness, before the capsule parachuted down. The rocket also landed successfully, completing its fourth spaceflight. This was Blue Origin’s 10th test flight, all precursors to launching passengers by year’s end. The capsules have six windows, one for each customer. Blue Origin isn’t taking reservations just yet. Instead, the Kent, Washington, company is focusing on brief research flights. Wednesday’s flight lasted just over 10 minutes, with the capsule reaching 66 miles high, or 107 kilometers, well within the accepted boundary of space. Bezos is the founder of Amazon.…


EU Calls for Tougher Checks on Golden Visa Applicants

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The European Union on Wednesday warned countries running lucrative schemes granting passports and visas to rich foreigners to toughen checks on applicants amid concern they could be flouting security, money laundering and tax laws. EU countries have welcomed in more than 6,000 new citizens and close to 100,000 new residents through golden passport and visa schemes over the past decade, attracting around 25 billion euros ($28 billion) in foreign direct investment, according to anti-corruption watchdogs Transparency International and Global Witness.   In a first-ever report on the schemes, the EU Commission said that such documents issued in one country can open a back door to citizenship or residency in all 28 states.   Justice Commissioner Vera Jurova said golden visas are the equivalent of "opening the golden gate to Europe…


Best and Worst Jobs of the Future

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The hottest job of the future might be app developer. All you have to do is look at what you're holding in the palm of your hand to figure out why. “All of us use our cellphones probably more than we should be every day, and that is what is driving the demand for app developers," said Stacy Rapacon, online editor at personal finance website Kiplinger.com, which has identified the best jobs for the future. "More apps mean more people to develop them.” The median salary for app developers is $100,000, and the industry is expected to grow by 30 percent over the next decade, according to Kiplinger. Nurse practitioner is the next best job on Kiplinger's list. The median income for nurse practitioners is $103,000, and the field is…


White House Denies Reports of Canceled Trade Meeting

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The White House on Tuesday said high-level trade talks with Beijing were proceeding uninterrupted, quickly rebutting media reports that progress toward resolving their trade war had faltered. Chinese Vice Premier Liu He is to meet his U.S. counterparts in Washington next week as the two sides work to resolve their trade disagreements by March 1, when a 90-day truce is due to expire, allowing U.S. import duties on Chinese goods to increase sharply. Washington and Beijing imposed tit-for-tat tariffs on more than $360 billion worth of goods in two-way trade last year. Trump initiated the trade war because of complaints over unfair Chinese trade practices — concerns shared by the European Union, Japan and others. The Financial Times and CNBC both reported Tuesday afternoon that Washington had canceled a preliminary…


Minister: Nigeria to Recommend 50 Percent Hike in Minimum Wage

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Nigeria is to send a bill recommending a national minimum monthly wage rise of 50 percent to 27,000 naira ($88) to lawmakers in the national assembly, the labor minister said on Tuesday. Cost of living is a major campaign issue ahead of a presidential election on 16 February and unions want the minimum wage to be raised from 18,000 naira. Inflation stood at a seven-month high of 11.44 percent in December. Disagreements over the minimum wage saw labor unions striking across Nigeria in September. President Muhammadu Buhari said in January that he would increase the minimum wage, but did not specify by how much. "The 27,000 naira minimum wage is the benchmark," Labor Minister Chris Ngige told reporters in Abuja on Tuesday. Ngige said some government workers could receive a…


Google Opens New Office in Berlin With Eye on Expansion

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American tech giant Google has opened a new office in Berlin that it says will give it the space to expand in the German capital.   CEO Sundar Pichai said Tuesday the space means Google could more than double the number of Berlin employees to 300. Google currently has 1,400 employees in Germany. Pichai says “the city has long been a capital of culture and media. Now it's also home to a fast-growing startup scene and an engine for innovation.” Google has faced regulatory headwinds in Europe, and was fined 50 million euros ($57 million) Monday in France for alleged violations of European data privacy rules. Google Central Europe vice president Philipp Justus didn't directly address the fine, but said Google's committed to transparency and clarity on what data is…


Brazil’s Nationalist Leader to Address Davos Globalist Crowd

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Brazilian President Jair Bolsonaro will headline the first full day of the World Economic Forum in Davos, Switzerland, with a speech to political and business leaders.   The nationalist leader is attending an event that has long represented business's interest in increasing ties across borders. But globalism is in retreat as populist leaders around the world put a focus back on nation states, even if that means limiting trade and migration.   After Bolsonaro's speech on Tuesday, German Chancellor Angela and Japanese Prime Minister Shinzo Abe will address the gathering on Wednesday.   But several key leaders are not attending to handle big issues at home: U.S. President Donald Trump amid the government shutdown, British Prime Minister Theresa May to grapple with Brexit talks, and France's Emmanuel Macron to face…


UN Forecasts Global Economic Growth Around 3 Percent in 2019

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The United Nations is forecasting that the global economy will grow by around 3 percent in 2019 and 2020, but says waning support for multilateralism, escalating trade disputes, increasing debt and rising climate risks are clouding prospects The United Nations is forecasting that the global economy will grow by around 3 percent in 2019 and 2020, but says waning support for multilateralism, escalating trade disputes, increasing debt and rising climate risks are clouding prospects. The U.N.'s report on the World Economic Situation and Prospects 2019 also stresses that economic growth is uneven and often doesn't reach countries that need it most. Per capital income is expected to stagnate or see only marginal growth this year in parts of Africa, western Asia, Latin America and the Caribbean. U.N. Secretary-General Antonio Guterres…


France Fines Google $57M for Data Privacy Violation

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France's data watchdog fined Google nearly $57 million on Monday, saying the tech giant failed to provide users with transparent information on its data consumer policies and how their personal information was used to display advertising targeting them. The French agency CNIL said U.S.-based Google made it too difficult for internet users to understand and manage their personal preferences online. "The information provided is not sufficiently clear," the regulatory agency said, "for the user to understand the legal basis for targeted advertising is consent, and not Google's legitimate business interests." It was the first ruling using the European Union's strict new General Data Protection Regulation since it was implemented last year, a sweeping set of rules that has set a global standard forcing large American technology firms to examine their…


Few Signs of Breakthrough as May Set to Unveil Brexit Plan B

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Prime Minister Theresa May was set to unveil her new plan to break Britain's Brexit deadlock on Monday — one expected to look a lot like the old plan that was decisively rejected by Parliament last week. May was scheduled to brief the House of Commons on how she intends to proceed. There were few signs she planned to make radical changes to her deal, though she may seek alterations to its most contentious section, an insurance policy known as the "backstop" that is intended to guarantee there are no customs checks along the border between EU member Ireland and the U.K.'s Northern Ireland after Brexit.   The EU insists it will not renegotiate the withdrawal agreement, and says the backstop is an integral part of the deal.   "This…


World Economy Forecast to Slow in 2019 Amid Trade Tensions

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The International Monetary Fund has cut its forecast for world economic growth this year, citing heightened trade tensions and rising U.S. interest rates. The IMF said Monday that it expects global growth this year of 3.5 percent, down from 3.7 percent in 2018 and from the 3.7 percent it had forecast for 2019 back in October.   "After two years of solid expansion, the world economy is growing more slowly than expected and risks are rising,'' said IMF Managing Director Christine Lagarde as she presented the new forecasts at the World Economic Forum in Davos, Switzerland.   The fund left its prediction for U.S. growth this year unchanged at 2.5 percent — though a continuation of the partial 31-day shutdown of the federal government poses a risk. The IMF trimmed the…


Uganda Seeks to Regulate Fish Maw Trade

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At the Gaba landing site in Kampala, fishermen dock their boats filled with both tilapia and Nile perch. Waiting along the shores, donning white gum boots and white coats, fish traders wait to offload the Nile perch that has turned profitable for many traders. The fish’s commodity, known as a swim bladder, is used as an aphrodisiac in China and is now being recognized by the Ugandan government as water gold, but fishermen at the forefront say they are being exploited. A study by the Lake Victoria Fisheries Organization has shown that a growing appetite in Asia has seen the former waste by-product becoming a multi-million-dollar export. Idrisa Walusimbi began working as a fisherman 20 years ago. Now, he has his own boat and is chairman of the fish protection…


Russian Media Watchdog Moves Against Facebook, Twitter

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Russia's communication watchdog, Roskomnadzor, opened "administrative proceedings" Monday against Facebook and Twitter for non-compliance with country’s data laws, Interfax news agency reported. Roskomnadzor head Alexander Zharov is quoted as saying that U.S. social media giants have a month to comply or face legal proceedings. According to Roskomnadzor, Facebook and Twitter have not explained how and when they would comply with legislation that requires all servers used to store Russians' personal data to be located in Russia. Russia has introduced stricter internet laws in the past five years, among other things requiring search engines to share encryption keys with Russian security services. In April last year, thousands rallied in Moscow in support of internet freedom after Russian authorities attempted to block access to the popular messaging app Telegram. Telegram had refused…


Uganda Seeks to Regulate Lucrative Fish Maw Trade

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The sale of Nile Perch fish maw in Uganda has become a lucrative business, especially for distributors. The fish maw - or dried swim bladder - is used as an aphrodisiac in China. But Ugandan fishermen bringing in the perch say they are being exploited while others are reaping the profits. Halima Athumani reports from Kampala. ...