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. ...


Trump Says a Deal ‘Could Very Well Happen’ With China

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U.S. President Donald Trump said on Saturday progress is being made toward a trade deal with China and denied that he was considering lifting tariffs on Chinese products. "Things are going very well with China and with trade," he told reporters, adding that he had seen some "false reports" indicating that U.S. tariffs on Chinese products would be lifted. "If we make a deal certainly we would not have sanctions and if we don't make a deal we will," Trump said. "We've really had a very extraordinary number of meetings and a deal could very well happen with China. It’s going well. I would say about as well as it could possibly go." ...


James Webb Telescope Prepping for Launch

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Humanity's efforts to move into and peer into space seem to be experiencing something of a renaissance in the past few weeks. NASA's pictures of Ultima Thule continue to astound, as do Chinese pictures from their probe on the far side of the moon. Coming soon, the James Webb Telescope will allow NASA to look even farther into the great beyond. VOA's Kevin Enochs reports. ...


Stocks Rally on Trade Hopes, Dollar Has 1st Weekly Gain of 2019

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World stock indexes jumped on Friday, with Wall Street posting a fourth straight week of gains, and the dollar had its first positive week since mid-December as optimism increased that an end is in sight to the U.S.-China trade conflict. Stocks were boosted by a Bloomberg report that said China sought to raise its annual goods imports from the United States by more than $1 trillion in order to reduce its trade surplus to zero by 2024.     That followed a report on Thursday that U.S. Treasury Secretary Steven Mnuchin was considering lifting some or all tariffs imposed on Chinese imports. The Treasury denied Mnuchin had made any such recommendation. Progress in trade talks While the equity rally lifted all major sectors, trade-sensitive industrials posted among the biggest S&P 500…


Report: Facebook’s Privacy Lapses May Result in Record Fine

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Facebook may be facing the biggest fine ever imposed by the U.S. Federal Trade Commission for privacy violations involving the personal information of its 2.2 billion users. The FTC is considering hitting Facebook with a penalty that would top its previous record fine of $22.5 million, which it dealt to Google in 2012 for bypassing the privacy controls in Apple's Safari browser, according to The Washington Post. The story published Friday cited three unidentified people familiar with the discussions. In an automated response, the FTC said it was unable to comment, citing its closure due to the U.S. government shutdown. Facebook declined to comment. The potential fine stems from an FTC investigation opened after revelations that data mining firm Cambridge Analytica had vacuumed up details about as many as 87…


US Consumer Morale at Two-year Low; Factory Output Surges

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U.S. consumer sentiment tumbled in early January to its lowest level since President Donald Trump was elected more than two years ago as a partial shutdown of the federal government and financial market volatility stoked fears of a sharp deceleration in economic growth. The drop in confidence reported by the University of Michigan on Friday was the clearest sign yet that the impasse in Washington over Trump's demands for $5.7 billion to help build a wall on the U.S. border with Mexico was negatively affecting the economy. Trump has touted high consumer confidence as an indication of the good job he is doing on the economy. While consumer sentiment remains relatively high, the gathering clouds over the economy could make households more cautious about spending, leading to slower growth. Consumer spending accounts for more than two-thirds of the U.S. economy. "This report…


Technology Near for Real-Time TV Political Fact Checks

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A Duke University team expects to have a product available for election year that will allow television networks to offer real-time fact checks onscreen when a politician makes a questionable claim during a speech or debate. The mystery is whether any network will choose to use it. The response to President Donald Trump's Jan. 8 speech on border security illustrated how fact-checking is likely to be an issue over the next two years. Networks briefly considered not airing Trump live and several analysts contested some of his statements afterward, but nobody questioned him while he was speaking. Duke already offers an app, developed by professor and Politifact founder Bill Adair, that directs users to online fact checks during political events. A similar product has been tested for television, but is…


EU Wants to Exclude Agriculture From Trade Talks With US

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The European Union insisted Friday that agriculture be kept out of the EU-U.S. trade negotiations, despite Washington’s wishes to include the vast sector, and said any overall deal will be limited in scope. The EU Commission announced its pro posals for a negotiating mandate from the 28 member states and said that the EU negotiations will be “strictly focused on the removal of tariffs on industrial goods, excluding agricultural products.” EU Trade Chief Cecilia Malmstrom also said that she is preparing a target list of American products it will hit with punitive tariffs if the Trump administration goes through with its threat to impose duties on European auto imports. Last July, during a period of heightened tensions over trade, U.S. President Donald Trump and EU Commission President Jean-Claude Juncker agreed…


Tesla Plans 7 Percent Staff Cut, Says Bumpy Road Ahead

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Electric car and solar panel maker Tesla said Friday it plans to cut its staff by about 7 percent. "The road ahead is very difficult," the company's founder and CEO Elon Musk said in an email to employees posted on the company's website. He said Tesla Inc. hopes to post a "tiny profit" in the current quarter but that after expanding its workforce by 30 percent last year, it cannot support that size of staff. Musk said in a tweet in October that Tesla had 45,000 employees. A 7 percent cut would involve laying off about 3,150 people. Tesla's shares tumbled earlier this month after it cut vehicle prices by $2,000 and announced fourth-quarter sales figures that fell short of Wall Street estimates. "Our products are too expensive for most…


Gloomy Davos: Plenty of Crises, Few World Leaders

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An array of crises will keep several world leaders away from the annual World Economic Forum (WEF) in Davos next week, which takes place against a backdrop of deepening gloom over the global economic and political outlook. Anxieties over trade disputes, fractious international relations, Brexit and a growth slowdown that some fear could tip the world economy into recession are set to dominate the Jan. 22-25 Alpine meeting. The WEF’s own Global Risks Report set the tone this week with a stark warning of looming economic headwinds, in part because of geopolitical tensions among major powers. ​No Trump, Macron or May Some 3,000 business, government and civil society figures are scheduled to gather in the snow-blanketed ski resort, but among them are only three leaders of the Group of Seven…


US Appeals Court Will Not Delay Net Neutrality Case

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A federal appeals court said Thursday it would not delay oral arguments set for Feb. 1 on the Trump administration's decision to repeal the 2015 landmark net neutrality rules governing internet providers. The Federal Communications Commission (FCC) on Tuesday asked the court to delay the arguments over its December 2017 repeal, citing the partial government shutdown. Without comment, the court denied the request. The FCC had no immediate comment on the decision. A group of 22 state attorneys general and the District of Columbia have asked the court to reinstate the Obama-era internet rules and block the FCC's effort to pre-empt states from imposing their own rules guaranteeing an open internet. Several internet companies are also part of the legal challenge, including Mozilla Corp, Vimeo Inc and Etsy Inc, as…


WSJ: US Treasury Secretary Mnuchin Weighs Lifting Tariffs on China

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U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for Jan. 30, the Wall Street Journal reported Thursday, citing people familiar with the internal deliberations. But Trade Representative Robert Lighthizer has resisted the idea, and the proposal had not yet been introduced to President Donald Trump, according to the Journal. U.S. stocks advanced on the news even as a Treasury spokesman working with the administration's trade team denied the report. "Neither Secretary Mnuchin nor Ambassador Lighthizer have made any recommendations to anyone with respect to tariffs or other parts of the negotiation with China," the spokesman said. "This an ongoing process with the Chinese that is nowhere near completion." Chinese Vice Premier Liu He…


Indonesian Presidential Candidates Spar Over Corruption

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Indonesian President Joko Widodo has accused his election rival of allowing corrupt candidates on his legislative ticket and failing to include women in senior positions. Widodo and former General Prabowo Subianto, along with their running mates, faced off Thursday in the first of five debates before the April 17 election. The debate focused on terrorism, human rights, corruption, and law and order. Opinion polls show Widodo commanding 52 percent to 54 percent popular support and Subianto 30 percent to 35 percent. About 10 percent of voters are undecided and another 15 percent are considered swing voters, meaning the race has the potential to tighten. Subianto, making his second bid for president after being narrowly defeated by Widodo in 2014, waffled when asked why his party has the highest number of…


Tunisia Hit by General Strike, Amid Economic Tensions

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Workers around Tunisia went on strike Thursday to demand higher pay in a standoff with a government struggling to reduce unemployment, poverty and social tensions. All flights in and out of the North African country's main airport were cancelled, and schools nationwide were closed. Ports, public transport, hospitals and other public services were also disrupted.   Marathon last-minute negotiations between the government and union umbrella group UGTT failed to avert Thursday's strike by public sector workers.   Thousands of people gathered at the national union headquarters in Tunis and marched through the capital's main thoroughfare, carrying signs reading "Get Out!" and "The People Want the Fall of the Regime." Rallies were also held in other cities.   Addressing the crowd in Tunis, the head of the UGTT, Noureddine Tabboubi, accused…


Want to Buy Ethical Food? Scan with Your Phone for Fast Facts

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Whether buying a fish fillet at a supermarket or ordering steak in a restaurant, consumers will soon be able to use their phones to check instantly whether their food is green and ethical. Launched by environmental group WWF and investment firm BCG Digital Ventures, OpenSC is a website that harnesses blockchain technology to allow users to scan a QR code on a product or menu that reveals the full history and supply chain before they buy. "For those catching and producing things in a very unsustainable way, it's quite easy for them to hide behind the complexity of supply chains," said Paul Hunyor, Asia region head at BCG Digital Ventures in Sydney. "There is a lack of carrots for those doing good at the production end because it is very hard…


John Bogle, Founder of Vanguard, Dies at 89 

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John C. Bogle, who simplified investing for the masses by launching the first index mutual fund and founded Vanguard Group, died Wednesday, the company said. He was 89. Bogle did not invent the index fund, but he expanded access to no-frills, low-cost investing in 1976 when Vanguard introduced the first index fund for individual investors, rather than institutional clients. The emergence of funds that passively tracked market indexes, like the Standard & Poor’s 500, enabled investors to avoid the higher fees charged by professional fund managers who frequently fail to beat the market. More often than not, the higher operating expenses that fund managers pass on to their shareholders cancel out any edge they may achieve through expert stock-picking. Mutual fund industry critic Bogle and Vanguard shook up the industry…


Giant US Bank Reveals 29 Percent Pay Gap Between Men, Women

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Female employees at Citigroup Inc around the world are paid just 71 percent of what men earn, the giant bank said on Wednesday, declaring its intentions to close its gender pay gap. A Citigroup shareholder group that sought data on the pay gap said the bank is the first U.S. company to disclose such figures. The U.S.-based bank employs more than 200,000 people in more than 100 countries, and more than half those employees are female, it said. Tackling the 29 percent gap means increasing the number of women in senior and higher-paying roles, promoting women to at least 40 percent of assistant vice president through managing director jobs, Citigroup said in a statement. Citigroup said it disclosed the data in response to a shareholder proposal from Arjuna Capital, an…


Busiest US Port Sets All-Time Cargo Record in 2018

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The Ports of Los Angeles and Long Beach on Wednesday said they set all-time records for moving cargo in 2018, after U.S. retailers and manufacturers pulled forward imports to avoid higher tariffs on Chinese goods. The Port of Los Angeles, North America's busiest container port, handled 9.46 million 20-foot equivalent units (TEUs) last year, the most in its 111-year history and 1.2 percent more than in 2017. The neighboring Port of Long Beach processed more than 8 million TEUs for the first time last year, after container cargo totals jumped 7 percent from 2017. "This is a rush of cargo based on political trade policy," said Gene Seroka, executive director for the Port of Los Angeles, where direct trade with China accounted for just over half of the $284 billion…


"Pulse" Turns Heartbeats into Interactive Art

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Take a minute and think about your heart. Can you hear it beating? Probably not, but you know it is. Now imagine your heartbeat “in color,” with rhythmic lighting to match. You can now see your unique beat pattern at a new interactive exhibit called “Pulse” at the Hirshhorn Museum in Washington, DC. In this Log-on segment, VOA’s Carolyn Presutti shows us how your heartbeat joins others and becomes art. ...


Razor Burn: Gillette Ad Stirs Online Uproar

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A Gillette ad for men invoking the #MeToo movement is sparking intense online backlash, with accusations that it talks down to men and groups calling for a boycott. But Gillette says it doesn't mind sparking a discussion. Since it debuted Monday, the Internet-only ad has garnered nearly 19 million views on YouTube, Facebook and Twitter — a level of buzz that any brand would covet. The two-minute ad from Procter & Gamble's razor brand shows men and boys engaging in bullying and sexual harassment and encourages men to "say the right thing" and "act the right way." Taking on bullying, sexual harassment and toxic masculinity is a big task for a razor brand. Many critics took to social media saying it was insulting to men and laden with stereotypes. The…


Globalization, Climate Change Top Agenda of World Economic Forum

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More than 3,200 government, business, academics and civil society leaders will address issues of globalization, climate change and other matters of world importance next week at the annual World Economic Forum in the plush Swiss Alpine village of Davos. The list of participants reads like the Who’s Who of the most powerful, successful and inventive movers and shakers in the world. They will be rubbing shoulders during hundreds of formal sessions and workshops, as well as in private bilaterals on the sidelines of the meeting. They will discuss and seek solutions to some of humanity’s most vexing problems. The theme of this year’s gathering is Globalization "4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution.” That refers to the emerging technology breakthroughs in such fields as…


‘Made in China 2025’ Feels Trade War Pinch

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Although it is unclear if the United States and China will be able to meet a 90-day deadline and strike a deal on trade by March 2, the tussle is clearly adding to uncertainty about the future fate of the Chinese government’s strategic plan named “Made in China 2025.” The plan itself is much like other countries’ goals to move up the industrial value chain. According to Beijing’s plan, China aims to make the country a world leader in 10 key sectors such as robotics, information technology, and artificial intelligence by 2025. However, what has raised concerns is how China is going about reaching that goal. Foreign companies and governments have voiced growing concern about the plan and the Chinese policy and practice of forcing companies to hand over technology…