Business

IMF cuts US growth outlook, cites uncertainty around Trump pol

The IMF cut its forecast for US economic growth for this year to 2.1% from a previous estimate of 2.3%. That would be an improvement over last year's lackluster 1.6 percent growth rate but down from the IMF's April forecast for growth this year of 2.3 percent.

Business

Plane Delayed After Coins Thrown in Engine 'For Luck'

One of the passengers boarding the plane with the elderly woman said she threw the coins into the engine to wish it a safe flight. Maintenance crews checked the engines and found nine coins. Her "good luck" ritual prompted concerned passengers to alert airline staff, who conducted a full examination of the engine and evacuated 150 passengers.

Business

US Supreme Court partially lifts Trump's travel ban

Last week, Trump said the ban would take effect 72 hours after being cleared by courts and will apply to citizens of Iran , Libya, Somalia, Sudan, Syria and Yemen . "In theory, you could say if somebody is coming for tourism and has made a reservation for a hotel, there's now a USA interest in bringing them to the United States ".

Business

Donald Trump's travel ban has been partially allowed

The other basic portion of Trump's initiative, which will remain partially blocked, will be the prohibition on USA entry to citizens of Iran , Somalia, Sudan, Syria , Yemen and Libya, although entry will be allowed for people from those countries who have relatives or job contracts in the US.

Business

'Like bombs': Bankrupt company's air bags still out there

The company says it is facing between US$10 billion and US$50 billion in liabilities from nearly a decade of recalls and lawsuits linked to its defective air bag inflators, which could explode with too much force, sending metal shrapnel into vehicle compartments.

Business

Federal Reserve Moves Interest Rates Higher

These rates are well below the Trump administration growth goals of 3 percent a year. "The Fed sounded hawkish, willing to look past the weakness in inflation and reiterating the need to normalize policy", said a BofA Merrill Lynch Global Research report after the release.


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