A big push is under way to achieve U.S. approval for the U.S.-Mexico-Canada Agreement (USMCA), the new NAFTA, but important gaps remain between the parties. The most recent deadline goal appears to be congressional action by Dec. 20, at the latest. Missing that deadline could delay approval until 2021 and leave the continent’s economies under a cloud of uncertainty. Approving the USMCA could bring a needed economic boost to the millions of jobs supported by commerce with America’s two largest trade partners.Negotiations between Democrats in the House of Representatives and the United States Trade Representative (USTR) appear to have made substantial progress on key issues where the Democrats seek changes — labor rights, environmental protections, shorter intellectual property protections for biologic drugs, and stronger enforcement mechanisms, especially on labor issues where Democrats worry about Mexico’s performance.ADVERTISEMENTFinal … [Read more...] about USMCA: So near, or just too far?
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The wife of Shark Tank star Kevin O’Leary has been charged over a boating accident that left two people dead in Ontario, Canada on August 24. Ontario Provincial Police charged Linda O'Leary with 'careless operation of a vessel' on Tuesday after it was revealed that she was driving the boat when it crashed into another during a nighttime outing on Lake Joseph. She was not drinking or taking drugs at the time, police confirmed. Authorities say Linda was driving at around 17 miles per hour when the accident occurred at 11.30 pm. The driver of the second boat, New York native Richard Ruh, has been charged for driving without navigation lights. Two people on his boat were killed in the crash, and two others were injured. According to TMZ, Linda plans to 'vigorously fight the charge' when she makes her first court appearance on October 29. Should she be found guilty, Linda could be sentenced to 18 months in jail or be forced to pay a $1million … [Read more...] about Wife of Shark Tank star Kevin O’Leary is charged over fatal boating accident in Ontario that left two people dead – but plans to ‘vigorously fight’ to clear her name amid prospect of jail time
Abdulaziz bin Salman, Saudi Arabia's energy minister, center, awaits the start of the 177th Organization Of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Thursday, Dec. 5, 2019. Saudi Arabia, the dominant force in OPEC, is using both carrot and stick to talk other members of the oil cartel into defending prices at Thursday’s ministerial meeting. less Abdulaziz bin Salman, Saudi Arabia's energy minister, center, awaits the start of the 177th Organization Of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Thursday, Dec. 5, 2019. Saudi ... more Photo: Stefan Wermuth / Bloomberg Photo: Stefan Wermuth / Bloomberg Image 1 of / 1 Caption Close Image 1 of 1 Abdulaziz bin Salman, Saudi Arabia's energy minister, center, awaits the start of the 177th … [Read more...] about OPEC+ finalizes deal to cut 500K additional barrels through March
Not far from the airport in Austin, Texas, is an old dairy farm that is being repurposed into a technology campus. Sridhar Vembu-led Zoho Corp, a Software as a Service company based out of Chennai, is building an office complex on 375 acres southeast of the town, in what could be a symbol of expanding Indian technology footprint in the West, particularly in the United States. As towns go, Austin is an alluring mix. Its throbbing college scene rolls on without a bump into quaint tourism, with the occasional laidback Texan strolling by colourful shopfronts overflowing with quirky gifts. In a place known to support local businesses — its tagline ‘Keep Austin Weird’ is written on public walls and digital posters – large technology companies are scrambling to set up work bases, and Indian companies are just beginning to spot the advantage of moving in. “Austin gives the vibe Bay Area did in the 1990s, or maybe the 1980s,” Zoho’s chief evangelist … [Read more...] about Indian tech firms are looking beyond traditional hubs to set up shop in US
Relief for Dreamers linked to border-wall money could yet reopen the federal government. Photo: Zach Gibson/Bloomberg via Getty Images There’s a lot of political posturing we will still have to go through before an end to the partial government shutdown can occur. Most fundamentally, President Trump must be sure he has put out the fire on his right flank that roared into view when it looked like he was going to back off on a border-wall-funding demand in exchange for signing an appropriations bill. That means something that he can construe as a concession on the wall must be wrung from Democratic congressional leaders who are publicly adamant about denying him exactly that. Democrats certainly won’t make any moves away from that position until the House has passed Nancy Pelosi’s bill, which extends Homeland Security funding into next month without wall funding and releases the rest of the federal government from the whole dispute. Beyond the next few moves on the … [Read more...] about Elusive Wall-for-DACA Deal Could Be Key to Ending Government Shutdown
Reuters reported that the change was made in an effort to "add reciprocity" to the manner in which American diplomats are required to do business in China. — Josh Rogin (@joshrogin) October 16, 2019 Additionally, the measure will cover all staff involved in Chinese missions within the US and Chinese officials traveling through the country on official business. Citing State Department officials, AP reported that unlike China's requirements for American diplomats, the US' rules are "less onerous than China’s because the Chinese must approve such contacts." The Trump administration will not be requiring Chinese diplomats to receive prior approval ahead of planned meetings. Department officials have reportedly already received one notice from Chinese officials. The latest development comes days after the Trump administration issued visa restrictions on Chinese officials, citing ongoing abuses of Muslim minorities in China's Xinjiang region. That move was … [Read more...] about State Dept: US Will Require Chinese Diplomats to Report Contacts With American Officials, Educators