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home : ny times rss feeds : global business April 24, 2018

In Brexit, Economic Reality Competes With Nostalgia for Bygone Days
Branded “idiots,” residents of Grimsby, England, choose romance for a dying fishing industry over another that is thriving.... More >>

Sears C.E.O. Seeks to Buy the Retailer’s More Valuable Parts
Edward Lampert made the unusual move of offering to have his hedge fund buy parts of Sears, including its Kenmore brand, as it struggles to pay down debt.... More >>

This Start-Up Says It Wants to Fight Poverty. A Food Stamp Giant Is Blocking It.
Propel, a start-up, was begun to bring convenience and new services to food stamp recipients. A big government contractor is getting in the way.... More >>

Gender Pay Gap? Maybe Not in the Corner Office, a Study Shows
Women still earn far less for every dollar that men earn, but two professors say their research shows no significant difference at the chief executive level.... More >>

Ford Changed Leaders, Looking for a Lift. It’s Still Looking.
After 11 months as chief, Jim Hackett has yet to satisfy those looking for a clear articulation of a strategy. But big moves could be in the offing.... More >>

How Looming Privacy Regulations May Strengthen Facebook and Google
Facebook and Google are dealing with a privacy backlash and new European rules on data collection. The rules, though, may not be as damaging to the companies as they appear.... More >>

Public Servants Are Losing Their Foothold in the Middle Class
Even as private employers have rebounded from the recession, the public sector’s ranks have withered, and pay and benefits have lagged.... More >>

Halliburton Writes Off Remaining $312 Million Invested in Venezuela
The move was expected because the country’s state-owned oil company had fallen behind on paying its bills from companies that maintain and operate its oil and gas wells.... More >>

Apple’s Deal for Shazam Is Delayed in Europe Over Data Concerns
European authorities are testing the idea that data can give companies an unfair edge over rivals.... More >>

Professor Apologizes for Helping Cambridge Analytica Harvest Facebook Data
Aleksandr Kogan, the academic who helped harvest tens of millions of Facebook profiles in 2014, said he “never heard a word” of objection from the social media giant.... More >>

Zelle, the Banks’ Answer to Venmo, Proves Vulnerable to Fraud
The personal payment platform Zelle is flourishing. But so are fraudsters, who are exploiting weaknesses in the banks’ security.... More >>

Tariff Dodgers Stand to Profit Off U.S.-China Trade Dispute
Chinese brokers send goods around the world to disguise their origin and escape penalties. Tougher trade rules may end up only helping them.... More >>

Your Money: Seeking Your College Application Essays About Money
Each year, The New York Times publishes a handful of undergraduate application essays about work, money and social class. Now, we’re seeking this year’s batch.... More >>

DealBook Briefing: Surprisingly, Female C.E.O.s May Make as Much as Male Ones
A new study suggests that, at the top of the corporate ladder, there may not be the same gender pay gap that exists throughout the business world.... More >>

3 Gadgets You Didn’t Know You Needed, but Are Worth Buying
If you don’t have one of these — or you’ve waited until the options were good enough before investing — now is the time to buy.... More >>

Rue St. Denis, Longtime Outfitter to TV and Chic People, Is Closing
For 25 years, a time capsule of perfectly preserved clothing in Alphabet City.... More >>

Richard Jenrette, 89, Wall St. Power and Preservationist of Homes, Dies
He helped found a groundbreaking firm, nursed an insurance giant back to health and created a trust devoted to restoring historic American homes.... More >>

Front Burner: McIlhenny Co. Marks Its 150th Anniversary With Special Tabasco
Tabasco Diamond Reserve Sauce looks more like a small bottle of Champagne, and costs just as much.... More >>

Craft Distillers, Facing Lower Taxes, Invest in Themselves
A little-publicized amendment in the new tax law shows the growing political clout of American spirits producers, particularly the smaller ones.... More >>

Hawaiian Food Is Flourishing … in Utah?
The restaurant chain Mo’ Bettahs has found success appealing to Utah’s dominant religious group: Mormons, who have long had ties to Polynesia.... More >>

Banker Finds He Has ‘Even More Enemies Than I Thought’
Accused of bribery, Ilmars Rimsevics, Latvia’s widely disliked central banker, seems headed for a fall, along with one of the nation’s largest banks.... More >>

What Might Happen to Amazon’s Profit if It Paid Its Workers More?
Amazon does not disclose its total compensation expense, but its disclosure of median pay provides some insight on the impact of paying its employees more.... More >>

Prominent Exit From Ad Industry Sets Off Questions About Future
The resignation of WPP’s Martin Sorrell shocked the industry and also highlighted the question of what‘s next for advertising companies in a dynamic era.... More >>

A Former Top Wall Street Regulator Turns to the Blockchain
Gary Gensler, who once led the Commodity Futures Trading Commission, has joined M.I.T., where he is warning about potential problems for virtual currencies.... More >>

The Week Ahead: Tech Companies Report Earnings and Economic Growth Data Is Released
Detroit automakers are also reporting results, while President Trump will discuss trade with French and German leaders but skip the White House Correspondents’ dinner.... More >>

Overseer Faults Volkswagen’s Reform Efforts Since Emissions Scandal
Larry Thompson, a former U.S. deputy attorney general, said the carmaker had not held wrongdoers accountable or been serious enough about change.... More >>

Korean Air Heiresses, One Known for ‘Nut Rage,’ Lose Their Jobs
The conglomerate removed the two sisters after they were accused of abusing employees, and the family is vilified in South Korea.... More >>

Cannabis Flowers Are Legal in Italy. You Just Can’t Eat or Smoke Them.
The new cannabis product has created a booming but unregulated economy in Italy. Is it a bubble waiting to be burst?... More >>

Scott Pruitt Before the E.P.A.: Fancy Homes, a Shell Company and Friends With Money
The E.P.A. chief is under scrutiny for high spending and interactions with lobbyists. Many of the pitfalls he has encountered in Washington have echoes in his past.... More >>

With a Glance Backward, Brooks Brothers Looks to the Future
The reinvention of the 200-year-old American brand by its brash Italian owner, Claudio Del Vecchio, has meant staying true to its past.... More >>

Is Facebook’s Campbell Brown a Force to Be Reckoned With? Or Is She Fake News?
As Facebook’s head of news partnerships, Ms. Brown, a former CNN and NBC anchor, is emerging as a surprisingly adept negotiator for her publishing vision at the social network.... More >>

Tesla Factory Safety Under Scrutiny After Worker Is Injured
Days after a news report focused on conditions at the plant, a California agency said it was investigating an episode that left a millwright’s jaw broken.... More >>

F.A.A. Orders Closer Engine Inspections After Southwest Airlines Failure
The agency’s order recommends ultrasonic inspections be performed in the next 20 days on fan blades with the most use.... More >>

Global Health: Ethicists Call for More Scrutiny of ‘Human-Challenge’ Trials
A vaccine study in which subjects are to be deliberately infected with Zika is on pause after ethicists said it had “insufficient value.”... More >>

Electric Scooters Are Causing Havoc. This Man Is Shrugging It Off.
Travis VanderZanden, chief executive of electric scooter start-up Bird, is unperturbed by how San Francisco and other cities are in an uproar over the dockless vehicles.... More >>

Entrepreneurship: Making Her Own Way, Nearly 100 Years Later
Simone Reggie, owner of Simone’s Market in New Orleans, is a rising star on the city’s food scene, following a family tradition.... More >>

Modi May Pay the Price as India’s A.T.M.s Run Out of Cash Again
The shortage, caused by government policies, poses a challenge for Prime Minister Narendra Modi, who was also responsible for India’s last cash crisis.... More >>

U.S. Investigating AT&T and Verizon Over Wireless Collusion Claim
Complaints to the Justice Department allege that the companies and a standards group worked together to restrict eSIM technology, a cardless way to easily switch carriers.... More >>

What Happened to Matthew Mellon
A proud father. A brilliant friend. Lucky in love. Inherited wealth. And an opioid addict, dead at 54.... More >>

Carolyn Jacobson, Champion of Women’s Union Rights, Dies at 67
She helped place equal rights and health and social issues of particular concern to women workers on the agenda of organized labor.... More >>

The Workologist: What to Do When Your Old Boss Won’t Let Go
A worker escapes a bad supervisor by changing departments — but the old boss is still holding on tight. What is to be done?... More >>

Vocations: Her Start in the Air Force Led to a Surprising Place
A luxury hotel sales executive started her career in the military, where her wartime job would be to plot possible nuclear, biological and chemical fallout.... More >>

Economic View: How the Loss of Union Power Has Hurt American Manufacturing
The nation’s union leaders once had the president’s ear through seats in the cabinet as secretaries of labor. And then they stopped getting that job.... More >>

Your Money Adviser: For Workers Without Retirement Savings, State-Run I.R.A.s Can Pay Off
A Pew study found that people could use the money in their state accounts to delay taking Social Security benefits. That would lead to higher federal payments.... More >>

Wealth Matters: An E.R. That Treats You Like a V.I.P.
Concierge emergency rooms offer faster treatment and personal care to those who can afford it. Some will even walk your dog.... More >>

Wells Fargo Pays $1 Billion to Federal Regulators
The fines against the bank settle investigations into its lending practices. They are the biggest bank penalties imposed under the Trump administration.... More >>



Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR


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