Pacific trade talks hinge on pharma protections as deadline nears The issue pits the United States, which argues for longer protections to encourage innovation, against Australia and five other delegations who say such measures would strain national healthcare budgets and keep life-saving medicines from patients who cannot afford them. Japan's Kyodo news agency reported on Sunday that the United States and Australia...
Hip hotels get boost from crowdfunding Crowdfunding, which made possible both the Pebble smartwatch and the Oculus Rift virtual reality system, is now becoming a trend in the hotel space.
| By: Harriet Baskas, Special to CNBC
Majority of EU nations seek opt-out from growing GM crops BRUSSELS, Oct 4- Nineteen EU member states have requested opt-outs for all or part of their territory from cultivation of a Monsanto genetically-modified crop, which is authorised to be grown in the European Union, the European Commission said on Sunday. Although widely grown in the Americas and Asia, public opposition is strong in Europe and...
Federal court: Intent matters in migratory-bird deaths Doesn't matter how, why or when; that's historically been the government's interpretation, "said Barry Hartman of K&L Gates, a Washington law firm that represents Duke Energy Corp." And what the court is saying is that interpretation doesn't extend to unintentional takes. " The U.S. Fish and Wildlife Service has maintained that no intent is required to violate the...
Source: The Associated Press
| By: By EMILY SCHMALL, Associated Press
UPDATE 1-Nigeria to ease foreign currency restrictions in the long term -VP ABUJA, Oct 4- Nigeria will keep its restrictions on foreign currency for now to preserve the country's currency reserves amid plunging oil revenues, but will eventually relax them, the country's vice president said. Nigeria's manufacturing industry body has warned that some companies might be forced to close plants because they could no longer import raw...
| By: Felix Onuah
Ethiopia aims to grow tourism threefold in five years - minister ADDIS ABABA, Oct 4- Ethiopia aims to triple its number of foreign visitors to more than 2.5 million by 2020, making tourism a pillar of one of Africa's fastest-growing economies. Though lacking the palm-fringed beaches and safari trails of neighbouring Kenya and Tanzania, the Horn of Africa country boasts magnificent terrain and a fascinating imperial past.
| By: Aaron Maasho
UPDATE 1-U.S. auto union, Ford avert strike at pickup factory DETROIT, Oct 3- The United Auto Workers union and Ford Motor Co. said they have averted a strike at a factory in Kansas City, Mo. that builds the company's best-selling F-150 pickup trucks. Settles said last week the Union local in Kansas City, representing about 7,000 workers, had been unable to resolve differences over seniority, staffing and safety issues.
UPDATE 2-U.S. a long way from 'macroprudential' safeguards -Fed's Dudley BOSTON, Oct 3- The United States is a long way from putting in place rules that will protect the financial system and the economy from broad risks, due in part to regulatory structure and to the difficulties of predicting the next crisis, a top Federal Reserve official said on Saturday. New York Fed President William Dudley, an influential Wall Street supervisor,...
| By: Jonathan Spicer
Paycheck mystery: More jobs and fewer people but limp raises WASHINGTON- Companies have posted a record number of job openings just when a diminished proportion of Americans are either working or looking for work. That combination ought to push up pay. Yet it hasn't worked out that way, at least not yet.
Source: The Associated Press
| By: By CHRISTOPHER S. RUGABER, AP Economics Writer