Monthly Archive: April 2018

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Lebanon seeks funds for troubled economy at Paris conference

BEIRUT — Lebanon hopes to secure billions of dollars for infrastructure this week at an international donor conference in Paris, as it grapples with low growth and soaring debt. Some 50 countries and international organizations are expected at the CEDRE (Cedar) conference that begins Friday, where Beirut will request up to $22 billion for an […]

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YouTube shooter’s bizarre videos key to suspected motive

MENIFEE, Calif. — Police say the videos posted by the woman who wounded three people in a shooting at YouTube headquarters are central to the motive. Police and relatives say Nasim Aghdam (na-SEEM AG-dahm) was angry with YouTube’s policies. Aghdam used the name “Nasime Sabz” online, and a website in that name decried YouTube’s policies […]

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Analysis: Wall Street’s patience with Trump has its limits

WASHINGTON — For more than a year, Wall Street has largely ignored the unpredictability and chaos that has plagued Donald Trump’s administration, confident that the businessman-turned-president’s policies would juice the economy and that a team of mainstream advisers would keep more controversial proposals at bay. Now the financial markets are showing that their patience with […]

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Troubled Chinese Insurer Receives Government Bailout

The troubled Chinese insurer that owns New York City’s Waldorf Hotel is receiving a $9.6 billion bailout from a government-run fund to shore up its finances. Regulators seized control of privately owned Anbang Insurance in February after a multibillion-dollar asset buying spree raised questions about its stability. The insurer’s founder went on trial last week on charges he defrauded investors and misused company money.

The post Troubled Chinese Insurer Receives Government Bailout appeared first on InsuranceNewsNet.

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Sanitation worker safety: Group wants penalties passed

COLUMBUS, Ohio — Fifty years after two sanitation workers’ deaths sparked a historic strike in Memphis, trash collection remains one the nation’s most dangerous jobs. The Solid Waste Association of North America says seven sanitation workers in the U.S. were killed in the first 10 days of 2018 alone. One of the biggest modern hazards […]

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Judge: Energy firms can ignore Obama-era methane waste rule

CASPER, Wyo. — A federal judge in Wyoming has ruled that energy companies don’t have to comply with a signature environmental rule from the Obama era involving methane waste. The Casper Star-Tribune reports Judge Scott Skavdahl ruled Wednesday that Bureau of Land Management regulations curbing the burning of excess gas from wells, as well as […]

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Oil spill that caused Indonesia fire was due to broken pipe

JAKARTA, Indonesia — An oil spill that caused a fire that killed five people and sickened hundreds in an Indonesian port city came from a broken pipe the state-owned energy company was using to transfer crude oil, police said Thursday. A preliminary investigation had identified the leaking substance as marine fuel oil, but East Kalimantan […]