Economy

Disney to Buy Fox Film, TV Businesses for $52 Billion

Walt Disney Co on Thursday agreed to buy film, TV and international assets from Rupert Murdoch’s Twenty-First Century Fox Inc for $52.4 billion as Disney seeks greater scale to tackle growing competition from Netflix and Amazon.com. Under the terms of the all-stock deal, Disney acquires significant assets from Fox, including …

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Anti-pipeline Group Goes Back to Work Against Keystone XL

SEWARD, NEBRASKA —  Nebraska’s main anti-pipeline group is trying to rally opposition to the TransCanada Corp’s Keystone XL project’s recently approved route through the state, tracking down landowners it says were not given a voice in the regulatory process. If it succeeds, Bold Nebraska could throw up new roadblocks to …

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US, EU, Japan slam market distortion in swipe at China

BUENOS AIRES —  The United States, European Union and Japan vowed Tuesday to work together to fight market-distorting trade practices and policies that have fueled excess production capacity, naming several key features of China’s economic system. In a joint statement that did not single out China or any other country, …

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Silicon Valley Job Fair Caters to New Immigrants, Refugees

SAN FRANCISCO —  Khaled Turkmani fled Syria and traveled through five countries before he ended up in San Francisco. He immediately began to look for work in the technology industry. Despite his degree in computer science, Turkmani spent nine months working at “survival jobs” – selling shoes and assembling furniture. …

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Ford to Test New Self-driving Vehicle Technology in 2018

DETROIT —  Ford Motor Co will begin testing its latest self-driving vehicle technology next year in at least one city but has not changed its plan to begin commercial production until 2021, the company said. The automaker said on Thursday that it would test self-driving prototypes in various pilot programs …

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Zimbabwean Business Forum Doubles Efforts to Lure Investors

JOHANNESBURG —  Since taking office last month, Zimbabwe President Emmerson Mnangagwa has put economic revival at the center of his administration. He has gone a step further to state his resolve to re-engage the international community that had long been disengaged by former president Robert Mugabe’s regime. The South African …

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Uzbekistan Seeks Eventual Sea Access With Afghan Railway Deal

TASHKENT, UZBEKISTAN —  Uzbekistan and Afghanistan signed an agreement Tuesday to extend a railroad connecting the two countries in a move that may eventually give Uzbekistan a direct link to seaports. Landlocked Uzbekistan’s access to marine shipping is very limited. In 2011, the Uzbek state railway company, Ozbekiston Temir Yollari, …

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Venezuela to Launch Cryptocurrency to Fight U.S. Sanctions

Venezuelan President Nicolas Maduro says his government will launch a cryptocurrency (digital currency) to circumvent what he called a financial “blockade” by the U.S. government. The new currency will be called the “petro,” the leftist leader said in his TV address Sunday, and will be backed by the socialist-run, OPEC …

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