Economy

Britain Targets Global Corruption With Law to Seize Unexplained Wealth

LONDON —  Politicians, public figures and criminals suspected of buying property with corrupt money will be forced to explain their wealth or see their assets seized under new legislation that has come into force in Britain this month. The so-called Unexplained Wealth Orders (UWOs) have been welcomed by campaigners, who …

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China’s January Exports, Imports Surge; US Trade Deficit Grows

BEIJING —  China’s export growth accelerated in January amid mounting trade tension with Washington while imports surged as factories stocked up ahead of the Lunar New Year holiday. Exports rose 11.1 percent compared with a year earlier to $200.5 billion, up from December’s 10.9 percent growth, trade data showed Thursday. …

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Make Latin America’s Farmers More Tech-Savvy to Stop Urban Drift 

TEPIC, MEXICO —  Latin American agriculture needs to become more technologically savvy and be rebranded as a source of jobs, in a bid to improve the lives of small-scale farmers and stop the drift toward cities, a senior agricultural official said. Combining smart technology with ancient methods may also help …

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Bitcoin price falls below $6,000; half its value lost in 2018 – National

Bitcoin slid another 13 per cent to below USD $6,000 on Tuesday, bringing the world’s best-known cryptocurrency’s losses to more than half since the start of 2018. READ MORE: Is Bitcoin a bubble that’s about to burst? Economists say ‘yes,’ crypto experts say ‘no’ Bitcoin has fallen heavily in recent …

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Britain Buys Into China’s ‘One Belt’ Initiative, but Washington Offers Warning

Britain has made clear its desire to be part of China’s so-called ‘One Belt One Road Initiative’ — a cornerstone of President Xi Jinping’s vision to boost Chinese investment and influence across Asia, Europe and Africa. There are, however, concerns over the financial and humanitarian costs of the vast infrastructure …

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