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Yahoo

World - U.S. blacklists North Korea shipping firms over arms shipments


The United States on Wednesday blacklisted two North Korean shipping firms that it said tried to conceal arms shipments from Cuba to North Korea, following a similar move by the United Nations. The ship, Chong Chon Gang, was discovered last July near the Panama Canal hiding a large amount of arms, including two MiG-21 jet fighters under 200,000 bags of sugar, which the United States said showed a clear attempt to circumvent U.N. and U.S. sanctions against North Korea. North Korea is under an array of sanctions for nuclear and ballistic missile tests since 2006 in defiance of global demands to stop. `The Chong Chon Gang episode, in which (North Korea) tried to hide an arms shipment under tons of sugar, is a perfect example of North Korea`s deceptive activity, and precisely the sort of conduct that we are committed to disrupting,` David Cohen, the U.S. Treasury Department`s undersecretary for terrorism and financial intelligence, said in a statement.


Wednesday, July 30, 2014  19:00

Yahoo

Business - A more vigorous US economy appears to be emerging


WASHINGTON (AP) — The U.S. economy has rebounded with vigor from a grim start to 2014 and should show renewed strength into next year.


Wednesday, July 30, 2014  17:53

Yahoo

Business - Wall Street up on GDP data; Twitter has biggest jump ever


Gross domestic product grew at a 4 percent annual rate in the second quarter, above the 3 percent rate that had been expected and a sharp reversal from the weather-impacted first quarter, when the economy contracted a revised 2.1 percent. Twitter Inc surged on heavy volume, jumping 25 percent to $48.25 in its biggest one-day advance ever after reporting that monthly active users had risen a better-than-expected 24 percent in the second quarter. In this rate environment, the market isn`t expensive and we`re still finding good values,` said Gary Bradshaw, portfolio manager at Hodges Capital Management in Dallas. Market participants shrugged off the ADP National Employment Report, which showed companies hired 218,000 workers in July, a level that was below analysts` projections and was also down from June.


Wednesday, July 30, 2014  15:25

Yahoo

Business - U.S. economy bounces back in second quarter


By Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth accelerated more than expected in the second quarter and the decline in output in the prior period was less steep than previously reported, bolstering views for a stronger performance in the last six months of the year. Economists had forecast the economy growing at a 3.0 percent rate in the second quarter after a previously reported 2.9 percent contraction. A separate report showing private employers added 218,000 jobs to their payrolls last month, a decline from June`s hefty gain of 281,000, did little to change perceptions the economy was strengthening. The economy grew 0.9 percent in the first half of this year and growth for 2014 as a whole could average above 2 percent.


Wednesday, July 30, 2014  15:12

Yahoo

Business - U.S. economy bounces back strongly in second quarter


By Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth accelerated more than expected in the second quarter and the decline in output in the prior period was less steep than previously reported, bolstering views for a stronger performance in the last six months of the year. Economists had forecast the economy growing at a 3.0 percent rate in the second quarter after a previously reported 2.9 percent contraction. A separate report showing private employers added 218,000 jobs to their payrolls last month, a decline from June`s hefty gain of 281,000, did little to change perceptions the economy was strengthening. The economy grew 0.9 percent in the first half of this year and growth for 2014 as a whole could average above 2 percent.


Wednesday, July 30, 2014  14:59

USATODAY

Top Stories - Study finds humble bosses are best


Research shows bombastic, egocentric leaders are not most effective.


Wednesday, July 30, 2014  14:19

CNN

World - Poll: 86% of Israelis don`t want cease-fire


A new poll released in Jerusalem shows 86 percent of the Israeli people don`t want a cease-fire until victory is achieved.


Wednesday, July 30, 2014  13:39

USATODAY

World - Hamas airs video of cross-border tunnel raid on Israeli army


Video released by Hamas appears to show militants emerging from a tunnel and attacking Israeli soldiers at an outpost near the border with Gaza. Video provided by Reuters


Wednesday, July 30, 2014  12:32

Yahoo

World - Britain to trial driverless cars from 2015


Driverless cars will be allowed on British roads from January 2015 as part of a pilot initiative in three cities, the government announced Wednesday. Business Secretary Vince Cable, outlining the plans, said British scientists and engineers were `pioneers` in the development of driverless vehicles. `Today`s announcement will see driverless cars take to our streets in less than six months, putting us at the forefront of this transformational technology and opening up new opportunities for our economy and society,` he said at the headquarters of motor industry research organisation MIRA in the West Midlands town of Nuneaton. The AA said a recent survey of more than 23,000 of its members showed that 43 percent did not agree that the law should be changed to allow trials of driverless cars.


Wednesday, July 30, 2014  12:19

Yahoo

Business - Euro zone sentiment improves, overcoming Ukraine crisis concern


By Martin Santa BRUSSELS (Reuters) - Euro zone economic sentiment unexpectedly improved in July despite the deepening crisis between the West and Russia over Ukraine, data showed on Wednesday, and inflation expectations among consumers and companies edged up. Consumer morale rose in three of the euro zone`s five biggest economies, led by Italy and followed by France and the Netherlands, while the bloc`s growth engine Germany and Spain saw sentiment worsening. The monthly economic sentiment index for the 18 countries sharing the euro rose to 102.2 in July from a revised 102.1 in June. Europe, following months of hesitations, agreed on Tuesday to broad economic sanctions on Russia - its third-biggest trading partner - targeting Moscow`s energy, banking and defence sectors over Moscow`s support for rebels in eastern Ukraine.


Wednesday, July 30, 2014  11:39

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