An Hours-Long Customs Outage Across the US Leaves Travelers Up in Arms
Major airports across the U.S. saw long lines, packed waiting areas and grumbling passengers on Monday, as a nationwide system crash at Customs and Border Protection (CBP) caused extended delays right as the holiday season was drawing to a close. The Associated Press reports that “a processing system outage” was to blame for the delay. NBC News reports that the “technological disruption” started at 5 p.m. ET, and continued for about four hours, according to the CBP, before systems were restor..>> view original(LEAD) Seoul stocks gain, led by Samsung Electronics, foreign buying
(ATTN: AMENDS para 7 to show that Samsung Electronics closed at an all-time high; ADDS bond yields at bottom) SEOUL, Jan. 3 (Yonhap) -- South Korean stocks rose Tuesday as Samsung Electronics continued to advance on expectations of better earnings, supported by foreign investors buying shares. The Korean won gained against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose 17.81 points, or 0.88 percent, to close at 2,043.97. Trade volume was moderate at 265 milli..>> view originalPound Drop Boosts U.K. Manufacturing, Pushes Up Factories' Costs
U.K. manufacturing grew at the fastest pace in 2 1/2 years in December, helped by the pound’s depreciation since the vote to leave the European Union.After dipping sharply in the wake of the Brexit referendum -- dropping below the key 50 level in July -- the IHS Markit Purchasing Managers Index has since recovered strongly and was at 56.1 last month. That’s up from 53.6 in November and marks the highest level since June 2014. It also beat the median forecast of economists in a Bloomberg News su..>> view originalTrump golf club shows pitfalls of first franchise presidency
Photo: Kamran Jebreili, AP In this Tuesday, Dec. 20, 2016 photo, a flag flies on a green lined with villas at the Trump International Golf Club, in Dubai, United Arab Emirates. The 18-hole golf course in Dubai bearing Donald Trump’s name exemplifies the questions surrounding his international business interests. The course will open in February 2017 in the United Arab Emirates, but concerns about secu..>> view originalFinland launches two-year experiment in basic income for the unemployed
The centuries-old concept of universal basic income (in which states provide citizens with money regardless of how much they work) continues to spark interest around the world, with Finland the latest country to experiment with a limited form of the ...>> view originalChina gets tough on smog offenders
The move comes as large swaths of the country are blanketed in dangerous, thick smog. Some 24 cities issued the first "red alerts" for pollution of 2017 on Tuesday, according to Xinhua.Red alerts are the highest of the four-tiered pollution warning system used by mainland China. Authorities often take steps to limit smog, like banning high-polluting vehicles from the road, when red alerts are in effect.China has taken significant steps to tackle pollution and climate change in recent years, from..>> view originalTwitter China Chief Kathy Chen Departs
BEIJING—Twitter Inc.’s controversial China chief has departed after only eight months, the latest executive to leave amid a global reorganization. A stream of executives has left the company since it announced layoffs in October amid continued losses. Profitability has long been a challenge for the popular social network and its revenue growth...>> view originalEuropean markets higher on positive data; French inflation hits 2-year high
Dollar, global stocks firm as 2017 trading starts in earnest
LONDON Upbeat data from China helped lift global markets as 2017 trading started in earnest on Tuesday, with the dollar notching its biggest gain in three weeks, oil on a tear and European stocks setting a one-year high.Base metal prices and bond yields also advanced, as the better-than-expected factory growth in China dovetailed with higher inflation data in Europe to give investors a solid start to the new year.Much of Europe had been open on Monday but it was the first day back for its bigg..>> view originalAsia Pacific|China Begins to Ease Its 2000-Year-Old Monopoly on Salt
BEIJING — China has started an overhaul of its salt industry, easing a monopoly that has existed in some form for more than 2,000 years and predates the Great Wall.New regulations went into effect at the start of this year. Under a plan published by China's State Council last year, government regulators will allow private companies to enter the salt market. Existing wholesalers will be allowed to operate outside their previously designated areas, run marketing campaigns and introduce "modern w..>> view original
Friday, February 10, 2017
An Hours-Long Customs Outage Across the US Leaves Travelers Up in Arms and other top stories.
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