Tag: United States

United States
Monday, May 2nd 2016 - 08:39 UTC

“Adonia”, the first US cruise vessel in fifty years to dock in Havana on Monday

“Making history and preparing for an even more positive future for everyone is the greatest of honors any company can have,” said Carnival CEO Arnold Donald

The first US cruise ship bound for Cuba in half a century set sail from Florida on Sunday, marking a new milestone in the rapprochement between Washington and Havana. The Adonia, a vessel from the Carnival cruise's Fathom line, raised its anchors and departed from Miami, the heart of the Cuban diaspora in the United States, around 4:00 pm.

Thursday, April 28th 2016 - 07:22 UTC

Fed leaves rates unchanged; expectations over an increase move to June

The Fed said labor market conditions have improved further since its interest rate decision in March, “even as growth in economic activity appears to have slowed.”

The U.S. Federal Reserve did what many expected on Wednesday as it left its key interest rate range unchanged. The central bank maintained its overnight lending rate for banks at a target range of between 0.25 and 0.50% where it has been since it was boosted from near zero back in December. Expectations now have moved to the two-day meeting on 14/15 June.

Sunday, April 24th 2016 - 09:03 UTC

Anti/slavery crusader Harriet Tubman will command the $20 dollar bill

Tubman was born a slave and helped hundreds of slaves escape using the Underground Railroad

Anti-slavery crusader Harriet Tubman will become the first African-American to be featured on the face of US paper currency when she replaces President Andrew Jackson on the $20 bill. She will also be the first woman on US paper currency in more than a century.

Sunday, April 24th 2016 - 08:26 UTC

International major effort to cooperate on tax issues and halt evasion and elusion

The Panama Papers could create a rare moment to break down secrecy, Robert Stack, a US Treasury Department deputy assistant secretary, said in New York.

The International Monetary Fund and the World Bank are joining forces with other international organizations to cooperate on tax issues and develop new tools and standards to halt tax base erosion and evasion.

Saturday, April 23rd 2016 - 07:33 UTC

As your friend, let me say that the EU makes Britain even greater

I realise that there’s been considerable speculation, about the timing of my visit. And I confess: I do want to wish Her Majesty a happy birthday in person.

By Barack Obama, President of the United States - In 1939, President Franklin D Roosevelt offered a toast to King George VI in the White House. “I am persuaded that the greatest single contribution our two countries have been enabled to make to civilisation, and to the welfare of peoples throughout the world,” he said, “is the example we have jointly set by our manner of conducting relations between our two nations.”

Friday, April 22nd 2016 - 15:51 UTC

Carnival cruise to Havana triggers controversy with Cuban/Americans who allege discrimination

Marty is part of a class-action lawsuit claiming that Carnival is discriminating against Cuban-Americans looking to travel to their homeland.

A federal lawsuit is claiming that Carnival Corporation is discriminating against Cuban-Americans who weren’t allowed to book tickets on a cruise to the Castro brothers dominated country. CNN reports that when Carnival announced plans for a cruise ship from its Fathom line to sail from Miami to Havana in May, Francisco Marty jumped at the opportunity to surprise his children with a trip back to their native land.

Friday, April 15th 2016 - 09:04 UTC

US regulators reject “too big to fall” banks proposals in case of another major 'blackout'

FDIC and the Federal Reserve board jointly rejected the banks' plans. If they fail to come up with improved plans they could face “more stringent” requirements.

US regulators have rejected the plans of five big US banks for closing their operations in the event of a crisis. Banks labeled “too big to fail” must have a so called “living will” that would allow them to close down without the help of public money. Bank of America, Bank of New York Mellon, JPMorgan Chase, State Street and Wells Fargo have until 1 October to submit improved plans.

Friday, April 15th 2016 - 08:47 UTC

US cautions Caribbean BOTs about whom they give their passports

Under the CIP Antigua and Barbuda, St. Kitts and Nevis and Dominica, foreign nationals are granted citizenship in exchange for a substantial investment

The United States Government has cautioned Caribbean countries offering a Citizenship by Investment Program (CIP) to be extra cautious about who they give their passports to, and ensure that recipients have no terrorist or crime links. It gave the advice, in a statement issued by the US Embassy in Barbados, even as it made it that it was not advising regional countries on whether or not they should offer economic citizenship.

Saturday, April 9th 2016 - 14:59 UTC

Panama Papers: EU warning; questions why no US or German prominent names have surfaced

“People are fed up with these outrages,” said Pierre Moscovici, who heads financial affairs for the 28-nation EU.

A European Union official threatened to sanction Panama and other nations if they don’t cooperate fully to fight money laundering and tax evasion, after a leak of data showed the small country remains a key destination for people who want to hide money.

Wednesday, April 6th 2016 - 07:57 UTC

Obama on Panama Papers: “a lot of it is legal, but that's exactly the problem”

“A lot of it is legal, but that’s exactly the problem. It’s not that they’re breaking the laws, it’s that the laws are so poorly designed.”

United States President Obama hailed new Treasury Department rules cracking down on corporate tax inversions Tuesday, calling the practice of merging with a foreign company to escape U.S. taxes “one of the most insidious tax loopholes out there.”

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