The increased use of robots threatens millions of jobs in developing countries, by undermining the advantage of low wages and facilitating the reshoring of industries back to industrialized countries, according to a new policy brief from UNCTAD.
United States President elect Donald Trump has reversed course and agreed on Friday to pay US$25 million to settle a series of lawsuits stemming from his defunct for-profit education venture, Trump University, finally putting to rest fraud allegations by former students, which have dogged him for years and hampered his presidential campaign.
With a budget of 100 million dollars, construction of the 35-story building may start in June next year and be finished by 2020, it was announced by the same developers in charge of the residential project in Punta del Este under the name of next President of the United States.
Donald Trump caught the world by surprise when he emerged victorious at the United States elections, but his stay at the White House could be short-lived, according to university professor who has correctly predicted presidential poll outcomes for the last 30 years. A similar prediction has been made by journalist and filmmaker Michael Moore who also forecasted Trump's victory with weeks' anticipation.
The United States Federal Reserve chair Janet Yellen told Congress on Thursday that she is not stepping down. Her statement follows on strong attacks during the campaign from president elect Donald Trump who claimed the Fed was favoring president Barack Obama and candidate Hillary Clinton with its low interest rate policy.
iPhones might soon be made in the U.S., a result of Donald Trump’s win on Election Day, according to Nikkei Asian Review report. Hon Hai Precision Industry, also known as Foxconn Technology Group, a main Apple assembler, has allegedly been looking into the possibility of making iPhones in the United States, sources revealed to Nikkei.
Anti-Trump protests so strong and well coordinated make spontaneity unlikely to the reasoning observer who makes out that ”someone is stirring the pot because America has never traditionally had a problem with accepting the outcome of an election,” as one analyst put it.
Donald Trump is expected to use his first meeting with a foreign leader as U.S. president-elect this week to try to reassure Japanese Prime Minister Shinzo Abe and other Asian allies rattled by his campaign rhetoric, advisers to Trump said. Abe, a political blue blood and veteran lawmaker, and Trump, a brash outsider with no diplomatic or government experience, have differences on policy issues such as free trade.
Argentine President Mauricio Macri spoke with US President-elect Donald Trump, who invited him to visit him in Washington next year. Argentina is a great country, and we will have the closest relationship between our countries in history, Trump reportedly said.
Argentina is a great country and Argentina and the US will have the closest relation in history, according to the official version from the administration of president Mauricio Macri who on Monday was on the phone with president elect Donald Trump to congratulate him on his presidential victory.