Scandal involving Brazil president-elect’s son clouds inauguration

A lingering scandal involving Brazilian President-elect Jair Bolsonaro’s son has soured his inauguration next week and tarnished the reputation of a far-right maverick who surged to victory on a vow to end years of political horsetrading. source

Israeli ex-general, polling closest to Netanyahu, joins 2019 election race

A former Israeli armed forces chief who opinion polls show poses the toughest challenge to Prime Minister Benjamin Netanyahu’s bid for reelection next year formally established a political party on Thursday. source

BREAKING NEWS: Major Pet Food Brand Extends Recall For Dog and Cat Food Due To Contamination

Columbia River Natural Pet Foods of Vancouver, WA is extending its recent recall to include additional dog and cat food due to possible Salmonella and Listeria monocytogenes contamination. No confirmed illness have been reported at this time. The recall is a result of routine sampling that was performed by Washington State Department of Agriculture . […]

China releases details of new law on foreign investment ahead of trade talks with US

Beijing has vowed to ensure equal treatment and intellectual property protection for overseas firms operating in China, according to the full text of its draft foreign investment law – its latest move to address long-standing complaints. The draft law includes a widely anticipated ban on mandatory technology transfers from foreign companies and encourages tech cooperation […]

How US trade war could leave Chinese private firms at risk of being ‘taxed to death’

Chinese entrepreneur Lee Teng shut down his company last year, overwhelmed by his tax burden. In mid 2016, China replaced its business tax with a value-added tax (VAT) across all industries. Even though the adjustment was intended to reduce the overall tax burden on companies, the effective tax rate on Teng’s Beijing-based firm rose a […]

Taiwan presidency in KMT Eric Chu’s sights but it’s a long way to 2020

Taiwan’s Kuomintang bigwig Eric Chu has announced his intention to run for president in 2020, but analysts believe there are at least five major hurdles in his way. Chu, 57, stepped down as mayor of New Taipei City on Tuesday, after serving the maximum two four-year terms, and said he would immediately begin an island-wide […]

The Moneyist: I want to marry my boyfriend, but he has $25,000 in credit-card debt and leads a financially reckless lifestyle

This woman feels caught between her love for her boyfriend and his love for buying stuff on credit. source

Economic Report: Americans’ confidence in the economy falls again and is at lowest level since summer

The confidence Americans feel in the economy fell for the second month in a row and touched the lowest level since last summer, perhaps a sign that worries about the nine-and-a-half year-old U.S. expansion have spread from Wall Street to main street. source

The Wall Street Journal: In booming Permian Basin oil patch, natural gas is sometimes given away

American energy companies have spent billions of dollars in the past decade exploring for natural gas. But in parts of Texas and New Mexico, there is now so much of it that it is sometimes worthless. source