US tech companies see shortage of skilled professionals
President Trump signed an executive order on 18 April that directs federal agencies to review employment immigration laws to promote “Hire American” policies. "The buy and hire American order I'm about to sign will protect workers and students like you," Trump told a crowd of technical students and manufacturing employees at the headquarters of Snap-On Tools, a Wisconsin-based manufacturer. Trump said the order would "aggressively promote and use American-made goods and to ensure that American labour is hired to do the job."
Riyad seeks to reach10% renewable energy in six years
Saudi Arabia's government is ordering its ministries and agencies to review billions of dollars' worth of unfinished infrastructure and economic development projects with a view to shelving or restructuring them, government sources told Reuters.
 
The carrier wants to avoid a repetition of MH370 disappearance three years ago
Malaysia Airlines became last week the first airline to sign a deal for space-based monitoring of its aircraft's flightpaths, news wires reported. The carrier is still reeling from the loss of the missing MH370 three years ago.
 
Australia tightens visa rules for foreign workers
Australia`s government decided to abolish the 457 visa programme that brings temporary foreign workers into the country.
Bangkok to ban all street food
Bangkok city administration will ban all street food by the end of 2017, local media reported last Tuesday. The move will impact all 50 districts in the Thai capital, Wanlop Suwandee, chief advisor to Bangkok's governor, told The Nation newspaper.
Japan, US agree to fight unfair trade practices
Japan and the United States agreed to structure bilateral economic talks along three policy pillars and to generate concrete results in the near term, Japan's Deputy Prime Minister Taro Aso and US Vice President Mike Pence said in a joint statement issued on 18 April after the first round of the Japan-US economic dialogue in Tokyo.
JPMorgan sells $6.9bn of student loans
The US largest bank JPMorgan Chase agreed to sell its $6.9bn portfolio of student loans to Navient, news wires reported.
US court imposes $2.6bn fine on Brazil's giant Odebrecht
A federal court in New York last Monday imposed a $2.6bn fine on Brazil's scandal-plagued construction giant Odebrecht, news wires reported.
In Brief
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IMF hikes global growth forecast despite tensions
 
The global economy is on course for its best performance in several years despite trade tensions and looming geopolitical threats, the IMF said ahead of a meeting of world finance chiefs in Washington last week. While the IMF kept its forecast pickup for US growth at 2.3% for the year - up from 1.6% last year - it notched higher outlooks for all five of Europe's largest economies. The UK's bump-up was the biggest, a 0.5 percentage point increase to 2% for the year. US growth is projected to accelerate. Europe and Japan are finally showing signs of recovery, IMF said.

Car sales across Europe hit record in March, up 11.2%
 
New car sales in the EU posted a year-on-year increase of 11.2% in March, reaching the record total of 1.89 million units. The market was buoyant in all five major EU markets, with Italy leading the way with an 18.2% jump. In Spain sales were up 12.6%, in Germany 11.4%, in Britain 8.4% and in France 7%. In the first quarter of 2017, car sales were up 8.4% compared to January-March of 2016, totalling 4.1 million vehicles. Volkswagen remained EU market leader in the quarter, but its share shrunk from 23.2% to 22.6% followed by PSA and Renault with 10% and 9.6% slices of the market.

UBS fined for delayed release of price-sensitive information
 
Swiss stock exchange SIX has fined UBS 2 million Swiss francs ($2 million) for releasing price-sensitive information too late after Switzerland's highest court said it would not consider an appeal by the bank. SIX said the fine related to UBS's announcement of a strategy change in October 2012 to scale back further in investment banking, which followed related reports in the media. "The company was not authorised to postpone the announcement while awaiting the decision of its board of directors, i.e. until the morning of 30 October 2012," SIX said on 19 April.

Russia loses $1.5bn in trade war with Turkey
 
Russia lost between $1.3bn and $1.5bn due to duties on grain supplies to Turkey, imposed in response to a ban on the import of Turkish tomatoes into Russia. Losses were calculated by experts of the Gaidar Institute and the Russian Academy of National Economy and Civil Service.  Russia imposed a food embargo against Turkey after a Turkish jet fighter shot down a Russian Su-24 bomber in November 2015 in Syria. Russia started lifting sanctions last summer, but the supply of some goods, including tomatoes, remained banned. In return, Turkey abolished the duty-free import of Russian grain in March.

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