Business

Vermont will pay you $10K to move there - but there’s a catch

Vermont will pay you $10K to move there - but there’s a catch

A new bill signed into law Wednesday will pay remote workers $5,000 a year for two years to make the Green Mountain State their home, as long as their employer is based somewhere else. The bill, signed by Vermont governor Phil Scott, has budgeted grants for almost 100 new remote workers in the first three years of the program, and 20 additional workers per year for every year after.


Asian shares fall sharply as Italian crisis hits world markets

Asian shares fall sharply as Italian crisis hits world markets

E-Mini futures for the S&P500 also gave up early gains to be down 0.5 per cent. The euro dropped below the $1.16 line for the first time in 6-1/2 months, down 0.3 per cent on the day. The reports indicate that planning for the summit, initially scheduled for June 12, is moving ahead after President Donald Trump called it off last week.


Canada's Trudeau blasts

Canada's Trudeau blasts "totally unacceptable" Trump tariffs, announces counter-tariffs

A list of countermeasures would include tariffs on us metals and food products such as yogurt, pizza and cucumbers, as well as household products like mattresses and refrigerators. Canada's softwood lumber sector has been dealing with the latest USA tariffs to hit the industry for almost a year, handing over more than $200 million in 2017 to cover duties of about 20 per cent of the value of all exports.


OECD: Trade war risks imperil economic upswing

OECD: Trade war risks imperil economic upswing

The growth prospects in developing countries appear solid but at different speed patterns, it added. The growth of Slovenia's GDP is expected to slow down to 3.9% in 2019, which is nevertheless an upgrade compared to the OECD's previous forecast for Slovenia for next year (3.4%).



Shares of Deutsche Bank fall on report of Fed downgrade

Shares of Deutsche Bank are down more 7 percent on a report that Federal Reserve downgraded the German bank's USA business to "troubled condition" about a year ago. The negative news flow prompted Sewing, who only succeeded John Cryan as CEO of Deutsche in April , to address staff in a letter published on the bank's website .


Trump hits Canada, Mexico, EU with steel and aluminum tariffs

Trump hits Canada, Mexico, EU with steel and aluminum tariffs

FILE - U.S. President Donald Trump is after signing a proclamation to establish tariffs on imports of steel and aluminum at the White House in Washington, U.S., March 8, 2018. Germany, meanwhile, would continue to stand up for free trade around the world, he said. The government of Theresa May had pinned post-Brexit hopes on securing a trade deal with the US, and the imposition of tariffs on steel is adding to fears that negotiating a quick trade liberalization agreement with Trump ...