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Mexico ready to retaliate by hurting American corn farmers
Mexico is ready to hit the U.S. where it hurts: Corn. Mexico is one of the top buyers of American corn in the world today. And Mexican senator Armando Rios Piter, who leads a congressional committee on foreign relations, says he will introduce a bill this week where Mexico will buy corn from Brazil and Argentina instead of the United States. It's one of the first signs of potential concrete…
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Will the next iPhone charge wirelessly?
You may never have to plug in your iPhone again. Apple has joined an industry group devoted to wireless charging, strengthening existing rumors that the next iPhone will charge without a cord. The Wireless Power Consortium, which is made up of some 200 organizations that promote a single wireless charging standard, confirmed to CNNTech that Apple joined the group last week. IPhone rumors swirl months before each new version is…
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How ‘America First’ could turn into ‘India First’
America is great because of its willingness to accept talented immigrants. That's what Nandan Nilekani, the billionaire co-founder of Infosys Technologies, would tell President Trump if he had the opportunity. "If you really want to keep the U.S. ... globally competitive, you should be open to overseas talent," Nilekani said on the sidelines of CNN's Asia Business Forum in Bangalore. Infosys (INFY) is India's second-largest outsourcing firm, and a major…
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Swiss voters reject corporate tax overhaul
Voters in Switzerland have shocked the political establishment by rejecting a reform plan that would have brought the country's corporate tax system in line with international norms. The tax reforms, which were widely supported by the business community, would have removed a set of special low-tax privileges that had encouraged many multinational companies to set up shop in Switzerland. Experts say the future of Switzerland's tax system is now unclear.…
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Stocks hit record again. But is Trump the reason?
The Dow, S&P 500, Nasdaq and Russell 2000 each hit new all-time highs Monday. Investors are giddy with excitement and they clearly believe that both big blue chip multinationals and smaller companies that do most of their business in the U.S. will continue to thrive. So is this the Donald Trump rally? Or the Janet Yellen rally? Some strategists believe Trump's stimulus plans and talk of killing many burdensome regulations…