• Weak Jobs, Consumer Activity Hint at Weakening American Economy

    A disappointing increase in job openings and a poor increase in consumer credit indicate Americans are increasingly struggling to make ends meet.  In April, consumer credit rose just $13.4 billion, far below the $18 billion expected and less than half of March’s $28.4 billion, according to new data released by the Federal Reserve.

    Analyst expectations of sharply increasing consumer credit usage were based on previous data that showed strong retail sales, which is often financed by credit cards.

  • Kenyan Government Bans Political Protests: Opposition Will Defy Decree

    CORD, an organization helmed by opposition leader, Raila Odinga, intends to negate an official mandate banning protests after demonstrations have resulted in damaged property and loss of life, according to Reuters.

    Rallies have occurred each Monday since April as demonstrators object to the electoral commission’s alleged favoritism toward incumbent President, Uhuru Kenyatta. Kenyan elections take place on August 2017.

  • ICC: Singapore Top Destination for International Arbitration in Asia

    The International Chamber of Commerce (ICC) Court of Arbitration released a list of its top destinations for international arbitration. With the growing economic importance of Asia, it is no wonder that an Asian nation has risen to the top of the rankings. Singapore has taken the fourth seat on the list of most chosen arbitration venues overall, and first in Asia. This is the tenth consecutive year the nation has been in the top five.

  • Formula One Urged to Decry Azerbaijan’s Human Rights Record

    Sport for Rights, an organization that highlights human rights abuses in Azerbaijan, has urged Formula One to speak out against transgressions committed by the state, according to The Guardian. Azerbaijan has a track record of detaining journalists and political dissidents, among other violations. Azerbaijan is set to host the Formula One race on June 19.

  • UK Sees Economic Bright Spot

    A small improvement in manufacturing in the UK surprised economists, as the country looks at its economic future in the European Union.  The most recent Markit Purchasing Managers Index for services (PMI) rose to 53.5, a sharp increase from the prior month. The data stunned economists, who had expected a much weaker reading.