International Monetary Fund

IMF Suspends Work with Venezuela over Distrust of Maduro Economic Data

The International Monetary Fund (IMF), of which the U.S. is the dominant stakeholder, confirmed on Thursday it had suspended its work with the anti-American socialist regime of Nicolás Maduro since the end of January due to the South American nation’s financial woes and deteriorating political and humanitarian conditions.

The move comes as President Nicolás Maduro (pictured) has clamped down on political opposition and consolidated power in his government’s hands. | Federico Parra/AFP/Getty Images.

Apple CEO Tim Cook Argues for Globalization

Apple CEO Tim Cook, declaring that globalization is “great for the world,” announced at the China Development Forum 2017 last week that the company will spend $507 million to open two additional research centers in the People’s Republic of China.

Apple CEO Tim Cook has announced plans to build an app design facility in the southern Indian city of Bangalore