International News

The marine industry is a global enterprise. Builders, dealers, marinas, equipment manufacturers and other businesses are found worldwide, and there are major boat shows on all continents.

Stock market declines muffle economy’s advances

Last week economy watchers appeared to have much to cheer about. Reports on housing starts and home resales in July revealed that both were at their highest levels since 2007, and consumer prices were up only slightly.

U.S.-flagged Numarine 78 docks in Cuba

Turkish performance powerboat manufacturer Numarine said its Numarine 78 Flybridge M/Y Still Water became the first U.S.-flagged yacht to cruise to Cuba since the trade embargo began in the 1960s.

Retail sales reports promise more clues to growth

After last week’s solid national employment report — 215,000 jobs created in July and an unchanged jobless rate of 5.3 percent — some economy watchers are saying the momentum on interest rates is once again swinging toward an increase by the Federal Reserve in September.

Boat parade protests Olympic sailing conditions

At least 30 boats of all sizes paraded across Rio de Janeiro’s Guanabara Bay on Saturday to protest contamination in the waters where sailing events will be held during the 2016 Olympics.

Unemployment rate unchanged at 5.3 percent

The job market continued its positive swing in July with 215,000 positions added, according to government data released Friday, providing more evidence of an economy that is slowly but steadily returning to normal.

Picasso painting seized from yacht

French authorities seized a Pablo Picasso painting from a yacht belonging to a member of a well-known Spanish banking family that was docked in Corsica.

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