Bangladesh will extend an agreement to protect garment workers drawn up in the wake of the Rana Plaza disaster and embed it into national regulations, promising more stringent safety checks for its 4 million apparel workers, a labor union said. Poor working conditions and low wages have long been a …
your ad hereKushner Partner All But Kills Plan for Fifth Ave Skyscraper
A grand plan once spearheaded by Jared Kushner to rescue the biggest deal in his career by razing a Fifth Avenue skyscraper and building luxury apartments in its place is all but dead, the co-owner of the building said Tuesday. The comments from Vornado Realty Trust CEO Steven Roth suggest …
your ad hereEurozone Recovery Helps Unemployment Fall to Near 9-Year Low
Official figures show that the robust economic recovery across the 19-country eurozone persisted during the third quarter, helping unemployment fall to a near 9-year low. Eurostat, the European Union’s statistics agency, said Tuesday that the eurozone economy grew by 0.6 percent during the July to September period. Though that’s …
your ad hereUber Scrambles to Head Off Brazil Bill Regulating Ride Software
Hundreds of drivers for the internet based ride-hailing firm Uber drove through Brazil’s largest cities on Monday to protest legislation that would turn them into regular taxi drivers subject to the same local licensing and taxation rules. The chief executive of Uber Technologies Inc, Dara Khosrowshahi, arrived in Brazil to …
your ad hereArgentina’s Macri Vows to Pursue Tax, Labor, Pension Reforms
Argentina’s President Mauricio Macri vowed to press ahead with reforms to the country’s tax, labor and retirement systems in a speech on Monday, a week after his “Let’s Change” coalition swept to victory at the polls in midterm elections. The government will present a tax reform proposal this Tuesday or …
your ad hereChile’s Pinera Says Spending Plan Would Cost $14 Billion
Chile’s frontrunning center-right presidential candidate, Sebastian Pinera, on Monday unveiled a $14 billion, four-year spending plan focused on proposed reforms to the country’s tax and pension systems and new investments in infrastructure and hospitals. The former president, who governed from 2010 to 2014, said he would pay for his proposals …
your ad hereAzerbaijan, Georgia, Turkey Launch ‘Silk Road’ Rail Link
The leaders of Azerbaijan, Turkey and Georgia launched an 826-km (500-mile) rail link connecting the three countries on Monday, establishing a freight and passenger link between Europe and China that bypasses Russia. The line, which includes 105 km of new track, will have the capacity to transport one million passengers …
your ad hereAfrican Development Bank Calls Off Proposed Loans to Nigeria
The African Development Bank has called off a loan to Nigeria that would have helped fund the country’s budget, instead redirecting the money to specific projects, a vice president at the lender said on Monday. The African Development Bank had been in talks with Nigeria for around a year to …
your ad hereTrump Expected to Nominate Powell for Fed Chair
U.S. President is expected to nominate Federal Reserve Governor Jerome Powell as the next chairman of the central bank, senior administration officials said Monday. Powell is a Republican centrist who appears inclined to continue the Fed’s strategy of gradual interest rate hikes. But officials say Trump hasn’t made up his …
your ad hereBlockchain Technology Could Unblock Southeast Asia
Imagine you could swipe your phone over a piece of fish in the supermarket and instantly see secure records of its entire path through the supply chain, from the technique used by the fisherman who caught it in Indonesia to when it was shipped and how it was processed at …
your ad hereIndia’s New Afghan Trade Route Via Iran, Bypasses Pakistan
Opening a new trade route to Afghanistan that bypasses Pakistan, India has dispatched its first consignment of wheat to the war torn country via the Iranian port of Chabahar. The strategic sea route is a significant step in bolstering trade with Kabul that has been hampered because rival Pakistan does …
your ad hereTrump Tax Overhaul Under Intensifying Fire as Congress Readies Bill
President Donald Trump’s plan for overhauling the U.S. tax system faced growing opposition from interest groups on Sunday, as Republicans prepare to unveil sweeping legislation that could eliminate some of the most popular tax breaks to help pay for lower taxes. Republicans who control the U.S. House of Representatives will …
your ad hereFor Spanish, Catalan Economies, No Winners in Standoff
Xavier Gabriel can take some credit if the tiny Catalan mountain town of Sort is one of the most famous in Spain. He runs a lottery shop called La Bruja de Oro, or The Golden Witch, in a town whose name, aptly, means “Luck” in Catalan. Its fortune in having …
your ad hereOn Climate Change, It’s Trump vs. Markets
At the 2015 Paris summit, world leaders pledged to take steps to avoid catastrophic climate change. This November in Bonn, Germany, U.N. negotiators will be back, working out the details of how to cut emissions of planet-warming gases. It is the first conference since President Donald Trump said the United …
your ad hereArtisans in Mali Hope to Bring Back an Ancient Fabric Style
Artisans in Mali are hoping that Bogolan, a traditional cotton fabric, will continue to fascinate Western fashion designers and provide jobs at home. VOA’s Teffera Girma Teffera and Bagassi Koura visited a small neighborhood in central Bamako where artisans are hard at work. Salem Solomon narrates. …
your ad hereWeirdness, Few Tourists, Return to Key West After Irma
Things are weird, as usual, in Key West. A pair of Vikings push a stroller full of stuffed chimps down Duval Street. A man with a ponytail swallows a steel sword. People dressed only in body paint and glitter wander and jiggle from bar to bar. Fantasy Fest, one of …
your ad hereUS Economy Expands at 3 Percent Rate in Third Quarter
The U.S. economy expanded at a three percent annual pace in July, August and September, about the same pace as the prior quarter. Friday’s Commerce Department data surprised economists, who thought damage from two hurricanes would cut growth to a lower level. The data show the world’s largest economy is …
your ad hereWho Will Be the Next Fed Chief?
President Trump says he is “very close” to picking a person for the most important economic post in the country: the head of the US Federal Reserve. Current Chair Janet Yellen, whose term expires early next year, is one of at least five candidates under consideration. Regardless of the president’s …
your ad hereGreater Scrutiny Set for Nonimmigrant Work Visa Renewals
The United States has announced changes to its nonimmigrant work visa policies that are expected to make renewals more difficult. In the past, U.S. Citizenship and Immigration Services would generally approve the renewals unless the visa holder had committed a crime. Now, renewals will face the same scrutiny as the …
your ad hereTrump Ponders New Head for Federal Reserve
President Donald Trump says he is “very close” to picking a person for the most important economic post in the United States, the head of the Federal Reserve. Current Chair Janet Yellen’s term expires early next year and she is one of at least five candidates for the job. Besides …
your ad hereN. Korean Debt to Sweden Remains Unpaid After Four Decades
More than four decades after selling 1,000 Volvos to North Korea, Sweden is still trying to get paid for the cars. The vehicles were part of a $131 million trade package delivered to North Korea in 1974, during a period of openness. But Pyongyang never paid anything on the deal, …
your ad hereUS House of Representatives Approves a $4T Fiscal 2018 Bill
The U.S. House of Representatives Thursday approved a $4 trillion fiscal 2018 budget blueprint, a major step forward toward the introduction of a Republican tax cut bill. The measure narrowly passed (216-212) despite last-minute resistance from the ranks of Republicans. House passage makes enactment of an eventual tax bill more …
your ad hereA Tale of Tesla Seats Hints at Why So Few Cars Built
Elon Musk was fed up. The seats on Tesla Inc’s new Model X SUV were a mess. An outside contractor was having trouble executing the complicated design, spurring frustration and finger-pointing between Tesla and its supplier. How would Tesla ever pull off mass production of the upcoming Model 3, the …
your ad hereIvanka Trump Promotes Expansion of Child Tax Credit at Capitol
Ivanka Trump teamed up Wednesday with Republican legislators to try to ensure the tax overhaul package under construction on Capitol Hill includes an expansion of the child tax credit. The White House adviser and presidential daughter, appearing at a Capitol Hill news conference with GOP lawmakers, framed the tax credit …
your ad hereAusterity to Hit Jordan as Debt Spikes, Economy Slows
Jordan’s high and rising public debt has worried the International Monetary Fund and prompted a downgrade from Standard & Poor’s. So the government is planning a blast of austerity by year-end. Tax hikes and subsidy cuts —- likely to be highly unpopular —- are on the agenda as the country’s …
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