The British government denied Monday that it has agreed on the amount of its European Union exit bill, after a report emerged that it plans offer the bloc 36 billion pounds ($47 billion). Britain’s outstanding tab to settle commitments it made as an EU member is one of the biggest …
your ad hereTrump Company Applies for Casino Trademark in Macau
A Trump Organization company has applied for four new trademarks in the Asian gambling hub of Macau, including one for casinos, public records show. The new applications highlight the ethical complexity of maintaining the family branding empire while Donald Trump serves as president, and are likely to stoke speculation about …
your ad hereCuba to Shut Down Fast-growing Accounting Cooperative
Cuban authorities have ordered the closure of one of the island’s fastest-growing cooperatives, days after announcing that they would stop issuing new permits for some private enterprise. Scenius, which provides accounting and business consulting services, will have until December 31 to liquidate, the cooperative’s founder and director, Luis Duenas, told …
your ad hereUK Ready to Pay Up to 40B Euros to Leave EU, Newspaper Reports
Britain is prepared to pay up to 40 billion euros ($47 billion) as part of a deal to leave the European Union, the Sunday Telegraph newspaper reported, citing three unnamed sources familiar with Britain’s negotiating strategy. The European Union has floated a figure of 60 billion euros and wants significant …
your ad hereMississippi Nissan Workers Reject Union
Supporters of the United Auto Workers say they’re not giving up their fight to unionize a Nissan auto assembly plant in Mississippi after a stinging defeat, even as UAW opponents say Friday’s loss proves workers don’t want the union. More than 62 percent of workers voting in a two-day election …
your ad hereBoosting Labor Participation Rate for Women Key to Healthy Economy
The U.S. job market exceeded expectations last month adding 209,000 new workers to the economy in July and lowering the national unemployment rate to 4.3 percent. But wages continue to underperform, as did the nation’s labor participation rate. Economists say that’s because millions of working-age Americans are choosing to remain …
your ad hereDomestic Investors Flock to Indian Stocks as Gold, Real Estate Lose Luster
Rajeev Sakhuja has kept a hectic schedule in recent months as he makes scores of presentations in Delhi and surrounding towns about why and how to invest in equities. The investment adviser has an attentive audience as traditional avenues of gold and real estate lose their luster and as stock …
your ad hereNew York Crushes Millions of Dollars’ Worth of Illegal Ivory
As many as 100 elephants are being killed every day for their tusks, according to the United Nations. The United States implemented a near-total ban on the commercial trade of African elephant ivory last year, and in New York this week, conservation groups gathered to destroy merchandise that came from …
your ad hereVolkswagen Executive Pleads Guilty in ‘Dieselgate’ Scandal
The head of German automaker Volkswagen’s engineering and environment office pleaded guilty Friday in a U.S. court to charges connected to an emissions scandal involving the company. Volkswagen executive Oliver Schmidt pleaded guilty to conspiracy and fraud charges that could land him in prison for up to seven years. He …
your ad hereUS Sees Strong Job Growth, Drop in Unemployment in July
The U.S. economy had a net gain of 209,000 jobs in July, while the unemployment rate fell slightly to 4.3 percent. That matches the lowest jobless rate in 16 years. Friday’s Labor Department report says job gains were seen in restaurants, business services and health care. The average hourly wage …
your ad hereUS Payrolls Increase More Than Expected, Wages Rise
U.S. employers hired more workers than expected in July and raised their wages, signs of labor market tightness that likely clears the way for the Federal Reserve to announce next month a plan to start shrinking its massive bond portfolio. The Labor Department said that nonfarm payrolls increased by 209,000 …
your ad hereToyota, Mazda to Build, Share New Plant in US
Japanese automakers Toyota Motor Corp. and Mazda Motor Corp. said Friday they plan to spend $1.6 billion to set up a joint-venture auto manufacturing plant in the U.S. — a move that will create up to 4,000 jobs. The plant will have an annual production capacity of about 300,000 …
your ad hereParis Olympics Aims to Regenerate Poor, Northeastern Suburbs
One of the most deprived suburbs in Paris is expected to be a big winner now the French capital is in line to host the 2024 Olympics with thousands of homes and a new swimming center to be built in Seine-Saint-Denis for the games. The poorest of France’s 101 mainland …
your ad hereSatellite Images Could Identify Slave Labor in India
Researchers in England are hoping to help root out modern-day slavery in northern India by using detailed satellite imagery to locate brick kilns — sites that are notorious for using millions of slaves, including children. A team of geospatial experts at the University of Nottingham use Google Maps and dozens …
your ad hereFrench Oysters Go on Sale in Vending Machines
In a change from chocolates and fizzy drinks, the French are starting to offer fresh oysters from vending machines in the hope of selling more of the delicacy outside business hours. One pioneer is Tony Berthelot, an oyster farmer whose automatic dispenser of live oysters on the Ile de Re …
your ad hereNigeria Peace Talks Yield Legalized Small Refineries
Nigeria will legalize illegal mini refineries in the Niger Delta oil hub by the end of the year and supply them with crude at a reasonable price, the presidency said Thursday, fulfilling a demand from community leaders. On Monday, Niger Delta leaders threatened to pull out of peace talks with …
your ad hereMexico Sees End 2018 as Best Case for Implementing New NAFTA
Under a best-case scenario, a newly negotiated North American Free Trade Agreement (NAFTA) would not be implemented before the end of next year or the start of 2019, Mexico’s economy minister said Thursday. Among other issues, NAFTA talks would focus on how to provide more certainty in dispute resolutions, Economy …
your ad hereTrump Expected to Boost Pressure on China
U.S. President Donald Trump is expected to increase pressure on China to change its trade practices and do more to stop North Korea’s weapons programs. Reports by financial news media Thursday predicted Trump will sign an order in the coming days to open an investigation of Chinese demands that foreign …
your ad hereAvon CEO McCoy to Leave Company
Avon’s CEO will leave the company in March as the struggling beauty products maker continues a turnaround campaign. Sheri McCoy has led the company for five years and sits on the board, but there has been some external pressure from activist investors for a change in leadership. Avon …
your ad hereMiners Union, Federal Officers at Odds Over Increase in US Coal Deaths
Deaths in U.S. coal mines this year have surged ahead of last year’s, and federal safety officials say workers who are new to a mine have been especially vulnerable to fatal accidents. But the nation’s coal miner’s union says the mine safety agency isn’t taking the right approach to fixing …
your ad hereKeystone XL Pipeline Survives Politics But Economics Could Plug It
The proposed Keystone XL pipeline survived nine years of protests, lawsuits and political wrangling that saw the Obama administration reject it and President Donald Trump revive it, but now the project faces the possibility of death by economics. Low oil prices and the high cost of extracting Canadian crude from …
your ad hereMore Women Starting Businesses in US
Women in the United States are starting bushiness at one and a half times the rate of their male peers. Effective entrepreneurship could help cut the economic gap between women and men, which the World Economic Forum says could otherwise take decades to close around the globe. As VOA’s Jim …
your ad hereTrump Endorses Bill to Limit Green Card Immigration
U.S. President Donald Trump has endorsed a measure that would dramatically reduce the number of low-skilled immigrants admitted to the United States, and introduce a merit-based points system. VOA White House correspondent Peter Heinlein reports. …
your ad hereTop Democrats Back Trump on China Trade Probe
Three top Democratic senators, in a rare show of bipartisanship, on Wednesday urged U.S. President Donald Trump to stand up to China as he prepares to launch an inquiry into Beijing’s intellectual property and trade practices in coming days. Senate Democratic leader Chuck Schumer pressed the Republican president to skip …
your ad hereIraqi Farmers to Get Needed Cash Via Mobile Phones
Families in rural Iraq will get access to urgently needed cash to invest in farming via a new money transfer program on mobile phones funded by the Belgium government, the United Nation’s food agency said Wednesday. The Food and Agriculture Organization (FAO) said the cash-for-work program will benefit more than …
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