The Trump administration will approve the Keystone XL pipeline Friday, senior U.S. officials say, ending years of delay for a project that has served as a flashpoint in the national debate about climate change. The State Department will recommend the pipeline is in U.S. interests, clearing the way for …
your ad hereFight for $15, Black Lives Matter Groups Join Forces
A cluster of Black Lives Matter groups and the organization leading the push for a $15-an-hour wage are joining forces to combine the struggle for racial justice with the fight for economic equality, just as the Rev. Martin Luther King Jr. tried to do in the last year of his …
your ad hereReport: New US Home Sales Rise
New data show U.S. home sales advanced in February while job layoffs rose slightly last week. Thursday’s Commerce Department report showed home sales rose 6.1 percent to hit a seven-month high in February. If newly-constructed homes sold at last month’s pace for a full year, 592,000 would change hands. That …
your ad hereYellen: Growing Up Poor Hurts Adults’ Financial Success
The head of the U.S. central bank says new research strengthens the case for investing in early childhood education. In a Washington speech Thursday, Federal Reserve Chair Janet Yellen said evidence shows “growing up poor makes it harder to succeed as an adult.” A survey by Fed experts shows childhood …
your ad hereIndia Doubles Maternity Leave, But Many Won’t Benefit
Neda Saiyyada was among a handful of women in India whose company gave her six months of maternity leave last year instead of the mandatory three months. The extended leave helped the young mother enormously. “When I was pregnant, my biggest worry was that I will not be able to …
your ad hereVenezuelans Line Up for Gasoline as OPEC Nation’s Oil Industry Struggles
Grumbling Venezuelans were lining up for scarce gasoline across the OPEC nation on Wednesday, due to mounting oil industry woes in the country with the world’s largest crude reserves. Venezuela, which also has the world’s cheapest gasoline, has wrestled with intermittent gasoline shortages in recent months, especially in the central …
your ad hereOfficials: German Companies Interested in Train Crossing South America
Dozens of German companies including Siemens attended meetings in Bolivia this week to discuss building a coast-to-coast railway through Brazil, Bolivia and Peru that could speed up the export of corn and soybeans to Asia, German and Bolivian officials said on Wednesday. The massive, $10-billion project would involve building a …
your ad hereWarmer US Winter Cuts Some Small Companies’ Revenue
The big snowstorm in the U.S. Midwest and East last week was a respite for some small-business owners whose revenue took a hit from the generally mild winter and who now are rethinking their cold-weather strategies. Retailers who sell winter clothing or snow shovels have had fewer customers this season. …
your ad hereIn Time of Crisis, Venezuelans Help the Hungry
Their clothes torn and dirty, nine barefoot children yell and applaud as a convoy of cars approaches on a busy street in Venezuela’s capital. Volunteers emerge handing out soup and clothes to the delight and excitement of the children who have come from a town a couple of hours outside …
your ad hereOnce Iconic US Retailer Sears Unsure of Its Future
Sears, once the monolith of American retail, says that there is “substantial doubt” that it will be able to keep its doors open. Company shares, which hit an all-time low last month, tumbled more than 12 percent Wednesday. Sears has been a member of the retail dead pool …
your ad hereUS Farm Interests Caution Trump on Mexico Trade War
Farmers in the U.S. agricultural heartland who helped elect Donald Trump are now pushing his administration to avoid a trade dispute with Mexico, fearing retaliatory tariffs that could hit over $3 billion in U.S. exports. The value of exports at risk is based on a Reuters analysis of a tariff …
your ad hereOil Prices Fall on Bloated US Crude Storage
Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC-led effort to cut output. Prices for front-month Brent crude futures, the international benchmark for oil, were at $50.79 per barrel at 0451 GMT, down 17 cents, or …
your ad hereBrazil Senate Leader Sees Huge Spending Freeze
Brazil’s government plans to announce spending freezes of 30 billion to 35 billion reais ($9.7 billion to $11.3 billion) this week to help meet part of its 2017 budget deficit target, the Senate leader said on Tuesday. The rest of the shortfall will have to come from raised taxes and …
your ad hereVenezuela’s Problems Could Doom US Heating Oil Charity
Amid continuing economic turmoil, Venezuela skipped heating oil contributions to a Massachusetts-based nonprofit for a second consecutive winter, signaling that the popular program that began with fanfare after Hurricane Katrina may be kaput. The decision by Venezuela’s Citgo Petroleum Corp. to bow out of the program founded by Joseph P. …
your ad hereAn African Trade Conference With No Africans
The University of Southern California each year hosts the African Economic and Development Summit, bringing delegations of African business leaders, government officials and others to network with their counterparts in the U.S. But this year, the African summit has no Africans. All were denied visas. Michelle Quinn reports from Los Angeles. …
your ad hereAfrican Region to Receive $45 Billion in Development Aid
The World Bank reports Africa will receive the bulk of the $75 billion the International Development Association, or IDA, will spend to finance life-saving and life-changing operations over the next three years mainly in 30 of the world’s poorest, most fragile countries. The IDA is a part of the World …
your ad hereUN Faces Unprecedented Number of Challenges Amid Proposed US Budget Cuts
There was bad news for the United Nations last week, as President Donald Trump announced he is seeking a 28 percent budget cut for diplomacy and foreign aid, which includes an unspecified reduction in funding to the United Nations and its agencies. VOA’s U.N. Correspondent Margaret Besheer reports that the …
your ad hereChina Begins Opening Up $9 Trillion Bond Market
China, the world’s third-largest bond market accounting for $9 trillion in debt instruments, has started the process of opening up to foreign investors. Two major investment banks, including Citigroup, have announced plans to join the fray and several others are expectantly watching the unfolding situation. It’s not a sudden desire …
your ad hereGermany’s Merkel and Japan’s Abe Urge Free Trade With Jabs at US
German Chancellor Angela Merkel and Japan’s Prime Minister Shinzo Abe spoke up for free trade at a major technology fair on Sunday with jabs clearly pointed at an increasingly protectionist United States. Both called for a free trade deal to be reached quickly between Japan and the European Union, in …
your ad hereUS Supports Fair Trade But Rejects Ban on Protectionism
U.S. Treasury Secretary Steve Mnuchin said the meeting of finance ministers of the G20 countries was a success Saturday despite the ministers not reaching agreement on trade protectionism. “I will leave here confident that my colleagues and I are able to work in partnership to …foster and promote global growth …
your ad hereAs Greek Economic Crisis Grinds On, Children Pay Price
In Greece’s grinding economic crisis, a home for abused children is now taking in those whose parents are struggling to feed them. It is perhaps the darkest sign of economic devastation in Greece, where traditionally strong family ties are starting to crumble after years of depression. A quarter of Greece’s …
your ad hereCouple Quits Finance, Wins Brazil’s Top Coffee Prize
It could be a Hollywood screenplay. Juliana Armelin and her husband Paulo Siqueira decided to radically change their lives in 2010, quitting jobs in Sao Paulo’s financial sector and moving to a farm seven hours away to start growing coffee. Seven years later, they clinched for a second consecutive year …
your ad hereAirbnb Aims to Double African Customers This Year
Airbnb expects to maintain its rapid growth in Africa this year and double its customer numbers to 1.5 million, its Chief Executive Brian Chesky and regional head told Reuters on Friday. The number of people using the online room rental service on the continent rose by 143 percent to about …
your ad hereTravel Restrictions Worry US Tourism Industry
Foreign tourism to the United States, which supports millions of American jobs, is slowing, possibly because President Donald Trump sought controversial travel restrictions on some Muslim-majority nations. Online searches for flights to the United States are down in most major nations, not just those hit by restrictions. Jim Randle reports …
your ad hereReport: Banks Can Help Fight Against Trafficking and Slavery
Banks could revolutionize the fight against human trafficking and modern slavery by reporting suspicious transactions and other financial activity that ring alarm bells, according to a report on Wednesday. Financial institutions hold data on traffickers and their victims that could play a vital role in combating trafficking — as long as …
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