Next Steps Unclear in US-China Trade Talks

The United States says talks in Beijing on ending a bruising trade war focused on Chinese promises to buy more American goods. But it gave no indication of progress on resolving disputes over Beijing’s technology ambitions and other thorny issues. China’s Ministry of Commerce said Thursday the two sides would …

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Amazon CEO Jeff Bezos, Wife MacKenzie Set to Divorce

Amazon.com Inc. Chief Executive Jeff Bezos and wife MacKenzie Bezos have decided to divorce after a long trial separation, Bezos said on Wednesday in a joint statement by the couple on Twitter. Amazon.com again became Wall Street’s most valuable company this week, surpassing Microsoft Inc. Bezos’ fortune has soared to …

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Somali Fishermen Decry Licensing Chinese Vessels

Starting this month, Chinese fishing vessels are allowed to exploit the open waters off the Somali coast, following the granting of licenses by Somalia’s government last month. Somali authorities say the permits will reduce illegal foreign fishing and help boost the economy.  But Somali fishermen worry the Chinese vessels now have the …

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Peru AG Resigns After Outcry Over Odebrecht Probe

Peru Attorney General Pedro Chavarry resigned on Tuesday after a public outcry over his handling of the high-profile corruption investigation involving Brazilian builder Odebrecht. His departure from the public prosecutors office marks a fresh victory for President Martin Vizcarra and supporters of his measures to uproot entrenched corruption in one …

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Forest Fire Insurance Costs Soar

Forest fires caused by climate change are costing insurers more than ever, with the deadly fire that ravaged northern California the single most expensive natural disaster in 2018, Munich Re said in its catastrophe report Tuesday. The California wildfire that devastated the small town of Paradise in November caused losses …

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Tesla Breaks Ground on Shanghai Factory

Tesla broke ground Monday on a new factory for its electric cars in China, the first of its factories to be located outside the United States. Chief Executive Elon Musk appeared at a ceremony alongside local officials on the outskirts of Shanghai to mark the start of the project. He …

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Global Stocks Continue Fall on US-China Trade War

Asian markets Friday continued the global sell-off triggered by Apple’s warning of lower revenues and futures indicators predict a sharply lower opening for U.S. markets. The Tokyo market dropped 3 percent in morning trading, and markets in Shanghai, Sydney, Seoul and Taipei were also down. Stock markets across the globe …

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Judge Blocks NYC Law Demanding Airbnb Disclosures

A federal judge says a New York City law forcing Airbnb and HomeAway home-sharing platforms to reveal detailed information about its business seems unconstitutional. Judge Paul Engelmayer on Thursday blocked the law from taking effect on Feb. 2, finding there’s a greater than 50 percent chance the companies would prevail …

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Could Tesla Price Cuts Mean Demand is Slowing?

Tesla made about 9,300 more vehicles than it delivered last year, raising concerns among industry analysts that inventory is growing as demand for the company’s electric cars may be starting to wane. If demand falls, they say, the company will enter a new phase of its business. Like other automakers, …

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Chewing the Fat with Pakistan’s BBQ Masters

The sweet aroma of mutton smoke drifts through a maze of crumbling alleyways, a barbecue tang that for decades has lured meat-eaters from across Pakistan to the frontier city of Peshawar. The ancient city, capital of northwestern Khyber Pakhtunkhwa province, has retained its reputation for some of Pakistan’s tastiest cuisine …

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