Few experiences capture old New Orleans and the Mississippi River quite like a paddlewheel riverboat coming around a muddy bend with its tooting whistle, towering smoke stacks and water-churning propeller. This month, a new riverboat is set to launch in this Louisiana port city. A plunge in tourism after Hurricane …
your ad hereStock Market Starts Off 2019 With More Turbulence
The roller-coaster ride on Wall Street resumed Wednesday, the first trading day of the new year, as stocks plunged early on, then slowly recovered and finished with a slight gain. The Dow Jones Industrial Average dropped as much as 398 points in the first few minutes of trading after more …
your ad hereRaising Cattle a Risky Business for Venezuela Ranchers
Rotting hides on the road are all that is left of three butchered cows. Such carnage is common in Venezuela’s cattle country, where thieves, squatters and government policy threaten a vital food resource. Venezuela’s severe economic crisis is felt keenly in cities — where food sources are limited — but …
your ad hereKenya Struggles to Give Life to Futuristic ‘Silicon Savannah’ City
Laborers milled around an unfinished eight-story building in an expansive field in Konza dotted with zebra and antelope — the only visible sign of progress in a decade-old plan to make Kenya into Africa’s leading technology hub by 2030. Grandiose plans, red tape and a lack of funding have left …
your ad hereBoxing on a Bridge? Tbilisi Reinvents its Public Spaces
Think of public spaces in big cities, and formal parks, bustling markets and grand squares come to mind. Think again. In the Georgian capital of Tbilisi, residents have redrawn the map and come up with innovative ways for locals to congregate in their ancient and fast-changing city. A boxing ring …
your ad hereThe Digital Revolution’s Double-Edged Sword
Digital developments that have upended businesses throughout the global economy, from music to manufacturing, are also changing what the world trades and how manufacturers and merchants move and sell their goods. Experts tell VOA’s Jim Randle, the digital revolution presents significant opportunities, but also serious problems, for countries. …
your ad hereTrade Optimism Lifts Stocks, But 2018 Ends in Red
Equities around the world rose Monday as possible progress in resolving the trade dispute between the United States and China engendered some investor optimism in what has been a punishing end of year for markets. The U.S. benchmark S&P 500 stock index advanced in light trading volume after U.S. President …
your ad hereChina Factory Activity Shrinks for First Time in 2 Years
China’s factory activity shrank in December for the first time in more than two years, an official survey showed Monday, intensifying pressure on Beijing to reverse an economic slowdown as it enters trade talks with the Trump administration. The purchasing managers’ index of the National Bureau of Statistics and an …
your ad hereKenyan GDP Growth at 6 Percent in Third Quarter 2018
Kenya’s economy expanded faster in the third quarter of this year than in the same period last year due to strong performance in the agriculture and construction sectors, the statistics office said on Monday. The Kenya National Bureau of Statistics said the economy grew 6 percent in the third quarter …
your ad hereThe Euro Currency Turns 20 Years Old on Tuesday
The euro currency turns 20 years old on January 1, surviving two tumultuous decades and becoming the world’s No. 2 currency. After 20 years, the euro has become a fixture in financial markets, although it remains behind the dollar, which dominates the world’s market. The euro has weathered several major …
your ad hereTrump Says ‘Big Progress’ on Possible China Trade Deal
U.S. President Donald Trump said on Twitter on Saturday that he had a “long and very good call” with Chinese President Xi Jinping and that a possible trade deal between the United States and China was progressing well. As a partial shutdown of the U.S. government entered its eighth day, …
your ad hereFarmers Risk Loss of Federal Payments, Loans, From Shutdown
The end of 2018 seemed to signal good things to come for America’s farmers. Fresh off the passage of the farm bill, which reauthorized agriculture, conservation and safety net programs, the Agriculture Department last week announced a second round of direct payments to growers hardest hit by President Donald Trump’s …
your ad hereHong Kong Economy Caught in US-China Trade Crossfire
The storm winds of the recent trade war between the United States and China have settled in a truce for now, but the weeks of agitation — of rising tariffs and counter duties — battered one economy close to Beijing: Hong Kong’s. In December, Hong Kong government economist Andrew Au …
your ad hereLampert Makes $4.4 Billion Bid to Keep Sears Alive
Sears Holdings Corp. Chairman Eddie Lampert submitted a $4.4 billion takeover bid for the bankrupt U.S. retailer, representing its only chance of escaping liquidation and laying off tens of thousands of workers, a spokesman for the billionaire’s hedge fund said Friday. Lampert’s bid is backed in part by $1.3 billion …
your ad hereStrong Week, Yet Horrible Month for Wall Street
Wall Street capped a week of volatile trading Friday with an uneven finish and the market’s first weekly gain since November. Losses in technology, energy and industrial stocks outweighed gains in retailers and other consumer-focused companies. Stocks spent much of the day wavering between small gains and losses, ultimately …
your ad hereUS Fossil Fuel Exports Spur Growth, Climate Worries
In South Korea’s largest shipyard, thousands of workers in yellow hard hats move ceaselessly between towering cranes lifting hulks of steel. They look like a hive of bees scurrying over a massive circuit board as they weld together the latest additions to the rapidly growing fleet of tankers carrying super-chilled …
your ad hereDow Finishes Up 1.1 Percent as US Stocks Rebound
Wall Street stocks finished solidly higher Thursday following a late-afternoon surge as worries over slowing economic growth gave way to bargain-hunting. The Dow Jones Industrial Average finished at 23,138.82, an increase of 1.1 percent and up some 870 points from the low point of the session. The broad-based S&P 500 …
your ad hereTesla Sets up Shanghai Financial Leasing Unit as China Plans Accelerate
Tesla Inc has registered a financial leasing company in China, a local business registration filing shows, in the latest sign the U.S. electric car maker is attempting to speed up its push into China. The California-based carmaker, led by billionaire Chief Executive Elon Musk, has opened a wholly-owned financial leasing …
your ad hereReport: US Retail Holiday Sales Best in 6 Years
Retail sales in the U.S. for the 2018 holiday season were up more than 5 percent to more than $850 billion, according to data Mastercard released Wednesday, making 2018 the best holiday retail season in the last six years. The Mastercard SpendingPulse report tracks retail spending across all payment types, …
your ad hereReport: US Trade Team to Travel to China for Talks
A U.S. trade delegation will go to China the week of Jan. 7, Bloomberg reported Wednesday, citing two people familiar with the matter. It will be the first time the two sides will meet face to face since U.S. President Donald Trump and China’s Xi Jinping agreed to de-escalate a trade …
your ad hereWall Street Notches Best Day in 10 Years in Holiday Rebound
Wall Street notched its best day in 10 years as stocks rallied back Wednesday, giving some post-Christmas hope to a market that has otherwise been battered this December. The Dow Jones Industrial Average jumped more than 1,000 points — its biggest point-gain ever — rising nearly 5 percent as investors …
your ad hereKoreas Celebrate Joint Railway
North and South Korea held a groundbreaking ceremony Wednesday to mark the start of a joint project to connect railways throughout the divided peninsula. The event was held after both Korea’s inspected railways along the peninsula’s east coast. Ministry of Foreign Affairs Special Representative for Korean Peninsula Peace and Security …
your ad hereJapan Announces IWC Withdrawal, Will Resume Commercial Whaling
Japan is withdrawing from the International Whaling Commission and will resume commercial whaling next year, a government spokesman said Wednesday, in a move expected to spark international criticism. “We have decided to withdraw from the International Whaling Commission in order to resume commercial whaling in July next year,” top government …
your ad hereTrump Praises Treasury Secretary Mnuchin But Hits Fed Again on Rate Rises
President Donald Trump on Tuesday expressed confidence in Treasury Secretary Steven Mnuchin amid worries over a weakening economy and a stock market slump, but repeated his criticism of the U.S. Federal Reserve, saying it has raised interest rates too quickly. Speaking to reporters in the Oval Office after a Christmas …
your ad hereFormer Nissan Executive Released from Tokyo Jail
Former Nissan Motor Co. executive Greg Kelly was released from jail in Japan Tuesday after a Tokyo court rejected prosecutors’ request to continue to detain him. The Tokyo District Court granted his release after setting bail at $636,000. Kelly had been detained for 37 days after being arrested and charged …
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