The European Union and Iran are affirming their support for the international nuclear deal and say they aim to keep it alive despite U.S. President Donald Trump’s decision to abandon the landmark pact. Ahead of EU-Iran talks on civil nuclear cooperation in Brussels Monday, EU Energy Commissioner Arias Canete said …
your ad hereTariffs Tapping Into US Craft Beer Industry
U.S. tariffs on imported steel and aluminum, a move by the Trump administration to bolster the domestic industry and protect U.S. jobs, are just starting to have a far-reaching impact on different sectors of the U.S. economy, including the growing craft beer industry. As VOA’s Kane Farabaugh reports, one thing …
your ad hereBritish Lawmakers Warn They Will Vote Against Brexit Deal
It took Britain’s Theresa May and 27 other European Union leaders just 40 minutes to sign the Brexit deal after two years of tortuous negotiations, but the trials and tribulations of Britain’s withdrawal agreement approved Sunday in Brussels are far from over. As they endorsed the 585-page the agreement, and …
your ad hereS&P 500 Slides Into ‘Correction’ for Second Time This Year
U.S. stocks closed lower after a shortened session Friday, bumping the benchmark S&P 500 index into a correction, or drop of 10 percent below its most recent all-time high in September. Energy companies led the market slide as the price of U.S. crude oil tumbled to its lowest level …
your ad hereIn Era of Online Retail, Black Friday Still Lures a Crowd
It would have been easy to turn on their computers at home over plates of leftover turkey and take advantage of the Black Friday deals most retailers now offer online. But across the country, thousands of shoppers flocked to stores on Thanksgiving or woke up before dawn the next …
your ad hereChina: WTO Changes Must Support Developing Countries
China will go along with changes meant to update global trade rules so long as they protect Beijing’s status as a developing country, a Cabinet official said Friday. The deputy commerce minister, Wang Shouwen, said any changes also must address protectionism and abuse of export controls and security reviews — …
your ad hereRussia, Japan, Azerbaijan Battle to Host 2025 World Expo
Cities in Russia, Japan and Azerbaijan are about to find out which one of them gets to host the 2025 World Expo, an event expected to draw millions of visitors and showcase the local economy and culture. The 170 member states of the Paris-based Bureau International des Expositions are voting …
your ad hereAmazon Staff in Europe Protest to Coincide With Black Friday
Some of Amazon’s workers in Europe are protesting against what they call unfair work conditions, in a move meant to disrupt operations on Black Friday. Amazon Spain said around 90 percent of workers at a logistics depot in near Madrid joined a walkout Friday. Only two people were at the …
your ad hereZimbabwe’s FM Aims to Turn Economy Around with New Budget
Zimbabwe’s finance minister has unveiled the country’s 2019 budget. Mthuli Ncube says the plan should help restore the economy of the southern African nation after years of recession. “Madam Speaker, ma’am, in conclusion, this budget should mark a turning point towards realizing the country’s vision 2030, as austerity will lead …
your ad hereNissan Board Fires Jailed Chairman Ghosn
Once-admired auto executive Carlos Ghosn’s fall from grace deepened Thursday when directors of Nissan Motor Co. voted unanimously to fire the recently jailed businessman from his post as board chairman. Dismissed along with Ghosn was another director, Greg Kelly, whom the board accused of working with Ghosn to understate their …
your ad hereLebanon’s Economy Faces Stark Choice: Reform or Collapse
Lebanon is marking 75 years of independence with a military parade Thursday in Beirut, but many anxious Lebanese feel they have little to celebrate: the country’s corruption-plagued economy is dangerously close to collapse and political bickering over shares in a new Cabinet is threatening to scuttle pledges worth $11 billion …
your ad hereA Holiday Miracle? Stores Try to Cut Down on Long Lines
Retailers will once again offer big deals and early hours to lure shoppers into their stores for the start of the holiday season. But they’ll also try to get shoppers out of their stores faster than ever by minimizing the thing they hate most: long lines. Walmart, Target and other …
your ad hereNissan Board to Meet for Ousting Ghosn as Future of Alliance in Focus
Nissan Motor Co will hold a board meeting on Thursday to oust Chairman Carlos Ghosn after the shock arrest of its once-revered leader, starting what could be a long period of uncertainty in its 19-year alliance with Renault. The Franco-Japanese alliance, enlarged in 2016 to include Japan’s Mitsubishi Motors, has …
your ad hereCanada Unveils Investment Tax Break
Canada will allow businesses to write off additional capital investments to make them more competitive at a time when the United States is aggressively cutting taxes, Finance Minister Bill Morneau said Wednesday. But Morneau, speaking as he unveiled a budget update that forecast a slightly smaller than predicted deficit for 2018-19, said Ottawa would …
your ad hereGerman Car Bosses Reportedly Invited to White House to Discuss Tariffs
The Trump administration has invited the heads of Volkswagen, BMW and Daimler to the White House to discuss U.S. tariffs on carmakers, the Handelsblatt newspaper reported on Wednesday. Citing industry and diplomatic sources, the paper said the meeting could possibly take place as soon as next week, depending on circumstances. …
your ad hereTrump Thanks Saudis for Tamping Down World Oil Prices
U.S. President Donald Trump on Wednesday thanked Saudi Arabia for tamping down world oil prices, a day after saying the U.S. would not turn its back on Riyadh despite its responsibility for killing a dissident U.S.-based Saudi journalist. From his retreat along the Atlantic Ocean in Florida, Trump praised the …
your ad hereUS: China has Failed to Alter ‘Unfair, Unreasonable’ Trade Practices
The Trump administration on Tuesday said that China has failed to alter its “unfair” practices at the heart of the U.S.-China trade conflict, adding to tensions ahead of a high-stakes meeting later this month between U.S. President Donald Trump and Chinese President Xi Jinping. The findings were issued in an …
your ad hereRetail Disappointments, Energy Decline Hit Wall Street
Stocks dropped again Tuesday as losses mounted for the world’s largest technology companies. Retailers also fell, and energy companies plunged with oil prices as the market sank back into the red for the year. Oil prices tumbled another 6.6 percent as Wall Street reacted to rising oil supplies and …
your ad hereBoeing Cancels Call to Discuss Issues With Its Newest Plane
Analysts say Boeing Co. is canceling a conference call that it scheduled to discuss issues around its newest plane, which has come under scrutiny since a deadly crash in Indonesia. The company didn’t immediately give an explanation Tuesday. CFRA Research analyst Jim Corridore said canceling the call as “a bad look for the company” when it’s facing …
your ad hereNissan Says Chairman Arrested for Financial Misconduct in Japan
Shares in automakers Nissan, Mitsubishi and Renault fell sharply Tuesday after the arrest of executive Carlos Ghosn on allegations of “significant acts” of financial misconduct. All three firms are considering replacing him as chairman. Nissan, one of the world’s biggest automakers, said Ghosn falsified reports about his compensation “over many …
your ad hereApple, Trade Woes Sink Stocks; Growth Worries Drag on Dollar
World stock markets fell Monday as worries about softening demand for the iPhone dragged down shares of Apple Inc and persistent trade tensions between China and the United States sapped investor sentiment. Concerns about slowing economic growth also pushed down the dollar. The U.S. benchmark S&P 500 stock index dropped …
your ad hereUN: Afghan Opium Cultivation Down 20 Percent
A new United Nations survey finds that opium cultivation in Afghanistan has decreased by 20 percent in 2018 compared to the previous year, citing a severe drought and falling prices of dry opium at the national level. The total opium-poppy cultivation area decreased to 263,000 hectares, from 328,000 hectares estimated …
your ad hereNissan Chairman Faces Arrest in Japan
Japanese automaker Nissan says it has determined that its chairman, Carlos Ghosn, falsified reports about his compensation “over many years.” The company said its internal investigation also found Ghosn had used company assets for personal purposes. Japanese media are reporting Monday that Ghosn is being questioned by Tokyo prosecutors on …
your ad herePence, Xi Sell Competing Views to Asian Regional Economies
The United States and China offered competing views to regional leaders at the Asia Pacific Economic Cooperation (APEC) meetings in Papua New Guinea, trading sharp words over trade, investment, and regional security. Washington said it can provide a better option for regional allies under is “Free and Open Indo-Pacific” strategy. …
your ad hereFederal Reserve Policymakers See Rate Hikes Ahead, Note Worries
Federal Reserve policymakers on Friday signaled further interest rate increases ahead, but raised relatively muted concerns over a potential global slowdown that has markets betting heavily that the Fed’s rate hike cycle will soon peter out. The widening chasm between market expectations and the rate path the Fed laid out …
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