China’s Ambassador in Phnom Penh says the European Union should not mix politics with trade as it mulls withdrawing Cambodia’s vital preferential single market access in response to the country’s autocratic backslide. The European Union has just wrapped up a fact-finding mission to Cambodia to determine if Everything But Arms …

Luxury air travel faster than the speed of sound: A US start-up is aiming to revive commercial supersonic flight 50 years after the ill-fated Concorde first took to the skies. Blake Scholl, the former Amazon staffer who co-founded Boom Supersonic, delivered the pledge this week in front of a fully-restored …

Boeing has received a $3.9 billion contract to build two 747-8 aircraft for use as Air Force One by the U.S. president, due to be delivered by December 2024 and painted red, white and blue, officials said on Tuesday. The Pentagon announced the decision on Tuesday, saying Seattle-based Boeing’s previously …

Prototypes? Passe. Fashion company Betabrand saw that knitwear was a hot style in sneakers and wanted to quickly jump on the trend for dressier shoes. It put a poll up on its website asking shoppers what style they liked, and based on that had a shoe for sale online in …

Time and effort have gone down the drain for Steve Gould, who is scrambling to find new customers for his gin, whiskey and other spirits since the United States has taken a tough stance on trade issues. Before the European Union retaliated against new U.S. tariffs with taxes of its …

Grinding poverty and climate change are pushing communities in West Africa’s Sahel region into the arms of extremist groups like Boko Haram, but providing people with clean energy could help slow that trend, said a top international official. Rachel Kyte, CEO of Sustainable Energy for All, set up by the United Nations, learned …

Vivendi’s Universal Music Group (UMG) will launch a new division in Nigeria as part of efforts by the world’s largest music label to expand into Africa’s most populous nation and the wider region. The music entertainment group said on Tuesday its new strategic division, Universal Music Nigeria, will operate from …

A former official at a Venezuelan state-run electric company pleaded guilty on Monday to U.S. charges that he participated in a scheme to solicit bribes in exchange for helping vendors win favorable treatment from state oil company PDVSA. Luis Carlos De Leon Perez, 42, pleaded guilty in federal court in …

The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico and Turkey following U.S. duties on steel and aluminum. The retaliatory tariffs on up to a combined $28.5 billion worth of U.S. exports are illegal under …

Democratic Republic of Congo’s plan to drill for oil in national parks could leave thousands of farmers and fishermen who rely on the land in a struggle to survive, rights groups said Monday. The central African country announced last month that it was taking steps toward declassifying parts of Virunga …

The U.N. envoy for Libya said Monday he fears the recent agreement to resume oil production in the conflict-torn country will not hold unless two issues are speedily tackled — distribution of wealth and “endemic plundering of resources.” Ghassan Salame told the Security Council in a video briefing that unless the …

China is saddling poor nations with unsustainable debt through large-scale infrastructure projects that are not economically viable, the head of the U.S. Overseas Private Investment Corporation (OPIC) said on Monday. The criticism of Beijing — targeted by President Donald Trump in a trade war that has sent ripples through economies …

American boxer Floyd Mayweather was named the world’s highest-paid entertainer on Monday on a list that saw actor George Clooney take the No. 2 spot with the highest annual pay of his career. Reality star Kylie Jenner, 20, came in third on the annual Forbes Celebrity 100 list, largely thanks …

Venezuela is in a state of “economic collapse” with hyperinflation not seen since the middle of the last century, the International Monetary Fund said Monday. Despite higher oil prices that are benefiting most exporting nations, the IMF sees a worsening contraction of the economy, which in April already was forecast …

Tesla shares stumbled Monday as chief executive Elon Musk faced criticism over a public spat with a British diver who worked on the Thai soccer team rescue. Shares of the electric car maker were down 3.5 percent in late-morning trading at $307.82 on news that Musk could face a libel …

As the United States ratchets up trade threats, China suffered a setback on Monday for its calls for international cooperation in counteracting  what it calls U.S. President Donald Trump’s protectionist policies.   Luca Jahier, the president of the European Economic and Social Committee, said that the European Union won’t “gang …

The International Monetary Fund is warning escalating trade conflicts threaten to curb the world’s economic recovery, saying U.S. exports are especially vulnerable in the face of retaliatory tariffs other nations are imposing on them in response to President Donald Trump’s new levies on foreign imports. The Washington-based IMF, in its …

Thousands of workers will walk off the job on Tuesday at Amazon warehouses in Germany to demand better working conditions, joining colleagues in Spain and Poland in taking action that coincides with a major sales promotion. The Verdi services union called the one-day strike to back its demand for labor …

China’s economic growth slowed in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff battle with Washington. The world’s second-largest economy expanded by 6.7 percent, down from the previous quarter’s 6.8 percent, the government reported Monday. Even before the dispute with Washington erupted, forecasters expected …

U.S. President Donald Trump advised British Prime Minister Theresa May to sue the European Union instead of negotiating with the bloc, as part of her Brexit strategy.   “He told me I should sue the EU,” May told BBC television. “Sue the EU. Not go into negotiations — sue them.” Her …

Liang Liang is feeling a lot of stress lately. He owns an import wholesale business in Los Angeles. “I have been watching the news every day — when will the tariffs be put in place? When are my goods arriving; it’s a fight against time. I’m trying to order all …

As the Trump administration announces tariffs on an additional $200 billion in Chinese imports, the largest port complex in the United States is bracing for its impact. For the twin ports of Los Angeles and Long Beach, China is the largest trader, and what happens at these ports can ripple …

Suspiciously cheap diamonds, jeans for $1 and a pair of skis for next to nothing. It’s not a dream, these are actual bargains at a store in a small town in Alabama. What it sells are the contents of lost airline baggage. Every year airline companies lose about 20 million …

Suspiciously cheap diamonds, jeans for $1 and a pair of skis for next to nothing. It’s not a dream, these are actual bargains at a store in a small town in Alabama. What it sells are the contents of lost airline baggage. Every year airline companies lose about 20 million …

The United States has formally lifted a crippling ban on exports to the Chinese telecommunications giant ZTE.  The Commerce Department said Friday that it had removed the ban after ZTE deposited $400 million in a U.S. bank escrow account as part of a settlement reached last month. ZTE has already …