The White House released a report Thursday contending that the United States’ war on poverty — a drive that started over 50 years ago to improve the social safety net for the poorest citizens of the world’s largest economy — is “largely over and a success,” contrasting with other reports …
your ad hereReport: Failure to Educate Girls Could Cost World $30 Trillion
Failing to let girls finish their education could cost the world as much as $30 trillion in lost earnings and productivity, yet more than 130 million girls are out of school globally, the World Bank said Wednesday. Women who have completed secondary education are more likely to work and earn …
your ad hereKenya Uber to Keep Fares Unchanged for Now, Following Drivers’ Strike
Uber’s business in Kenya said on Friday it will keep its fares unchanged for now, after associations representing taxi drivers in the country signed a deal giving guidelines for better fares and working conditions. “As of today, we will not be adjusting our fares as we are busy completing a …
your ad hereUS Farmers Brace for Long-Term Impact of Escalating Trade War
As farmer Brian Duncan gently brushes his hands over the rolling amber waves of grain in the fields behind his rural Illinois home, this picturesque and idyllic American scene belies the dramatic hardship he currently faces. “We’re in trouble,” he told VOA. Wheat is just one product that grows on …
your ad hereUS Farmers Brace for Long Term Impact of Escalating Trade War
U.S. farmers are beginning to feel the effects of tariffs imposed by China in retaliation for U.S. tariffs on Chinese steel and aluminum. As VOA’s Kane Farabaugh reports, while the short-term concern for farmers is the impact on profits this year, the bigger worry is the longer term consequences of …
your ad hereChina’s US Trade Surplus Hits Record in June
China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington. But signs exporters were rushing shipments before tariffs went into effect in the first week of …
your ad hereUS Lawmakers Blast Trump on Tariffs
U.S. senators Thursday continued a bipartisan rebuke of President Donald Trump’s punitive trade strategy, one day after an overwhelming vote asserting a congressional role in the imposition of tariffs for national security reasons. VOA’s Michael Bowman reports from Capitol Hill, where anti-tariff sentiment is strong but not universal. …
your ad hereA Look at Euro-Russian Energy Deal Opposed by Trump
President Donald Trump’s criticism of Germany’s involvement in a natural gas pipeline deal with Russia launched a tense two days of NATO meetings in Brussels — but it also may have set the tone for the U.S. leader’s highly anticipated summit with his Russian counterpart Monday in Helsinki. In a …
your ad hereUS to Appeal Approval of AT&T Acquisition of Time Warner
The U.S. Justice Department said Thursday that it would appeal a federal judge’s approval of AT&T Inc.’s $85.4 billion acquisition of Time Warner. The Justice Department opted in June not to seek an immediate stay of the court’s approval of the merger, allowing the merger to close on June 14. The department still had …
your ad hereSaudi Prince Alwaleed Pledges Support for Crown Prince’s Reforms
Saudi Arabian billionaire Prince Alwaleed bin Talal, who was detained for three months in an anti-corruption campaign under Crown Prince Mohammed bin Salman, pledged support on Thursday for the young leader’s program of sweeping reforms. “I was honored to meet with my brother HRH the Crown Prince and to discuss …
your ad hereUK Nears Decision to Buy Boeing AWACS Planes, Sources Report
Britain’s government is nearing a decision to buy four to six surveillance planes built by U.S. aerospace giant Boeing, sources familiar with the plans said Thursday — a move that could stir a growing debate over U.K. and European defense jobs. The contract to replace its six aging E-3D Sentry …
your ad hereTurkey’s Economic Policy Stokes Currency Fears as Lira Plummets
The Turkish lira recovered some losses Thursday hours after it hit record lows. New Treasury and Finance Minister Berat Albayrak, President Recep Tayyip Erdogan’s son-in-law, sought to reassure nervous markets that the central bank’s independence was not in question. The wild currency gyrations following Albayrak’s appointment underscore concerns over what …
your ad hereUS Inflation Steadily Firming; Labor Market Strong
U.S. consumer prices barely rose in June, but the underlying trend continued to point to a steady buildup of inflation pressures that could keep the Federal Reserve on a path of gradual interest rate increases. Other data on Thursday showed first-time applications for unemployment benefits dropped to a two-month low …
your ad hereUS Soon to Leapfrog Saudis, Russia as Top Oil Producer
The U.S. is on pace to leapfrog both Saudi Arabia and Russia to become the world’s biggest oil producer. The latest data released by the Energy Information Administration shows U.S. output growing again next year to 11.8 million barrels a day. Linda Capuano, who heads the agency, says that …
your ad hereNigeria’s Buhari Says He Will Soon Sign Up to African Free Trade Pact
Nigeria’s President Muhammadu Buhari said on Wednesday the country will soon sign up to a $3 trillion African free trade zone. Nigeria is one of Africa’s two largest economies, the other being South Africa. Buhari’s government had refused to join a continental free-trade zone established in March, on the grounds …
your ad hereDjibouti’s New Free-Trade Zone Creates Opportunities, Deepens Dependency
In a ceremony last week attended by heads of state from across East Africa, Djibouti inaugurated what it says will become the largest free-trade zone on the continent. The project will take 10 years to complete and will occupy more than 48 square kilometers when finished. In the pilot phase, …
your ad hereChina Jolted by US Tariffs on Chinese Imports
China expressed shock Wednesday at the Trump administration’s decision to prepare 10-percent tariffs on another $200 billion of Chinese imports covering thousands of products, the latest move in an escalating trade war between the world’s two largest economies. China’s commerce ministry called the decision totally unacceptable and vowed to respond. …
your ad hereTrump’s Steel Tariff Squeezes US Can Manufacturer
The Trump administration’s 25 percent tariff on imported steel has been welcomed by U.S. producers of the material but slammed by American manufacturers that rely on a global steel supply chain to make everything from cars to razor blades. VOA’s Michael Bowman visited a can company that is being squeezed …
your ad hereStuck in Trade War, US and China Face Uncertain Path to Deal
As the trade war between the world’s two largest economies nears the end of its first week, its most unsettling fact may be this: No one seems to foresee any clear path to peace. The United States insists that China abandon the brass-knuckles tactics it’s used to try to …
your ad hereTesla Goes Big in China With Shanghai Plant
Tesla Inc Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first factory outside the United States, that would double the size of the electric car maker’s global manufacturing. The deal was announced as Tesla raised prices …
your ad hereCuba Unfreezing Growth of Private Tourism Businesses
The Cuban government will allow new restaurants, bed-and-breakfasts and transportation businesses by the end of the year, reopening the most vibrant sectors of the private economy after freezing growth for more than a year. The government is unveiling a set of new regulations Tuesday meant to control the growth of …
your ad hereBMW to Make Electric MINIs in China
BMW Group and the biggest Chinese SUV brand, Great Wall Motor, announced a partnership Tuesday to produce electric MINI vehicles in China as global automakers ramp up development under pressure from Beijing. The companies said they signed an agreement Monday during an event in Berlin attended by Chinese Premier Li …
your ad hereEgypt’s Inflation Rate Spikes in June Amid Price Hikes
Egypt’s annual inflation rate increased to 13.8 percent in June, the first time it has jumped in 11 months following a new round of austerity measures designed to overhaul the country’s economy, the official statistics agency said Tuesday. The figure, announced by the Central Agency for Mobilization and Statistics, covers …
your ad hereChina Pledges $20 Billion in Loans to Revive Middle East
Chinese President Xi Jinping on Tuesday pledged a package of $20 billion in loans, and about $106 million in financial aid, to Middle East nations, as part of what he called an “oil and gas plus” model to revive economic growth in the region. Beijing has ramped up engagement in …
your ad hereUber Poised to Make Investment in Scooter-rental Business
Uber is getting into the scooter-rental business. The ride-hailing company said Monday that it is investing in Lime, a startup based in San Mateo, California. “Our investment and partnership in Lime is another step towards our vision of becoming a one-stop shop for all your transportation needs,” Rachel …
your ad here