President Donald Trump is threatening to “respond” after several major U.S. drug companies raised prices of some widely prescribed medicines. “Pfizer and others should be ashamed that they have raised drug prices for no reason,” Trump tweeted Monday. “They are merely taking advantage of the poor and others unable to …

Behind a row of sealed red incubator doors in a new facility in northern China, about 400,000 chicks are hatched every day, part of the rapidly modernizing supply chain in China’s $37 billion egg industry, the world’s biggest. As China overhauls production of everything from pork to milk and vegetables, …

The possibility of more Western sanctions against Moscow is the key risk for the Russian economy, as much as 21 percent of which has already felt the impact of existing sanctions, Russia’s Analytical Credit Ratings Agency said in a report Tuesday. Western sanctions are expected to weigh on Russia’s oil-dependent …

World fish production is expected to grow over the next 10 years despite a slowdown in both farmed and wild caught fish, the U.N.’s food agency said. In a new report on global fisheries, the Food and Agricultural Agency predicts world fish production will grow to 201 million metric tons …

The president of OPEC on Monday defended the oil producer group against U.S. President Donald Trump’s recent demands for higher oil output, saying OPEC does not shoulder the blame. Trump has accused the Organization of the Petroleum Exporting Countries in recent weeks of driving gasoline prices higher and urged the …

Construction conglomerate Odebrecht has signed an agreement with two more Brazilian state bodies to settle cases related to a corruption scheme in which Odebrecht and others formed a de facto cartel to rig bids with state-run oil giant Petrobras and bribe officials.   Odebrecht signed an agreement Monday with the …

Tens of thousands of low-cost homes are lying empty across India even as officials race to meet a deadline to provide housing for everyone by 2022, which analysts say highlights critical shortcomings in government policy. About 164,000 low-cost homes built under previous plans are vacant, according to a housing ministry …

Corruption drains $148 billion annually from Africa, according to the African Union. At an estimated 25 percent of the continent’s average gross domestic product, the AU calls it a huge drain on Africa’s productivity.            At the 31st AU Summit in Mauritania last week, African heads of state said they want …

The U.S. Treasury Department announced Monday that it would sanction Mahan Travel and Tourism Sdn Bhd, a Malaysian sales agent for Iranian airline Mahan Air. In 2011, under the administration of then-president Barack Obama, the department sanctioned the airline, claiming it had provided travel services to Iran’s Islamic Revolutionary Guard …

Twitter shares tumbled Monday on concerns the social media’s efforts to crack down on fake accounts would affect its user base, and potentially its finances. At 1810 GMT, shares of the social media company were down 6.0 percent at $43.89 after earlier shedding almost 10 percent. The decline follows a …

An internal review has revealed that Japanese automobile manufacturer Nissan falsified data on emissions and fuel economy reports for vehicles produced and sold in Japan, according to a statement the company released Monday. The automaker said the data was altered to meet the company’s stricter internal standards.  All cars except …

What started as a simple desire to be able to provide for her children has turned into a multimillion-dollar business for Tammie Umbel of Dulles, Virginia. She not only runs a cosmetics company but home-schools her 14 children — and says she still finds time for herself. Leysa Bakalets has …

Mexican President-elect Andres Manuel Lopez Obrador will seek to end the country’s massive fuel imports, nearly all from the United States, during the first three years of his term while also boosting refining at home. The landslide winner of last Sunday’s election told reporters Saturday morning before attending private meetings with members of his future …

One of the world’s biggest cargo shippers announced Saturday that it was pulling out of Iran for fear of becoming entangled in U.S. sanctions, and President Hassan Rouhani demanded that European countries to do more to offset the U.S. measures. The announcement by France’s CMA CGM that it was quitting Iran dealt a blow …

The opening shots have been fired in what some fear may be the start of a major trade war. China retaliating at midnight Friday with equivalent tariffs on U.S. goods after the U.S. followed through on its threat to raise tariffs on $34 billion worth of Chinese imports. All this …

Amid the very real hardships Syrian refugees face, little has been said about another major health and humanitarian issue: What to do with the massive accumulations of trash and waste. But one refugee camp in Jordan is doing something about it. With the help of an international nonprofit group, the …

The political squabbling between China and the United States over trade and other issues affect the world’s two largest economies through a variety of mechanisms with unpredictable results.  For example, prices of stock in both nations have been hurt as some shareholders sold their shares and other investors were reluctant …

So is this what a trade war looks like? The Trump administration and China’s leadership have imposed tens of billions of dollars in tariffs on each other’s goods. President Donald Trump has proposed slapping duties on, all told, up to $550 billion if China keeps retaliating and doesn’t cave in …

U.S. employers kept up a brisk hiring pace in June by adding 213,000 jobs, a sign of confidence in the economy despite the start of a potentially punishing trade war with China. The job growth wasn’t enough to keep the unemployment rate from rising from 3.8 percent to 4 percent, …

The World Trade Organization is urging nations to resolve trade tensions, warning that restrictive trade measures would have a harmful impact on the global economy. The group refuses to weigh in on what appears to be the start of a trade war between the United States and China, the world’s …

The world’s two biggest economies have fired the opening shots in a trade war that could have wide-ranging consequences for consumers, workers, companies, investors and political leaders. The United States slapped a 25 percent tax on $34 billion worth of Chinese imports starting Friday, and China is retaliating with taxes …

U.S. tariffs against Chinese imports took effect early Friday and President Donald Trump made clear Thursday that he is prepared to sharply escalate a trade war between the world’s two biggest economies. The administration started imposing tariffs at 12:01 a.m. Eastern time Friday on $34 billion worth of Chinese imports, a first …

China said Friday it was “forced to take a necessary counterattack” and responded in kind to the United States after Washington placed tariffs on 800 Chinese import products valued at $34 billion. China said it applied retaliatory tariffs on 545 U.S. items, also worth $34 billion, “including agricultural products, vehicles …

Drivers of Kenya’s digital taxis shut down operations Monday in protest of what they term as exploitative corporate practices. They say the firms are charging low rates to their clients, yet imposing high commissions on the drivers, leading them to work longer hours with little pay. The Digital Taxi Association …

South Africa has become one of the biggest markets for illegal cigarette sales and is losing out on 7 billion rand ($514 million) a year in potential tax revenue, a report funded by a tobacco industry group said on Thursday. The study carried out by Ipsos found illegal cigarette trade …