The Turkish and Azerbaijani presidents on Tuesday inaugurated a key pipeline carrying natural gas from Azerbaijan’s gas fields to Turkish markets and eventually to Europe, part of a wider Southern Gas Corridor project that aims to diversify gas supplies and reduce countries’ dependence on Russia.   The Trans Anatolian Natural …

A top U.S. official is calling on Uganda and Kenya to stop the flow of corrupt South Sudanese investments into their countries. Sigal Mandelker, the U.S. Undersecretary for Terrorism and Financial Intelligence, said Ugandan and Kenyan leaders must stop allowing South Sudanese officials to buy up property with corrupt proceeds. …

Tesla is cutting several thousand jobs across the company as it seeks to reduce costs and become sustainably profitable without endangering the critical ramp up of production of its Model 3 sedan. In an email he said had been sent to staff, billionaire Chief Executive Elon Musk said on Tuesday …

European Union officials are preparing for a trade war with the United States, but on another front, they’re bracing for equally hazardous challenges closer to home from central and southern European populists, who see themselves as ideological allies of President Donald Trump and appear to share his goals. Officials fear …

There is no end to demand for what many consider to be Italy’s white gold, the marble from the Tuscan town of Carrara, a name synonymous with the very best money can buy in the world today. It is no secret, and it is not new. The quarrying in these …

The European Central Bank will on Thursday weigh when and how to end its bond-buying stimulus program — an exit that will have far-reaching consequences across the economy, from long-suffering savers to Europe’s indebted governments.   The bank, which sets monetary policy for the 19 countries that use the euro, has …

War profiteers, terror financiers and drug traffickers sanctioned by the U.S. in recent years have used Dubai’s real-estate market as a haven for their assets, a new report released Tuesday alleges. The report by the Washington-based Center for Advanced Defense Studies, relying on leaked property data from the city-state, offers …

The separatist campaign in Indian-administered Kashmir broke out into major violence in 1989. More than 60,000 people are estimated to have died and 10,000 to have disappeared in the disputed Himalayan region. That has pushed their families into poverty. For the region’s youth, earning a living has been a challenge, …

The new generation of global entrepreneurs is going into business motivated by purpose rather than just profit, according to research by the HSBC banking group released on Tuesday. One in four entrepreneurs aged under 35 said they were more motivated by social impact than by moneymaking, compared to just over …

Financial disclosure forms released late Monday show that White House special adviser — and President Donald Trump’s son-in-law — Jared Kushner’s wealth and debt both appear to have risen over the year, an indication of the complex state of his finances and the potential conflicts that confront some of his …

President Recep Tayyip Erdogan, who is campaigning for re-election, seized on the latest Turkish growth figures as a vindication of his economic policies in the face of skepticism from not only voters but international investors of the country’s economic strength. The economy grew by 7.4 percent in the first quarter, …

It may not be a ride in space or even a rocket-powered roadster, but Elon Musk has delivered the first batch of personal flamethrowers, just in time for the July 4th backyard barbecues. The SpaceX CEO’s tunnel construction firm, The Boring Company, delivered 1,000 of the 20,000 limited-run flamethrowers sold …

Keeping healthy could become more costly as climate change and water scarcity cause a huge drop in the global production of vegetables and legumes, scientists said Monday. The amount of vegetables produced could fall by more than a third, especially in hot regions like southern Europe and swaths of Africa …

Rising homicide rates are damaging Brazil’s economy and leading to skyrocketing public security costs, according to a study released Monday. Beyond the emotional toll on families and communities, homicides between 1996 and 2015 robbed the country of more than US$119 billion in potential productive capacity, according to a study prepared …

Khin Khin Htay lives with her family in Yangon’s sprawling northern outskirts. She recently traveled with her two young daughters by bus to a park in the center of the city. The journey took at least one-and-a-half hours each way, but Khin Khin Htay said it was worth it. “My …

Shares in the Bank of Chile were down on Monday after it confirmed hackers had siphoned off $10 million of its funds, mainly to Hong Kong, though the country’s second-largest commercial bank said no client accounts had been impacted. The cyber heist is the latest in a string of such …

The United States will not lift the ban on doing business with Chinese telecommunications giant ZTE until ZTE pays a $1 billion fine for trade violations and places $400 million more in escrow.   The U.S. Commerce Department released details of its settlement it made with ZTE, under President Trump’s …

President Donald Trump tweeted out more criticism of U.S. trade partners Monday, including allies in Europe and Canada, adding to his declarations that the United States will no longer tolerate what he has called “trade abuse.” “Sorry, we cannot let our friends, or enemies, take advantage of us on Trade …

A radical plan to transform Switzerland’s financial landscape by barring commercial banks from electronically creating money when they lend was resoundingly rejected by Swiss voters on Sunday. More than three quarters rejected the so-called Sovereign Money initiative, according to the official result released from the Swiss government. All of the …

Italy’s new coalition government has no intention of leaving the euro and plans to focus on cutting debt levels, Economy Minister Giovanni Tria said on Sunday, looking to reassure nervous financial markets. Italian government bonds have come under concerted selling pressure on fears the government will embark on a spending …

The International Labor Organization reports 152 million children are victims of child labor, with nearly half forced to work in hazardous, unhealthy conditions that can result in death and injury. Twenty years ago, hundreds of people, including children, participated in the Global March against Child Labor. They came to the …

The Shanghai Cooperation Organization (SCO)is holding its first summit since India and Pakistan joined the bloc which is widely seem by observers as a means for blocking American influence in Central Asia.  The founding members of the alliance are China, Russia, Kazakhstan, Uzbekistan, Kyrgyzstan and Tajikistan.  The summit is being …

Canadian Prime Minister Justin Trudeau announced Saturday that nearly $3 billion in pledges has been raised to help fund the education of vulnerable girls and women around the world. Canada will contribute $300 million to the campaign. Germany, Japan, Britain and the World Bank are among the additional supporters.  The …

Britain’s biggest companies will from 2020 be legally required to publish the gap between the salaries of their chief executives and what they pay their average U.K. workers, under proposed government rules. Business Minister Greg Clark said that the government would set out new laws in Parliament on Monday directing that U.K.-listed companies with more than …

Prime Minister Theresa May will gather together squabbling British ministers at her country residence after this month’s European Union summit to settle on details of a much-anticipated Brexit policy paper. May has yet to agree on some of the fundamental details of what type of trading relationship she wants to have with the European Union …