Most U.S. insurance companies have not adapted their strategies to address the dangers of climate change, making them likely to raise rates or deny coverage in high-risk areas, said a study released Tuesday. With predictions of an above-average Atlantic hurricane season approaching, thousands of people could be unable to afford …

Mexico’s central bank said Tuesday that it was creating a cybersecurity unit, following a hack on a domestic payments system at the end of April that affected Mexican banks. The central bank said in a notice in the government’s daily gazette that the new unit would design and issue guidelines …

U.S. lawmakers on Tuesday rejected any plan by President Donald Trump to ease restrictions on China’s ZTE Corp, calling the telecommunications firm a security threat and vowing not to abandon legislation clamping down on the company. Trump on Monday had defended his decision to revisit penalties on ZTE for flouting …

Mexico’s economy minister said that he saw diminishing chances for a new North American Free Trade Agreement ahead of a Thursday deadline to present a deal that could be signed by the current U.S. Congress. U.S. House Speaker Paul Ryan has said that the Republican-controlled Congress would need to be …

Venezuela’s state-run oil firm PDVSA has bought nearly $440 million worth of foreign crude and shipped it directly to Cuba on friendly credit terms — and often at a loss, according to internal company documents reviewed by Reuters. The shipments are the first documented instances of the OPEC nation buying …

Top Silicon Valley executives will help to grow the businesses of 21 entrepreneurs helping migrants, refugees and trafficking survivors, California’s oldest university said on Tuesday, as companies with a social mission increase around the world. The 21 social enterprises selected to join Santa Clara University’s six-month online program include a …

U.S. retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter. The economic outlook got a boost from other data Tuesday showing factory activity regaining momentum in May on strong orders …

Brazil’s currency is falling again against the dollar amid uncertainty over this year’s elections in Latin America’s largest economy. Brazil’s real was trading around $0.27 on Tuesday, its lowest price in more than two years. The Brazilian currency has fallen about 10 percent against the dollar this year. The slide is …

U.S.-based food company Kellogg said on Tuesday it had pulled out of Venezuela due to its brutal economic crisis, the latest business to end operations in the oil-rich nation heaving under hyperinflation and strict price controls. “In December of 2016, Kellogg deconsolidated its Venezuela business from the company’s results. The …

A lawyer for a subsidiary of Houston-based ConocoPhillips said a court in the Dutch Antilles had authorized it to seize $1.94 billion worth of assets held on Bonaire island by Venezuela’s state oil company, PDVSA. Conoco is seeking to recover $2 billion in a dispute over expropriation of its oil …

The European Union on Monday warned Britain time was running out to seal a Brexit deal this fall and ensure London does not crash out of the bloc next March, adding to pressure on Prime Minister Theresa May. May’s spokesman, however, said the “focus is on getting this right” rather …

Investors looking to buy Venezuela’s new cryptocurrency may want to head to a little-known Moscow bank whose biggest shareholders are President Nicolas Maduro’s socialist government and two state-controlled Russian companies under U.S. sanctions. Evrofinance Mosnarbank has emerged as the only international financial institution so far willing to defy a U.S. …

In South Africa, workers will soon begin construction of a new 100 megawatt solar power plant near the town of Pofadder. In Morocco, expansion of a giant solar power plant near the city of Ourzazate will soon increase its capacity to 580 megawatts. Solar energy has been slower to arrive …

Bailout inspectors have returned to Athens as Greece races to comply with the final terms of its rescue program, which ends in August. Negotiations resumed Monday, with Greece still facing dozens of measures to address in the next ten days to remain on track for an agreement next month on …

Some of the biggest automakers in Europe are joining forces to build a highway network of fast-charging stations they hope will boost sales of electric vehicles. The idea is to let drivers plug in, charge in minutes instead of hours, and speed off again — from Norway to southern Italy, and …

President Donald Trump says he is looking for a way to let a Chinese technology firm “get back into business fast” after U.S. trade ruling severely crippled the company. “Too many jobs in China lost,” Trump tweeted Sunday, days after ZTE announced it had ceased “major operating activities.” The U.S. …

There’s a push to level the playing field for women in India, where women account for 42 percent of university graduates but only 24 percent are hired as entry level professionals. Of these, 19 percent are likely to reach senior level management. To make matters worse, the number of women …

Senior officials from the United States, Canada and Mexico ended the latest round of talks on the North American Free Trade Agreement without any major breakthroughs on how to renegotiate the deal. U.S. Trade Representative Robert Lighthizer said Friday after a week of talks in Washington that the United States …

British Prime Minister Theresa May and U.S. President Donald Trump agreed in a phone call Friday that talks were needed to discuss how U.S sanctions on Iran would affect foreign companies operating in the country. Trump’s decision to pull the United States out of the Iranian nuclear deal and revive U.S. economic sanctions …

Mexico will not be rushed into revamping the North American Free Trade Agreement (NAFTA) just to get a deal, Economy Minister Ildefonso Guajardo said on Friday ahead of trilateral talks with his U.S. and Canadian counterparts. Guajardo said he would meet at 1 p.m. EDT (1700 GMT) with Canada’s Foreign …

Motorists with the money can now explore off-road in luxury or just make a statement dropping the kids off at school. Rolls-Royce unveiled its first SUV on Thursday. The Cullinan, named for the diamond in Britain’s Crown Jewels, carries a $325,000 price tag plus an estimated $5,000 gas-guzzler tax. The …

Burden or business opportunity? A new U.N.-backed study of refugees from the World Bank’s International Financial Corporation argues for the latter. The IFC researchers examined one of Africa’s oldest and largest refugee camps, Kakuma in northwest Kenya. What they found is a growing consumer base they say is ripe for …

A senior United Nations official says trade protectionism, rising private and corporate debt, and shortcomings in revenue raising are growing challenges to the economic outlook for the Asia Pacific. Shamshad Akhtar, executive secretary of the UN’s Economic and Social Commission for Asia and the Pacific (UNESCAP), noted the threats of …

Mexico on Thursday indicated time was running out to see whether NAFTA nations could agree a new deal in the short term while Canada struck a upbeat tone, saying top-level talks this week had achieved a great deal. Major differences remain between the three members of the North American Free …

Virginia Wallen is a wife, a mother of three, and a woodworker. She achieved what she has never imagined she would — turning her carpentry hobby into a business. The entrepreneur isn’t just succeeding in her new career, she’s tearing down stereotypes and building a new role model. It happens …