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BRUSSELS — The European Commission said on Friday it had received enough support from E.U. members to impose tariffs of up to 45% on Chinese electric vehicle imports in the bloc’s highest profile trade case, but would continue to negotiate with Beijing. The Commission, which oversees the bloc’s trade policy, has …

detroit — The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports reached a deal Thursday to suspend a three-day strike until January 15 to provide time to negotiate a new contract. The union, the International Longshoremen’s Association, is to resume working immediately. The temporary end to the …

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In the American Midwest, a local fight over a Chinese electric vehicle battery factory reflects broader controversy over Chinese investments in the U.S. VOA’s Calla Yu reports on how the issue of U.S.-China competition is playing out in a small city in Michigan during this year’s U.S. presidential election. Videographer: …

Harare, Zimbabwe — The value of Zimbabwe’s gold-backed currency plunged 44% Friday on the official market. The sudden drop of the gold backed currency, known as ZiG, began Friday shortly after the Reserve Bank of Zimbabwe’s monetary committee met and bank governor John Mushayavanhu said that after looking at “the recent …

London — As world leaders gather for the annual United Nations General Assembly in New York this week, the charity Oxfam says they are being undermined by what it calls a “global oligarchy” of the super-rich who exert considerable control over the global economy – and who it blames for exacerbating …

PITTSBURGH — U.S. Vice President Kamala Harris said on Wednesday she would offer tax credits to domestic manufacturers and invest in sectors that will “define the next century,” as she detailed her economic plan to boost the U.S. middle class. Speaking at the Economic Club of Pittsburgh in the battleground state …

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NEW YORK — The U.S. Justice Department filed an antitrust lawsuit against Visa on Tuesday, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market, costing consumers and businesses billions of dollars. The complaint says Visa penalizes merchants and banks who don’t …

Colombo, Sri Lanka — Sri Lanka’s new leftist president appointed his Cabinet Tuesday ahead of an expected snap parliamentary election as he prepares to renegotiate the bankrupt island nation’s unpopular International Monetary Fund bailout program.   Self-avowed Marxist Dissanayake of the People’s Liberation Front (JVP) was sworn into office on Monday after …

Berlin — Germany’s leading economic institutes have downgraded their forecast for 2024 and now see Europe’s largest economy shrinking by 0.1%, people familiar with the figures from the autumn joint economic forecast told Reuters on Tuesday.  Germany’s economy was the weakest among its large euro zone peers last year with a …

Brussels, Belgium — Eurozone business activity declined for the first time in seven months in September, as France lost steam after the end of the Paris Olympic Games, a key survey said Monday.   S&P Global’s purchasing managers’ index (PMI) — a key gauge of the overall health of the economy — dropped …

New York — The U.S. Commerce Department said Monday it’s seeking a ban on the sale of connected and autonomous vehicles in the U.S. that are equipped with Chinese and Russian software and hardware with the stated goal of protecting national security and U.S. drivers. While there is minimal Chinese and …

Brussels — The European Commission launched a challenge at the World Trade Organization (WTO) on Monday against China’s investigation into EU dairy products, initiated after the European Union placed import tariffs on Chinese electric vehicles.  This is the first time the European Union has taken such action at the start of …

Washington — Even before the Federal Reserve approved its outsized half-percentage-point interest rate cut last week, financial markets had begun making credit cheaper for households and businesses as they bid down mortgage rates, cut corporate bond yields, and chipped away at what consumers pay for personal, auto and other loans. How …

NEW YORK — A roaring rally in U.S. stocks will face a gauntlet of economic data, looming political uncertainty and a corporate earnings test in coming weeks as investors navigate one of the most volatile periods of the year for equity markets.   The benchmark S&P 500 .SPX last week hit its …

ABUJA, NIGERIA — The high inflation rate in Nigeria dropped slightly in August, but a decline in the value of the nairia and a continued increase in fuel prices are eroding the slight gains and threatening to reignite the inflationary trend. Michael Anthony, an engineer and father of four, still faces …

Frankfurt, Germany — Germany wants to support Volkswagen and help it avoid factory closures but the ailing car giant will have to fix most of its problems itself, Economy Minister Robert Habeck said Friday.   Volkswagen said earlier this month it needed significant restructuring to stay competitive, and was considering shutting sites …

HONG KONG — Asian stocks surged Friday with Japan’s Nikkei leading regional gains after Wall Street romped to records following the Federal Reserve’s big cut to interest rates. U.S. futures and oil prices were lower. The Bank of Japan ended a two-day monetary policy meeting and announced it would keep its …

WASHINGTON — President Joe Biden said Thursday the Federal Reserve’s decision to lower interest rates was “an important signal” that inflation has eased as he characterized Donald Trump’s economic policies as a failure in the past and sure to “fail again” if revived.  “Lowering interest rates isn’t a declaration of victory,” …

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Brussels — Teresa Ribera will have to square up to Big Tech, banks and airlines if confirmed as Europe’s new antitrust chief, while juggling calls for looser rules to help create EU champions. Nominated Tuesday by European Commission President Ursula von der Leyen for the high-profile antitrust post, Ribera has been …

CHENNAI, India — Police on Monday detained 104 striking workers protesting low wages at a Samsung Electronics plant in southern India as they were planning a protest march without permission, with the dispute disrupting output at the key factory for the past week. The detention marks an escalation of a strike …

OTTAWA, Ontario — Air Canada and the union representing its pilots have come to terms on a labor agreement that is likely to prevent a shutdown of Canada’s largest airline.  Talks between the company and the Air Line Pilots Association produced a tentative, four-year collective agreement, the airline announced in a …