The White House said Tuesday that it expected to wrap up trade talks with the European Union, Canada and Mexico within the 30 extra days of freedom from tariffs that President Donald Trump granted the previous day. “Hopefully, we can get something that works for everybody,” spokeswoman Sarah Huckabee Sanders …
your ad hereInstead of Spring Bounce, US April Auto Sales See Thud
Major automakers on Tuesday posted lower U.S. new vehicle sales in April as consumer demand continued to weaken and competition intensified following a lengthy boom for the industry. Auto sales have been on a bit of a roller coaster ride this year, with a weak performance in February followed by …
your ad herePace of US Factory Growth Slows Again in April
U.S. manufacturers say the pace of their expansion continued to slow in April, with many factories saying their output is still growing but is crimped by shortages of workers and skills. The Institute for Supply Management, a trade group of purchasing managers, reported Tuesday that its manufacturing index fell to …
your ad hereHigh Pension Costs Lurk Behind US Teacher Push for More Pay
The loudest rallying cries from Colorado teachers protesting for more education dollars were about dwindling paychecks that are steadily losing ground to the state’s rising cost of living. Teachers usually say a persistent funding shortage, which has cost public schools $6.6 billion since 2009, led them to walk off the …
your ad hereIconic Guitar Maker Gibson Seeks Bankruptcy Protection
The maker of the Gibson guitar, omnipresent for decades on the American music stage, is filing for bankruptcy protection after wrestling for years with debt. A pre-negotiated reorganization plan filed Tuesday will allow Gibson Brands Inc. to continue operations with $135 million in financing from lenders. Gibson guitars have been …
your ad hereUN Urban Chief on Mission to Reform, Make Cities Better for Women
With cities facing their fastest growth ever, the head of the United Nations’ agency for urban development is on a mission — to revitalize the organization and ensure people, particularly women, are central to future planning. Maimunah Mohd Sharif, the former mayor of Penang who took up the role of …
your ad hereRussia’s Gazprom: Sea Portion of TurkStream First Line Completed
Russia’s Gazprom said on Monday it had completed the sea portion of the first line of the TurkStream offshore gas pipeline across the Black Sea. Gazprom, which plans to complete the pipeline in 2019, said in a statement that 1,161 km, of pipe had been laid since it began construction …
your ad hereMexican Companies Hedge, Delay Deals as NAFTA, Elections Loom
Mexican companies are delaying investment, bringing forward imports to protect against currency swings and warning the next few months could be volatile as the NAFTA trade talks reach a climax and July’s presidential election nears. From bakers to retailers and construction firms, more than a dozen of Mexico’s biggest companies …
your ad hereOffshore Wind Power Firms See Taiwan as a Battleground to Expand in Asia
Taiwan is becoming the next battleground for the world’s top offshore wind developers as they seek a foothold in Asia for a technology that has been expanding fast in Europe. Taiwan announced results Monday of its first major offshore wind farm auction that aims to add 3.8 gigawatts (GW) of …
your ad hereTrump Postpones Steel Tariff Decision for Canada, EU, Mexico
U.S. President Donald Trump has postponed a decision on imposing steel and aluminum tariffs on Canada, the European Union and Mexico until June 1, and has reached an agreement in principle with Argentina, Australia and Brazil, a source familiar with the decision said on Monday. The decision came just hours …
your ad hereUgandan Government Eyes Tax on Mobile Data Use
Uganda’s President Yoweri Museveni was criticized this month when he asked the Finance Ministry to find a way to tax social media use, in order to control what he called “gossip” online. Officials have since walked back that characterization, though they say they are pushing ahead with efforts to add …
your ad hereUS Wireless Carriers T-Mobile, Sprint Announce Merger
The third and fourth biggest U.S. wireless carriers, T-Mobile and Sprint, said Sunday they plan to merge, the third attempt they’ve made to join forces against the country’s two biggest mobile device firms, Verizon and AT&T. The deal, if it happens this time, calls for T-Mobile to buy Sprint for …
your ad hereThe Store Where Everything Is Made in America
From T-shirts, socks and toys to knives and lanterns, a store in upstate New York takes pride in only selling goods that are made in America. Olga Loginova from VOA’s Russian service talked to the store owner about his business, which emerged after the 2008 financial crisis. …
your ad hereConsumers Close Wallets, Trim US 1st Quarter Growth
The U.S. economy likely slowed in the first quarter as growth in consumer spending braked sharply, but the setback is expected to be temporary against the backdrop of a tightening labor market and large fiscal stimulus. Gross domestic product probably increased at a 2.0 percent annual rate, according to a …
your ad hereAmazon Delivers Profits, a $20 Prime Hike, NFL Games
Amazon.com Inc. more than doubled its profit Thursday and predicted strong spring results as the world’s biggest online retailer raised the price for U.S. Prime subscribers, added U.S. football games and touted its cloud services for business. The results showed the broad strength of the company, which has been expanding …
your ad hereMexico Economy Minister Says NAFTA Revamp Talks ‘Not Easy’
Much remains to be done before a new North American Free Trade Agreement is reached, Mexican Economy Minister Ildefonso Guajardo said Thursday, tempering hopes for a quick deal as ministers met in Washington for a third successive day. Negotiators from the United States, Mexico and Canada have been working constantly …
your ad hereConocoPhillips Wins $2 Billion Arbitration Against Venezuela
ConocoPhillips says it won a $2 billion arbitration award against Venezuela’s state oil company over the seizure a decade ago of investments in two projects in the OPEC nation. The award represents the equivalent of more than 20 percent of the cash-strapped Venezuelan government’s foreign currency reserves. The Houston-based company …
your ad hereWorld Bank Disputes US Audit of Afghan Reconstruction Program
The World Bank has disputed U.S. government findings that billions of dollars of donor funds flowing into Afghanistan are at risk due to lack of oversight and transparency. The project in question is called Afghanistan Reconstruction Trust Fund, or ARTF, and is being administered by the World Bank. It is …
your ad hereKenya Economy Seen Rebounding After Election Slowdown
Kenya’s economy is expected to rebound to 5.8 percent growth in 2018 after electoral uncertainty and drought cut last year’s expansion to the lowest level in more than five years, Finance Minister Henry Rotich said Wednesday. The economy will benefit from increased investment in key areas like manufacturing, farming, housing …
your ad hereUS Pecan Growers Seek to Break Out of the Pie Shell
The humble pecan is being rebranded as more than just pie. Pecan growers and suppliers are hoping to sell U.S. consumers on the virtues of North America’s only native nut as a hedge against a potential trade war with China, the pecan’s largest export market. The pecan industry …
your ad hereBeijing Auto Show Highlights E-cars Designed for China
Volkswagen and Nissan have unveiled electric cars designed for China at a Beijing auto show that highlights the growing importance of Chinese buyers for a technology seen as a key part of the global industry’s future. General Motors displayed five all-electric models Wednesday including a concept Buick SUV it says …
your ad hereUS Visits to Cuba Plunge Following Trump Measures
A steep drop in U.S. travelers to Cuba after a tightening of travel restrictions by President Donald Trump helped drive a 7 percent slide in foreign visitors to the Caribbean island in the first three months of 2018, Cuban official data showed on Tuesday. The U.S. restrictions and warning on …
your ad hereUS-China Trade Fight Reaches Top American Court in Antitrust Case
President Donald Trump’s trade fight with China moved inside the white marble walls of the U.S. Supreme Court on Tuesday, where lawyers for both countries faced off over whether Chinese companies can be held liable for violating U.S. antitrust laws. The nine justices heard arguments in an appeal by two …
your ad hereEgypt’s Rice Farmers See Rough Times Downstream of Nile Mega-dam
Rice farmers in Kafr Ziada village in the Nile River Delta have ignored planting restrictions aimed at conserving water for years, continuing to grow a medium-grain variety of the crop that is prized around the Arab world. A decision thousands of kilometers to the south is about to change that, …
your ad hereAmazon Boss Bezos Supports Scrutiny of Big Companies
Amazon Chief Executive Jeff Bezos said Tuesday that it was right that big companies are scrutinized and that his firm would respond to any new regulations by finding new ways to please its customers. Bezos was speaking in Berlin, where he received an award from German media company Axel Springer, and …
your ad here