Doug Fabbioli is concerned about the future of the rural economy, as urban sprawl expands from metropolitan areas into farm fields and pastureland. The Virginia winery owner decided to be part of the solution and founded The New AG School. As Faiza Elmasry tells us, the school’s mission is raising …
your ad hereChina Eyes Australian Donkey Exports
The Northern Territory government in Australia says it has been approached by nearly 50 Chinese companies looking to buy land to start donkey farms. Demand for donkey products, especially donkey-hide gelatin is increasing in China, while global supplies are falling. The Northern Territory government has bought a small herd of …
your ad hereFull Steam Ahead for Mozambique’s Rail Network
Dozens of passengers line up in single file along the platform in the dead of night, ready to gather their luggage and pile into the ageing railway carriages. At the small railway station in Nampula, in northeastern Mozambique, the 4:00 a.m. train to Cuamba in the north west is more …
your ad herePence Says NAFTA Deal Possible in Several Weeks
U.S. Vice President Mike Pence said Saturday that he was leaving a summit of Latin American countries in Peru very hopeful that the United States, Mexico and Canada were close to a deal on a renegotiated NAFTA trade pact. Pence told reporters it was possible that a deal would be reached in the next several weeks. The …
your ad hereIndia’s Federal Police File Case Against Former UCO Bank Chairman
India’s federal police said Saturday that they had filed a case against a former chairman of state-run UCO Bank and several business executives alleging criminal conspiracy that caused a loss of 6.21 billion rupees ($95.17 million). Police said officials at the bank had colluded with private infrastructure firm Era Engineering Infra Ltd. and investment banking firm …
your ad hereTrump Task Force to Study Postal System Finances
After weeks of railing against online shopping giant Amazon, President Donald Trump signed an executive order Thursday creating a task force to study the United States Postal System. In the surprise move, Trump said that USPS is on “an unsustainable financial path” and “must be restructured to prevent a taxpayer-funded …
your ad hereChina Trade Deficit in March, Surplus with US for Quarter
China’s exports growth unexpectedly fell in March, raising questions about the health of one of the economy’s key growth drivers even as trade tensions rapidly escalate with the United States. March import growth beat expectations, however, suggesting its domestic demand may still be solid enough to cushion the blow from …
your ad hereYear-Round Sales of E15 Fuel Possible, Trump Says
U.S. President Donald Trump said Thursday that his administration might allow the sale of gasoline containing 15 percent ethanol year-round, which could help farmers by firing up corn demand but faces opposition from oil companies. The proposal marked the latest move by the Trump administration to navigate the rival oil and corn constituencies as they clash …
your ad hereTrump Wants to Rejoin Pacific Trade Pact
Japan has cautiously welcomed the news that U.S. President Donald Trump wants to rejoin the Trans-Pacific Partnership. “If this means that President Trump is correctly evaluating the significance and effects of the TPP, it’s something we want to welcome,” Toshimitsu Motegi, Japan’s trade minister, said Friday. He added that the …
your ad hereWorld Trade Body Warns US-China Tensions May Dent Business
The World Trade Organization predicts continued trade growth this year, though it warns that tensions and “tit-for-tat” retaliatory measures, notably between the U.S. and China, could compromise those projections. WTO Director-General Roberto Azevedo laid out the trade body’s predictions at a news conference Thursday amid concerns about a trade war …
your ad hereEU Seeks to Protect Farmers From Unfair Trade Practices
The European Union executive is seeking to protect farmers by imposing fines on retailers and supermarket chains using unfair trade practices. EU Farm Commissioner Phil Hogan said Thursday the plan was “about giving voice to the voiceless” as small-scale farmers across the EU have struggled to eke out a …
your ad hereAnother Trump Trade War, This Time with Rwanda over Clothes
The sweaty mechanic tossed aside the used jeans one by one, digging deep through the pile of secondhand clothes that are at the center of another, if little-noticed, Trump administration trade war. The used clothes cast off by Americans and sold in bulk in African nations, a multimillion-dollar business, …
your ad hereSolar Surge Threatens Hydro Future on Mekong
Thousands of megawatts of wind and solar energy contracts in the Mekong region of Southeast Asia have been signed, seriously challenging the financial viability of major hydropower projects on the river, an energy expert told a water conference last week. Buoyed by a recent Thai government decision to delay a …
your ad hereFarmers Fret Over Trump’s Trade Tactics
The increasing trade tensions between the United States and China has rattled farmers in the American heartland, the place where many of the products on which China seeks to impose a tariff are produced. As VOA’s Kane Farabaugh reports, those farmers, once supportive of President Trump, are increasingly wary about …
your ad hereIMF Chief Warns Global Trade in Danger
The head of the International Monetary Fund is warning that the global trading system is in danger of being “torn apart.” In a speech prepared for delivery in Hong Kong Wednesday, Christine Lagarde urged nations to “steer clear of protectionism.” That may be a reference to Washington’s recent moves …
your ad hereUS Federal Reserve Proposes New Capital Rules for Banks
The Federal Reserve on Tuesday proposed new rules that could allow some large banks to reduce the amount of capital they must hold as a cushion against a future economic shock. The proposal may clear the way for some large banks to reduce their capital levels in the future, but …
your ad hereFederal Reserve Proposes New Capital Rules for Banks
The Federal Reserve on Tuesday proposed new rules that could allow some large banks to reduce the amount of capital they must hold as a cushion against a future economic shock. The proposal may clear the way for some large banks to reduce their capital levels in the future, but …
your ad hereRussian Retailers Warned of Price Increase After Ruble Tumbles
Russian retailers warned of price increase after ruble tumbles European electronic and household goods manufacturers have warned Russian retailers of a possible 5 to 10 percent rise in prices after the ruble tumbled this week due to U.S. sanctions, retailers said on Tuesday. Eldorado, which operates over 400 stores in …
your ad hereTurkish Currency Hits Record Lows Over Fears of Overheating Economy
The Turkish lira Tuesday hit another historic low against the U.S. dollar amid growing financial market concerns that the Turkish economy is overheating. With elections on the horizon, the government is stoking economic growth. The latest figures saw growth running at over 7 percent, making Turkey one of the fastest-growing …
your ad hereGazprom Says Gas Transit via Ukraine to Europe May Fall to 10-15 bcm per Year
Future Russian gas transit flows through Ukraine to Europe may be between 10 and 15 billion cubic metres per year, Alexei Miller, head of Russian gas giant Gazprom, said on Tuesday, which is a significant decline from current levels. Miller issued his comments after German Chancellor Angela Merkel said that …
your ad hereAmerica’s Equal Pay Day Dismay
Tuesday, April 10, is Equal Pay Day in the United States. Advocates designated the day to mark how much longer women must work, on average, to earn as much as men averaged in the previous year. Germany recognized Equal Pay Day on March 10. The Czech Republic will observe it …
your ad hereChina’s Xi Pledges to Cut Auto Tariffs, Press Ahead With Reforms
China’s President Xi Jinping did not mention U.S. President Donald Trump by name or speak directly about rising trade frictions with Washington during a closely watched speech at the Boao Forum — China’s version of Davos for Asia. But the pledges Xi made to press forward with economic reforms had …
your ad hereChina’s Xi Promises to Lower Tariffs this Year, Open Economy Further
Chinese President Xi Jinping on Tuesday promised to open the country’s economy further and lower import tariffs on products including cars, in a speech that comes amid rising trade tensions between China and the United States. Xi also said China would raise the foreign ownership limit in the automobile sector …
your ad hereBusy Bees Turn Afghan Schoolgirl Into an Entrepreneur
In war-torn Afghanistan, honey is regarded as a traditional cure-all but for one schoolgirl, the sticky commodity has also created sweet opportunities to work and own a business in a country where few women do so. Three years ago, Frozan, now 19 years old, obtained a small loan, bought two …
your ad hereIran Unifies Official and Open Market Exchange Rates as Rial Hit New Low
Iran unified the country’s official and open market exchange rates, state media said, after its currency, the rial, plunged to an all-time low on Monday on concerns over a return of crippling sanctions. The U.S. dollar jumped in a day from 54,700 rials to 60,000 rials in the open market …
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