Indonesia’s strict crackdown on illegal foreign fishing boats is paying off, according to new research. Kicking out interlopers has relieved pressure on the country’s overtaxed fisheries at no cost to its domestic industry, the study says, and may point the way for other countries to make their fisheries more sustainable. …

U.S. stocks surged Monday as fears eased about the possibility of an all-out trade war with China over competing tariff increases. The closely watched Dow Jones Industrial Average of 30 key stocks jumped by more than 1.5 percentage point in New York in early-day trading and other indexes were also …

U.S. firearms and ammunition manufacturer Remington has filed for bankruptcy protection in order to reorganize its operations and put in place a debt reduction deal with its creditors. The company filed its petition for the so-called Chapter 11 bankruptcy Sunday, six weeks after announcing an agreement to reduce its $950 …

A senior Chinese official is warning that a trade war would hurt all sides and set off a “greater conflict.” “A trade war serves the interests of none. It will only lead to serious consequences and negative impact,” Vice Premier Han Zheng said at a development forum in Beijing Sunday. …

In Russia’s far north, the city of Vorkuta is slowly being reclaimed by the Arctic tundra. Its population has plummeted as the local coal mines have closed, and the very future of the city is in doubt. As Henry Ridgwell reports for VOA, Vorkuta’s fate reflects a wider population crisis …

Tourist numbers in Indonesia swelled last year on the back of overseas advertising and infrastructure development. President Joko Widodo has said he wants to “create 10 tourist destinations like the island of Bali.” But the pleasing economic numbers also come with a social and environmental cost as rampant development threatens …

German business leaders are expressing concerns that President Donald Trump’s 25 percent tariff on imported steel could affect the auto industry in the South.   WABE Radio reports Mercedes-Benz USA this month opened its new North American headquarters in Sandy Springs, Georgia, for 1,000 employees. The luxury car manufacturer is …

The United States has flouted trade rules with an inquiry into intellectual property and China will defend its interests, Vice Premier Liu He told U.S. Treasury Secretary Steven Mnuchin in a telephone call on Saturday, Chinese state media reported. The call between Mnuchin and Liu, a confidante of President Xi …

H. Wayne Huizenga, a college dropout who built a business empire that included Blockbuster Entertainment, AutoNation and three professional sports franchises, has died. He was 80. Huizenga died Thursday night at his home, said Valerie Hinkell, a longtime assistant. The cause was cancer, said Bob Henninger, executive vice president of …

New orders for key U.S.-made capital goods rebounded more than expected in February after two straight monthly declines and shipments surged, which could temper expectations of a sharp slowdown in business spending on equipment in the first quarter. The Commerce Department’s report on Friday could prompt economists to raise their …

Russia will likely prepare a list of restrictions on imported products from the United States in response to U.S. tariffs on steel and aluminum, Moscow’s trade ministry said on Friday, according to Interfax news agency. The announcement came after China threatened to retaliate to U.S. President Donald Trump’s measures, stoking …

U.S. President Donald Trump on Thursday signed a memo paving the way for major tariffs on Chinese imports. It’s part of Trump’s plan to crack down on China’s theft of intellectual property. But many U.S. farmers are worried the tariffs will prompt China to retaliate against their products. VOA’s Kane …

The White House announced late Thursday which countries will be temporarily exempt from the tariffs on steel and aluminum that go into effect Friday. Earlier this month, President Donald Trump announced 25 percent tariffs on steel coming into the country and 10 percent tariffs on imported aluminum. The countries winning …

Saudi Arabia opened its airspace for the first time to a commercial flight to Israel with the inauguration Thursday of an Air India route between New Delhi and Tel Aviv. Air India 139 landed at Tel Aviv’s Ben Gurion Airport after a flight of about 7½ hours, marking a diplomatic …

Just a week after the empire he started announced it is shutting down, Toys R Us founder Charles Lazarus died at 94. “There have been many sad moments for Toys R Us in recent weeks and none more heartbreaking than today’s news about the passing of our beloved founder,” the …

U.S. President Donald Trump signed a presidential memorandum on Thursday initiating actions to consider imposing tariffs on a long list of nearly 1,300 Chinese imported products worth about $60 billion. The move could limit China’s ability to invest in the U.S. technology industry, setting the stage for a possible trade war …

Stocks plunged Thursday after the Trump administration slapped sanctions on goods and investment from China. The Dow Jones industrial average dropped more than 700 points as investors feared that trade tensions between the world’s largest economies would escalate. The planned sanctions include tariffs on $48 billion worth of Chinese imports …

U.S. President Donald Trump signed a document Thursday setting the stage for an estimated $60 billion in new tariffs on Chinese imports that could quickly lead to a trade war with Beijing. The U.S. leader targeted China’s alleged years-long theft of U.S. intellectual property, imposing new restrictions on Chinese investment …

U.S. President Donald Trump often tweets from his iPhone about pressuring China to address its $375 billion trade surplus with the United States. But a closer look at the Apple smartphone reveals how the headline figure is distorted. The big trade imbalance – at the heart of a potential trade …

Toy company executive Isaac Larian says he and other investors have pledged a total of $200 million in financing and hope to raise four times that amount in crowdfunding in order to bid for up to 400 of the Toys R Us stores being liquidated in bankruptcy. The unsolicited bid …

A little more than 40 hours after leaving Moscow’s Yaroslavsky station, the Vorkuta Express pulled into its terminus after a 2,000-kilometer journey through the taiga forests and tundra of Russia’s far north. The city lies 150 kilometers inside the Arctic Circle, seemingly at the edge of human habitation. Its monochrome …

About 150 kilometers inside the Arctic Circle lies the Russian city of Vorkuta, a mining outpost that is rapidly being reclaimed by the elements. Many residents abandoned the city after the fall of the Soviet Union, but 70,000 people remain, largely cut off from the rest of Russia, seemingly trapped …

U.S. Federal Reserve officials voted to raise the central bank’s benchmark interest rate by a quarter of a percent this week, signaling perhaps three or more rate hikes this year as economic conditions improve. But as Mil Arcega reports, rising rates mean higher borrowing costs for consumers, many who have …

U.S. President Donald Trump is expected at any time to fire a salvo directly at China in what could escalate into a full-scale trade war between the world’s two largest economies. Trade actions against China, partly in response to the theft and improper transfer of American technology to Chinese companies, …

U.S. congressional leaders have reached a deal on a $1.3 trillion spending bill as a budget deadline looms. Lawmakers now have until midnight Friday to approve it and prevent the year’s third government shutdown. Passage of the massive bipartisan effort seems certain. The bill, which will keep the government funded …