The Digital Revolution’s Double-Edged Sword

Digital developments that have upended businesses throughout the global economy, from music to manufacturing, are also changing what the world trades and how manufacturers and merchants move and sell their goods. Experts tell VOA’s Jim Randle, the digital revolution presents significant opportunities, but also serious problems, for countries. …

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The Euro Currency Turns 20 Years Old on Tuesday

The euro currency turns 20 years old on January 1, surviving two tumultuous decades and becoming the world’s No. 2 currency. After 20 years, the euro has become a fixture in financial markets, although it remains behind the dollar, which dominates the world’s market. The euro has weathered several major …

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Lampert Makes $4.4 Billion Bid to Keep Sears Alive

Sears Holdings Corp. Chairman Eddie Lampert submitted a $4.4 billion takeover bid for the bankrupt U.S. retailer, representing its only chance of escaping liquidation and laying off tens of thousands of workers, a spokesman for the billionaire’s hedge fund said Friday. Lampert’s bid is backed in part by $1.3 billion …

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Strong Week, Yet Horrible Month for Wall Street

Wall Street capped a week of volatile trading Friday with an uneven finish and the market’s first weekly gain since November.    Losses in technology, energy and industrial stocks outweighed gains in retailers and other consumer-focused companies. Stocks spent much of the day wavering between small gains and losses, ultimately …

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Dow Finishes Up 1.1 Percent as US Stocks Rebound

Wall Street stocks finished solidly higher Thursday following a late-afternoon surge as worries over slowing economic growth gave way to bargain-hunting. The Dow Jones Industrial Average finished at 23,138.82, an increase of 1.1 percent and up some 870 points from the low point of the session. The broad-based S&P 500 …

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Report: US Retail Holiday Sales Best in 6 Years

Retail sales in the U.S. for the 2018 holiday season were up more than 5 percent to more than $850 billion, according to data Mastercard released Wednesday, making 2018 the best holiday retail season in the last six years. The Mastercard SpendingPulse report tracks retail spending across all payment types, …

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Koreas Celebrate Joint Railway

North and South Korea held a groundbreaking ceremony Wednesday to mark the start of a joint project to connect railways throughout the divided peninsula. The event was held after both Korea’s inspected railways along the peninsula’s east coast. Ministry of Foreign Affairs Special Representative for Korean Peninsula Peace and Security …

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Former Nissan Executive Released from Tokyo Jail

Former Nissan Motor Co. executive Greg Kelly was released from jail in Japan Tuesday after a Tokyo court rejected prosecutors’ request to continue to detain him. The Tokyo District Court granted his release after setting bail at $636,000. Kelly had been detained for 37 days after being arrested and charged …

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Japan Stocks Fall Below 20,000

Shares on Japan’s key stock exchange plummeted Tuesday, highlighting investor fears about political turmoil in Washington and this month’s massive losses on Wall Street. The Nikkei 225 Index lost 1,000 points — five percent of its value –to close Tuesday at 19,155, finishing under 20,000 points for the first time …

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Trump Blames Fed for Market Turmoil

U.S. stock markets fell sharply on Monday with the S&P 500 down more than two percent and the Dow off nearly three percent. President Donald Trump is blaming the Federal Reserve (central bank) for stock market declines and other economic problems. In tweets, Trump has said the only U.S. economic …

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