President Donald Trump’s tariffs on imported aluminum and steel are disrupting business for hundreds of American companies that buy those metals, and many are pressing for relief. Nearly 2,200 companies are asking the Commerce Department to exempt them from the 25 percent steel tariff, and more than 200 other companies …

German Chancellor Angela Merkel backs the idea of a European Monetary Fund, provided national governments have sufficient oversight, sources close to her said before a visit by the French president. President Emmanuel Macron, who will meet Merkel in Berlin on Thursday, is pushing hard for bold euro zone reforms to …

The European Commission will put forward a proposed free-trade agreement with Japan for fast-track approval Wednesday, hoping to avoid a repeat of the public protests that nearly derailed a trade pact with Canada two years ago. The European Union and Japan concluded negotiations to create the world’s largest economic area …

The city of Yanan, a major wind power base in northwest China’s Shaanxi province, has introduced a lottery system to decide which wind projects will go ahead this year, a sign that grid constraints are forcing local governments to restrict capacity. China has been aggressively developing alternative power as part …

Chevron said on Tuesday two of its executives were arrested in Venezuela, a rare move likely to spook foreign energy firms still operating in the OPEC nation stricken by hyperinflation, shortages and crime. Venezuelan Sebin intelligence agents burst into the Petropiar joint venture’s office in the coastal city of Puerto …

VOA’s Celia Mendoza interviewed U.S. Secretary of Commerce Wilbur Ross on the sidelines of the Summit of the Americas in Peru. This is an edited transcript of that interview. Question: Secretary Ross, tell us what the importance is for the United States to do business with Latin America, especially now …

Republican leaders in the U.S. Congress are moving forward with a plan to vote before the 2018 midterm elections on a bill to make permanent the temporary individual tax cuts in their recent tax overhaul. It is not yet clear, however, if the plan would pick up support from Democrats, …

Americans who waited until the last day to file their federal taxes faced a major hurdle hours before the midnight deadline.  The Internal Revenue Service website’s “Direct Pay” page, which allows filers to pay their taxes directly from their bank account free of charge, crashed Tuesday.  The IRS still expects …

Concerned by a rise in near misses by unmanned aircraft and commercial jets, the world’s airlines back development of a U.N.-led global registry for drones, an executive of their trade group said Tuesday. The International Air Transport Association backs efforts by the U.N. aviation agency to develop such a registry, which could also help …

Starbucks said Tuesday it will close all of its more than 8,000 company-owned U.S. stores on May 29 to educate employees about racial bias in an attempt to prevent more acts of discrimination. The announcement was made days after the arrest of two African American men who sat in a …

Some of Europe’s biggest venture capital firms are buying into sales of new virtual coins or asking their investors to give them the freedom to do so, in a sign of mainstream investor backing for the booming but controversial crowd-funding tool. Germany’s HV Holtzbrinck Ventures, which has more than 1 …

International Monetary Fund experts say the global economy will continue growing well for the next two years, but expect expansion to slow after 2020. IMF research director Maurice Obstfeld said Tuesday fading trade could hurt growth and, “The first shots in a potential trade war have now been fired.” He …

South African President Cyril Ramaphosa appointed a team of business and finance experts on Monday to hunt the globe for $100 billion in investment to boost the ailing economy. The team of economic envoys includes ex-finance minister Trevor Manuel as well as a former top banker. Ramaphosa became president in …

Russia’s drive to build a large power-generating turbine to lessen its dependence on Western technology has suffered a major set-back after a prototype broke beyond repair, two sources familiar with the project told Reuters. In the past few years Russia has imported the large-capacity gas turbines required to run modern …

Wall Street indexes rose on Tuesday as strong earnings from Netflix, Goldman Sachs and healthcare companies boosted optimism over what is expected to be the strongest earnings season in seven years. Netflix shares surged 6.2 percent after the video-streaming pioneer smashed analysts’ quarterly subscriber estimates, helped by a blitz of …

China has responded to U.S. President Donald Trump’s charges China and Russia are manipulating the value of their currencies. Monday, Trump tweeted, “Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates. Not acceptable!” His charge came just days after the U.S. Treasury Department …

The Supreme Court is hearing arguments about whether a rule it announced decades ago in a case involving a catalog retailer should still apply in the age of the internet. The case on Tuesday focuses on businesses’ collection of sales tax on online purchases. Right now, under the decades-old Supreme …

Every year when the pastoralist men in Fatima Demba’s Mauritanian village return from their months-long journey to find pastures and water, the women erupt in wild celebrations. “We draw henna tattoos on our bodies, we braid our hair, we wear our nicest clothes,” she said, re-adjusting her bright yellow and …

U.S. President Donald Trump said on Monday it is unacceptable that Russia and China are devaluating their currencies, days after the Treasury Department declined to label these countries as currency manipulators in its latest report.   Amid a possible new round of sanctions against Russia and a simmering trade war …

South African President Cyril Ramaphosa appointed a team of business and finance experts on Monday to hunt the globe for 100 billion rand ($8 billion) in investment to boost the ailing economy. The team of economic envoys includes two former finance ministers — Trevor Manuel and Pravin Gordhan, who now …

The European Union is seeking compensation from the United States for U.S. tariffs on steel and aluminum, despite Washington’s assertion that they are not subject to World Trade Organization rules, a WTO filing showed Monday. In a step already taken by China, the EU said it did not accept the …

Consumers in the Chinese capital of Beijing are watching closely the simmering trade spat between China and the United States and some are concerned about the possible impact heightened trade frictions, if not an all-out trade war, could have on the cost of goods and even the broader economy. VOA’s Bill Ide files this report. …

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, the school’s mission is raising the next generation of farmers.  …

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 …

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 …