Fall armyworm has spread to Cameroon. The pest has attacked crops in at least 24 African countries. In Cameroon, the Ministry of Agriculture says it is particularly concerned about the impact of the fall armyworm infestation in the north and the east of the country. Minister-delegate Ananga Messina says fall …
Gasoline prices have been rising and oil costs have been changing as Hurricane Harvey’s winds and rising floodwaters slam into a part of Texas that has a significant portion of the nation’s oil industry, particularly oil refineries, shipping, and production. By Monday, gasoline futures rose by as much as seven …
U.S. President Donald Trump renewed his threat to scrap NAFTA and ripped on trading partners Canada and Mexico in a tweet early on Sunday, days before the three countries were scheduled to hold a second round of negotiations on rewriting the 23-year-old agreement. “We are in the NAFTA (worst trade …
The head of the U.S. central bank says the financial system is safer now than it was before the recession, and urges Washington to make some adjustments in financial regulations, rather than trash them. Federal Reserve Chair Janet Yellen says the recession of 2008 cost nine million American jobs and …
South Korea this week pushed back against the United States’ demand to renegotiate the free trade agreement (FTA) between the close allies. U.S. President Donald Trump has repeatedly criticized the five-year-old Korea-U.S. (KORUS) FTA as a horrible deal that created a $27 billion U.S. trade deficit with South Korea last …
When Ha Tran of Ho Chi Minh City shops for food, clothes or electronics, she avoids merchandise she can tell comes from Vietnam’s giant neighbor, China. It might not work, she said, and China is no friend of Vietnam anyway. “China exports many low-quality products to Vietnam, but we know …
Argentina’s government is investigating all options and reserves the right to take legal action over the United States’ imposition of steep duties on imports of Argentine biodiesel, the Foreign Ministry said in a statement Thursday. The statement said the imposition of duties above 50 percent, announced Tuesday, does not correspond …
Tesla next month plans to unveil an electric big-rig truck with a working range of 200 to 300 miles, Reuters has learned, a sign that the electric car maker is targeting regional hauling for its entry into the commercial freight market. Chief Executive Elon Musk has promised to release a …
Former U.S. President Ronald Reagan will be inducted into the Labor Department’s Hall of Honor. Labor Secretary Alexander Acosta made the announcement Thursday at the Ronald Reagan Presidential Library & Museum in Simi Valley, California. Reagan is the only union leader to occupy the White House. The former actor was …
President Donald Trump’s comments at a Phoenix rally that he will probably end up terminating the North American Free Trade Agreement brought cheers from the crowd but groans from the state’s top business group. Arizona Chamber of Commerce and Industry President Glenn Hamer posted a video calling any termination a …
President Donald Trump said Tuesday that he was willing to shut down the government to get funding for a U.S.-Mexico border wall, complicating two must-pass measures Congress will take up in September: a spending package and raising the debt ceiling. Here is what you need to know about both, and …
Just beyond the outskirts of Cairo on a desert road to the Suez Canal, a sprawling industrial zone is coming to life as Egypt’s leather industry leaves behind its ancient tanning quarters for modern workshops of Robiki Leather City. The new complex is part of a major expansion drive of …
White House adviser Jared Kushner and visiting U.S. officials were snubbed by the Foreign Ministry in Cairo on Wednesday in apparent protest over the Trump administration’s move to cut and delay aid to Egypt. Egypt’s top diplomat, Sameh Shoukry, was to meet with the U.S. delegation headed by Kushner, …
China has objected to new sanctions the United States imposed against a group of Chinese and Russian companies for allegedly supporting North Korea’s nuclear program. Chinese Foreign Ministry spokeswoman Hua Chunying said at a news briefing that the sanctions are not helping U.S.-China cooperation on efforts to rein in North …
South Korea’s top trade negotiator said Tuesday that Seoul will not discuss renegotiation of the free trade agreement with the U.S. without first looking into what is really causing the U.S. trade imbalance. Speaking after a video conference with U.S. trade representative Robert Lighthizer, South Korean Trade Minister Kim Hyung-chong …
Violence surged in rural central Kenya earlier this year as armed northern herders brought thousands of cattle, sheep and goats onto private property, prompting clashes that took the lives of humans and wildlife. As drought raged on, it did not help that some politicians encouraged constituents to graze their …
McDonald’s India has announced it will close 169 McDonald’s outlets in northern and eastern India after the American fast food giant decided to terminate a franchise agreement with its Indian partner. McDonald’s said its partner Connaught Plaza Restaurants violated the terms of the franchise agreement, including reneging on payment of …
Hyundai Motor plans to launch a pickup truck in the United States as part of a broader plan to catch up with a shift away from sedans in one of the Korean automaker’s most important markets, a senior company executive told Reuters. Michael J. O’Brien, vice president of corporate and …
Senate Majority Leader Mitch McConnell says there is “zero chance” Congress will allow the country to default on its debts by voting to not increase the borrowing limit. McConnell’s comments came Monday during a joint appearance in his home state of Kentucky with U.S. Treasury Secretary Steven Mnuchin. It …
Wisconsin Assembly Democratic Leader Peter Barca was branded as failing “on all accounts” by a fellow Democrat who was “incredibly frustrated and concerned” with his actions after Barca joined Republicans in voting for a $3 billion tax incentive package for Foxconn Technology Group. Emails obtained by The Associated Press …
Venezuelan President Nicolás Maduro says new measures will be rolled out this week to combat economic speculation in the crisis-ridden country. In an interview distributed via state-run media Sunday, Maduro said he was working with a “special commission” of the new, pro-government Constituent Assembly to clamp down on price …
The port of Tripoli in northern Lebanon wants the world to know it’s ready for business. British safety managers are training local hires to operate heavy machinery and Chinese technicians are running diagnostics on two new container cranes that tower over the harbor, just 28 kilometers (18 miles) from …
The United States, Canada and Mexico wrapped up their first round of talks on Sunday to revamp the NAFTA trade pact, vowing to keep up a blistering pace of negotiations that some involved in the process said may be too fast to bridge deep differences. In a joint statement issued …
Add next week’s total eclipse of the sun to the list of worker distractions that cost U.S. companies hundreds of millions of dollars in lost productivity. American employers will see at least $694 million in missing output for the roughly 20 minutes that outplacement firm Challenger, Gray & Christmas estimates …
Sometimes, it just doesn’t pay to manufacture in the United States. Labor and land are expensive. It is why most consumer products sold here come from overseas. But a multinational electric guitar manufacturer still produces one-third of its instruments near where it started decades ago. Arash Arabasadi names that tune …
Danelle Johnson started designing her own clothes when she was a teenager. Not just because sewing was her hobby. She wanted to stand out among her classmates with a personal, distinctive look. Johnson’s vision of fashion motivated her to start her own design company … on wheels. As Faiza Elmasry …