When toymaker Estrela decided to move manufacturing capacity back to Latin America from China, it sank $2 million into a new factory not in its native Brazil – the region’s largest economy – but in its tiny southern neighbor Paraguay. The plant, which opened this month in the border town …
China for the first time became Germany’s most important trading partner in 2016, overtaking the United States, which fell back to third place behind France, data showed on Friday. German imports from and exports to China rose to 170 billion euros ($180 billion) last year, Federal Statistics Office figures reviewed …
Greek Prime Minister Alexis Tsipras defended a deal reached between Athens and its foreign creditors for further reforms in return for bailout aid, saying it was an “honorable compromise.” Tsipras said he believed relations between Greece, the European Union and International Monetary Fund had turned a page after seven years …
Egyptians are bearing down under their worst inflation in a decade, cutting spending as much as possible as prices surge on basic food items, transportation, housing, and even some essential medicines. Inflation reached almost 30 percent in January, up 5 percent over the previous month, driven by the floatation of …
President Donald Trump told the heads of more than 20 of the largest U.S. manufacturers Thursday that he planned to bring millions of factory jobs back to the United States. Trump said the United States had lost one-third of its manufacturing jobs since the North American Free Trade Agreement was …
Treasury Secretary Steven Mnuchin said Thursday the administration is committed to getting major tax reform legislation through Congress by August. He predicted that President Donald Trump’s economic proposals will be able to boost growth significantly to annual rates above 3 percent. Mnuchin said that tax reform is the administration’s top …
In the aftermath of Hurricane Katrina in 2005, Gillis, Ellis & Baker, a New Orleans-based insurance company, relocated from the battered, flooded city to nearby Baton Rouge so it could carry on serving its 4,000 clients, who all had at least one claim following the storm. Had it not been …