World leaders are preparing for a potentially fiery G20 summit starting Friday in Buenos Aires. As Henry Ridgwell reports, the two-day meeting is being held against the backdrop of a spiraling trade war that has set the global economy on edge, plus a series of dangerous security flashpoints from Ukraine …
U.S. President Donald Trump has challenged car giant GM’s decision to close five plants across the United States and Canada just weeks before the holidays. GM says changing car habits are to blame for the closings, which impact thousands of workers across North America. VOA’s Katherine Gypson reports from the …
Police raided six Deutsche Bank offices in and around Frankfurt on Thursday over money laundering allegations linked to the “Panama Papers”, the public prosecutor’s office in Germany’s financial capital said. Investigators are looking into the activities of two unnamed Deutsche Bank employees alleged to have helped clients set up offshore …
U.S. President Donald Trump said Wednesday that new auto tariffs were “being studied now,” asserting they could prevent job cuts such as the U.S. layoffs and plant closures that General Motors Co. announced this week. Trump said on Twitter that the 25 percent tariff placed on imported pickup trucks …
Federal Reserve Chair Jerome Powell boosted U.S. stock markets on Wednesday when he said interest rates were “just below” estimates of a level that neither brakes nor boosts a healthy economy. Many took his comments as a signal that the Fed’s three-year tightening cycle is ending. The S&P 500 and Dow …
U.S. President Donald Trump touted the use of U.S. tariffs on foreign small trucks Wednesday, saying their placement on other foreign vehicles would have prevented the closure of several General Motors plants and the loss of thousands of coveted manufacturing jobs. Trump noted on Twitter that brisk U.S. small truck …
This is part of “Ocean Shock,” a Reuters series exploring climate change’s impact on sea creatures and the people who depend on them. Norway has built the world’s biggest salmon-farming industry. But it wants to go bigger. With their lucrative oil fields now in decline, Norwegians have ambitious plans for …
U.S. President Donald Trump on Tuesday kept up his criticism of Federal Reserve Chairman Jerome Powell, saying rising interest rates and other Fed policies were damaging the U.S. economy, the Washington Post said. “So far, I’m not even a little bit happy with my selection of Jay,” the Post quoted …
To hear President Donald Trump tell it, he was made for a moment like this: A high-stakes face-off. A ticking clock. A cagey adversary. The man who calls himself a supreme dealmaker will have the opportunity this week to put himself to the test. The question is whether he …
Fishing communities along Africa’s coastline are at a greater risk of extinction as countries eye oceans for tourism, industrial fishing and exploration revenue to jumpstart their “blue economies,” U.N. experts and activists said on Monday. The continent’s 38 coastal and island states have in recent years moved to tap ocean …
Marine fisheries are one of the few economic activities present everywhere along the Kenyan coast – mostly using artisanal fishing methods in which non-motorized boats stay close to shore. In the coastal town of Malindi, thousands of households that depend on the fisheries resources face uncertainty over the sustainability of …
Pope Francis says the “sickness of consumerism” is the enemy of generosity as he called for the faithful to give a little something to the poor. Francis made the comments during his morning homily Monday, so-called Cyber Monday when online retailers woo shoppers with bargains ahead of Christmas. …
French President Emmanuel Macron, caught off guard by violent demonstrations against diesel tax hikes, warned his cabinet on Monday that the protests could tarnish France’s image and said the government needed to listen to voter anger. The 10 days of unrest, which on Saturday left some Parisian boulevards transformed into …
Canadian Prime Minister Justin Trudeau on Monday expressed his”deep disappointment” in General Motors Co’s decision to close its Oshawa plant, a move Canadian officials only learned about on Sunday and which led workers to walk off the job on Monday. Canadian officials promised to aid auto workers affected by the …
It took Britain’s Theresa May and 27 other European Union leaders just 40 minutes to sign the Brexit deal after two years of tortuous negotiations, but the trials and tribulations of Britain’s withdrawal agreement approved Sunday in Brussels are far from over. As they endorsed the 585-page the agreement, and …
U.S. stocks closed lower after a shortened session Friday, bumping the benchmark S&P 500 index into a correction, or drop of 10 percent below its most recent all-time high in September. Energy companies led the market slide as the price of U.S. crude oil tumbled to its lowest level …
It would have been easy to turn on their computers at home over plates of leftover turkey and take advantage of the Black Friday deals most retailers now offer online. But across the country, thousands of shoppers flocked to stores on Thanksgiving or woke up before dawn the next …
China will go along with changes meant to update global trade rules so long as they protect Beijing’s status as a developing country, a Cabinet official said Friday. The deputy commerce minister, Wang Shouwen, said any changes also must address protectionism and abuse of export controls and security reviews — …
Cities in Russia, Japan and Azerbaijan are about to find out which one of them gets to host the 2025 World Expo, an event expected to draw millions of visitors and showcase the local economy and culture. The 170 member states of the Paris-based Bureau International des Expositions are voting …
Some of Amazon’s workers in Europe are protesting against what they call unfair work conditions, in a move meant to disrupt operations on Black Friday. Amazon Spain said around 90 percent of workers at a logistics depot in near Madrid joined a walkout Friday. Only two people were at the …
Zimbabwe’s finance minister has unveiled the country’s 2019 budget. Mthuli Ncube says the plan should help restore the economy of the southern African nation after years of recession. “Madam Speaker, ma’am, in conclusion, this budget should mark a turning point towards realizing the country’s vision 2030, as austerity will lead …
Once-admired auto executive Carlos Ghosn’s fall from grace deepened Thursday when directors of Nissan Motor Co. voted unanimously to fire the recently jailed businessman from his post as board chairman. Dismissed along with Ghosn was another director, Greg Kelly, whom the board accused of working with Ghosn to understate their …
Lebanon is marking 75 years of independence with a military parade Thursday in Beirut, but many anxious Lebanese feel they have little to celebrate: the country’s corruption-plagued economy is dangerously close to collapse and political bickering over shares in a new Cabinet is threatening to scuttle pledges worth $11 billion …
Nissan Motor Co will hold a board meeting on Thursday to oust Chairman Carlos Ghosn after the shock arrest of its once-revered leader, starting what could be a long period of uncertainty in its 19-year alliance with Renault. The Franco-Japanese alliance, enlarged in 2016 to include Japan’s Mitsubishi Motors, has …
Canada will allow businesses to write off additional capital investments to make them more competitive at a time when the United States is aggressively cutting taxes, Finance Minister Bill Morneau said Wednesday. But Morneau, speaking as he unveiled a budget update that forecast a slightly smaller than predicted deficit for 2018-19, said Ottawa would …
The Trump administration has invited the heads of Volkswagen, BMW and Daimler to the White House to discuss U.S. tariffs on carmakers, the Handelsblatt newspaper reported on Wednesday. Citing industry and diplomatic sources, the paper said the meeting could possibly take place as soon as next week, depending on circumstances. …