Frustrated Venezuelan drivers faced lengthy lines for gasoline in border states Tuesday as the government struggled to roll out a new payment system that President Nicolas Maduro says will reduce smuggling of heavily subsidized fuel. Maduro says the payment system will pave the way for charging international prices for fuel, …
Argentina will have to wait at least until the second half of September to find out whether the International Monetary Fund will agree to the early release of a credit line under a $50 billion backup financing arrangement approved earlier this year, Economy Minister Nicolas Dujovne said Tuesday. Dujovne …
Ethiopia will open its logistics sector to foreign investors but cap their participation, the state investment body said on Tuesday in the latest reform to loosen the government’s control of the economy. Prime Minister Abiy Ahmed has presided over a shake-up of one of the most heavily-regulated economies in Africa …
Amazon’s journey from an online bookseller started in a garage to a global e-commerce powerhouse valued at a trillion dollars has centered on obsession with the long road. The company, initially incorporated as “Cadabra” by Jeff Bezos in 1994 and backed with money borrowed from his parents, joined Apple as …
Argentina’s peso slid on Tuesday as investors reacted with skepticism to President Mauricio Macri’s plans to cut the budget deficit, while a government delegation arrived in Washington for talks with the IMF about accelerating its standby finance deal. On Monday, Macri abandoned his gradual approach to balancing the government’s budget, …
It’s coal people like miner Steve Knotts, 62, who make West Virginia Trump Country. So it was no surprise that President Donald Trump picked the state to announce his plan rolling back Obama-era pollution controls on coal-fired power plants. Trump left one thing out of his remarks, though: northern West …
President Nicolas Maduro said he is investing part of his personal savings in a gold-backed certificate as part of a much-questioned plan to crush hyperinflation and reactivate Venezuela’s moribund economy. Maduro and First Lady Cilia Flores were the first in line at the central bank in downtown Caracas on …
Party leaders in the Italian coalition government signalled they will seek leeway from the EU to increase next year’s budget deficit, heading on a collision course with the European Commission and investors who want it cut. Following Fitch agency’s decision to lower the outlook on Italy’s debt rating on Friday, …
Tanned and wearing a swimsuit, So Myong Il walks to the barbecue pit and throws on some clams. He obviously loves the beach he’s on as well as the rugged, emerald Chilbo mountains that rise abruptly behind it. He loves them enough to forget, for a moment at least, …
The International Organization for Migration reports more than 270 Nigerian migrants who recently returned from Libya have completed a skills training course to help them start their own businesses. Migrants attending this weeklong event in the Nigerian capital Lagos have shared stories of the business frustrations that drove them to …
Investment banks which lost out on big payouts for the work on the shelved listing of oil giant Aramco are lining up for a raft of other projects as Saudi Arabia pursues reforms. Banks including JPMorgan and Morgan Stanley worked for months to prepare what would have been the biggest …
The film industry organization that presents the Academy Awards is also developing young talent through a program called Academy Gold — an internship and mentoring program for students and young professionals from communities currently underrepresented in Hollywood. Some of the participants are either immigrants or children of immigrants who are …
Community and conservation groups in Myanmar have branded a planned highway linking a port project to Thailand an “ecological and social disaster,” saying it would uproot indigenous people from their homes and farms. Critics said an environmental and social impact assessment for the road project, approved by the Myanmar government …
U.S. President Donald Trump notified Congress on Friday of his intent to sign a trade agreement with Mexico after talks with Canada broke up earlier in the day with no immediate deal to revamp the tri-nation North American Free Trade Agreement. U.S. Trade Representative Robert Lighthizer said U.S. officials would resume talks with their Canadian …
U.S. President Donald Trump said on Saturday there was no need to keep Canada in the North American Free Trade Agreement and warned Congress not to meddle with the trade negotiations or he would terminate the trilateral trade pact altogether. “There is no political necessity to keep Canada in the …
Coca-Cola is hoping for a caffeine-fueled boost with the acquisition of British coffee chain Costa. Costa is Britain’s biggest coffee company, with over 2,400 coffee shops in the U.K. and another 1,400 in more than 30 countries, including around 460 in China, its second-biggest market. Coca-Cola said Friday it will …
Ports and ground terminals in nearly every state handle goods that are now or will likely soon be covered by import tariffs. Port executives worry that this could mean a slowdown in shipping that would have ripple effects on truckers and others whose jobs depend on trade. The Associated Press …
Top NAFTA negotiators from Canada and the United States increased the pace of their negotiations Thursday to resolve final differences to meet a Friday deadline, with their Mexican counterpart on standby to rejoin the talks soon. Despite some contentious issues still on the table, the increasingly positive tone contrasted with …
U.S. President Donald Trump has signed proclamations permitting targeted relief from steel and aluminum quotas from some countries, the U.S. Commerce Department said on Wednesday. Trump, who put in place tariffs on steel and aluminum imports in March, signed proclamations allowing relief from the quotas on steel from South Korea, …
The leaders of the United States and Canada expressed optimism on Wednesday that they could reach new NAFTA deal by a Friday deadline as negotiators prepared to talk through the night, although Canada warned that a number of tricky issues remained. Under pressure, Canada rejoined the talks to modernize the …
The U.S. economy expanded at a 4.2 percent annual rate in April, May and June. The second-quarter growth figure is one-tenth of a percent higher than initial estimates. “The economy is in good shape,” according to PNC Bank Chief Economist Gus Faucher. He writes that this is the best “year-over-year …
British officials have been turning to Japan for tips on how to dodge American sanctions on Iran, according to local media. Britain is already seeking from Washington exemptions from some U.S. sanctions, which are being re-imposed by President Donald Trump because of the U.S. withdrawal earlier this year from a …
Negotiators from Canada and the United States are holding detailed trade negotiations in Washington as they seek to work out a replacement for the North American Free Trade Agreement. The talks come after the United States and Mexico agreed to a bilateral trade deal this week while leaving the door …
President Donald Trump’s trade deal with Mexico could struggle to win approval from Congress unless Canada comes on board, lawmakers from both parties said on Tuesday, saying support from Democrats would be needed to pass a purely bilateral deal. Trump unveiled the Mexico deal on Monday and threatened to slap …
Iraq will send a delegation to the United States seeking an agreement on financial transactions with Iran following Washington’s reimposition of sanctions on Tehran, Prime Minister Haider al-Abadi said Tuesday. His statement was the first by an Iraqi official since Reuters reported last week that Baghdad was going to ask …
The United States and Mexico agreed on Monday to a sweeping trade deal that pressures Canada to accept new terms on autos trade, dispute settlement and agriculture to keep the trilateral North American Free Trade Agreement (NAFTA). U.S. Trade Representative Robert Lighthizer said the White House was ready to notify …