U.S. President Donald Trump’s trade chief said on Monday that the World Trade Organization is losing its focus on trade negotiations in favor of litigation and needed to rethink how it defines developing economies. Setting a combative tone at the start of the WTO’s 11th ministerial meeting in Buenos Aires, …
Russia threw its weight behind China’s massive Belt and Road plan to build trade and transport links across Asia and beyond, suggesting to India on Monday that it find a way to work with Beijing on the signature project. India is strongly opposed to an economic corridor that China is …
Some women, and men, worry the same climate that’s emboldening women to speak up about sexual misconduct could backfire by making some men wary of female colleagues. Forget private meetings and get-to-know-you dinners. Beware of banter. Think twice before a high-ranking man mentors a young female staffer. “I have already …
The newest way to bet on bitcoin, the cyptocurrency that has taken Wall Street by storm with its stratospheric price rise and wild daily gyrations, will arrive Sunday when bitcoin futures start trading. The launch has given an extra kick to the cyptocurrency’s scorching run this year. It has nearly …
Argentina blocked two European activists from entering the country on the eve of the World Trade Organization’s ministerial meeting in Buenos Aires, the two told a local radio program Saturday. Sally Burch, a British activist and journalist for the Latin American Information Agency, said Argentina had already revoked credentials given …
The U.S. economy posted another impressive month, adding 228,000 jobs in November. The unemployment rate, now at a 17-year low, remains unchanged at 4.1 percent. But even as more Americans returned to the workforce, job recruiters say the job market is changing and both employers and employees need to be …
The wildfire that roared through the orchards of California’s Ventura County destroyed much of the region’s avocado crop not just with flames, but also with fierce Santa Ana winds and a thick blanket of ash. With the so-called Thomas Fire just 10 percent contained by Friday afternoon, after blackening more …
NAFTA trade negotiators convene in Washington next week for a limited round of talks unlikely to move the needle on major sticking points, but aimed at demonstrating some progress toward closing easier chapters. Last month’s round of negotiations to update the North American Free Trade Agreement in Mexico City failed to …
Bangladesh’s central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world’s biggest cyber-heists, several sources said. The Fed has yet to respond formally, but there is no indication it …
A federal judge in Michigan has sentenced a former high-level Volkswagen manager to seven years in prison for his part in the scheme to cheat emissions tests and defraud consumers. Oliver Schmidt has also been fined $400,000. He pleaded guilty in August to charges that included defrauding the United States …
China’s Ofo launched its dockless bicycles in Paris on Wednesday, becoming the fourth bike-sharing plan operator in a city set to banish all combustion-engine cars by 2030. Ofo France general manager Laurent Kennel told Reuters the firm, one of two bike-sharing giants in China, had put just over 100 of …
Vulnerable communities uprooted by climate change are being left out of a voluntary pact to deal with migration, campaigners said, after the United States pulled out of the global deal. Although people within low-lying states are being forced to relocate because of worsening storms and rising seas, they will not …
A war on food waste in France, where supermarkets are banned from throwing away unsold food and restaurants must provide doggy bags when asked, has helped it secure the top spot in a ranking of countries by their food sustainability. Japan, Germany, Spain and Sweden rounded out the top five …
Venezuela’s plan to create an oil-backed cryptocurrency faces the same credibility problems that dog the ruling Socialist Party in financial markets and is unlikely to fare any better than the struggling OPEC member itself, investors and technical experts say. President Nicolas Maduro on Sunday floated a plan to create the …
The White House on Tuesday strongly denied that the special prosecutor looking into alleged Russian interference in last year’s election has asked a German bank for records relating to accounts held by Donald Trump and his family members. “We’ve confirmed this with the bank and other sources” that it is …
The government of Brazil’s President Michel Temer is far from assembling the coalition needed to pass a landmark pension reform, but potential supporters of the measure are now more organized, a key legislator said on Monday. “We’re still enormously far (from having the needed votes), but we have a party …
Venezuelan President Nicolas Maduro says his government will launch a cryptocurrency (digital currency) to circumvent what he called a financial “blockade” by the U.S. government. The new currency will be called the “petro,” the leftist leader said in his TV address Sunday, and will be backed by the socialist-run, OPEC …
Venezuela’s President Nicolas Maduro on Sunday gained more powers over the OPEC member’s oil contracts, as a deepening purge looks set to strengthen the leftist leader’s control of the key energy sector amid a debilitating recession. A months-long crackdown on alleged graft in Venezuela’s oil industry has led to the …
A committee exploring the effects of recreational marijuana on Nevada’s gambling industry is wrestling with how the state’s casinos might deal with the pot business while not running afoul of federal law. Lured by a potential economic impact in the tens of millions of dollars, Gov. Brian Sandoval’s Gaming Policy …
Liz Whitehurst dabbled in several careers before she ended up on a Maryland farm, crating fistfuls of fresh-cut arugula in the November chill. The hours were better at her nonprofit jobs. So were the benefits. But two years ago, Whitehurst, 32 — who graduated from a liberal arts college and grew …
The city of Zibo, China’s ceramics capital, is undergoing environmental shock therapy to clear its filthy skies and transform its economy — and not everyone is happy. Much of Zibo’s sprawling industrial district has become a ghost town of shuttered factories, empty showrooms and abandoned restaurants after a cleanup campaign …
Airlines canceled more flights leaving the Indonesian island of Bali on Saturday, citing forecasts of deteriorating flying conditions because of a risk of volcanic ash from the erupting Mount Agung volcano. A Bali airport spokesman said the airport was operating normally, but airlines such as Jetstar and Virgin Australia had …
President Donald Trump’s administration announced Friday that it won’t require mining companies to prove they have the financial wherewithal to clean up their pollution, despite an industry legacy of abandoned mines that have fouled waterways across the U.S. The move came after mining groups and Western-state Republicans pushed back …
Republicans pushed a nearly $1.5 trillion tax bill through the Senate early Saturday after burst of eleventh-hour horse trading, as a party starved all year for a major legislative triumph took a giant step toward giving President Donald Trump one of his top priorities by Christmas. “Big bills are rarely …
A Peruvian prosecutor asked a judge to jail executives of three local construction companies that had previously partnered with Brazilian builder Odebrecht, which has admitted to paying bribes in the country, chief prosecutor Pablo Sanchez said on Friday. Prosecutors started investigating the five executives of Grana y Montero, JJC Contratistas …
Venezuela’s socialist government and its opposition sought Friday to jumpstart negotiations on resolving the country’s economic and political crisis, pressured by international sanctions and a looming presidential election. The planned two-day meetings in the Dominican Republic are the first formal talks since anti-government protests collapsed in July with a toll …