The federal government began its new budget year with an October deficit of $63.2 billion, up sharply from a year ago. The Treasury Department reported Monday that the October deficit was 37.9 percent higher than the $45.8 billion deficit recorded in October 2016. Both government receipts and spending were up …
Mobile chipmaker Qualcomm on Monday rejected rival Broadcom Ltd.’s $103-billion takeover bid, saying the offer undervalued the company and would face regulatory hurdles. Shares of Qualcomm rose as much as 2.5 percent to $66.17, while those of Broadcom fell as much as 1.3 percent to $261.55. “The Board has concluded …
The United Nations says Asia Pacific countries need to address issues surrounding the rights of migrant workers as international talks move toward a Global Compact on migrant labor. The Global Compact’s rise, with a final agreement set for 2018, was a result of the migrant crisis faced by the European …
Venezuela’s foreign debt renegotiation committee will meet with creditors at 2 p.m. (1800 GMT) on Monday at the government’s “White Palace” in downtown Caracas, the finance minister said on Saturday. “Once again, we invite investors to register their participation in this meeting,” Simon Zerpa, who is also the finance boss …
Emirates Airlines agreed to buy 40 Boeing 787-10s in a deal worth more than $15 billion. The purchase was announced Sunday at the Dubai Air Show by the largest airline in the Middle East. Deliveries of the wide-body, twin-engine planes are set to begin in 2022. Boeing’s website says the …
The biennial Dubai Air Show opened Sunday with hometown long-haul carrier Emirates making a $15.1 billion buy of Boeing 787-10 Dreamliners, as the world’s biggest defense companies promoted their weapons amid heightened tensions between Saudi Arabia and Iran. Other airlines also are taking part, but missing from the trade show …
West Virginia could produce profitable niche crops grown on reclaimed mine sites. At least that’s what Nathan Hall, president of Reclaim Appalachia envisions. Hall spoke about uses for reclaimed sites at the West Virginia Good Jobs Conference last Tuesday at Tamarack. The goal of the conference is to bring together …
Ranchers in the Midwestern U.S. state of Nebraska are raising beef for tables in China, reopening trade suspended more than a decade ago during concerns over mad cow disease. From Nebraska, VOA reporter Abby Sun tells us how U.S. beef producers are changing to meet Chinese food-safety requirements. …
Afghanistan has received an inaugural consignment of wheat from India through an Iranian port, opening a new trade and transit route for the landlocked nation that bypasses neighboring Pakistan. The strategic sea route, officials say, will help improve trade and transit connectivity between Kabul and New Delhi. It will also …
U.S. President Donald Trump heaped praise on Vietnam Saturday, saying the southeast Asian nation is “one of the great miracles of the world.” Trump’s remarks were made at a state banquet in the capital of Hanoi, the latest event on his five-country Asian tour. Trump, who arrived in Hanoi Saturday, …
Chinese consumers are spending billions of dollars shopping online for anything from diapers to diamonds on “Singles Day,” a day of promotions that has grown into the world’s biggest e-commerce event. China’s biggest e-commerce giant, Alibaba Group, said sales by retailers on its platforms had topped $19 billion by …
From Britain’s Queen Elizabeth to Formula One racing champion Lewis Hamilton — the leak of more than 14 million documents from firms involved in offshore finance, known as the Paradise Papers, has engulfed some of the world’s most famous names. The latest revelations show U2 frontman Bono used a company …
Maine’s wild blueberry crop fell sharply this summer to land below 100 million pounds (45.3 million kilograms) for the first time in four years, according to a trade group that promotes the industry. Preliminary industry figures show the crop coming in at about 65 million pounds (29.5 million kilograms), …
The large drop in global cocoa prices has hurt African farmers, leading some to abandon their plantations. In Cameroon, however, cocoa producers are mapping out ways to encourage more local processing. At Nkog-Ekogo in the center region of Cameroon, a cocoa post-harvest processing and treatment center is inaugurated. Farmer Petronella …
President Donald Trump’s two-day stop in China saw the signing of $250 billion in deals between the world’s two biggest economies and the two countries aligning themselves closer in resolute opposition to North Korea’s nuclear ambitions. But analysts say little new ground was broken on trade or North Korea, an …
President Donald Trump’s two-day stop in China saw the signing of $250 billion in deals between the world’s two biggest economies and the two countries aligning themselves closer in resolute opposition to North Korea’s nuclear ambitions. But analysts say little new ground was broken on trade or North Korea, an …
Donald Trump warned that the stock market was a “big, fat, ugly bubble” just weeks before he was elected. A year later, Wall Street remains on a milestone-shattering run that the president has been eager to tout and tweet about. The Standard & Poor’s 500 index, the broadest measure of …
Bicycle highways, urban farms and local energy hubs — just some of the ways that yesterday’s smokestack cities are turning into tomorrow’s green spaces. The Urban Transitions Alliance (UTA), a network that brings together cities in Germany, the United States and China, launched this week to help members learn regeneration …
The quiz games and ring tosses at factories around Vietnam are more than just amusement; charity workers are using them in their efforts against human trafficking, with the support of foreign governments and corporations. Factory workers play these games as part of training workshops to raise awareness about trafficking, held …
The quiz games and ring tosses at factories around Vietnam are more than just amusement; charity workers are using them in their efforts against human trafficking, with the support of foreign governments and corporations. Factory workers play these games as part of training workshops to raise awareness about trafficking, held …
Treasury Secretary Steven Mnuchin said Wednesday that Janet Yellen has not said yet whether she plans to remain on the Federal Reserve board when her term as chair ends in February, but the administration is moving ahead with filling other vacancies. There are three vacancies on the seven-member Fed board …
Treasury Secretary Steven Mnuchin said Wednesday that Janet Yellen has not said yet whether she plans to remain on the Federal Reserve board when her term as chair ends in February, but the administration is moving ahead with filling other vacancies. There are three vacancies on the seven-member Fed board …
Commerce Secretary Wilbur Ross plans to completely divest from a shipping company that counts a Russian gas producer with ties to the Kremlin among its major customers. A commerce department spokesman says Ross plans to sell all his shares of Navigator Holdings. That company ships products from Sibur, a …
Commerce Secretary Wilbur Ross plans to completely divest from a shipping company that counts a Russian gas producer with ties to the Kremlin among its major customers. A commerce department spokesman says Ross plans to sell all his shares of Navigator Holdings. That company ships products from Sibur, a …
The Chinese internet company Tencent has acquired a 10 percent stake in Snap, with the social media company struggling to boost user growth. Tencent runs the WeChat messaging app, as well as online payment platforms and games. Earlier this year, it bought a 5 percent stake in Tesla Inc. …
The Chinese internet company Tencent has acquired a 10 percent stake in Snap, with the social media company struggling to boost user growth. Tencent runs the WeChat messaging app, as well as online payment platforms and games. Earlier this year, it bought a 5 percent stake in Tesla Inc. …