Nebraska regulators opened a final hearing on TransCanada Corp’s proposed Keystone XL pipeline on Monday, a week-long proceeding that marks the last big hurdle for the long-delayed project after President Donald Trump approved it in March. The proposed 1,179-mile (1,897-km) pipeline linking Canada’s Alberta oil sands to U.S. refineries has …
Russia will speed up work on reducing dependency on U.S. payment systems and the dollar as a settling currency, RIA news agency cited Deputy Foreign Minister Sergei Ryabkov as saying on Monday. It is a response to the new sanctions against Russia reluctantly signed into law last week by U.S. …
The British government denied Monday that it has agreed on the amount of its European Union exit bill, after a report emerged that it plans offer the bloc 36 billion pounds ($47 billion). Britain’s outstanding tab to settle commitments it made as an EU member is one of the biggest …
A Trump Organization company has applied for four new trademarks in the Asian gambling hub of Macau, including one for casinos, public records show. The new applications highlight the ethical complexity of maintaining the family branding empire while Donald Trump serves as president, and are likely to stoke speculation about …
Cuban authorities have ordered the closure of one of the island’s fastest-growing cooperatives, days after announcing that they would stop issuing new permits for some private enterprise. Scenius, which provides accounting and business consulting services, will have until December 31 to liquidate, the cooperative’s founder and director, Luis Duenas, told …
Britain is prepared to pay up to 40 billion euros ($47 billion) as part of a deal to leave the European Union, the Sunday Telegraph newspaper reported, citing three unnamed sources familiar with Britain’s negotiating strategy. The European Union has floated a figure of 60 billion euros and wants significant …
Supporters of the United Auto Workers say they’re not giving up their fight to unionize a Nissan auto assembly plant in Mississippi after a stinging defeat, even as UAW opponents say Friday’s loss proves workers don’t want the union. More than 62 percent of workers voting in a two-day election …
The U.S. job market exceeded expectations last month adding 209,000 new workers to the economy in July and lowering the national unemployment rate to 4.3 percent. But wages continue to underperform, as did the nation’s labor participation rate. Economists say that’s because millions of working-age Americans are choosing to remain …
Rajeev Sakhuja has kept a hectic schedule in recent months as he makes scores of presentations in Delhi and surrounding towns about why and how to invest in equities. The investment adviser has an attentive audience as traditional avenues of gold and real estate lose their luster and as stock …
The head of German automaker Volkswagen’s engineering and environment office pleaded guilty Friday in a U.S. court to charges connected to an emissions scandal involving the company. Volkswagen executive Oliver Schmidt pleaded guilty to conspiracy and fraud charges that could land him in prison for up to seven years. He …
The U.S. economy had a net gain of 209,000 jobs in July, while the unemployment rate fell slightly to 4.3 percent. That matches the lowest jobless rate in 16 years. Friday’s Labor Department report says job gains were seen in restaurants, business services and health care. The average hourly wage …
U.S. employers hired more workers than expected in July and raised their wages, signs of labor market tightness that likely clears the way for the Federal Reserve to announce next month a plan to start shrinking its massive bond portfolio. The Labor Department said that nonfarm payrolls increased by 209,000 …
Under a best-case scenario, a newly negotiated North American Free Trade Agreement (NAFTA) would not be implemented before the end of next year or the start of 2019, Mexico’s economy minister said Thursday. Among other issues, NAFTA talks would focus on how to provide more certainty in dispute resolutions, Economy …
U.S. President Donald Trump is expected to increase pressure on China to change its trade practices and do more to stop North Korea’s weapons programs. Reports by financial news media Thursday predicted Trump will sign an order in the coming days to open an investigation of Chinese demands that foreign …
Women in the United States are starting bushiness at one and a half times the rate of their male peers. Effective entrepreneurship could help cut the economic gap between women and men, which the World Economic Forum says could otherwise take decades to close around the globe. As VOA’s Jim …
U.S. President Donald Trump has endorsed a measure that would dramatically reduce the number of low-skilled immigrants admitted to the United States, and introduce a merit-based points system. VOA White House correspondent Peter Heinlein reports. …
Three top Democratic senators, in a rare show of bipartisanship, on Wednesday urged U.S. President Donald Trump to stand up to China as he prepares to launch an inquiry into Beijing’s intellectual property and trade practices in coming days. Senate Democratic leader Chuck Schumer pressed the Republican president to skip …
The Trump administration is considering whether to initiate an action that could lead to the United States imposing tariffs and other trade restrictions on Chinese imports. U.S. news outlets say President Donald Trump will direct U.S. Trade Representative Robert Lighthizer to begin an investigation of China’s trade practices under a …
Egypt’s foreign reserves reached over $36 billion in July, a record high, which the prime minister described as “good news” as it shows that the economy is recovering, the central bank said Tuesday. The bank announced the increase in a brief statement saying that the figure is 4.7 billion dollars …
Some European oil majors have made inroads into the emerging U.S. offshore wind energy market, aiming to leverage their experience of deepwater development and the crowded offshore wind arena at home. Late entrants to the offshore wind game in Europe, which began with a project off Denmark 25 years ago …
Saudi Arabia has announced plans to build a “semi-autonomous” visa-free travel destination along its northwestern Red Sea coast. The Red Sea area will include diving attractions and a nature reserve – and there are suggestions that the kingdom’s strict rules on women’s veils and gender segregation could be waived …
Qatar filed a wide-ranging legal complaint at the World Trade Organization on Monday to challenge a trade boycott by Saudi Arabia, Bahrain and United Arab Emirates, the director of Qatar’s WTO office, Ali Alwaleed al-Thani, told Reuters. By formally “requesting consultations” with the three countries, the first step in a …
The crocodile industry in Australia’s Northern Territory, a new report says, is worth more than four times the previous estimate of US $80 million. Officials hope the findings will give poorer aboriginal communities the chance to develop crocodile farming industries. The saltwater creature is the world’s largest reptile. In Australia, …
U.S. Treasury Secretary Steven Mnuchin on Friday said he would extend for two more months one of the extraordinary cash management measures that the Treasury is using to stave off a debt-limit default. Mnuchin said in a letter to House of Representative Speaker Paul Ryan that he would continue to …
The International Monetary Fund on Friday said that the U.S. dollar was overvalued by 10 percent to 20 percent, based on U.S. near-term economic fundamentals, while it viewed valuations of the euro, Japan’s yen and China’s yuan as broadly in line with fundamentals. The IMF’s External Sector Report, an annual …
Shares of Tesla rose nearly 1 percent on Friday ahead of a handover to customers of its first Model 3 sedans, the electric cars that Chief Executive Officer Elon Musk is betting will propel his company into the mass market. Tesla is counting on the Model 3 to help turn …