Iceland spent nearly a decade trying to keep foreign money in the country after a financial collapse, now it is trying to keep some of it out. The economy is booming again and hedge funds and other foreign investors want exposure to a surging tourism sector, banks, property, infrastructure and …
Businessman Pankaj Jain is so worried about the impending launch of a new sales tax in India that he is thinking of shutting down his tiny textile factory for a month to give himself time to adjust. Jain is one of millions of small business owners who face wrenching change …
European regulators fined Google a record 2.42 billion euros ($2.72 billion) for abusing its dominance of the online search market in a case that could be just the opening salvo in Europe’s attempt to curb the company’s clout on that continent. The decision announced Tuesday by the European Commission punished …
President Donald Trump on Tuesday hailed an energy revolution marked by surging U.S. exports of oil and natural gas. Trump cited a series of steps the administration has taken to boost energy production and remove government regulations that he argues prevent the United States from achieving “energy dominance” in the …
President Donald Trump on Thursday will lay out his plan for reducing regulations to boost already-abundant U.S. production of oil, natural gas and coal and export it around the world, creating American jobs and helping allies. Trump will deliver an address on his administration’s new mantra of “energy dominance” at …
New York City real estate companies’ attempts to rename a Harlem neighborhood “SoHa” have enraged longtime residents of the historically black enclave, who say the move erases the community’s rich cultural history. The neighborhood served as home and inspiration to generations of leading African-Americans, including activists W.E.B. Du Bois and …
Making agriculture profitable and “cool” for young people in Africa is key to lifting millions out of poverty and stemming migration to Europe, said the president of the African Development Bank (AfDB). Akinwumi Adesina was named the winner of this year’s World Food Prize on Monday for his decades-long work …
The Federal Reserve’s little-known role housing the assets of other central banks comes with a unique benefit to the United States: It serves as a source of foreign intelligence for Washington. Senior officials from the U.S. Treasury and other government departments have turned to these otherwise confidential accounts several times …
A study by aviation experts says the number of non-military drones will grow very quickly over the next 10 years, as investment soars and capability improves. Drones are unmanned aircraft, remotely controlled by a person on the ground, rather than a pilot on board the vehicle. The Teal Group says around …
China and Vietnam face a stiff new test in avoiding a showdown over undersea oil drilling after Beijing cut short a high-level meeting last week, but experts say the two sides will eventually patch things over. Fan Changlong, vice chairman of China’s Central Military Commission left early from a “defense …
The global economy has picked up and prospects for the next few months are the best in a long time. But the recovery is maturing and faces risks from populist rejection of free trade and from high debt that could burden consumers and companies as interest rates rise. …
A second U-turn this year by Ford Motor Co. in Mexico has raised the specter of Chinese competition for local carmaking, adding to pressure on the industry after repeated threats by U.S. President Donald Trump to saddle it with punitive tariffs. Ford announced on Tuesday it would move some production …
After starting work in a hotel kitchen, Zhai Meiqin began selling furniture and built a billion-dollar conglomerate, but she took great pride in being recognized this week for driving a new phenomenon in China: philanthropy. Zhai, one of China’s richest women and president of the privately owned HeungKong Group Ltd., …
Cambodian activists fighting plans to transform Phnom Penh’s largest lake into a luxury development made a tactical decision when they took to the streets: put women on the frontline to show a “gentle” face and prevent violence. But it was wishful thinking. The women of Boeung Kak Lake, once home …
China is probing the loan practices of a group of big private sector conglomerates who have been on a high-profile global spending spree over the past few years. And although the review targets only a few of the country’s most politically-connected companies, some analysts see an attempt to increase government …
China let through the first shipments of beef from the United States in 14 years on Friday, after the two nations agreed to resume the trade in May, state media reported. The imports were brought in by Cofco Meat Holdings Ltd from U.S. meat processor Tyson Foods Inc., China National …
Demeaning images in advertising of women doing domestic chores or scantily clad act as stubborn obstacles to gender equality, the head of U.N. Women said Thursday, urging the global ad industry to become a weapon for good. Advertising has the power to create positive portrayals of women and eliminate stereotypes, …
Minnesota’s government and businesses will continue to engage with Cuba in the areas they can, like agricultural trade, despite U.S. President Donald Trump’s partial rollback of the detente, Lieutenant Governor Tina Smith said on Thursday. The first U.S. state representative to make an official visit to Communist-run Cuba since Trump’s …
JetSmart, a low-cost airline set to launch this year in Chile, said on Thursday it will offer one-way tickets for less than $2, as the nation’s passenger air market becomes increasingly competitive. “We will have 30,000 tickets for 1,000 pesos ($1.50) per one-way trip plus taxes, to fly within Chile …
A booming plastics and packaging industry in Asia – including China – is being driven by rising incomes and consumption, with analysts saying a growing middle class will add to the rise in plastics demand across the region. But it comes along with a rising environmental alarm over plastic pollution …
Every 45 seconds or so, a neatly wrapped VanHeusen dress shirt destined for a J.C. Penney store in the United States drops off a new production line at a factory north of Vietnam’s capital. Next door, rice paddies the size of 40 football fields have been filled for the $320 …
Military conflicts and growing threats around the world continue to underpin demand for weapons, but industry and government leaders from the United States, Europe, Russia and the Middle East say they don’t see a huge near-term spike in arms orders. Executives report being busier than ever at this year’s Paris …
Webster Allen Two Hawk Jr. had not had a drink in six weeks – one of the conditions for getting a bed at the Rapid City, South Dakota rescue mission. But the 55-year-old Sicangu Lakota artist had received some bad news that cold day in March: All of his artwork …
Although Afghan businesses have long wanted to exploit the potential of India’s huge market, trade between the two countries has been hampered due to their tense relations with Pakistan. But a plane loaded in Kabul with 60 tons of medicinal plants landed in New Delhi this week, raising hopes of …
Travis Kalanick, the combative and troubled CEO of ride-hailing giant Uber, resigned Tuesday under pressure from investors. The company’s board confirmed the move early Tuesday, saying in a statement that Kalanick is taking time to heal from the death of his mother in a boating accident -while giving the company …
The United States Treasury Department announced additional sanctions Tuesday against Russia, pro-Russian separatists in eastern Ukraine, and individuals and companies associated with them. The move comes on the heels of a White House meeting Tuesday between President Donald Trump and Ukrainian President Petro Poroshenko. The increased sanctions is in response …