With economic growth rates close to 7 percent, Laos is a star in South East Asia, buoyed by investment and business ties with China, the country’s largest investor. In a new assessment the Lao government and Asian Development Bank predict the country’s good economic fortunes will continue. The ADB said …
President Donald Trump plans to revive the hobbled Export-Import Bank of the United States, his office said, a victory for American manufacturers like Boeing and General Electric which have overseas customers that use the agency’s government-backed loans to purchase their products. Trump first told the Wall Street Journal on Wednesday …
Zimbabwean entrepreneurs could soon use movable assets, including livestock and vehicles, to secure loans from banks, according to a bill brought before the country’s Parliament this week. The southern African country’s economy is dominated by informal business following the formal sector’s contraction by as much as 50 percent between 2000 …
President Donald Trump said Wednesday that his administration would not label China a currency manipulator, backing away from a campaign promise, even as he said the U.S. dollar was “getting too strong” and would eventually hurt the economy. In an interview with The Wall Street Journal, Trump also said he …
United Airlines saw its stock price decline by 4 percent or more after a viral video showing a passenger being dragged off a flight and injured sparked outrage in the U.S. and several nations. One airline analyst says he has never seen such a “parade of incompetence.” …
Russia is struggling to source gas turbines for two new power plants it is building in Crimea, Russian Energy Ministry Alexander Novak said Wednesday. European Union sanctions bar European individuals and companies from providing energy technology to Crimea, which Russia annexed from Ukraine in 2014. The Black Sea peninsula has …
President Donald Trump told a group of chief executives Tuesday that his administration was revamping the Wall Street reform law known as Dodd-Frank and might eliminate the rules and replace them with “something else.” At the beginning of his administration, Trump ordered reviews of the major banking rules that were …
United Airlines saw its stock price decline by 4 percent or more after a viral video showing a passenger being dragged off a flight and injured sparked outrage in the U.S. and several nations. One airline analyst says he has never seen such a “parade of incompetence.” …
South Asian migrants powering the construction boom in oil-rich Gulf countries are often illegally made to pay for their own recruitment, adding to hardships of poor working conditions and wages, according to an investigation released Tuesday. Millions of migrants seeking a way out of poverty by working in Gulf nations …
With its colonial mansions, landscaped gardens and ornate fountains, the town of Petropolis, a traditional haunt of Brazil’s last monarch Dom Pedro II, retains a grandeur that has not faded since he was forced into exile in 1889. But beneath the opulent surface of the former summer imperial capital, …
When they are not tending to international affairs, diplomats based in Havana can be found these days stewing in interminable queues at gas stations and concocting ways to increase the octane in fuel as Cuba’s premium gasoline shortage takes its toll. Cuba sent around an internal memo last week advising …
The airlines are getting better at sticking to their schedules and are losing fewer bags. Their customers seem to be complaining less often. Those are the findings of an annual report on airline quality being released Monday by researchers at Wichita State University and Embry-Riddle Aeronautical University. The researchers …
India and Bangladesh signed a slew of agreements on Saturday, including a $4.5 billion concessionary line of credit from India for development projects in Bangladesh, as the South Asian neighbors try to deepen their ties. Indian Prime Minister Narendra Modi and his Bangladeshi counterpart, Sheikh Hasina, held wide-ranging talks in …
India and Bangladesh signaled deepening ties Saturday as New Delhi committed a $4.5 billion line of credit to Dhaka for development projects, and the two countries signed their first-ever pact on defense cooperation. Indian Prime Minister Narendra Modi announced an additional $500 million in credit for Bangladesh to buy military …
March was a disappointing month for job seekers, with the U.S. Labor Department reporting that the private sector added only 98,000 jobs last month. But one industry is looking beyond the job numbers and toward distant shores as President Donald Trump meets for the first time with Chinese President Xi …
Kostas Argyros’s unpaid electricity bills are piling up, among a mountain of debt owed to Greece’s biggest power utility. His family owe 850 euros to the Public Power Corporation (PPC), a tiny fraction of the state-controlled firm’s 2.6 billion euros ($2.8 billion) in unpaid bills. Argyros picks up only occasional …
The U.S. economy had a net gain of 98,000 jobs in March, which is much weaker job growth than most economists expected. Payroll growth was slowed by stormy weather in March after unusually good weather helped growth in January and February, according to economist Jed Kolko, of the job web …
U.S. Commerce Secretary Wilbur Ross held out hope Thursday that the Trump administration will revive the U.S. Export-Import bank’s full lending powers, saying the institution is part of its “trade toolbox” to boost exports. The U.S. government trade lender has been hobbled for the better part of two years by …
Conservative activist groups that generally support Republicans but oppose a pro-export, anti-import Republican tax proposal released a study on Thursday estimating its impact on individual U.S. states, underscoring the party’s division over taxes. The two activist groups, backed by billionaire industrialists Charles and David Koch, reported that seven states won …
White House economic adviser Gary Cohn said he backed bringing back the Glass-Steagall Act, a Depression-era law that would revamp Wall Street banks by splitting their consumer-lending businesses from their investment arms. The National Economic Council director, also a former Goldman Sachs president, expressed support to lawmakers for a banking …
Many companies aim for “Best in Class” status, but some are seeking another “B” — B corporation certification. Certified B corporations, or “B corps,” address the growing consumer interest in supporting socially and environmentally responsible companies. B corps are essentially for-profit companies that behave more like nonprofits, tackling global issues …
Many companies aim for B Corporation certification. Certified “B corps” address the growing demand for social and environmental responsibility. And more consumers are letting their wallets do the talking, aligning with business that complement their personal values. VOA’s Tina Trinh reports on the category of companies called B corps. …
Mexico’s central bank chief said Wednesday the bank altered course on how to protect the peso after a couple of tweets by U.S. President Donald Trump in early January pummeled the currency to near historic lows and wiped out the effect of a $2 billion currency intervention. The Banco de …
Three years ago, 14-year-old Julius left his family near the lakeside city of Mwanza, Tanzania, to try his luck mining gold. Today, Julius is in no hurry to leave, despite having one of the riskiest jobs on a chaotic mine site — handling mercury each day with his bare hands. …
Some big American coal companies have advised President Donald Trump’s administration to break his promise to pull the United States out of the Paris Climate Agreement — arguing that the accord could provide their best forum for protecting their global interests. Remaining in the global deal to combat climate change …
Michael Evangelista-Ysasaga wants to build a humane wall on the border between the U.S. and Mexico. That is one reason the Mexican-American answered a call from U.S. Customs and Border Protection for proposals on sections of the wall to be built on the Southwestern border. Evangelista-Ysasaga said his company, the …