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 …
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 …
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 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 …
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. …
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 …
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 …
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 …
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, …
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 …
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 …
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 …