The International Chamber of Commerce, the world’s largest business organization, has become the latest group to criticize a proposed change to Hong Kong law that would allow for criminal extradition to mainland China. In a scathing letter issued to legislators Wednesday, the ICC questioned why Hong Kong is fast-tracking such …
A strike by Uber and Lyft drivers in cities across the United States this week caused barely a ripple to passengers looking to catch a ride, highlighting the challenges in launching a labor movement from scratch in an industry that is by nature decentralized. Activists and others involved in the …
“We’re starting that paperwork today” for imposing new “very heavy tariffs” on Chinese products,” U.S. President Donald Trump told reporters just hours before trade talks in Washington are to resume between officials of the world’s two largest economies. The United States is set to impose Friday an increase in tariffs …
Orlando, Florida, had 75 million visitors last year as the theme park mecca continued to be the most visited destination in the United States Orlando had 75 million visitors last year as the theme park mecca continued to be the most visited destination in the United States, tourism officials said …
President Donald Trump said Wednesday U.S. automaker General Motors will invest $700 million in Ohio and create 450 jobs, selling one of its shuttered plants to a company that will produce electric trucks. “GREAT NEWS FOR OHIO!” Trump tweeted. Trump said he had talked to GM chief Mary Barra who …
In the U.S., there’s an old saying that there are only two things that are certain in life: death and taxes. But as it turns out, death is way more certain than taxes in the United States. Corporations and some wealthy individuals, including President Donald Trump, are able to legally …
If a rising tide lifts all boats, then Vietnam may find that there is a related saying in economics: when the tide goes out, you will see who was swimming naked. The Southeast Asian country has fared fairly well amid the trade frictions around the world, with its foreign investment …
Instead of managing livestock with her family on her Floyd, Iowa, farm, Pam Johnson would rather see tractors in her fields. “I look outside at the weather and how we should be planting right now to have optimum yields this year, and we’re kind of stuck,” she told VOA, standing …
U.S. stocks slid Tuesday as escalating trade tensions between the United States and China triggered global growth fears and drove investors away from riskier assets. The Dow Jones Industrial Average posted its second-biggest daily percentage drop of the year, while the S&P 500 and Nasdaq registered their third-biggest percentage drops, …
The U.S. Congress has yet to schedule a vote on ratifying the United States, Canada, Mexico Trade Agreement, or USMCA, which replaces the 1994 North American Free Trade Agreement, or NAFTA. As VOA’s Kane Farabaugh reports, the wait is weighing on U.S. farmers looking for a reduction in tariffs and …
German sports car maker and Volkswagen subsidiary Porsche will pay a 535-million-euro ($598 million) fine over diesel vehicles that emitted more harmful pollutants than allowed, Stuttgart prosecutors said Tuesday. “The Stuttgart prosecutor’s office has levied a 535-million-euro fine against Porsche AG for negligence in quality control,” the investigators said. Porsche …
U.S. Commerce Secretary Wilbur Ross said on Tuesday that American technologies and expertise could play an important role in developing India’s economy, but were facing significant barriers to accessing its markets. Ross told a gathering of business leaders in New Delhi that foreign companies were at a disadvantage due to …
China has confirmed that its top trade negotiator will travel to the United States to conduct a new round of trade talks later this week, even after U.S. President Donald Trump threatened higher tariffs on billions of dollars of Chinese goods after he complained the process is taking too long. …
Farah Ballout’s big, infectious smile is the first thing that greets you at her workplace, a cafe in Lebanon with a mission to do more than just brew coffee. Before she was hired, the 29-year-old — who has Angelman Syndrome, a genetic disorder that means she has developmental disabilities — …
Pipeline operator Ukrtransnafta said on Monday that clean Russian oil had started flowing from Belarus towards Ukraine and it was ready to resume oil exports to the European Union following a transit hiatus over contaminated crude. Flows through the Druzhba pipeline were suspended in late April because tainted crude had …
The Peruvian government passed a law on Monday aimed at closing loopholes that allow companies to avoid paying taxes, estimating it will be able to collect additional revenues equal to nearly 1 percent of gross domestic product per year. The law, which was passed by decree after being approved by …
Boeing did not tell U.S. regulators for more than a year that it inadvertently made an alarm alerting pilots to a mismatch of flight data optional on the 737 MAX, instead of standard as on earlier 737s, but insisted on Sunday the missing display represented no safety risk. The U.S. …
Democratic presidential candidate Bernie Sanders on Sunday proposed a sweeping agriculture and rural investment plan to break up big agriculture monopolies and shift farm subsidies toward small family farmers. “I think a farmer that produces the food we eat may be almost as important as some crook on Wall …
U.S. President Donald Trump, looking to pressure China to speed up talks on a new trade agreement, says that starting Friday he will impose sharply higher tariffs on billions of dollars of Chinese exports to the United States. Trump said Sunday on Twitter, “For 10 months, China has been paying …
U.S. employers added a robust 263,000 jobs in April, suggesting that businesses have shrugged off earlier concerns that the economy might slow this year and anticipate strong customer demand. The unemployment rate fell to a five-decade low of 3.6% from 3.8%, though that drop partly reflected an increase in the …
A White House meeting between the current U.S. president and a prominent businessman who is seeking to become president of Taiwan is causing concern. The White House on Thursday sought to downplay any diplomatic or political sensitivities, saying President Donald Trump and Foxconn founder Terry Gou did not discuss support for …
The Nasdaq is adding fake meat to its diet. Beyond Meat, the purveyor of plant-based burgers and sausages, made its debut on the stock exchange Thursday. It’s the first pure-play maker of vegan “meat” to go public, according to Renaissance Capital, which researches and tracks IPOs. Beyond Meat raised about …
President Donald Trump is increasingly reliant upon economic sanctions to achieve his foreign policy goals, despite a repeated emphasis that the use of military force remains a viable option. However, these coercive measures, analysts say, have not produced their intended results, and at times have put the United States at …
The United States and China are nearing a trade deal that would roll back a portion of the $250 billion in U.S. tariffs on Chinese goods, Politico reported on Wednesday after U.S. Treasury Secretary Steven Mnuchin said the two countries completed “productive” talks in Beijing. Mnuchin, along with U.S. Trade …
Higher salaries, better working conditions, maternity leave, minimum wage and an end to discrimination against temporary or foreign workers: These were among the concerns as hundreds of thousands of union members and labor activists rallied around the world to mark May Day. The tradition of May Day marches for workers’ …
U.S. Treasury Secretary Steven Mnuchin says he hopes to makes “substantial progress” in trade talks with China, as the world’s two largest economies try to reach a resolution to their trade war. Mnuchin and Trade Representative Robert Lighthizer are leading a U.S. delegation meeting with Chinese officials this week in …