Shares in automakers Nissan, Mitsubishi and Renault fell sharply Tuesday after the arrest of executive Carlos Ghosn on allegations of “significant acts” of financial misconduct. All three firms are considering replacing him as chairman. Nissan, one of the world’s biggest automakers, said Ghosn falsified reports about his compensation “over many …
World stock markets fell Monday as worries about softening demand for the iPhone dragged down shares of Apple Inc and persistent trade tensions between China and the United States sapped investor sentiment. Concerns about slowing economic growth also pushed down the dollar. The U.S. benchmark S&P 500 stock index dropped …
A new United Nations survey finds that opium cultivation in Afghanistan has decreased by 20 percent in 2018 compared to the previous year, citing a severe drought and falling prices of dry opium at the national level. The total opium-poppy cultivation area decreased to 263,000 hectares, from 328,000 hectares estimated …
Japanese automaker Nissan says it has determined that its chairman, Carlos Ghosn, falsified reports about his compensation “over many years.” The company said its internal investigation also found Ghosn had used company assets for personal purposes. Japanese media are reporting Monday that Ghosn is being questioned by Tokyo prosecutors on …
The United States and China offered competing views to regional leaders at the Asia Pacific Economic Cooperation (APEC) meetings in Papua New Guinea, trading sharp words over trade, investment, and regional security. Washington said it can provide a better option for regional allies under is “Free and Open Indo-Pacific” strategy. …
Federal Reserve policymakers on Friday signaled further interest rate increases ahead, but raised relatively muted concerns over a potential global slowdown that has markets betting heavily that the Fed’s rate hike cycle will soon peter out. The widening chasm between market expectations and the rate path the Fed laid out …
Now that South Africa’s highest court has relaxed the nation’s laws on marijuana, local entrepreneurs are trying to cash in on the popular herb. Among the latest entries to the market: several highly popular cannabis-laced alcohol products, which deliver the unique taste, though without the signature high. Marijuana activists say …
Land laws mean nothing unless communities can prove their ownership, researchers said Thursday, calling for better tools to map the land and stave off conflict over property. From South Africa to the Amazon rainforest, battles over land and who owns it are unleashing unprecedented conflict and labyrinthine legal cases as …
Ethically driven businesses are becoming increasingly popular and profitable but they can face threats for shaking up the existing order, entrepreneurs said on Social Enterprise Day. When Meghan Markle wore a pair of “slave-free” jeans on a royal tour of Australia last month, she sparked a sales stampede and shone …
As world leaders land in Papua New Guinea for a Pacific Rim summit, the welcome mat is especially big for China’s president. A huge sign in the capital, Port Moresby, welcomes Xi Jinping, picturing him gazing beneficently at Papua New Guinea’s leader, and his hotel is decked out with red …
A U.S. congressional commission said Wednesday that China appears to have relaxed enforcement of sanctions on North Korea and called on the Treasury Department to provide a report on Chinese compliance within 180 days. In its annual report, the U.S.-China Economic and Security Review Commission said the Treasury report should …
Safety is the biggest concern for women using public and private transport in five of the world’s biggest commuter cities, according to a global poll released Thursday as improving city access for women becomes a major focus globally. A Thomson Reuters Foundation survey of 1,000 women in London, New York, Mexico …
The United Kingdom and the European Union have agreed on a deal that will give London’s vast financial center only a basic level of access to the bloc’s markets after Brexit. The agreement will be based on the EU’s existing system of financial market access known as equivalence — a …
When Meghan Markle wore a pair of “slave-free” jeans on a royal tour of Australia last month, she sparked a sales stampede and shone a spotlight on the growing number of companies aiming to meet public demand for products untainted by modern-day slavery. Australia-based Outland Denim employs dozens of survivors …
Britain’s Theresa May scrambled Wednesday to sell to her Cabinet a draft Brexit divorce agreement British negotiators concluded after months of wrangling with their European Union counterparts. But the 500-page draft remains a source of deep dispute within Britain’s ruling Conservative party and also in the country’s parliament, which will …
Several hundred private cargo planes in the United States deliver millions of packages per year. The FedEx superhub in Memphis Tennessee works around the clock to get parcels delivered to customers and hopefully – on time. VOA’s Lesia Bakalets traveled to Memphis to learn what part of day is the …
The European Union’s highest court has ruled that the taste of a food cannot be protected by copyright. The European Court of Justice said Tuesday “the taste of a food product cannot be identified with precision of objectivity,” thus making it ineligible “for copyright protection.” Dutch cheese maker Levola had …
The federal government recorded a deficit of $100.5 billion in October, a big increase from a year ago that was primarily caused by quirks in the calendar. The Treasury Department said Tuesday that the deficit shot up 59 percent from the same month a year ago. Last year’s October deficit was smaller because the government paid $48 billion in benefits in September — and that was because Oct. 1 fell on …
Inflation in Zimbabwe soared last month to its highest level since 2008, official data showed Tuesday, after a severe dollar shortage led to a surge in prices of food, drinks and clothes. The annual inflation rate shot up to 20.85 percent in October, statistics agency Zimstat said, from 5.39 percent in September, …
This is part of “Ocean Shock,” a Reuters series exploring climate change’s impact on sea creatures and the people who depend on them. Takashi Odajima picked up a cracked and faded photograph and dusted it off with his sleeve. He smiled a little sadly at the image from long ago, …
Millions of smallholder farmers in South and Southeast Asia are missing out on new, resilient seeds that could improve their yields in the face of climate change, according to an index published Monday. The 24 top seed companies fail to reach four-fifths of the region’s 170 million smallholder farmers for …
A broad sell-off in technology companies pulled U.S. stocks sharply lower Monday, knocking more than 600 points off the Dow Jones Industrial Average. The wave of selling snared big names, including Apple, Amazon and Goldman Sachs. Banks, consumer-focused companies, and media and communications stocks all took heavy losses. Crude …
Japan’s Prime Minister Shinzo Abe called Monday for a new public works spending program to stimulate the economy amid growing concerns about global risks. The spending, which is expected in the first half of next fiscal year starting in April, will focus on strengthening infrastructure to withstand earthquakes and frequent flooding, according …
A majority of OPEC and allied oil exporters support a cut in the global supply of crude, Oman Oil Minister Mohammed bin Hamad al-Rumhi said on Sunday. “Many of us share this view,” the minister said when asked about the need for a cut. Asked if it could amount to …
The Belgium-based SWIFT financial messaging service will be disconnecting some Iranian banks this weekend, said SWIFT chief executive Gottfried Leibbrandt at an event in Paris on Friday. Earlier this week, SWIFT had already stated that it would be suspending some unspecified Iranian banks’ access to its messaging system in the …
India-based motorcycle brand Royal Enfield expects sales in its new North American business to almost triple this year and is aiming to dominate the market for middleweight bikes into which Harley-Davidson Inc has just shifted in a bid to revive sales. Enfield, originally a classic UK brand but manufactured by …