U.S. President Donald Trump and South Korean President Moon Jae-in signed a revised free trade agreement between the two countries Monday afternoon in New York, following their bilateral meeting on the sidelines of the United Nations General Assembly (UNGA). “I’m very excited about our new trade agreement,” Trump said during …
Iran’s currency has hit another record low against the dollar, six weeks before the United States is due to reimpose sanctions on Iranian oil exports that are Tehran’s main revenue source. The Bonbast.com website, which tracks Iran’s unofficial exchange rates, showed a new low of 16,000 tomans, or 160,000 rials, …
A gluten-free grain that grows in Africa’s impoverished and semi-arid Sahel region is taking off as a health food in New York, the Senegalese chef who masterminded its revival said Monday, outlining plans to almost double production by 2023. Pierre Thiam began exporting fonio to New York last year, hoping …
The United Nations, the World Bank and the International Committee of the Red Cross are partnering with technology powerhouses to launch a global initiative aimed at preventing famines. “The fact that millions of people — many of them children — still suffer from severe malnutrition and famine in the 21st …
Secretary of State Mike Pompeo vows the United States will be victorious in any trade war with China, a day before the Trump administration’s latest tariffs on Chinese imports go into effect. Pompeo told Fox News on Sunday. “We are going to get an outcome which forces China to behave …
Comcast beat Rupert Murdoch’s Twenty-First Century Fox in the battle for Sky after offering 30.6 billion pounds ($40 billion) for the British broadcaster, in a dramatic auction to decide the fate of the pay-television group. U.S. cable giant Comcast bid 17.28 pounds a share for control of London-listed Sky, bettering a 15.67 offer by …
British Prime Minister Theresa May’s aides have begun contingency planning for a snap election in November to save both Brexit and her job, the Sunday Times reported. The newspaper said that two senior members of May’s Downing Street political team began “war-gaming” an autumn vote to win public backing for a new …
Tensions between China and the United States escalated Saturday as China’s Foreign Ministry summoned U.S. Ambassador to China Terry Branstad to issue a harsh protest against U.S. sanctions set for the purchase of Russian fighter jets and surface-to-air missiles. The move came hours after China canceled trade talks with the …
America’s rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy. It has long been conventional wisdom that rising oil prices hurt the economy by forcing consumers to spend more on gasoline and heating their homes, leaving less for …
The United States is optimistic about finding a way forward in trade talks with China, but no date has yet been determined for further talks between the two countries, according to a senior White House official. The official told reporters Friday at the White House that China “must come to …
Canada and the United States showed scant sign on Thursday of closing a deal to revamp NAFTA, and Canadian officials made clear Washington needed to withdraw a threat of possible autos tariffs, sources said. The administration of U.S. President Donald Trump wants to be able to agree on a text …
Seven years after the Arab Spring, little has been done to address youth unemployment in Tunisia, a key factor in extremist groups’ ability to recruit marginalized youth, rights groups and experts warn. “Someone who is marginalized with nothing to lose, no stability in life, no vision of the future, no hope for …
New U.S. claims for jobless benefits fell for the third week in a row, hitting their lowest level in nearly 49 years for the third straight week, the Labor Department reported Thursday. The new figures suggest the U.S. economy’s vigorous job creation continued unabated this month as the data were …
Alibaba Chairman Jack Ma said Wednesday that the Chinese e-commerce giant had canceled plans to create 1 million jobs in the U.S., blaming the ongoing trade war for the decision, according to Chinese news agency Xinhua. “This commitment is based on friendly China-U.S. cooperation and the rational and objective premise …
Canada said on Wednesday that it would need to see movement from the United States if the two sides are to reach a deal on renewing NAFTA, which Washington insists must be finished by the end of the month. Although the administration of U.S. President Donald Trump and its allies …
Kenya’s Finance Minister Henry Rotich has cut the government’s spending budget by 55.1 billion shillings ($546.90 million), or 1.8 percent, for the fiscal year from July this year, a Treasury document showed on Wednesday. The government is facing a tough balancing act after a public outcry over a new 16 …
Several cryptocurrency exchanges are plagued by poor market surveillance, pervasive conflicts of interest and lack sufficient customer protections, the New York Attorney General’s office said in a report published on Tuesday. The study found that online platforms where virtual currencies such as bitcoin can be bought and sold by individuals …
Dozens of European countries are backing a plan to increase the use of hydrogen as an alternative to fossil fuels to cut the continent’s carbon emissions. Energy officials from 25 countries pledged Tuesday to increase research into hydrogen technology and accelerate its everyday use to power factories, drive cars …
Africa has the globe’s fastest-growing youth population as well as 10 of the poorest countries, a volatile combination that warrants making it “the world’s most important priority for the foreseeable future.” The Bill & Melinda Gates Foundation lays out that argument in its second annual report on progress toward sustainable …
The Asian Development Bank said on Tuesday it is expanding its presence in the Pacific islands, at a time of competition for influence there, opening seven new country offices and expecting its loans and grants in the region to top $4 billion by 2020. The pledge from the Japan-led bank …
Francisco Javier Jaramillo and Victor Chavez should be picking sweet potatoes at a North Carolina farm and sending much-needed money to their families in Mexico. Instead, Hurricane Florence has forced the migrant workers to evacuate their farm and seek refuge at a school-turned-shelter near the tiny hamlet of Spivey’s Corner, …
Aid money urgently needs to be redirected to the poorest countries in order to reach the United Nations’ goal of ending extreme poverty by 2030, according to a report. The London-based Overseas Development Institute (ODI) says middle-income countries receive more aid than the 30 poorest nations. It also warns that …
U.S. media reports said Friday that President Donald Trump has instructed aides to proceed with tariffs on $200 billion more in Chinese products. Citing sources familiar with the matter, Bloomberg and Reuters said the president wanted to move forward with the additional duties even though Treasury Secretary Steven Mnuchin is …
The Turkish central bank caught international markets by surprise Thursday as it aggressively hiked interest rates in an effort to strengthen consumer confidence, stem inflation and rein in the currency crisis. Interest rates were increased to 24 percent from 17.75 percent, which is more than double the median of investor …
Cuba’s street vendors are bringing back the pregon, the art of singing humorous, rhyming ditties with double entendres about the goods they are selling, with some modernizing the tradition by setting their tunes to reggaeton. The pregon is a centuries-old tradition that has inspired famous songs like “El Manisero” (the …
Even before U.S.-China trade tensions began escalating dramatically, foreign businesses who operate in China were warning about the impact tariffs could have. And now, according to a newly released joint survey from the American Chamber of Commerce in China and AmCham Shanghai, many are already feeling the pinch. More than …