U.S. consumer prices barely rose in June, but the underlying trend continued to point to a steady buildup of inflation pressures that could keep the Federal Reserve on a path of gradual interest rate increases. Other data on Thursday showed first-time applications for unemployment benefits dropped to a two-month low …
The U.S. is on pace to leapfrog both Saudi Arabia and Russia to become the world’s biggest oil producer. The latest data released by the Energy Information Administration shows U.S. output growing again next year to 11.8 million barrels a day. Linda Capuano, who heads the agency, says that …
The U.S. is on pace to leapfrog both Saudi Arabia and Russia to become the world’s biggest oil producer. The latest data released by the Energy Information Administration shows U.S. output growing again next year to 11.8 million barrels a day. Linda Capuano, who heads the agency, says that …
Nigeria’s President Muhammadu Buhari said on Wednesday the country will soon sign up to a $3 trillion African free trade zone. Nigeria is one of Africa’s two largest economies, the other being South Africa. Buhari’s government had refused to join a continental free-trade zone established in March, on the grounds …
Nigeria’s President Muhammadu Buhari said on Wednesday the country will soon sign up to a $3 trillion African free trade zone. Nigeria is one of Africa’s two largest economies, the other being South Africa. Buhari’s government had refused to join a continental free-trade zone established in March, on the grounds …
In a ceremony last week attended by heads of state from across East Africa, Djibouti inaugurated what it says will become the largest free-trade zone on the continent. The project will take 10 years to complete and will occupy more than 48 square kilometers when finished. In the pilot phase, …
In a ceremony last week attended by heads of state from across East Africa, Djibouti inaugurated what it says will become the largest free-trade zone on the continent. The project will take 10 years to complete and will occupy more than 48 square kilometers when finished. In the pilot phase, …
As the trade war between the world’s two largest economies nears the end of its first week, its most unsettling fact may be this: No one seems to foresee any clear path to peace. The United States insists that China abandon the brass-knuckles tactics it’s used to try to …
Uber is getting into the scooter-rental business. The ride-hailing company said Monday that it is investing in Lime, a startup based in San Mateo, California. “Our investment and partnership in Lime is another step towards our vision of becoming a one-stop shop for all your transportation needs,” Rachel …
Uber is getting into the scooter-rental business. The ride-hailing company said Monday that it is investing in Lime, a startup based in San Mateo, California. “Our investment and partnership in Lime is another step towards our vision of becoming a one-stop shop for all your transportation needs,” Rachel …
President Donald Trump is threatening to “respond” after several major U.S. drug companies raised prices of some widely prescribed medicines. “Pfizer and others should be ashamed that they have raised drug prices for no reason,” Trump tweeted Monday. “They are merely taking advantage of the poor and others unable to …
President Donald Trump is threatening to “respond” after several major U.S. drug companies raised prices of some widely prescribed medicines. “Pfizer and others should be ashamed that they have raised drug prices for no reason,” Trump tweeted Monday. “They are merely taking advantage of the poor and others unable to …
Behind a row of sealed red incubator doors in a new facility in northern China, about 400,000 chicks are hatched every day, part of the rapidly modernizing supply chain in China’s $37 billion egg industry, the world’s biggest. As China overhauls production of everything from pork to milk and vegetables, …
German Chancellor Angela Merkel and Chinese Prime Minister Li Keqiang stressed their commitment to a multilateral trade system Monday in the wake of Washington’s decision to impose widespread tariffs, saying it was to everyone’s benefit. Speaking in Berlin after the two countries signed deals worth 20 billion euros ($23.6 billion), …
German Chancellor Angela Merkel and Chinese Prime Minister Li Keqiang stressed their commitment to a multilateral trade system Monday in the wake of Washington’s decision to impose widespread tariffs, saying it was to everyone’s benefit. Speaking in Berlin after the two countries signed deals worth 20 billion euros ($23.6 billion), …
Chinese exporters were scrambling Monday to cope with a plunge in U.S. sales while China’s state press shrugged off the impact of Washington’s tariff hikes in a spiraling technology dispute. The impact of Friday’s tariff hikes on the world’s second-largest economy should be limited, according to private sector analysts. But …
Chinese exporters were scrambling Monday to cope with a plunge in U.S. sales while China’s state press shrugged off the impact of Washington’s tariff hikes in a spiraling technology dispute. The impact of Friday’s tariff hikes on the world’s second-largest economy should be limited, according to private sector analysts. But …
Germany plans to use public money to support companies that invest in Africa, part of a new “Marshall Plan” with which it hopes to tackle the roots of the refugee crisis that has convulsed European politics since 2015. The aim was to reintroduce a scheme from the 1980s that made …
What started as a simple desire to be able to provide for her children has turned into a multimillion-dollar business for Tammie Umbel of Dulles, Virginia. She not only runs a cosmetics company but home-schools her 14 children — and says she still finds time for herself. Leysa Bakalets has …
What started as a simple desire to be able to provide for her children has turned into a multimillion-dollar business for Tammie Umbel of Dulles, Virginia. She not only runs a cosmetics company but home-schools her 14 children — and says she still finds time for herself. Leysa Bakalets has …
Mexican President-elect Andres Manuel Lopez Obrador will seek to end the country’s massive fuel imports, nearly all from the United States, during the first three years of his term while also boosting refining at home. The landslide winner of last Sunday’s election told reporters Saturday morning before attending private meetings with members of his future …
Mexican President-elect Andres Manuel Lopez Obrador will seek to end the country’s massive fuel imports, nearly all from the United States, during the first three years of his term while also boosting refining at home. The landslide winner of last Sunday’s election told reporters Saturday morning before attending private meetings with members of his future …
One of the world’s biggest cargo shippers announced Saturday that it was pulling out of Iran for fear of becoming entangled in U.S. sanctions, and President Hassan Rouhani demanded that European countries to do more to offset the U.S. measures. The announcement by France’s CMA CGM that it was quitting Iran dealt a blow …
The opening shots have been fired in what some fear may be the start of a major trade war. China retaliating at midnight Friday with equivalent tariffs on U.S. goods after the U.S. followed through on its threat to raise tariffs on $34 billion worth of Chinese imports. All this …
Amid the very real hardships Syrian refugees face, little has been said about another major health and humanitarian issue: What to do with the massive accumulations of trash and waste. But one refugee camp in Jordan is doing something about it. With the help of an international nonprofit group, the …
The political squabbling between China and the United States over trade and other issues affect the world’s two largest economies through a variety of mechanisms with unpredictable results. For example, prices of stock in both nations have been hurt as some shareholders sold their shares and other investors were reluctant …