A Chinese automaker is turning its attention west, vowing to sell cars to Americans by the fourth quarter of 2019. GAC Motor on Monday unveiled two models at the North American International Auto Show in Detroit: a concept gull-wing compact electric SUV called the Enverge and a GA4 midsize sedan …
Crude oil prices reached a 30-month high this week. But the government agency that analyzes and disseminates energy information says the rally may have run its course. The Energy Information Administration predicts U.S. crude prices will stabilize to about 55 dollars a barrel for West Texas Crude and 60 dollars …
Following an outcry over a significant disparity in pay between co-stars, Mark Wahlberg agreed Saturday to donate the $1.5 million he earned for reshoots for All the Money in the World to the sexual misconduct defense initiative Time’s Up. Wahlberg said he’ll donate the money in the name of his …
Tunisia plans to increase aid for poor families by $70.3 million, after nearly a week of protests over austerity measures, an official said Saturday. “This will concern about 250,000 families,” Mohamed Trabelsi, minister of social affairs, said. “It will help the poor and middle class.” President Beji Caid Essebsi was …
Deadly traffic accidents are more than just individual tragedies. They’re a drag on economic growth in developing countries, according to a new World Bank report. The study is among the first to show that investing in road safety in low- and middle-income countries would raise national incomes. Ninety percent of …
For Illinois farmer Garry Niemeyer, it’s a slow time of year, spent indoors fixing equipment, not outdoors tending his fields, which now lie empty. All of his corn and soybeans were harvested in what has turned out to be a good year. “This is the largest amount of corn we’ve …
The United States Department of Agriculture reports record harvests of corn and soybeans in the United States in 2017, with stocks overflowing at elevators and storage bins across the country. But as VOA’s Kane Farabaugh reports, record yields don’t necessarily translate into stronger bottom lines for farmers, who increasingly depend …
Fiat Chrysler Automobile said on Thursday it will shift production of Ram heavy-duty pickup trucks from Mexico to Michigan in 2020, a move that lowers the risk to the automaker’s profit should President Donald Trump pull the United States out of the North American Free Trade Agreement. Fiat Chrysler said …
The U.S. Environmental Protection Agency will replace Obama-era carbon and clean water regulations and open up a national debate on climate change in 2018, part of a list of priorities for the year that also includes fighting lead contamination in public drinking water. The agenda, laid out by EPA Administrator …
Walmart will raise entry-level wages for U.S. hourly employees to $11 an hour in February as it benefits from last month’s major overhaul of the U.S. tax code and competes for low-wage workers in a tight labor market. But on the same day, the world’s largest retailer and private employer, …
Britain could lose almost 500,000 jobs and 50 billion pounds ($67.41 billion) investment over the next 12 years if it fails to agree a trade deal with the European Union, according a report commissioned by London Mayor Sadiq Khan. Cambridge Econometrics, an economics consultancy, looked at five different Brexit scenarios, …
China is denying a published report that it may slow or even stop purchasing U.S. Treasury bonds. Sources told U.S.-based financial news outlet Bloomberg Wednesday that senior government officials recommended the action as the market for U.S. government bonds is becoming less attractive, along with rising trade tensions with the …
The South Korean government Thursday said it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation’s police and tax authorities raided local exchanges on alleged tax evasion. But later Thursday, South Korea’s presidential office said the ban on the country’s …
Britain is making known its hopes to one day join the Trans-Pacific Partnership or TPP, a free trade agreement currently being negotiated by eleven countries bordering the Pacific and the South China Sea. The British government hopes trade with fast-growing economies will make up for losses that may occur after …
Interior Secretary Ryan Zinke has caved in to pressure from the governor and is banning oil and gas drilling off the Florida coast. “I support the governor’s position that Florida is unique and its coasts are heavily reliant on tourism as an economic driver,” Zinke said in a statement late …
Nearly seven years into Syria’s civil war, Syrian refugees in neighboring Lebanon are becoming poorer, leaving children at risk of child labor and early marriage, aid organizations said on Tuesday. A recent survey by the United Nations children’s agency UNICEF, U.N.’s World Food Program, and refugee agency, UNHCR showed that …
Oil prices surged to a three-year high Tuesday on rising expectations that OPEC member countries will comply with oil production cuts to the end of 2018. Brent Crude prices are headed toward $70 a barrel, West Texas Crude settled at $62.96 bbl, the highest since December 2014. But other factors …
Mexico recorded 6.77 percent annual inflation in 2017, the country said Tuesday, more than double its 3 percent target and a 17-year high. The government’s National Institute of Statistics and Geography published the widely expected figure, also saying that consumer prices rose 0.59 percent in December. “The inflation rebound is …
Greek demonstrators stormed the country’s Labor Ministry and confronted its chief on Tuesday in protest at moves to restrict the right to strike, a condition set by international creditors in exchange for bailout funds. Athens is set to introduce legislation which could limit the frequency of strikes in the country, …
Ecuador’s comptroller’s office on Monday announced it will open an audit of debt contracted in the last five years of the government of former President Rafael Correa to determine the legality of the operations and the use of the funds. The move follows a report by the comptroller’s office revealing …
One person was killed Monday during clashes between security forces and protesters in a Tunisian town, a security official and residents said, as demonstrations over rising prices and tax increases spread in the North African country. A man was killed during a demonstration against government austerity measures in Tebourba, 40 …
Connecting with rural Americans, President Donald Trump on Monday hailed his tax overhaul as a victory for family farmers and pitched his vision to expand access to broadband internet, a cornerstone of economic development in the nation’s heartland. “Those towers are going to go up and you’re going to have …
A US entrepreneur is taking advantage of a demand for American goods in Africa — creating an online portal for cross border trade between the two countries. As VOA’s Mariama Diallo reports. …
Eritrea has temporarily shut down nearly 450 private businesses, the latest in a series of moves that has sent shockwaves through the economy of the Red Sea nation. The closures were a response to companies hoarding cash and “failing to do business through checks and other banking systems,” according to …
The Iranian town of Doroud should be a prosperous place — nestled in a valley at the junction of two rivers in the Zagros Mountains, it’s in an area rich in metals to be mined and stone to be quarried. Last year, a military factory on the outskirts of town …
The U.S. economy ended 2017 by adding 148,000 new jobs in December. Despite the modest gain, hiring was strong enough to suggest the economic momentum will continue. But while the national unemployment rate remained unchanged at a 17-year low of 4.1 percent, analysts say the pace of job growth may …