Continuing its focus on curbing government regulations, a Republican-led House is seeking to overturn a rule that would let consumers band together to sue their banks or credit card companies rather than use an arbitrator to resolve a dispute. The Consumer Financial Protection Bureau finalized the rule just two weeks …
Greece successfully sold debt to private investors for the first time in three years Tuesday, taking a significant first step toward financial independence when its third international bailout ends next year. The deal came a month after eurozone finance ministers signed off on a new loan and sketched out measures …
A Ghanaian teenager wanted to develop a video search engine that could challenge the dominance of YouTube. As Faith Lapidus reports, he’s well on his way. …
From recycled paint to rented jeans, businesses large and small are looking at ways to cut waste, use fewer resources and help create what has been coined a “circular economy” in which raw materials and products are repeatedly reused. Unilever, Renault, Google and Nike are some of the companies starting …
More steps to free up trade globally have been taken since Donald Trump was elected than measures to restrict it, the World Trade Organization said, despite concerns his administration would introduce a raft of punitive rules to protect U.S. jobs. The WTO’s global monitoring report, debated at a trade policy …
Lucy Harris thinks Britain’s decision to leave the European Union is a dream come true. Nick Hopkinson thinks it’s a nightmare. The two Britons — a “leave” supporter and a “remainer” — represent the great divide in a country that stepped into the unknown just over a year ago, when British voters …
Authorities in Madrid asked Spain’s anti-trust watchdog on Saturday to investigate whether Uber’s new low-cost airport transfer service constitutes unfair competition. The city council’s request follows the ride-hailing app’s return to the Spanish capital last year after the CNMC competition regulator called for the government to lift a ban on …
The state government in India’s capital told Philip Morris International Inc and other tobacco companies Saturday to remove all advertisements from tobacco shops in the city, warning them of legal action if they do not comply. The order, sent by Delhi state’s chief tobacco control officer S. K. Arora, comes …
An Australian man who died in a Sydney car crash may be the 18th death linked to faulty Takata air bags, after police said he was killed when hit in the neck by shrapnel from an air bag. Police did not say the air bag in the Honda CR-V was …
The Carrier manufacturing facility in Indianapolis, Indiana, owned by United Technologies Company, was in the limelight during the 2016 presidential election when then-candidate Donald Trump criticized UTC’s announcement it was moving jobs from the facility to Mexico. While Trump’s postelection negotiations, including tax incentives, encouraged Carrier to remain in Indianapolis, …
President Donald Trump was expected to sign an executive order Friday authorizing a comprehensive review of the U.S. manufacturing sector to help ensure the security of the nation, according to White House officials. White House National Trade Council Director Peter Navarro told reporters Friday industrial supply chains will also be …
Businesses owned by U.S. President Donald Trump have filed requests for visas with the Department of Labor to hire dozens of temporary foreign workers. The news of the requests comes during the White House’s “Made in America Week,” urging American companies to hire American workers, a central theme of Trump’s …
An international energy watchdog warns that the decline in global investment in the oil sector could lead to energy shortages when prices start to rebound. The International Energy Agency says energy investments have declined 20 percent in the past three years as oil profits fell. One analyst tells VOA that …
The government of Peru’s President Pedro Pablo Kuczynski said on Thursday that it was firing its special counsel in a corruption probe of Brazilian builder Odebrecht, sparking accusations of interference. Justice Minister Marisol Perez said she dismissed special attorney Katherine Ampuero for blocking Odebrecht’s sale of its irrigation company Olmos. …
U.S. law enforcement officials say they have shut down AlphaBay, the largest online marketplace for the sale of drugs, weapons, fraudulent and stolen ID’s and other illicit products. Attorney General Jeff Sessions on Thursday described AlphaBay’s closure as “the largest dark net marketplace takedown in history.“ AlphaBay’s seizure came as …
The U.S. Treasury Department has fined ExxonMobil Corporation $2 million for violating Russia sanctions related to Ukraine, while Secretary of State Rex Tillerson was CEO of the global oil and gas conglomerate. The department’s Office of Foreign Assets Control imposed the civil penalty after concluding ExxonMobil did not voluntarily disclose …
U.S.-based payment card companies, including American Express, MasterCard and Visa, are preparing to submit license requests to operate in China within months, according to three people with direct knowledge of the matter. The long wait for the U.S. companies is, though, unlikely to end soon. It may take as long …
House Republicans on Tuesday unveiled a 10-year budget blueprint that would dramatically increase military spending while putting the GOP on record favoring Medicare cuts opposed by President Donald Trump. The GOP plan, authored by Budget Chairman Diane Black, R-Tenn., would also pave the way for overhauling the U.S. tax code …
The Trump Administration has launched “Made In America Week” to highlight the importance of U.S. manufacturing and tout its policies to bring more such jobs back home from overseas. But as VOA White House Bureau Chief Steve Herman reports, many Trump family products are made in foreign factories, leading to …
President Donald Trump inspected products brought to the White House on Monday from all 50 U.S. states to launch his “Made In America Week.” On display from the easternmost state of Maine was a yacht. From the distant shores of Hawaii, more than 7,500 kilometers from the nation’s capital, there …
EU foreign ministers approved on Monday measures to allow Ukraine to export more industrial and agricultural products free of tariffs to the bloc in recognition of reforms undertaken by Kyiv and the country’s fragile economy. By the end of September, Ukraine will be able to export greater tonnage of farm …
On a sweltering summer morning in the southern Indian city of Chennai, a dozen garment workers crowd into a small courtroom for the latest hearing in a protracted battle over low wages in factories supplying global fashion brands. The women are among tens of thousands of workers in Tamil Nadu …
A severed marine cable has left Somalia without internet for weeks, triggering losses for businesses, residents said, and adding a layer of chaos in a country where Islamist insurgents are carrying out a campaign of bombings and killings. Abdi Anshuur, Somalia’s minister for posts and telecommunications, told state radio that …
Gibraltar will not be a victim of Brexit and has had guarantees from the British government it will not do a trade deal with the European Union which doesn’t include the territory, its chief minister said on Sunday. The future of Gibraltar, a rocky enclave on the southern tip of …
Bilateral talks aimed at reducing the U.S. trade deficit with China have yielded some initial deals, but U.S. firms say much more needs to be done as a deadline for a 100-day action plan expires Sunday. The negotiations, which began in April, have reopened China’s market to U.S. beef after …
Take care of your soil, and your soil will take care of you. That’s the message agriculture experts have for farmers worldwide. They say farmers can halt the degradation of their land and save money by using techniques known as conservation agriculture. But as VOA’s Steve Baragona reports, adopting those …