Rising tensions between the United States and North Korea brought a wave of falling stock prices recently as worried investors moved money out of equities and into the perceived safety of gold, Swiss currency and similar products. At one point, this change of investment strategy cut $1 trillion from the …
Israel has been known as the land of milk and honey since Biblical times – but the land of single malt whiskey? One appropriately named distillery is trying to turn Israel into a whiskey powerhouse. Smooth, honey-brown whiskey is not the first thing that comes to mind when most people …
Four U.S. Senate Republicans from oil-refining states Thursday urged the Trump administration not to block oil shipments from Venezuela as part of U.S. sanctions against the country, saying it could raise costs for U.S. fuel consumers. The United States sanctioned President Nicolas Maduro and other Venezuelan officials after Maduro established …
Arctic fjords that hid Soviet nuclear-powered submarines during the Cold War are now being used as a weapon in the sanctions war with Europe – to rear fish that Russia can no longer import. Three years ago, Russia banned food imports from the West in response to a series of …
The U.S. Equal Employment Opportunity Commission has determined there is reasonable cause that the civil rights of Somali-American Muslims were violated when agri-business giant Cargill refused to allow them to pray at a meatpacking plant it owns in the western state of Colorado. The finding was reached almost two years …
U.S. lawmakers will have three weeks to raise America’s $20 trillion borrowing limit and avert a potential debt default when Congress gets back to work next month — the first such deadline to occur during the Trump administration. If recent history is a guide, raising the debt ceiling will be …
Egypt’s official statistics agency says the country’s inflation rate has jumped to 33 percent in July – up from 29.8 percent in June. The announcement comes as Egyptians struggle in the face of steep price hikes as part of the government’s economic reform plan. The Central Agency for Public …
The extreme volatility of Venezuela’s exchange rate has the crisis-hit country’s shop owners hurriedly marking up their merchandise and consumers balking at the higher price tags. Just last week, the bolivar currency fell around 70 percent on the black market, according to DolarToday, the opaque U.S.-based website that dictates the …
The Trump administration’s decision on Wednesday to slap sanctions on eight members of Venezuela’s all-powerful constitutional assembly brings to 30 the number of government loyalists targeted for human rights abuses and violations of democratic norms since anti-government protests began in April. But even as the list of targeted individuals grows …
China’s new military and logistical base in Djibouti has put other foreign powers on edge, but observers believe China’s strategy in the region is more about economic growth than military might. After months of anticipation since announcing plans for its first foreign base, China opened what it calls a logistical …
Dozens of glistening pools in a small village on Croatia’s Adriatic coast stand testament to its annual salt harvests from seawater, which use a method largely unchanged for centuries. The salt works facility in Ston, which says it is the oldest in Europe, consists of 58 pools and covers about …
Tesla said on Monday it would raise about $1.5 billion through its first-ever offering of junk bonds as the U.S. luxury electric carmaker seeks fresh sources of cash to ramp up production of its new Model 3 sedan. The move to issue junk bonds — lower-quality investments that offer higher …
For Jisi Lazuo, the torch festival in her village in southwest China should be a celebration involving colorful ethnic clothes and eating freshly slaughtered pig. Instead, it’s a time of stress. “In my heart I always get worried when the torch festival comes along,” said Jisi, 37, who supports a …
Nebraska regulators opened a final hearing on TransCanada Corp’s proposed Keystone XL pipeline on Monday, a week-long proceeding that marks the last big hurdle for the long-delayed project after President Donald Trump approved it in March. The proposed 1,179-mile (1,897-km) pipeline linking Canada’s Alberta oil sands to U.S. refineries has …
Russia will speed up work on reducing dependency on U.S. payment systems and the dollar as a settling currency, RIA news agency cited Deputy Foreign Minister Sergei Ryabkov as saying on Monday. It is a response to the new sanctions against Russia reluctantly signed into law last week by U.S. …
The British government denied Monday that it has agreed on the amount of its European Union exit bill, after a report emerged that it plans offer the bloc 36 billion pounds ($47 billion). Britain’s outstanding tab to settle commitments it made as an EU member is one of the biggest …
A Trump Organization company has applied for four new trademarks in the Asian gambling hub of Macau, including one for casinos, public records show. The new applications highlight the ethical complexity of maintaining the family branding empire while Donald Trump serves as president, and are likely to stoke speculation about …
Cuban authorities have ordered the closure of one of the island’s fastest-growing cooperatives, days after announcing that they would stop issuing new permits for some private enterprise. Scenius, which provides accounting and business consulting services, will have until December 31 to liquidate, the cooperative’s founder and director, Luis Duenas, told …
Britain is prepared to pay up to 40 billion euros ($47 billion) as part of a deal to leave the European Union, the Sunday Telegraph newspaper reported, citing three unnamed sources familiar with Britain’s negotiating strategy. The European Union has floated a figure of 60 billion euros and wants significant …
Supporters of the United Auto Workers say they’re not giving up their fight to unionize a Nissan auto assembly plant in Mississippi after a stinging defeat, even as UAW opponents say Friday’s loss proves workers don’t want the union. More than 62 percent of workers voting in a two-day election …
The U.S. job market exceeded expectations last month adding 209,000 new workers to the economy in July and lowering the national unemployment rate to 4.3 percent. But wages continue to underperform, as did the nation’s labor participation rate. Economists say that’s because millions of working-age Americans are choosing to remain …
Rajeev Sakhuja has kept a hectic schedule in recent months as he makes scores of presentations in Delhi and surrounding towns about why and how to invest in equities. The investment adviser has an attentive audience as traditional avenues of gold and real estate lose their luster and as stock …
The head of German automaker Volkswagen’s engineering and environment office pleaded guilty Friday in a U.S. court to charges connected to an emissions scandal involving the company. Volkswagen executive Oliver Schmidt pleaded guilty to conspiracy and fraud charges that could land him in prison for up to seven years. He …
The U.S. economy had a net gain of 209,000 jobs in July, while the unemployment rate fell slightly to 4.3 percent. That matches the lowest jobless rate in 16 years. Friday’s Labor Department report says job gains were seen in restaurants, business services and health care. The average hourly wage …
U.S. employers hired more workers than expected in July and raised their wages, signs of labor market tightness that likely clears the way for the Federal Reserve to announce next month a plan to start shrinking its massive bond portfolio. The Labor Department said that nonfarm payrolls increased by 209,000 …
Under a best-case scenario, a newly negotiated North American Free Trade Agreement (NAFTA) would not be implemented before the end of next year or the start of 2019, Mexico’s economy minister said Thursday. Among other issues, NAFTA talks would focus on how to provide more certainty in dispute resolutions, Economy …