Chinese consumers are spending billions of dollars shopping online for anything from diapers to diamonds on “Singles Day,” a day of promotions that has grown into the world’s biggest e-commerce event. China’s biggest e-commerce giant, Alibaba Group, said sales by retailers on its platforms had topped $19 billion by …
From Britain’s Queen Elizabeth to Formula One racing champion Lewis Hamilton — the leak of more than 14 million documents from firms involved in offshore finance, known as the Paradise Papers, has engulfed some of the world’s most famous names. The latest revelations show U2 frontman Bono used a company …
Maine’s wild blueberry crop fell sharply this summer to land below 100 million pounds (45.3 million kilograms) for the first time in four years, according to a trade group that promotes the industry. Preliminary industry figures show the crop coming in at about 65 million pounds (29.5 million kilograms), …
The large drop in global cocoa prices has hurt African farmers, leading some to abandon their plantations. In Cameroon, however, cocoa producers are mapping out ways to encourage more local processing. At Nkog-Ekogo in the center region of Cameroon, a cocoa post-harvest processing and treatment center is inaugurated. Farmer Petronella …
President Donald Trump’s two-day stop in China saw the signing of $250 billion in deals between the world’s two biggest economies and the two countries aligning themselves closer in resolute opposition to North Korea’s nuclear ambitions. But analysts say little new ground was broken on trade or North Korea, an …
Donald Trump warned that the stock market was a “big, fat, ugly bubble” just weeks before he was elected. A year later, Wall Street remains on a milestone-shattering run that the president has been eager to tout and tweet about. The Standard & Poor’s 500 index, the broadest measure of …
Bicycle highways, urban farms and local energy hubs — just some of the ways that yesterday’s smokestack cities are turning into tomorrow’s green spaces. The Urban Transitions Alliance (UTA), a network that brings together cities in Germany, the United States and China, launched this week to help members learn regeneration …
The quiz games and ring tosses at factories around Vietnam are more than just amusement; charity workers are using them in their efforts against human trafficking, with the support of foreign governments and corporations. Factory workers play these games as part of training workshops to raise awareness about trafficking, held …
Treasury Secretary Steven Mnuchin said Wednesday that Janet Yellen has not said yet whether she plans to remain on the Federal Reserve board when her term as chair ends in February, but the administration is moving ahead with filling other vacancies. There are three vacancies on the seven-member Fed board …
Commerce Secretary Wilbur Ross plans to completely divest from a shipping company that counts a Russian gas producer with ties to the Kremlin among its major customers. A commerce department spokesman says Ross plans to sell all his shares of Navigator Holdings. That company ships products from Sibur, a …
The Chinese internet company Tencent has acquired a 10 percent stake in Snap, with the social media company struggling to boost user growth. Tencent runs the WeChat messaging app, as well as online payment platforms and games. Earlier this year, it bought a 5 percent stake in Tesla Inc. …
Was Indian Prime Minister Narendra Modi’s move to scrap most currency overnight a year ago a “watershed moment” that helped clean up India’s economy or a “reckless move” that pulled down the world’s fastest-growing economy? The contentious debate intensified on the anniversary of the measure as opposition parties held …
Players line up beside a small kiosk in a poor neighborhood to choose animals in a lottery game that has become a craze in Venezuela even as the oil-rich country suffers a fourth year of brutal recession. It seems more and more Venezuelans are turning to gambling in their desperation …
Inflation in Venezuela’s crisis-hit economy was 826 percent in the 10 months to October and may end 2017 above 1,400 percent, the opposition-controlled National Assembly said Friday. The government stopped releasing price data more than a year ago but congress has published its own figures since January and they have …
Unless emissions can be drastically and quickly curbed, efforts by small island nations to adapt to climate change may be in vain, a leader of a group of small island nations said Tuesday. Hurricanes that hit the Caribbean this year were like nothing seen before, with Hurricane Irma so strong …
The United States and other countries hoping to host the 2026 World Cup should provide government guarantees on visa-free travel plus work permit and tax exemptions for their bids to be accepted, according to documents published by FIFA on Tuesday. The U.S wants to host the 2026 tournament in a …
The restive Spanish region of Catalonia faces a potential $500 million financial hit in the fourth quarter as business-related travel dips following the attack in Barcelona and the uncertainty generated by the disputed independence referendum. In an interview Monday with The Associated Press at the World Travel Market in …
Two weeks ago the glitzy Ritz Carlton hotel in Riyadh was the site of an international conference promoting Saudi Arabia as an investment destination, with over 3,000 officials and business leaders attending. Now the hotel is temporarily serving as a luxury prison where some of the kingdom’s political and business …
A revamping of the Federal Reserve’s leadership is widening with the announcement Monday that William Dudley, president of the New York Fed and the No. 2 official on the Fed’s key interest rate panel, will retire next year. Just last week, President Donald Trump chose Fed board member Jerome …
The Pakistani province of Baluchistan has been well known for its coal production since British colonial times. Today, most of the thousands of people who work in the mines are contract laborers. According to many, condition in the mines are not safe. VOA’s Murtaza Zehri takes us for an inside …
While President Donald Trump continues an Asia trip with high geo-strategic stakes, Republicans in Washington are promoting an ambitious tax reform bill that could bring enormous fiscal, and political, consequences. VOA’s Michael Bowman reports, a tax cut is Trump’s last hope for a major legislative victory in his first year …
The Republican tax bill unveiled last week in the U.S. Congress could disrupt the global supply chains of large, multinational companies by slapping a 20-percent tax on cross-border transactions they routinely make between related business units. European multinationals, some of which currently pay little U.S. tax on U.S. profits thanks …
Wireless carriers Sprint and T-Mobile called off a potential merger, saying the companies couldn’t come to an agreement that would benefit customers and shareholders. The two companies have been dancing around a possible merger for years, and were again in the news in recent weeks with talks of the two …
U.S. President Donald Trump urged Saudi Arabia Saturday to list its state-owned oil company on the New York Stock Exchange when the company goes public in what is expected to be the largest-ever initial public offering in which shares of a company are sold to investors. “Would very much appreciate …
The recent flurry of social and economic reform coming out of Saudi Arabia has left some Saudis ecstatic, others more circumspect, and a few conservatives bewildered or even angry. Saudi Crown Prince Mohammed Bin Salman told a crowd of investors at a conference in late October that he was merely …
A solid rebound for the job market in October as the U.S. economy added 261,000 jobs. Job gains were strong across the board, and the unemployment rate fell to 4.1 percent, its lowest level in 17 years. But, as Mil Arcega reports, American workers are not seeing any real growth …