President Donald Trump says he is “very close” to picking a person for the most important economic post in the United States, the head of the Federal Reserve. Current Chair Janet Yellen’s term expires early next year and she is one of at least five candidates for the job. Besides …
More than four decades after selling 1,000 Volvos to North Korea, Sweden is still trying to get paid for the cars. The vehicles were part of a $131 million trade package delivered to North Korea in 1974, during a period of openness. But Pyongyang never paid anything on the deal, …
Elon Musk was fed up. The seats on Tesla Inc’s new Model X SUV were a mess. An outside contractor was having trouble executing the complicated design, spurring frustration and finger-pointing between Tesla and its supplier. How would Tesla ever pull off mass production of the upcoming Model 3, the …
Elon Musk was fed up. The seats on Tesla Inc’s new Model X SUV were a mess. An outside contractor was having trouble executing the complicated design, spurring frustration and finger-pointing between Tesla and its supplier. How would Tesla ever pull off mass production of the upcoming Model 3, the …
Ivanka Trump teamed up Wednesday with Republican legislators to try to ensure the tax overhaul package under construction on Capitol Hill includes an expansion of the child tax credit. The White House adviser and presidential daughter, appearing at a Capitol Hill news conference with GOP lawmakers, framed the tax credit …
Ivanka Trump teamed up Wednesday with Republican legislators to try to ensure the tax overhaul package under construction on Capitol Hill includes an expansion of the child tax credit. The White House adviser and presidential daughter, appearing at a Capitol Hill news conference with GOP lawmakers, framed the tax credit …
Jordan’s high and rising public debt has worried the International Monetary Fund and prompted a downgrade from Standard & Poor’s. So the government is planning a blast of austerity by year-end. Tax hikes and subsidy cuts —- likely to be highly unpopular —- are on the agenda as the country’s …
An unprecedented Chinese financial and construction effort is rapidly developing Pakistan’s strategically located Arabian Sea port of Gwadar into one of the world’s largest transit and transshipment cargo facilities. The deep water port lies at the convergence of three of the most commercially important regions of the world, the oil-rich …
An unprecedented Chinese financial and construction effort is rapidly developing Pakistan’s strategically located Arabian Sea port of Gwadar into one of the world’s largest transit and transshipment cargo facilities. The deep water port lies at the convergence of three of the most commercially important regions of the world, the oil-rich …
The U.S. economy is expected add another 11.5 million jobs by 2026, as an aging population and longer life spans raise the need for health care providers. The total U.S. workforce is expected to grow to 167.6 million people. Tuesday’s projections come from the U.S. Bureau of Labor Statistics, which …
The sloping vineyards of New York’s Finger Lakes region known for producing golden-hued rieslings and chardonnays also are offering a splash of orange wine. The color comes not from citrus fruit, but by fermenting white wine grapes with their skins on before pressing – a practice that mirrors the …
The sloping vineyards of New York’s Finger Lakes region known for producing golden-hued rieslings and chardonnays also are offering a splash of orange wine. The color comes not from citrus fruit, but by fermenting white wine grapes with their skins on before pressing – a practice that mirrors the …
A bakery in a low-income area of Johannesburg slashed prices of its popular bread, with unexpected results. What started as a way to help feed the community became a recipe for success as the bakery has a lot more business than ever. VOA’s Arash Arabasadi reports. ((NARRATOR)) …
A bakery in a low-income area of Johannesburg slashed prices of its popular bread, with unexpected results. What started as a way to help feed the community became a recipe for success as the bakery has a lot more business than ever. VOA’s Arash Arabasadi reports. ((NARRATOR)) …
President Donald Trump is considering nominating Federal Reserve Governor Jerome Powell and Stanford University economist John Taylor for the central bank’s top two jobs, in an apparent bid to reassure markets and appease conservatives hungry for change. Under that scenario, either Powell or Taylor would take the reins from Fed …
Turkey’s banking regulator urged the public on Saturday to ignore rumors about financial institutions, in an apparent dismissal of a report that some Turkish banks face billions of dollars of U.S. fines over alleged violations of Iran sanctions. “It has been brought to the public’s attention that stories, that are …
Hong Kong’s last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall. The bourse’s operator, Hong Kong Exchanges & Clearing, says it will close the trading hall by the end of the month and turn the space into a showcase …
Hong Kong’s last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall. The bourse’s operator, Hong Kong Exchanges & Clearing, says it will close the trading hall by the end of the month and turn the space into a showcase …
A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson’s Baby Powder for feminine hygiene. The ruling by Los Angeles Superior Court Judge Maren Nelson marked …
A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson’s Baby Powder for feminine hygiene. The ruling by Los Angeles Superior Court Judge Maren Nelson marked …
Running 1,300 kilometers over the world’s highest mountain pass, the “Friendship,” or Karakoram, Highway is evidence of China’s willingness to spend big as a contributor to global development. Costing tens of billions of dollars, the road links western China with Pakistan, part of Beijing’s “One Belt One Road” Initiative, which …
A mass transit strike in the Philippines this week risks more disruptive collective action unless drivers and the government settle differences over costly upgrades to an aging yet iconic vehicle fleet, analysts say. Thousands of drivers and operators of “jeepneys” went on strike Monday and Tuesday. The government called for …
A mass transit strike in the Philippines this week risks more disruptive collective action unless drivers and the government settle differences over costly upgrades to an aging yet iconic vehicle fleet, analysts say. Thousands of drivers and operators of “jeepneys” went on strike Monday and Tuesday. The government called for …
Kenya’s economy is expected to grow next year by 5 percent, down from a projected 6 percent, according to the International Monetary Fund. The slowdown is largely blamed on the political uncertainties related to the re-run presidential election scheduled for October 26. Mohammed Yusuf reports from Kisumu, an opposition stronghold …
Kenya’s economy is expected to grow next year by 5 percent, down from a projected 6 percent, according to the International Monetary Fund. The slowdown is largely blamed on the political uncertainties related to the re-run presidential election scheduled for October 26. Mohammed Yusuf reports from Kisumu, an opposition stronghold …
When the new school year started in September, 16-year-old Aelina Pogosian couldn’t wait to tell her friends about the most interesting part of her summer vacation: her RISE internship, working three weeks in the biology lab at Montgomery College. “A lot of the materials and machinery we used is not …