Rising trade tensions between the U.S. and China have sparked worries about the 17 exotic-sounding rare earth minerals needed for high-tech products like robotics, drones and electric cars. China recently raised tariffs to 25% on rare earth exports to the U.S. and has threatened to halt exports altogether after …
Financial leaders of the Group of 20 gathered Saturday to brainstorm ways to adapt global finance to an age of trade turmoil and digital disruptions. The central bank governors and other financial regulators meeting in this southern Japanese port city also flagged risks from upsets to the global economy as …
One down, still others to go. President Donald Trump claimed a victory after Washington and Mexico agreed on measures to stem the flow of Central American migrants into the United States. Trump called off plans to impose a 5% tax on Mexican exports, and Treasury Secretary Steven Mnuchin, speaking to …
FedEx Corp. Friday decided not to renew its contract with Amazon.com Inc. for U.S. cargo delivery through FedEx Express, the unit that delivers packages on planes, a move that reflects the broader trend of the e-commerce company moving services in-house. Amazon has been building out its own delivery network of …
Cindy Saine at the State Department contributed to this report. U.S. President Donald Trump said late Friday that the United States and Mexico had reached a deal on migration to avert tariffs. “I am pleased to inform you that The United States of America has reached a signed agreement …
Uber is parting ways with two of its top executives less than a month after the company’s rocky stock market debut. CEO Dara Khosrowshahi told employees in an email Friday that he plans to be more involved in day-to-day operations now that the initial public offering of stock has passed. …
Fourteen Russia-backed YouTube channels spreading disinformation have been generating billions of views and millions of dollars in advertising revenue, according to researchers, and had not been labeled as state-sponsored, contrary to the world’s most popular streaming service’s policy. The channels, including news outlets NTV and Russia-24, carried false reports ranging …
Facebook has stopped letting its apps come pre-installed on smartphones sold by Huawei in order to comply with U.S. restrictions, dealing a fresh blow to the Chinese tech giant. The social network said Friday that it has suspended providing software for Huawei to put on its devices while it reviews …
With worries rising about trade wars and slower global growth, Friday’s jobs figures for May could serve as a reminder that the U.S. economy is still mostly in good shape. Or, an unexpectedly weak employment report could intensify concerns that after a healthy first quarter, the U.S. economy is …
Italian-U.S. carmaker Fiat Chrysler on Thursday pulled the plug on its proposed merger with Renault, saying negotiations had become “unreasonable” because of political resistance in Paris. Fiat Chrysler Automobiles, or FCA, had stunned the markets last week with a proposed “merger of equals” with the French group that would …
Google on Thursday released new details about its video game streaming service Stadia, which will be available in 14 countries starting in November. For the launch, Google will sell its “founders edition bundle” hardware pack for $129, with a monthly subscription price of $9.99. In Europe, the price will be …
The U.S. economy could be weakened by escalating trade wars or a sudden downturn in global financial markets, the International Monetary Fund (IMF) warns. In an annual review of the U.S. economy, the IMF said it was on a 2.6 percent growth track this year, greater than the 2.3 percent …
Liz Hung supports a lot of the imaginative concepts being discussed to make Vietnam “greener” economically and in terms of urban planning. Consider traffic lights. Hung described how government authorities could collect smartphone data to see which streets are crowded, and then calibrate the stoplights to optimize traffic flow. …
U.S. productivity grew at a strong 3.4% rate in the January-March quarter, the best showing in more than four years, the Labor Department reported Thursday. It was an encouraging sign that productivity may finally be improving after a long stretch of weakness. The first quarter gain was more than …
Wearing a white blouse and her dark hair hanging loose, Ai-Da looks like any artist at work as she studies her subject and puts pencil to paper. But the beeping from her bionic arm gives her away – Ai-Da is a robot. Described as “the world’s first ultra-realistic AI humanoid …
Canada on Wednesday said it was preparing for the arrival of ultra-fast 5G internet service as it outlined plans to make more 5G spectrum available starting next year. The federal Innovation Ministry released a paper outlining changes to an auction expected next year, a decision on a higher frequency millimeter …
This article originated in VOA’s Persian Service. WASHINGTON —The World Bank says Iran is likely to experience an even worse recession this year than previously thought, as U.S. sanctions largely choke off oil exports that have been Tehran’s main revenue source. In its latest Global Economic Prospects report published Wednesday, …
Amazon said Wednesday that it plans to use self-driving drones to deliver packages to shoppers’ home in the coming months The online shopping giant did not give exact timing or say where the drones will be making deliveries. Amazon said its new drones use computer vision and machine learning to …
YouTube said on Wednesday it would remove videos that deny the Holocaust, school shootings and other “well-documented violent events,” a major reversal in policy as it fights criticism that it provides a platform for hate speech and harassment. The streaming service, owned by Alphabet Inc’s Google, also said it would …
China on Wednesday launched a rocket from a mobile platform at sea for the first time, sending a five commercial satellites and two others containing experimental technology into space. The Long March 11 rocket blasted off from a launch pad aboard a commercial ship in the Yellow Sea off the …
Vietnam is likely to make concessions to the United States so it can escape a U.S. watch list of possible currency manipulators and head off a hit to its fast-growing economy led by exchange rate-sensitive exports, analysts who follow the country say. The Southeast Asian country, they forecast, will probably …
The U.S. Commerce Department on Tuesday recommended urgent steps to boost domestic production of rare earths and other critical minerals, warning that a halt in Chinese or Russian exports could cause “significant shocks” in global supply chains. The report includes 61 specific recommendations — including low-interest loans and “Buy American” …
The U.S. Internal Revenue Service is auditing Uber Technologies’s taxes for 2013 and 2014 and the ride-hailing company expects unrecognized tax benefits to be reduced within the next year by at least $141 million. In its full quarterly report on Tuesday, Uber said various state and foreign tax authorities were …
Michael Bowman contributed to this report. Mexico warned Monday that President Donald Trump’s threatened new tariff on its exports to the United States would hurt both countries’ economies and cause even more Central American migrants to travel through Mexico to reach the United States. At the start of talks in …
U.S. and Mexican officials warn that raising tariffs on Mexican goods to get Mexico to stem the influx of Central American migrants on the way to the U.S. border would hurt the economics of both countries. U.S. President Donald Trump has threatened to apply tariffs of 5% on all Mexican …
The United States is again calling on European allies to be careful of what it says are security risks posed by Chinese telecommunication company Huawei, as countries build out their 5G networks. “We’ve been clear: our ask is that our allies and our partners and our friends don’t do anything that …