Than Ei lived in the Thilawa area near Yangon for years, growing vegetables in her backyard and sending her two children to school with money from her husband’s construction job. Then came the government order to move. Than Ei’s family was among 68 households relocated in 2013 to make way …
U.S. labor officials on Tuesday pressed lawmakers to strengthen enforcement of the provisions of the United States-Mexico-Canada Agreement (USMCA) intended to protect workers, the latest sign that the trade deal could face hurdles to passage in the Democrat-led House of Representatives. Renegotiation of the North American Free Trade Agreement (NAFTA) …
The U.S. government’s multi-pronged effort to persuade European allies to bar the Chinese firm Huawei from supplying key elements of state-of-the-art 5G mobile data networks appears to have foundered, raising questions not only about the future of key intelligence-sharing relationships but also about the future of mobile technology in the …
The White House and business groups are stepping up efforts to win congressional approval for the U.S.-Mexico-Canada trade accord. But prospects are uncertain given that Republicans are at odds with some aspects of the plan and Democrats are in no hurry to secure a political victory for the president. President …
Hong Kong’s former home affairs secretary Patrick Ho Chi Ping was jailed for three years Monday for a scheme to bribe African officials to boost a top Chinese energy company that was part of Beijing’s global Belt and Road initiative. Ho, 69, who worked for the controversial energy conglomerate CEFC …
Airbus signed a deal worth tens of billions of dollars on Monday to sell 300 aircraft to China as part of a trade package coinciding with a visit to Europe by Chinese President Xi Jinping and matching a China record held by rival Boeing. The deal between Airbus and China’s …
The Campaign to Stop Killer Robots warns chances of achieving a U.N. treaty banning the development, production and use of fully autonomous lethal weapons, also known as killer robots, are looking increasingly remote. Experts from some 80 countries are attending a weeklong meeting to discuss the prospect of negotiating an …
The chairman of India’s private Jet Airways has quit amid mounting financial woes which have forced it to suspend 14 international routes and ground more than 80 planes. A statement by the airline says its board on Monday accepted the resignations of Chairman Naresh Goyal, his wife and a nominee …
U.S. sportswear maker Nike was hit with a 12.5 million euro ($14.14 million) fine on Monday for blocking cross-border sales of soccer merchandise of some of Europe’s best-known clubs, the latest EU sanction against such restrictions. The European Commission said Nike’s illegal practices occurred between 2004 to 2017 and related …
Apple attempted to reintroduce itself on Monday as an entertainment and financial services company that also makes iPhones as it launched a streaming television service, a credit card and an online gaming arcade. The world’s second-most valuable technology company lifted the curtain on a television and movie service called Apple …
Apple is expected to announce Monday that it’s launching a video service that could compete with Netflix, Amazon and cable TV itself. It’s a long-awaited attempt from the iPhone maker, several years after Netflix turned “binge watching” into a worldwide phenomenon. The new video service is expected to have original …
Vietnam’s cheap workers might not be the country’s stars for much longer: low wages helped to propel the communist nation to some of the fastest growth rates in the world, but analysts say it needs a new economic model now. After a slow recovery from the Vietnam War, the Southeast …
The head of Ethiopian Airlines said “many questions on the B-737 MAX airplane remain without answers” and he pledged “full and transparent cooperation to discover what went wrong.” “Until we have answers, putting one more life at risk is too much,” CEO Tewolde Gebremariam said Monday in a statement. “Immediately …
The United States is an economic powerhouse. As the largest economy in the world, the U.S. produced $20.5 trillion worth of goods and services — known as its Gross Domestic Product (GDP) — in 2018. That’s impressive when you consider that the total GDP for the entire world was about …
The U.S. federal government posted a $234 billion budget deficit in February, according to data released Friday by the Treasury Department. Analysts polled by Reuters had expected a $227 billion deficit for the month. The Treasury said federal spending in February was $401 billion, up 8 percent from the same …
Michael R. Wessel is a commissioner of the U.S.-China Economic and Security Review Commission, a U.S. government organization that investigates the national security implications of trade and economic relationship between the U.S. and China. He recently discussed with VOA his concerns about China’s race to 5G, the next generation of …
Less than a week after a series of critical tweets from the president over an Ohio plant closure, General Motors is announcing plans to add 400 jobs and build a new electric vehicle at a factory north of Detroit. The company says it will spend $300 million at its plant …
The Democratic-led U.S. House of Representatives will vote in April on a bill to reinstate landmark net neutrality rules repealed by the Federal Communications Commission under President Donald Trump. House Majority Leader Steny Hoyer of Maryland said in a letter to colleagues on Thursday, seen by Reuters, that lawmakers would vote on the “Save the Internet …
Malaysian Prime Minister Mahathir Mohamad arrived Thursday in Pakistan on an official three-day visit, where his high-powered delegation is expected to finalize investment deals worth nearly $900 million, officials said. The Malaysian leader will also be the chief guest at the Pakistan Day military parade Saturday, the Foreign Ministry announced. …
Facebook left millions of user passwords readable by its employees for years, the company said Thursday, an acknowledgement it offered after a security researcher posted about the issue online. By storing passwords in readable plain text, Facebook violated fundamental computer-security practices. Those call for organizations and websites to save passwords …
The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to still strong labor market conditions, though the pace of job growth has slowed after last year’s robust gains. Other data on Thursday showed a measure of factory activity in the mid-Atlantic region rebounding …
China says a high-ranking U.S. delegation will travel to Beijing next week to resume negotiations aimed at resolving the ongoing trade war between the world’s two leading economies. Commerce Ministry spokesman Gao Feng announced Thursday that U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will visit the Chinese …
The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes in 2019, dramatically underscoring its plan to be “patient” about any further increases. The Fed said it was keeping its benchmark rate — which can influence everything from mortgages to credit cards to home equity …
U.S. tariffs on China are likely to remain in place for a while, even if a trade deal is reached, President Donald Trump told reporters Wednesday. “The deal is coming along nicely,” the president said about the trade talks with Beijing, noting U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven …
German automaker BMW said Wednesday that profits in 2019 would be “well below” last year’s and that it planned to cut 12 billion euros ($13.6 billion) in costs by the end of 2022 to offset spending on new technology. The company said profits would be eroded by higher raw materials …
European Union regulators have hit Google with a 1.49 billion euro ($1.68 billion) fine for abusing its dominant role in online advertising. It’s the third time the commission has slapped Google with an antitrust penalty, following multibillion-dollar fines resulting from separate probes into two other parts of the Silicon Valley …