A surge in U.S. job creation and some reassuring words from the head of the U.S. central bank sent U.S. stocks soaring Friday. The Labor Department reported a net gain of 312,000 jobs in December, far more than economists predicted. The unemployment rate, however, rose slightly, to 3.9 percent. Many …
Marriott International Inc said Friday that fewer than 383 million customer records were stolen in a massive cyberattack disclosed last month, down from its initial estimate that up to 500 million guests were affected. The hotel operator also said that some 25.55 million passport numbers were stolen in the attack …
It sounds like a Hollywood caper: A group of investors and officials convince European banks to loan a total of $2 billion to a resource-rich African nation trying to rebuild after a bruising civil war. The money promptly disappears, and then this caper turns tragic. The government doesn’t learn …
Asian markets rebounded Friday on hopes that upcoming trade talks between the U.S. and China will calm a trade dispute that has rattled global markets. After a global sell-off triggered by Apple’s warning of lower revenues, Hong Kong’s Hang Seng Index climbed 2.2 percent to 25, 626.03 and the Shanghai …
American envoys are due in Beijing for talks Monday in a tariff battle over Chinese technology ambitions that threatens to hobble global economic growth. The two days of meetings are aimed at carrying out the Dec. 1 truce by Presidents Donald Trump and Xi Jinping that postponed additional tariff hikes, …
The Chinese Jade Rabbit 2 rover is making tracks on the soft, snowlike surface of the far side of the moon. The rover drove off its lander’s ramp and onto the lunar surface late Thursday, about 12 hours after the Chang’e-4 spacecraft made the first-ever landing on the moon’s far …
Behind Apple’s disconcerting news of weak iPhone sales lies a more sobering truth: The tech industry has hit Peak Smartphone, a tipping point when everyone who can afford one already owns one and no breakthroughs are compelling them to upgrade as frequently as they once did. Some manufacturers have boosted …
Stock markets around the globe dropped Thursday after tech giant Apple said that sales of its devices had fallen sharply in China last month, perhaps signaling a broader slowing in the world economy. The widely watched Dow Jones industrial average of 30 prominent U.S. stocks plunged 2.8 percent — more …
A federal judge says a New York City law forcing Airbnb and HomeAway home-sharing platforms to reveal detailed information about its business seems unconstitutional. Judge Paul Engelmayer on Thursday blocked the law from taking effect on Feb. 2, finding there’s a greater than 50 percent chance the companies would prevail …
Forget vending machines, PepsiCo is testing a way to bring snacks directly to college students. The chip and beverage maker says it will start making deliveries with self-driving robots on Thursday at the University of the Pacific in Stockton, California. Students will be able to order Baked Lay’s, SunChips or …
Tesla made about 9,300 more vehicles than it delivered last year, raising concerns among industry analysts that inventory is growing as demand for the company’s electric cars may be starting to wane. If demand falls, they say, the company will enter a new phase of its business. Like other automakers, …
A Chinese spacecraft Thursday made the first-ever landing on the far side of the moon in the latest achievement for the country’s growing space program. The relatively unexplored far side of the moon faces away from Earth and is also known as the dark side. A photo taken by the …
This year marks the 50th anniversary of mankind’s first steps on the moon, so it is fitting that there are a number of exciting projects pushing us back into space. VOA’s Kevin Enochs reports on some of 2019’s biggest stories in space. …
The sweet aroma of mutton smoke drifts through a maze of crumbling alleyways, a barbecue tang that for decades has lured meat-eaters from across Pakistan to the frontier city of Peshawar. The ancient city, capital of northwestern Khyber Pakhtunkhwa province, has retained its reputation for some of Pakistan’s tastiest cuisine …
New Brazilian President Jair Bolsonaro issued an executive order Wednesday making the Agriculture Ministry responsible for decisions concerning lands claimed by indigenous peoples, in a victory for agribusiness that will likely enrage environmentalists. The temporary decree, which will expire unless it is ratified within 120 days by Congress, strips power …
Lawyers for South Koreans forced into wartime labor have taken legal steps to seize the South Korean assets of a Japanese company they are trying to pressure into obeying a court ruling to provide them compensation. Lawyer Lim Jae-sung said Thursday the court in the city of Pohang could decide …
Apple on Wednesday cut the revenue forecast for its latest quarter, citing fewer iPhone upgrades and weak sales in China, and its shares tumbled in after-hours trade. The company forecast $84 billion in revenue for its fiscal first quarter ended Dec. 29, which is below analysts’ estimate of $91.5 …
Shares in Tesla dropped as much as 9 percent on Wednesday on worries of future profitability, after the electric car maker cut U.S. prices for all its vehicles to offset lower green tax credits, while falling short on quarterly deliveries of its mass-market Model 3 sedan. Analysts questioned whether the …
Rotting hides on the road are all that is left of three butchered cows. Such carnage is common in Venezuela’s cattle country, where thieves, squatters and government policy threaten a vital food resource. Venezuela’s severe economic crisis is felt keenly in cities — where food sources are limited — but …
Amid trade wars, geopolitical tensions and a decline in public trust, the technology sector is seeking to put its problems aside with the Consumer Electronics Show, the annual extravaganza showcasing futuristic innovations. The Jan. 8-11 Las Vegas trade event offers a glimpse into new products and services designed to make …
Laborers milled around an unfinished eight-story building in an expansive field in Konza dotted with zebra and antelope — the only visible sign of progress in a decade-old plan to make Kenya into Africa’s leading technology hub by 2030. Grandiose plans, red tape and a lack of funding have left …
Scientists with the complicated task of tracking secret nuclear weapons developments around the world are getting some help from a new and more-advanced artificial intelligence system. Nuclear explosions, even underground ones on the other side of the world, leave signature traces of radioactive gasses. This system helps sort through masses …
Digital developments that have upended businesses throughout the global economy, from music to manufacturing, are also changing what the world trades and how manufacturers and merchants move and sell their goods. Experts tell VOA’s Jim Randle, the digital revolution presents significant opportunities, but also serious problems, for countries. …
Equities around the world rose Monday as possible progress in resolving the trade dispute between the United States and China engendered some investor optimism in what has been a punishing end of year for markets. The U.S. benchmark S&P 500 stock index advanced in light trading volume after U.S. President …
China’s factory activity shrank in December for the first time in more than two years, an official survey showed Monday, intensifying pressure on Beijing to reverse an economic slowdown as it enters trade talks with the Trump administration. The purchasing managers’ index of the National Bureau of Statistics and an …
Kenya’s economy expanded faster in the third quarter of this year than in the same period last year due to strong performance in the agriculture and construction sectors, the statistics office said on Monday. The Kenya National Bureau of Statistics said the economy grew 6 percent in the third quarter …