U.S. stock markets fell sharply on Monday with the S&P 500 down more than two percent and the Dow off nearly three percent. President Donald Trump is blaming the Federal Reserve (central bank) for stock market declines and other economic problems. In tweets, Trump has said the only U.S. economic …
The leading pan-European stock exchange has launched a 625 million euro takeover bid to acquire the Oslo Stock Exchange. Euronext, the operator of stock exchanges in Paris, Amsterdam, Brussels, Dublin and Lisbon, said in a statement that it had approached the board of directors of the Oslo Stock Exchange (Oslo …
South Korea said Monday it will fine BMW $9.9 million and will file a criminal complaint against the German automaker for delaying a recall of cars with faulty engines that caught fire. South Korea’s transport ministry said its investigation uncovered that BMW knew about the faulty engines, but did not …
Batteries have been around for hundreds of years, but don’t go thinking this technology is old hat (old fashioned). Batteries are the future. A team of California Scientists with support from the National Science Foundation are on the cutting edge of building a battery that lasts longer and holds more …
U.S. President Donald Trump’s Treasury secretary called top U.S. bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as the “Plunge Protection Team.” U.S. stocks have fallen sharply in recent weeks on concerns over slowing economic growth, with the …
A White House official says tension between a president and the interest-rate setting Federal Reserve is “traditional as part of our system.” Acting chief of staff Mick Mulvaney says it should come as no surprise that President Donald Trump is unhappy the central bank, an independent agency, “is raising rates and …
China and the United States held a vice ministerial-level call on Friday, the second such contact in a week, achieving a “deep exchange of views” on trade imbalances and the protection of intellectual property, the Chinese Ministry of Commerce said. A statement posted on the ministry’s website on Sunday said …
In 2018, sitting leaders relinquished power in South Africa and Ethiopia. Zimbabwe elected a new leader after 37 years of rule by former President Robert Mugabe. Peaceful power transitions were also seen in Liberia, Sierra Leone and Mali. But while many find those trends encouraging, the opposite is also true …
Some 1.3 billion people live with some form of vision impairment, according to the World Health Organization. A team of innovators at an Israeli technology company has developed a small device to help them. As Laura Sepulveda reports from Jerusalem, the device connects to regular glasses and helps people with …
Now in its 10th year, America’s economic expansion still looks sturdy. Yet the partial shutdown of the government that began Saturday has added another threat to a growing list of risks. The stock market’s persistent fall, growing chaos in the Trump administration, higher interest rates, a U.S.-China trade war …
Elon Musk’s SpaceX scrapped Saturday’s launch of a long-delayed navigation satellite for the U.S. military due to strong upper-level winds. The next launch attempt will be on Sunday at 8:51 a.m. EST/13:51 UTC, according to Space X officials. The launch would have been the rocket firm’s first national security space …
U.S. President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell, Bloomberg reported Saturday. Citing four people familiar with the discussions, Bloomberg reported Trump has become more frustrated with Powell after months of stock market losses and the central bank’s interest rate hike on Wednesday. Advisers reportedly have warned …
After almost 10 years, Wall Street’s rally looks like it’s ending. Another day of big losses Friday left the U.S. market with its worst week in more than seven years. All of the major indexes have lost 16 to 26 percent from their highs this summer and fall. Barring huge gains during …
The Canadian economy expanded by a greater-than-expected 0.3 percent in October from September, pushed higher by strength in manufacturing, finance and insurance, Statistics Canada data indicated Friday. Analysts in a Reuters poll had predicted monthly GDP would increase by 0.2 percent. Fifteen of the 20 industrial sectors — which Statscan …
Plans to build another privately-financed power station in Nigeria to help end decades of chronic blackouts have been delayed because of concerns about persistent shortfalls in payments for electricity across the sector. The $1.1 billion Qua Iboe Power Plant being developed by energy infrastructure company Black Rhino and the state-owned …
Forests are often called the lungs of the planet because they produce so much oxygen. But they also store huge amounts of carbon. NASA scientists want to know exactly how much carbon, and so they have just launched a satellite that will finally give them an exact measurement. VOA’s Kevin …
It was another miserable day on Wall Street as a series of big December plunges continued, putting stocks on track for their worst month in a decade. The Dow Jones Industrial Average dropped 464 points Thursday, bringing its losses to more than 1,700 points since Friday. The benchmark S&P 500 …
The U.S.-China trade war is spooking potential investors in soybean crushing plants planned for Wisconsin and New York state, developers said, casting doubt on the future of a sector that had been a rare bright spot in the U.S. farm economy. Crushers in the United States have been posting near-record …
When drones buzzing over the runway forced London’s busy Gatwick Airport to shut down, many travelers wondered why it’s so hard for authorities to stop such intruders. Shoot them down, some said. Jam their signals, others suggested. Experts say it’s not that easy. Britain and the U.S. prohibit drones from …
A state of emergency has been declared in two eastern Sudan states after at least eight protesters were killed in mass demonstrations against rising prices. Thousands of protesters marched in cities and towns across Sudan Thursday, angry over widespread corruption and the rising costs of basic goods, including bread. Eyewitnesses …
At least two people were killed in eastern Sudan as thousands took to the streets across the country on Thursday protesting against soaring prices, with some calling for the overthrow of President Omar al-Bashir, officials and witnesses said. A student and another demonstrator died during violent protests in al-Qadarif, the …
The independent U.S. central bank raised borrowing rates Wednesday for the fourth time this year, dismissing President Donald Trump’s contention that policymakers ought not tinker with the country’s robust economy, the world’s largest. The Federal Reserve board voted 10-0 after a two-day meeting to increase its benchmark short-term interest rate …
The attorney general for Washington, D.C., said Wednesday that the nation’s capital had sued Facebook over reports involving Cambridge Analytica’s use of data from the social media giant. “Facebook failed to protect the privacy of its users and deceived them about who had access to their data and how it was used,” Attorney General Karl …
The United States and China blamed each other for the crisis in the world trading system during a two-day “trade policy review” of the United States at the World Trade Organization. The Chinese representative to the WTO, Hu Yingzhi, accused the United States of deforming the rules of world trade, …
Poland has signed a long-term deal with a U.S. company for supplies of liquefied natural gas as part of an effort to reduce its dependence on Russian energy, the two sides announced on Wednesday. Port Arthur LNG, a subsidiary of San Diego-based Sempra Energy, and Poland’s state gas company PGNiG …
Facebook defended its data sharing practices Wednesday after a report revealing that certain partners of the social network had access to a range of personal information about users and their friends. The New York Times late Tuesday reported that some 150 companies — including powerful partners like Amazon, Microsoft, Netflix …