Zimbabwean entrepreneurs could soon use movable assets, including livestock and vehicles, to secure loans from banks, according to a bill brought before the country’s Parliament this week. The southern African country’s economy is dominated by informal business following the formal sector’s contraction by as much as 50 percent between 2000 …
President Donald Trump said Wednesday that his administration would not label China a currency manipulator, backing away from a campaign promise, even as he said the U.S. dollar was “getting too strong” and would eventually hurt the economy. In an interview with The Wall Street Journal, Trump also said he …
United Airlines saw its stock price decline by 4 percent or more after a viral video showing a passenger being dragged off a flight and injured sparked outrage in the U.S. and several nations. One airline analyst says he has never seen such a “parade of incompetence.” …
Russia is struggling to source gas turbines for two new power plants it is building in Crimea, Russian Energy Ministry Alexander Novak said Wednesday. European Union sanctions bar European individuals and companies from providing energy technology to Crimea, which Russia annexed from Ukraine in 2014. The Black Sea peninsula has …
President Donald Trump told a group of chief executives Tuesday that his administration was revamping the Wall Street reform law known as Dodd-Frank and might eliminate the rules and replace them with “something else.” At the beginning of his administration, Trump ordered reviews of the major banking rules that were …
United Airlines saw its stock price decline by 4 percent or more after a viral video showing a passenger being dragged off a flight and injured sparked outrage in the U.S. and several nations. One airline analyst says he has never seen such a “parade of incompetence.” …
South Asian migrants powering the construction boom in oil-rich Gulf countries are often illegally made to pay for their own recruitment, adding to hardships of poor working conditions and wages, according to an investigation released Tuesday. Millions of migrants seeking a way out of poverty by working in Gulf nations …
A Canadian man accused in a massive hack of Yahoo emails has alleged ties to Russian agents and access to significant amounts of cash, making him a serious flight risk if freed on bail, a prosecutor said Tuesday. Karim Baratov, 22, was arrested last month and faces extradition to the …
Google said it’s “taken aback” by the government’s claim that it doesn’t compensate women fairly. The company said it conducts “rigorous analyses” that its pay practices are gender-blind and found “no gender pay gap” in 52 major job categories it analyzed last year. Google added that analysts who calculate suggested …
With its colonial mansions, landscaped gardens and ornate fountains, the town of Petropolis, a traditional haunt of Brazil’s last monarch Dom Pedro II, retains a grandeur that has not faded since he was forced into exile in 1889. But beneath the opulent surface of the former summer imperial capital, …
When they are not tending to international affairs, diplomats based in Havana can be found these days stewing in interminable queues at gas stations and concocting ways to increase the octane in fuel as Cuba’s premium gasoline shortage takes its toll. Cuba sent around an internal memo last week advising …
Past cyber attacks on scores of organizations around the world were conducted with top-secret hacking tools that were exposed recently by the Web publisher Wikileaks, the security researcher Symantec Corp said on Monday. That means the attacks were likely conducted by the U.S. Central Intelligence Agency. The files posted by …
Terrorist attacks at public places are on the rise and authorities organizing large gatherings are always looking for ways to reinforce security. Increasing the number of security cameras is easy but monitoring the video they send requires a large number of people. Japanese technology giant Hitachi says artificial intelligence could …
The airlines are getting better at sticking to their schedules and are losing fewer bags. Their customers seem to be complaining less often. Those are the findings of an annual report on airline quality being released Monday by researchers at Wichita State University and Embry-Riddle Aeronautical University. The researchers …
India and Bangladesh signed a slew of agreements on Saturday, including a $4.5 billion concessionary line of credit from India for development projects in Bangladesh, as the South Asian neighbors try to deepen their ties. Indian Prime Minister Narendra Modi and his Bangladeshi counterpart, Sheikh Hasina, held wide-ranging talks in …
India and Bangladesh signaled deepening ties Saturday as New Delhi committed a $4.5 billion line of credit to Dhaka for development projects, and the two countries signed their first-ever pact on defense cooperation. Indian Prime Minister Narendra Modi announced an additional $500 million in credit for Bangladesh to buy military …
March was a disappointing month for job seekers, with the U.S. Labor Department reporting that the private sector added only 98,000 jobs last month. But one industry is looking beyond the job numbers and toward distant shores as President Donald Trump meets for the first time with Chinese President Xi …
Despite ethical and safety concerns, researchers are getting closer to building life from scratch. In fact, scientists are hoping to synthesize a human genome in the next 10 years. Investors are putting huge amounts of money into research that may deliver novel drugs, materials and chemicals. Some of the projects …
Kostas Argyros’s unpaid electricity bills are piling up, among a mountain of debt owed to Greece’s biggest power utility. His family owe 850 euros to the Public Power Corporation (PPC), a tiny fraction of the state-controlled firm’s 2.6 billion euros ($2.8 billion) in unpaid bills. Argyros picks up only occasional …
The U.S. government on Friday dropped its effort to force Twitter to identify users behind an account critical of President Donald Trump, the social media company said. In response, Twitter said it was dropping a federal lawsuit against the U.S. government that challenged the request to unmask the users. Twitter …
The U.S. economy had a net gain of 98,000 jobs in March, which is much weaker job growth than most economists expected. Payroll growth was slowed by stormy weather in March after unusually good weather helped growth in January and February, according to economist Jed Kolko, of the job web …
Twitter on Thursday sued to block an order by the U.S. government demanding that it reveal who is behind an account opposed to President Donald Trump’s tough immigration policies. Twitter cited freedom of speech as a basis for not turning over records about the account, @ALT_uscis. The account is claimed …
Pirooz Parvarandeh, a longtime Silicon Valley executive, saw a problem. Although he has lived in the United States for more than 40 years, he knew little about the contributions and accomplishments of Iranian Americans like himself. That lack of knowledge is widespread, he feared, and in his view makes Iranians …
U.S. Commerce Secretary Wilbur Ross held out hope Thursday that the Trump administration will revive the U.S. Export-Import bank’s full lending powers, saying the institution is part of its “trade toolbox” to boost exports. The U.S. government trade lender has been hobbled for the better part of two years by …
Conservative activist groups that generally support Republicans but oppose a pro-export, anti-import Republican tax proposal released a study on Thursday estimating its impact on individual U.S. states, underscoring the party’s division over taxes. The two activist groups, backed by billionaire industrialists Charles and David Koch, reported that seven states won …
White House economic adviser Gary Cohn said he backed bringing back the Glass-Steagall Act, a Depression-era law that would revamp Wall Street banks by splitting their consumer-lending businesses from their investment arms. The National Economic Council director, also a former Goldman Sachs president, expressed support to lawmakers for a banking …