After 104 years, Lord & Taylor’s flagship store on Fifth Avenue locked its doors forever. The venerable department store famed for its animated holiday windows closed down Wednesday afternoon, ending a blowout sale that left whole floors empty. By …
Britain’s impending departure from the European Union poses a big risk, but domestic demand is still fueling growth in the German economy, Europe’s largest, Economy Minister Peter Altmaier said in an interview published Thursday. Altmaier said Brexit, global trade conflicts …
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 …
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 …
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 …
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 …
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 …
The euro currency turns 20 years old on January 1, surviving two tumultuous decades and becoming the world’s No. 2 currency. After 20 years, the euro has become a fixture in financial markets, although it remains behind the dollar, which …
U.S. President Donald Trump said on Twitter on Saturday that he had a “long and very good call” with Chinese President Xi Jinping and that a possible trade deal between the United States and China was progressing well. As a …
The end of 2018 seemed to signal good things to come for America’s farmers. Fresh off the passage of the farm bill, which reauthorized agriculture, conservation and safety net programs, the Agriculture Department last week announced a second round of …
The storm winds of the recent trade war between the United States and China have settled in a truce for now, but the weeks of agitation — of rising tariffs and counter duties — battered one economy close to Beijing: …
Sears Holdings Corp. Chairman Eddie Lampert submitted a $4.4 billion takeover bid for the bankrupt U.S. retailer, representing its only chance of escaping liquidation and laying off tens of thousands of workers, a spokesman for the billionaire’s hedge fund said …
Wall Street capped a week of volatile trading Friday with an uneven finish and the market’s first weekly gain since November. Losses in technology, energy and industrial stocks outweighed gains in retailers and other consumer-focused companies. Stocks spent much …
Wells Fargo agreed to a $575 million nationwide settlement over its opening of millions of unauthorized customer accounts and other alleged predatory practices, the bank and U.S. authorities announced Friday. The agreement between the bank and attorneys general from the …
In South Korea’s largest shipyard, thousands of workers in yellow hard hats move ceaselessly between towering cranes lifting hulks of steel. They look like a hive of bees scurrying over a massive circuit board as they weld together the latest …
Wall Street stocks finished solidly higher Thursday following a late-afternoon surge as worries over slowing economic growth gave way to bargain-hunting. The Dow Jones Industrial Average finished at 23,138.82, an increase of 1.1 percent and up some 870 points from …
Tesla Inc has registered a financial leasing company in China, a local business registration filing shows, in the latest sign the U.S. electric car maker is attempting to speed up its push into China. The California-based carmaker, led by billionaire …
Retail sales in the U.S. for the 2018 holiday season were up more than 5 percent to more than $850 billion, according to data Mastercard released Wednesday, making 2018 the best holiday retail season in the last six years. The …
A U.S. trade delegation will go to China the week of Jan. 7, Bloomberg reported Wednesday, citing two people familiar with the matter. It will be the first time the two sides will meet face to face since U.S. President Donald …
Wall Street notched its best day in 10 years as stocks rallied back Wednesday, giving some post-Christmas hope to a market that has otherwise been battered this December. The Dow Jones Industrial Average jumped more than 1,000 points — its …
Farmers in the Indian state of Chhattisgarh are getting back land that was taken from them more than a decade ago by the government because it was not used, a rare move in a country riven by conflict over land. …
Saul Ronaldo Atiliano was diving for lobster in the clear waters off Honduras’ Caribbean coast when he felt a pressure, a pain in his body. And he knew he’d gotten the sickness that has killed or disabled so many of …
North and South Korea held a groundbreaking ceremony Wednesday to mark the start of a joint project to connect railways throughout the divided peninsula. The event was held after both Korea’s inspected railways along the peninsula’s east coast. Ministry of …
Japan is withdrawing from the International Whaling Commission and will resume commercial whaling next year, a government spokesman said Wednesday, in a move expected to spark international criticism. “We have decided to withdraw from the International Whaling Commission in order …