The U.S. will not send a high-ranking official to attend a major investment fair in China next month, the U.S. Embassy said Wednesday, in a move underscoring worsening trade frictions between the world’s two largest economies. “China needs to make …
Islamic-style banking is on the rise worldwide, showing especially strong growth in Africa recently, according to the rating agency Moody’s. This type of banking system doesn’t charge or pay interest, uses physical assets to underpin transactions, and does not invest …
The top Republican lawmaker on tax policy in the U.S. House of Representatives said Tuesday that he was working with the White House and Treasury to develop a new 10 percent middle-class tax cut plan that President Donald Trump began touting over the …
A report by the Food and Agriculture Organization and World Food Program finds extreme weather conditions in Syria have caused the lowest production of wheat and barley for nearly three decades in this war-torn country. Still, the Syrian government has …
Coffee drinkers in the nation’s capital can now order that tall pumpkin spice iced skim latte in sign language. Starbucks has opened its first U.S. “signing store” to better serve hard of hearing customers. The store in Washington is just …
Wall Street indexes fell in Tuesday’s volatile session, though they pared losses sharply by the closing bell as investors looked for bargains. Oil dropped sharply on demand worries. After falling as much as 2.3 percent in the morning, the S&P 500 gradually regained …
Foreigners sold a net 4.01 billion riyal ($1.07 billion) in Saudi stocks in the week ending Oct. 18, exchange data showed on Sunday – one of the biggest selloff since the market opened to direct foreign buying in mid-2015. The …
The International Monetary Fund announced Friday it had reached an agreement with Ukraine on economic policies that would unlock a new loan deal that will provide nearly $4 billion. The new 14-month standby loan deal replaces an existing four-year financial …
A women-to-women investment fund is coming to Britain next month to boost financing for female-owned businesses, its founder said Thursday, as efforts grow to close the gender investing gap. SheEO has lent more than $2 million to 32 female social …
U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy’s budget and concerns mounted about the possibility of strained relations between the United States and Saudi Arabia. S&P 500 technology stocks fell more than 2 percent, …
Several major Russian companies are exploring ways to do deals abroad without using dollars, spurred on by a U.S. threat to broaden sanctions that have impeded access of some Russian firms to the international banking system. The Kremlin has been …
Hundreds of taxis on Thursday drove at a snail’s pace across the Polish capital Warsaw in protest at the ride-sharing app Uber and other unlicenced competitors. Other cab drivers gathered in front of the justice ministry to call for legislation …
U.S. Treasury Secretary Steve Mnuchin has pulled out of an investment conference next week in Saudi Arabia, as Riyadh continues to face questions about its involvement in the disappearance and alleged killing of a U.S.-based Saudi journalist in Turkey. Mnuchin …
In the late 1960s, while fledgling new retailers Walmart, Kohl’s, Kmart and Target were hard at work establishing a foothold in the hearts, minds and wallets of the American consumer, the nation’s dominant retailer was busy building the world’s tallest …
The Trump administration has again declined to label China a currency manipulator, but says it is keeping China and five other nations on a watch list. “Of particular concern are China’s lack of currency transparency and the recent weakness in …
Jubilant customers stood in long lines for hours then lit up and celebrated on sidewalks Wednesday as Canada became the world’s largest legal marijuana marketplace. In Toronto, people smoked joints as soon as they rolled out of bed in a …
Electric auto brand Tesla Inc. said it signed an agreement Wednesday to secure land in Shanghai for its first factory outside the United States, pushing ahead with development despite mounting U.S.-Chinese trade tensions. Tesla, based on Palo Alto, California, announced …
Western corporate chiefs are continuing to pull out of an investment conference in Saudi Arabia next week, distancing themselves from questions about Riyadh’s involvement in the disappearance and alleged killing of a U.S.-based Saudi journalist in Turkey. At first, many …
An Uber driver in New York City kidnapped a woman who fell asleep in his vehicle, groped her in the back seat and then left her on the side of a highway in Connecticut, federal authorities said Tuesday. Harbir Parmar, …
The White House has announced plans to negotiate separate trade deals with Britain, the European Union and Japan. “We are committed to concluding these negotiations with timely and substantive results for American workers, farmers, ranchers and businesses,” U.S. Trade Representative Robert Lighthizer …
Major U.S. stock markets made strong gains Tuesday as strong earnings reports encouraged investors. The Dow Jones industrial average gained 547.87 points, or 2.2 percent, to close at 25,798.42. The Standard & Poor’s 500 rose 59.13 points, or 2.2 percent, to 2,809.92 with …
U.S. employers posted the most jobs in two decades in August, and hiring also reached a record high, fresh evidence that companies are desperate to staff up amid solid economic growth. Job openings rose a slight 0.8 percent to 7.14 …
Concerns about debt diplomacy on China’s expansive infrastructure megaproject — the Belt and Road — have become an increasing source of debate from Asia to Africa and the Middle East. In recent weeks, more than $30 billion in projects have been scrapped …
The U.S. government’s budget deficit hit $779 billion in the fiscal year that ended Sept. 30, while spending increased and tax revenues remained nearly flat, the Treasury said Monday. It was the biggest deficit since 2012, and $113 billion more …