Zimbabwe’s government says the country is emerging from a recent economic meltdown that saw shops run out of goods and motorists spend long hours in lines at gas stations. Economists say Zimbabwe’s crisis is not over, as people have no …
The United States still aims to cut Iran’s oil sales to zero and does not expect restored oil sanctions against Tehran to have a negative impact on a market that is well-supplied and balanced, a senior U.S. official said on …
More Americans are moving to smaller cities in search of a better quality of life. They’re leaving places like Los Angeles, Chicago and New York for mid-sized cities such as Phoenix and Las Vegas, according to an analysis of data …
Sears has filed for Chapter 11 bankruptcy protection, buckling under its massive debt load and staggering losses. Sears once dominated the American retail landscape. But the big question is whether the shrunken version of itself can be viable or will …
An increase in world oil prices is helping Vietnam earn money that will quicken its already fast economic growth and may help the country build new infrastructure. The only red light: higher fuel prices among Vietnam’s consumers. Vietnam, though not …
World stocks are climbing Friday after two days of sharp losses. Major U.S. stock indexes are up more than 1 percent, but they’re still on track for their biggest one-week loss since late March. Technology and internet companies were some …
Just in case any of the global central bankers and finance ministers gathered in Indonesia missed the message delivered repeatedly this week, the host nation said it again Friday: Everyone stands to lose if trade wars are allowed to escalate. …
U.S. President Donald Trump said that Wednesday’s stock market sell-off was in fact a long-awaited “correction,” and that the Federal Reserve, which has been raising U.S. interest rates, had gone “crazy.” Trump’s use of the word correction to describe the …
Mat Beren and his friends used to drive by the vast greenhouses of southern British Columbia and joke about how much weed they could grow there. Years later, it’s no joke. The tomato and pepper plants that once filled some …
U.S. stocks posted their worst loss since February on Wednesday, the Dow Jones industrial average finishing the day down more than 800 points. The losses were widespread as bond yields remained high after steep increases last week. Companies that have been …
The Treasury Department has issued new rules on foreign investments into American companies that will give the government more power to block foreign transactions on national security grounds. The rules represent the latest escalation in an intensifying economic conflict between …
A new U.N. report finds a dramatic increase in the amount of economic loss incurred from natural disasters during the past 20 years, with climate-related disasters driving expensive property and infrastructure damage to new heights. The report finds so-called geophysical …
Dark, dirty and slow, Zimbabwe’s trains, like much else in the impoverished southern African country, have seen better days. Once the preferred mode of transport for most Zimbabweans, the state-run rail service mirrors the decline in the country’s economic fortunes …
Last month, Patrick Ho, a former Hong Kong official fighting foreign bribery charges in New York, thought he had finally received a break. In a dramatic move in the high-profile bribery case, prosecutors on Sept. 14 dropped all criminal charges …
Ireland’s finance minister boosted budget day spending for the second year in a row as the government warned of economic “carnage” if neighboring Britain crashes out of the European Union without a divorce deal. Having already pre-committed 2.6 billion euros …
The Trump administration is moving to allow year-round sales of gasoline with higher blends of ethanol, a boon for Iowa and other farm states that have pushed for greater sales of the corn-based fuel. President Donald Trump was expected to …
Sales of U.S. military equipment to foreign governments rose 33 percent to $55.6 billion in the fiscal year ended Sept. 30, a U.S. administration official told Reuters on Tuesday. The increase in foreign military sales came in part because the …
U.S. President Donald Trump’s golf courses in Scotland lost more than $6 million in 2017. A report released Monday said the Trump International Golf Links near Aberdeen lost $1.7 million, slightly lower than the $1.8 million lost in 2016. His …
Pakistan’s new government will open talks with the International Monetary Fund for emergency financial assistance to ease a mounting balance of payments crisis, the finance ministry said Monday. New Prime Minister Imran Khan spent nearly two months since taking office …
China has praised investments Saudi Arabia intends to contribute to Chinese-funded massive infrastructure projects under construction in Pakistan, dispelling skepticism Islamabad was risking Beijing’s outrage by inviting a third party to a strictly bilateral deal. The ongoing massive project, known …
Turkey’s hosting of a four-nation Syrian summit later this month is a diplomatic win for President Recep Tayyip Erdogan. With Syria’s reconstruction, a key item of the planned meeting of French, Russia and German leaders, Erdogan will be looking to …
American Airlines is telling employees to think twice before rebooking stranded customers on rival airlines, and regular economy-class passengers are the most likely to suffer when there are long delays or canceled flights. A new policy at American directs airport …
Last-minute changes to a new North American trade deal sank U.S. hopes of making Canada and Mexico allow higher-value shipments to the countries by online retailers, such as Amazon.com, a top Mexican official said on Friday. The revised pact was …
U.S. job growth slowed sharply in September likely as Hurricane Florence depressed restaurant and retail payrolls, but the unemployment rate fell to near a 49-year low of 3.7 percent, pointing to a further tightening in labor market conditions. The Labor …