Puerto Rico Gov. Ricardo Rossello flew to New York this week on a mission: convince potential tourists that the hurricane-ravaged island was ready for their return. But Puerto Rico’s recovery from last year’s Hurricane Maria has been a “mixed bag,” Rossello told Reuters on Thursday, acknowledging …
U.S. securities regulators on Thursday accused Tesla Inc. Chief Executive Elon Musk of fraud and sought to ban him as an officer of a public company, saying he made a series of “false and misleading” tweets about potentially taking the electric car company private …
The United States and Japan have agreed to begin negotiations on a bilateral free-trade agreement, reducing the prospect that Washington might impose tariffs against another trading partner. “We’ve agreed today to start trade negotiations between the United States and Japan,” …
Ford chief Jim Hackett on Wednesday ramped up his warnings about the tariffs imposed by President Donald Trump, saying his company was seeing profits slashed by $1 billion. Hackett said the global automaker could face more damage if the trade …
Somalia’s finance minister says World Bank grants to the government are a sign the country has “trustable leadership” again after decades of chaos and corruption. The World Bank said Tuesday it will provide $80 million in grants to Somalia’s federal …
The Federal Reserve on Wednesday raised a key interest rate for the third time this year in response to a strong U.S. economy and signaled that it expected to maintain a pace of gradual rate hikes. The Fed lifted its …
The U.N. Conference on Trade and Development warns the world economy remains fragile, one decade after the collapse of the U.S. financial titan Lehman Brothers triggered a global economic crisis. In its report Trade and Development Report 2018: Power, Platforms …
Trade conflicts, rising debt and the potential impact from rising interest rates in the U.S. will likely dampen growth in the coming year, the Asian Development Bank said Wednesday in an update of its regional economic outlook report. The Manila, …
After losing his job with a foreign food company in March, Alexander Costa surveyed Brazil’s anemic labor market and decided to start selling cheap lunches by the beach in Rio de Janeiro to try and provide for his young family. …
A Taiwanese owned company whose parent firm posted a more than half billion dollar profit last year has been refusing to pay compensation in line with an arbitration ruling to hundreds of Cambodian workers it made redundant. Pou Yuen (Cambodia) …
China says it is impossible to hold trade talks with the United States with a new round of tariffs in place. U.S. imposed duties on $200 billion worth of Chinese goods, and a retaliatory set of tariffs imposed by Beijing …
At a community center on Shek Lei public housing estate in northern Hong Kong, stacks of mooncake boxes are waiting to be distributed on Mid-Autumn Festival the following day. Inside they contain some of the 76,000 mooncakes that have been …
The five remaining parties to the Iran nuclear deal have agreed to establish a special payment system to allow companies to continue doing business with the regime, bypassing new sanctions imposed by the United States. Envoys from Britain, France, Germany, …
The “gig” economy might not be the new frontier for America’s workforce after all. From Uber to TaskRabbit to YourMechanic, so-called gig work has been widely seen as ideal for people who want the flexibility and independence that traditional jobs …
Out of 15 countries polled, young people in China, India, Nigeria, Kenya, Indonesia, Saudi Arabia and Mexico were found to be more optimistic about the future than youths in the other countries, according to the Bill and Melinda Gates Foundation. …
Malawi continues to struggle to develop its tourism industry, despite having several attractions, including national parks, game reserves and mountains. But the government has developed a Tourism Strategic Plan that seeks to address challenges to attracting more tourists. Lameck Masina …
The United Nations, the World Bank and the International Committee of the Red Cross are partnering with technology powerhouses to launch a global initiative aimed at preventing famines. “The fact that millions of people — many of them children — …
Secretary of State Mike Pompeo vows the United States will be victorious in any trade war with China, a day before the Trump administration’s latest tariffs on Chinese imports go into effect. Pompeo told Fox News on Sunday. “We are …
Comcast beat Rupert Murdoch’s Twenty-First Century Fox in the battle for Sky after offering 30.6 billion pounds ($40 billion) for the British broadcaster, in a dramatic auction to decide the fate of the pay-television group. U.S. cable giant Comcast bid 17.28 pounds a …
British Prime Minister Theresa May’s aides have begun contingency planning for a snap election in November to save both Brexit and her job, the Sunday Times reported. The newspaper said that two senior members of May’s Downing Street political team began …
Tensions between China and the United States escalated Saturday as China’s Foreign Ministry summoned U.S. Ambassador to China Terry Branstad to issue a harsh protest against U.S. sanctions set for the purchase of Russian fighter jets and surface-to-air missiles. The …
America’s rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy. It has long been conventional wisdom that rising oil prices hurt the economy by forcing consumers to spend …
China has canceled trade talks with the United States following Washington’s imposition of new tariffs on Chinese goods. The Wall Street Journal reports that China had planned to send Vice Premier Liu He to Washington next week for the talks, …
Canada and the United States showed scant sign on Thursday of closing a deal to revamp NAFTA, and Canadian officials made clear Washington needed to withdraw a threat of possible autos tariffs, sources said. The administration of U.S. President Donald …