OPEC ministers agreed Friday to increase oil output, a move that could ease supply fears and lower world prices, but uncertainties remain about the durability of the outcome. The agreement theoretically sees OPEC raising crude oil production by a million …
Turkey announced Thursday that it would impose tariffs on $1.8 billion worth of U.S. goods in retaliation for U.S. President Donald Trump’s tariffs on steel and aluminum imports. The World Trade Organization said the new Turkish tariffs would amount to …
A report by the U.N. special rapporteur on extreme poverty and human rights finds 40 million people in the United States live in poverty, 18.5 million live in extreme poverty and more than 5 million live in conditions of absolute poverty. …
India, the world’s biggest buyer of U.S. almonds, raised import duties on the commodity by 20 percent, a government order said, joining the European Union and China in retaliating against President Donald Trump’s tariff hikes on steel and aluminum. New …
Maize farmers are preparing as the harvest season approaches in Tanzania’s Kondoa District. The weather has been good and most farmers here expect bumper yields. Amina Hussein, a mother of four in Mnenia village, is testing a new way to …
U.S. Commerce Secretary Wilbur Ross faced tough questions during a Senate hearing Wednesday on the Trump administration’s tariff proposals and actions. Senators on both sides of the aisle criticized the administration’s rollout of proposed tariffs on steel and aluminum imports. …
China’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington’s penchant for brandishing “big sticks.” Previous trade negotiations …
A decent rating from Fitch this month has Vietnam riding high on the small victory, despite some of the less favorable economic trends connected to this first-of-its-kind rating. The state monopoly Vietnam Electricity, or EVN, clinched a “BB” score June …
As the United States and China teeter on the brink of an all out trade war and tit-for-tat tariffs loom, a European businesses lobby is urging Beijing to stop dragging its feet on reforms and using unfair trade policies to pamper …
Sameera Al Salam folds a discarded piece of newspaper into a long strip then loops it round her finger to form a tight circle, the first stage of making the upcycled handbags, trays and bowls the Syrian refugee hopes will …
China calls President Donald Trump’s threat to slap more tariffs on Chinese exports to the U.S. “extreme pressure and blackmail” and threatens to retaliate. Beijing reacted Tuesday to Trump’s plan to impose tariffs on another $200 billion of Chinese goods …
Is this what a trade war looks like? The Trump administration and China’s leadership have threatened to impose tariffs on $50 billion of each other’s goods. Trump has proposed imposing duties on $400 billion more if China doesn’t further open …
Kazakhstan is taking management lessons from warrior-emperor Genghis Khan as it seeks to conquer neighboring countries’ food markets, Deputy Agriculture Minister Arman Yevniyev said Tuesday. The Central Asian nation, whose territory was once part of the Mongol Empire, wants to …
The 10 millionth patent has been issued in the United States, almost 228 years after President George Washington signed the first one. The United States Patent and Trademark Office issued the newest patent Tuesday to the Raytheon Company, a defense …
The top White House trade official says the United States is defending itself from China’s economic aggression after President Trump threatened China with new tariffs on $200 billion worth of imports. Trump announced Monday that he has asked the U.S. …
China says it will take appropriate countermeasures if the United States follows through with additional tariffs on Chinese goods. U.S. President Donald Trump announced Monday that he had asked the U.S. trade representative to identify a list of products to …
President Donald Trump’s tariff battle with key buyers of U.S. apples, soybeans and corn threatens the support of some of his biggest backers – U.S. farmers now seeing their livelihoods in jeopardy. Farmers overwhelmingly supported Trump in the 2016 election, …
Leaders of South American trade bloc Mercosur pushed for trade deals with Asian and other Western Hemisphere countries during a summit on Monday, as roadblocks remained in talks with the European Union (EU) despite optimism earlier this year. European officials …
The Laos government has announced plans for a fourth major dam on the Mekong mainstream just months after the feasibility of another of its hydroelectric projects was thrown into question by a delayed power deal. Laos notified the Mekong River …
President Donald Trump directed the U.S. Trade Representative to prepare new tariffs on $200 billion in Chinese imports Monday as the two nations moved closer to a potential trade war. The tariffs, which Trump wants set at a 10 …
German authorities have arrested the chief executive of Volkswagen’s Audi division, Rupert Stadler. He was arrested Monday as part of an investigation about cars Audi sold in Europe that are believed to have been equipped with software that turned emissions …
Nothing brings people together more naturally and more easily than food. This was the idea behind a project called #TacoTrucksAtEveryMosque. But the food truck owners who initiated the project don’t want to only serve delicious food – their goal is …
Kenya’s President Uhuru Kenyatta has intensified his war on graft by announcing that all public servants will undergo a compulsory lifestyle audit to account for their sources of wealth. This latest announcement follows financial scandals that have rocked the country …
After two consecutive years of decline, remittances, the money migrant workers send home, increased in 2017 according to figures released by the World Bank. Remittances are a significant financial contribution to the well-being of families of migrant workers and to …