A global financial body warns central banks should carefully weigh the risks before introducing their own virtual currencies, saying such innovations could risk destabilizing banking systems and unleash disruption across borders. But it said some forms of digital innovation could …
Austria’s Constitutional Court on Monday dealt a blow to the government’s plans to cut benefits for groups including refugees, striking down identical rules in one province and saying refugees deserve special treatment. Austria’s parliamentary election in October was dominated by …
Labor strikes. Nationwide protests. Bank failures. In recent months, Iran has been beset by economic problems despite the promises surrounding the 2015 nuclear deal it struck with world powers. Its clerically overseen government is starting to take notice. Politicians now …
China said Sunday it does not intend to ignite a trade war with the U.S. because the move would be disastrous for the entire world. “There are no winners in a trade war,” Minister of Commerce Zhong Shan said on …
Trade representatives for Japan and the European Union met with the U.S. trade representative Saturday in an effort to avoid a trade war over President Donald Trump’s new tariffs on aluminum and steel. At the meeting in Brussels, U.S. Trade …
Several Asian nations that are major trading partners with the U.S. reacted strongly Friday to a U.S. decision to impose tariffs on metal imports, raising concerns of global trade conflicts. China, a key target of U.S. trade concerns, said it …
China is gearing up to retaliate in response to stiff U.S. tariffs on steel and aluminum as Chinese industry associations urge authorities to take “resolute measures.” Retaliation from Beijing could contribute to a possible trade war between the world’s two …
Young people around the United States are creating virtual businesses that produce simulated products, which are marketed and sold for virtual money. Thirteen hundred students recently showcased their ventures, ranging from telecom firms to gourmet food providers, in Pasadena, California. …
U.S. employers went on a hiring binge in February, adding 313,000 jobs, the most in any month since July 2016, and drawing hundreds of thousands of people into the job market. The Labor Department said wage gains, meanwhile, fell from …
Has President Donald Trump’s romance with the Goldman Sachs crowd gone cold? Top economic adviser Gary Cohn is only the latest Goldman figure to head for the White House exits, suggesting the influence of the oh-so-establishment banking powerhouse has been …
American trading partners are criticizing the Trump administration’s proposed tariffs on steel and aluminum imports into the United States. Many analysts say the situation could lead to a new trade war, which could hit developing countries as well as big …
Despite opposition from many in his own party and warnings of retaliation by US trading partners abroad, President Donald Trump on Thursday rolled out tariffs on steel and aluminum imports, crossing off a major item on his trade agenda. The …
U.S. President Donald Trump’s announcement of new tariffs on steel and aluminum is eliciting strong reactions at home and around the world. America’s neighbors breathed a sigh of relief at being granted an exemption from the tariffs. Foreign Affairs Minister …
U.S. President Donald Trump on Thursday signed companion proclamations slapping 25 percent tariffs on steel coming into the country and 10 percent tariffs on imported aluminum. The across-the-board taxes are to go into effect in 15 days. Amid fears that …
Europe’s top monetary official criticized U.S. President Donald Trump’s proposal to put tariffs on steel and aluminum imports as a “dangerous” unilateral move. Mario Draghi, the president of the European Central Bank, said that the “immediate spillover of the trade …
Several Eastern European states have ramped up their opposition to a new gas pipeline linking Russia with Germany. The Nord Stream 2 project will bring Russian gas directly to Western Europe, but critics say it will increase dependence on Russia …
The Trump administration is asking China for a $1 billion reduction in the U.S.-China trade deficit. The request comes amid intense international debate over U.S. President Donald Trump’s proposed tariffs on imported steel and aluminum. VOA’s Jesusemen Oni has more. …
President Donald Trump is presenting a skewed picture of the decline of manufacturing in making his case for import penalties that could spark a trade war. A look at his latest statement on the subject as he prepares to impose …
U.S. President Donald Trump is expected to sign tariffs on steel and aluminum imports as early as Thursday, with some trading partners receiving temporary exemptions. White House officials said Mexico and Canada would get a 30-day exception that could be …
President Donald Trump is selling Hispanic business owners on his new tax cuts. Trump is delivering the keynote address Wednesday at the annual legislative summit of the Latino Coalition. It’s his first time addressing Hispanic business owners. The president says …
The International Monetary Fund and European leaders pushed back Wednesday against U.S. President Donald Trump’s plan to impose steep tariffs on steel and aluminum imports, saying it would provoke a calamitous global trade war. IMF chief Christine Lagarde told a …
Kenyan coffee has an international reputation for good quality. But Kenya’s coffee industry is struggling as production levels have dropped and a younger generation shows little interest in farming. Since the 1980s, coffee production has dropped by two-thirds. “The German …
Trade war fears pushed U.S. and some Asian stock markets lower Wednesday, following the resignation of U.S. President Donald Trump’s top economic adviser. National Economic Council Director Gary Cohn was a leading administration opponent of Trump’s plan to impose 25 …
India’s Tata Steel is concerned about U.S. plans to impose tariffs on steel imports, a senior executive at the group’s European unit said on Wednesday. “We need appropriate measures against a negative influence on the European market,” Henrik Adam, chief …