Zimbabwe’s economy has been hammered by political unrest, soaring inflation, a shortage of foreign cash, a trade deficit and many other problems. Residents say the economic turbulence has driven thousands of people out of the country and makes daily life …
The Angolan economy is set to grow 1.1 percent this year as sub-Saharan Africa’s third-largest economy enjoys a mild recovery, the International Monetary Fund said Wednesday following a 10-day visit to the country. But Ricardo Velloso, the Brazilian economist who …
Mexico will respond to U.S. demands for changes in content rules for autos and an automatic expiration clause in the NAFTA trade deal when negotiations on reworking the accord begin again this week, a top government official said on Tuesday. …
Germany on Tuesday pledged $125 million to boost the work of an international insurance partnership that aims to cover 400 million more poor and vulnerable people against disaster risks by 2020. That goal was first set in 2015 by the …
General Electric’s new Chief Executive John Flannery on Monday outlined steps that will turn the biggest U.S. industrial conglomerate into a smaller, more focused company, surprising some investors who sold the company’s shares to a five-year low. Flannery’s plan to …
Mexico’s government is preparing a macroeconomic response in case U.S. President Donald Trump makes good on threats to quit the North American Free Trade Agreement (NAFTA), an event which could wreak havoc on the Mexican economy and hurt the peso. …
Promoted as needed relief for the middle class, the Senate Republican tax overhaul would increase taxes for some 13.8 million moderate-income American households, a bipartisan analysis showed Monday. The assessment by Congress’ nonpartisan Joint Committee on Taxation emerged as the …
Foreign investors walked a red carpet at a state palace Monday eager to hear strategies for reorganizing Venezuela’s billions in debt, but they left minutes later having learned no concrete plans to address the country’s financial crisis. Vice President …
The federal government began its new budget year with an October deficit of $63.2 billion, up sharply from a year ago. The Treasury Department reported Monday that the October deficit was 37.9 percent higher than the $45.8 billion deficit recorded …
President Donald Trump is wrapping up 12-day, five-nation tour of Asia dominated by talks on the North Korea nuclear threat and bolstering trade. After talks in Manila on Monday with the prime ministers of Australia and Japan, Trump promised to …
The next World Economic Forum of world leaders and CEOs in Davos will be chaired by women including International Monetary Fund director Christine Lagarde, Norwegian Prime Minister Erna Solberg and IBM’s chief executive Ginni Rometty. The seven co-chairs for the …
The European Union has approved economic sanctions, including an arms embargo on Venezuela. EU foreign ministers meeting in Brussels announced the measures on Monday in response to regional elections last month, which they say worsened the country’s crisis. The weapons …
Venezuela’s foreign debt renegotiation committee will meet with creditors at 2 p.m. (1800 GMT) on Monday at the government’s “White Palace” in downtown Caracas, the finance minister said on Saturday. “Once again, we invite investors to register their participation in …
Emirates Airlines agreed to buy 40 Boeing 787-10s in a deal worth more than $15 billion. The purchase was announced Sunday at the Dubai Air Show by the largest airline in the Middle East. Deliveries of the wide-body, twin-engine planes …
West Virginia could produce profitable niche crops grown on reclaimed mine sites. At least that’s what Nathan Hall, president of Reclaim Appalachia envisions. Hall spoke about uses for reclaimed sites at the West Virginia Good Jobs Conference last Tuesday at …
Ranchers in the Midwestern U.S. state of Nebraska are raising beef for tables in China, reopening trade suspended more than a decade ago during concerns over mad cow disease. From Nebraska, VOA reporter Abby Sun tells us how U.S. beef …
Luber Faneitte has lung cancer but there’s no medicine to treat it. She cannot make ends meet. Crime is rampant in her neighborhood. And she fears that if Venezuela defaults on its $150 billion debt, which is considered likely, things …
Afghanistan has received an inaugural consignment of wheat from India through an Iranian port, opening a new trade and transit route for the landlocked nation that bypasses neighboring Pakistan. The strategic sea route, officials say, will help improve trade and …
U.S. President Donald Trump arrived in Hanoi, Vietnam’s capital, Saturday evening for a state banquet, followed by a day of meetings with Vietnamese leaders. He has been in Danang, where he attended the annual Asia-Pacific Economic Cooperation summit, one of …
Chinese consumers are spending billions of dollars shopping online for anything from diapers to diamonds on “Singles Day,” a day of promotions that has grown into the world’s biggest e-commerce event. China’s biggest e-commerce giant, Alibaba Group, said sales …
Despite President Donald Trump’s tough talk on trade at the Asia-Pacific Economic Cooperation summit in Vietnam, international business leaders say they are excited by the prospects of greater cooperation among the 21 member countries of APEC. Many believe the annual …
Kurdish refugee Hakki Akdeniz left Turkey in 1999 and came to New York City. At times he was homeless and often wondered where his next meal would come from. But as Saleh Damiger reports, he has more than turned his …
From Britain’s Queen Elizabeth to Formula One racing champion Lewis Hamilton — the leak of more than 14 million documents from firms involved in offshore finance, known as the Paradise Papers, has engulfed some of the world’s most famous names. …
Maine’s wild blueberry crop fell sharply this summer to land below 100 million pounds (45.3 million kilograms) for the first time in four years, according to a trade group that promotes the industry. Preliminary industry figures show the crop …