Ford Motor Co.’s new CEO plans to cut $14 billion in costs, drop some car models and focus the company’s resources on trucks, SUVs and electric vehicles as part of a renewed effort to win over skeptical investors. Jim Hackett, …
North Korea’s U.N. ambassador accused the United States on Tuesday of imposing “an economic blockade” on his country and deploying nuclear assets on the Korean Peninsula aimed at toppling leader Kim Jong Un. Ja Song Nam said the U.S. push …
The recovery of eastern Caribbean islands hardest hit by recent hurricanes, including Dominica, Barbuda, Turks and Caicos, the British Virgin Islands and Anguilla, could cost up to $1 billion, a senior U.N. official said Tuesday. “It’s going to be a …
House Republicans and Democrats on Tuesday grilled Equifax’s former chief executive over the massive data hack of the personal information of 145 million Americans, calling the company’s response inadequate as consumers struggle to deal with the breach. Former Equifax CEO …
Indigenous people under threat from companies seeking to develop their land for agriculture, mining and energy projects will be supported with money and practical help through a major global partnership backed by philanthropic and government funding. The International Land and …
The European Union insisted Tuesday that Brexit negotiations with Britain will not move on to the question of future relations until enough progress has been made on divorce issues, such as how much the country’s exit bill should be. Britain …
After several years of struggling to make a living doing odd jobs in and around his village, 26-year-old Pushkar Singh came to New Delhi from the northern Uttarakhand state three months ago to hunt for a job. The high school …
With more and more consumers shopping online, do brick-and-mortar stores stand a chance? At least for one pop-up shop in New York City, the future of retail is about embracing digital trends rather than resisting them. Mastercard and Marie Claire …
Even though gasoline-powered SUVs are what people are buying now, General Motors is betting that electric vehicles will be all the rage in the not-to-distant future. The Detroit automaker is promising two new EVs on Chevrolet Bolt underpinnings in the …
U.S. factory activity surged to a more than 13-year high in September amid strong gains in new orders and raw material prices, pointing to underlying strength in the economy even as Hurricanes Harvey and Irma are expected to dent growth …
The U.S. Supreme Court on Monday refused to consider a bid by Samsung Electronics Co Ltd. to force customers who have filed proposed class-action lawsuits against the company to arbitrate their claims instead of bringing them to court. The justices …
Casinos in the world’s biggest casino hub of Macau extended a 14-month winning streak in September with revenue up 16.1 percent, priming for a bumper national holiday week, which is expected to see strong visitor traffic in the southern Chinese …
An official survey released Saturday said that China’s factory activity expanded in September at the fastest pace in five years, as the country’s vital manufacturing sector stepped up production to meet strong demand. The official manufacturing purchasing managers’ index rose …
Nearly all U.S. taxpayers say American tax law, which runs tens of thousands of pages, is an incredibly complicated, annoying mess. And there is no agreement on how to fix the problem. Republicans recently outlined a new effort they say …
Christine Lagarde, the head of the International Monetary Fund, has a message for the world’s central bankers: Don’t be Luddites. Addressing a conference in London on Friday, Lagarde said virtual currencies, which are created and exchanged without the involvement of …
The government has fined U.S. tree-trimming company a record $95 million for knowingly hiring undocumented immigrants. U.S. prosecutors said the fine against Philadelphia-based Asplundh Tree Expert Co. was the largest criminal penalty ever imposed in an immigration case. Prosecutors said …
Senegalese start-ups are testing a fledgling market for online music platforms in French-speaking West Africa, where interest in digital entertainment is growing but a lack of credit cards has prevented big players from making inroads. Long celebrated in Europe for …
What’s your dream car to drive? Saudi women are asking that question after the kingdom announced that females would be granted licenses and be allowed to drive for the first time. An Arabic Twitter hashtag asking women what car they …
A Supreme Court with a reconstituted conservative majority is taking on a new case with the potential to financially cripple Democratic-leaning labor unions that represent government workers. The justices deadlocked 4-4 in a similar case last year. The high …
Equifax Inc promised to make it easier for consumers to control access to their credit records in the wake of the company’s massive breach after the top U.S. consumer financial watchdog called on the industry to introduce such a system. …
Saudi Arabia’s decision to lift its ban on women driving cars may help to restore sales growth in an auto market dented by the economic fallout from weak oil prices, handing an opportunity to importers of luxury cars and sport …
President Donald Trump said on Wednesday a foreign leader told him at the United Nations last week that the country would soon announce plans to build or expand five automobile industry factories in the United States. “I just left the …
The South American trade bloc Mercosur could seek trade deals with Canada, Australia and New Zealand this year, an Argentine official said Wednesday, as largest members Brazil and Argentina seek to open their economies. Mercosur, which also includes Uruguay and …
Weather extremes and air pollution from burning fossil fuels cost the United States $240 billion a year in the past decade, according to a report Wednesday that urged President Donald Trump to do more to combat climate change. This year …