Switzerland is the world’s most competitive economy for a ninth straight year, the Geneva-based World Economic Forum said on Wednesday. Since suffering a rare blip in 2008, when it was nudged into second place by the United States, the Swiss …
The Commerce Department slapped duties of nearly 220 percent on Canada’s Bombardier C Series aircraft Tuesday in a victory for Boeing that is likely to raise tensions between the United States and its allies Canada and Britain. Commerce ruled that …
It is not quite going back to the horse, even if the bicycle was the first contraption to replace beasts as a means of personal transport. This is a new two-wheeled animal, though, that millions of consumers in Beijing, Taipei, …
Despite concerns about low inflation in the United States, the head of the U.S. central bank says raising interest rates gradually would be the most appropriate policy stance for the Federal Reserve. “It would be imprudent to keep monetary policy …
Mexican officials are tallying up the economic losses of the magnitude 7.1 earthquake that caused widespread damage in the capital, as the number of buildings that may need to be pulled down or need major repairs rose to 500. …
The United States has imposed sanctions on eight North Korean banks and 26 bank executives amid escalating tensions with Pyongyang over its nuclear program. “This further advances our strategy to fully isolate North Korea in order to achieve our broader …
Federal Reserve Chair Janet Yellen acknowledged Tuesday that the Fed is puzzled by the persistence of unusually low inflation and that it might have to adjust the timing of its interest rate policies accordingly. Speaking to a conference of economists, …
Hackers breached the U.S. Securities and Exchange Commission’s computer system last year by taking advantage of companies that used authentic financial data when they were testing the agency’s corporate filing system, according to sources familiar with the matter. The Federal …
Equifax CEO Richard Smith announced his sudden retirement Tuesday following a massive data breach at the credit reporting company earlier this year. Smith and Equifax says they learned of the hack in late July but waited until September 7 to …
The United States has asked China not to implement its new cybersecurity law and is concerned it could damage global trade in services, a U.S. document published by the World Trade Organization showed on Tuesday. China ushered in a tough …
Global accountancy firm Deloitte has been hit by a sophisticated hack that resulted in breach of confidential information and plans from some of its biggest clients, Britain’s Guardian newspaper said on Monday. Deloitte — one of the big four professional services …
Airbnb is launching local tours and other experiences in New York City this week with a special host. Her listing promises an “unforgettable shoe-shopping experience’” and her bio describes her as an “actor, producer, businesswoman” and “proud New Yorker.” …
Poised to reveal a tax plan that is a pillar of his economic policy and delivering on a campaign pledge, President Donald Trump is promising “The largest tax cut in the history of our country.” Trump’s declarations came as the …
Iraq on Sunday urged foreign countries to stop importing crude directly from its autonomous Kurdistan region and to restrict oil trading to the central government. The call, published in statement from Prime Minister Haider al-Abadi’s office, came in retaliation for …
Swiss voters rejected raising women’s retirement age to 65 in a referendum on Sunday on shoring up the wealthy nation’s pension system as a wave of Baby Boomers stops working. Authorities pushing the first serious reform of the pension system …
Sunday’s national election in Germany will sound the starting gun for a renewed debate on fixing flaws in Europe’s shared currency to prevent future crises. France’s new president Emmanuel Macron has made it clear he is willing to push …
Cheap solar panels imported from China and other countries have led to a boom in the U.S. solar industry, where rooftop and other installations have surged 10-fold since 2011. But two U.S. solar manufacturers say the flood of imports has …
German carmaker Mercedes-Benz has announced plans to invest $1 billion to start making electric vehicles at its manufacturing plant in the southern U.S. state of Alabama. The luxury automaker said it will manufacture electric SUVs under Mercedes’ EQ subbrand at …
The United States will present new proposals and begin to weigh into thornier issues of the North American Free Trade Agreement in the third round of negotiations starting in Ottawa Saturday, U.S. chief negotiator John Melle said Thursday. The stepped-up …
When officials from Myanmar’s commercial capital Yangon toured six European countries in June, they were hoping to drum up investment in transport, energy and education. Instead, they were bombarded with questions about the country’s treatment of the Rohingya Muslim minority, …
Thousands of small factories in China, making everything from steel to chemicals, are scrambling for access to the country’s clogged rail network as Beijing curbs the use of diesel trucks in an effort to tackle air pollution. The Ministry of …
More than a third of migrant fishermen in Thailand clearly were victims of trafficking over the past five years, and even more workers in the industry were possibly trafficked as well, according to a report published Thursday. Routinely underpaid and …
The Standard & Poor’s rating agency cut China’s credit rating Thursday due to its rising debts, highlighting challenges faced by Communist leaders as they cope with slowing economic growth. The downgrade added to mounting warnings about the dangers of increasing …
On the sidelines of the United Nations General Assembly in New York on Wednesday, business and political leaders around the world met to urge cooperation on such issues as trade, investment and international technology to help boost globalization. Without integration …