A new report by the International Labor Organization (ILO) says getting more women into the world labor market would add trillions of dollars to the global economy and boost tax revenues. According to the report, the ILO World Employment and …
The sanctions imposed by Saudi Arabia and other Arab states on Qatar have been a blessing for Mohammed Kuwari and his al-Rawa brand of yoghurt. With competing Saudi products off the shelves, his business is booming. “Our sales doubled! There’s …
Wind and solar accounted for more than 10 percent of U.S. electricity generation for the first time in March, the Energy Department’s Energy Information Administration said on Wednesday. Wind and solar power capacity has been growing in the United States, …
Top officials of the U.S. central bank raised the benchmark interest rate slightly on Wednesday, as the recovering economy no longer seems to need quite as much of the boost it gets from ultra-low rates. The Federal Reserve raised its …
China’s three big Internet-driven companies, Alibaba, Tencent, and Baidu, are set to influence a vast section of the country’s business because they control data concerning the consumer and social behavior of millions of people. The awesome power comes from the government’s drive to …
Panama’s business community on Tuesday cheered the Central American country’s decision to establish full diplomatic ties with China and ditch Taiwan, hoping to deepen links with a key customer of the nation’s shipping canal. Although there was regret at the …
Mexico’s ancient civilizations cultivated crops such as maize, tomatoes and chilies for thousands of years before the Spanish conquerors arrived — and now those native plants could hold the key to sustainable food production as climate change bites, said a …
With a record-breaking 26.5 million people going hungry in the Horn of Africa, development banks are increasing their humanitarian funding to fill a gap left by traditional donors, a high-level mission said on Tuesday. Food rations for 7.8 million Ethiopians …
Sheltering under planks on his boat moored at a waterside slum in Lagos, fisherman Thomson Pascal is trying to protect his six children from the rain flooding into what is now their new home. He is one of 30,000 residents …
The World Bank on Tuesday approved financing worth more than $500 million for Afghanistan to support a string of projects to boost the economy, help improve service delivery in five cities and support Afghan refugees sent back from Pakistan. The …
The Trump administration is proposing to curb the authority of the consumer finance watchdog created following the economic crisis as it drives toward easing restrictions on banks and financial institutions. The Treasury Department issued Monday the first part of a …
Britain’s descent into political crisis just days before Brexit talks begin has sapped confidence among business leaders and infuriated bosses who were already grappling with the fallout from the vote to leave the EU. The failure by Prime Minister Theresa …
The Trump administration has a backup plan to keep the government from defaulting on its financial obligations even if Congress misses an August deadline to raise the debt limit, Treasury Secretary Steven Mnuchin told a congressional panel Monday. Mnuchin had …
Israel will reduce electricity supplies to the Gaza Strip after the Palestinian Authority limited how much it pays for power to the enclave run by Hamas, Israeli officials said Monday. The decision by Israel’s security cabinet is expected to shorten …
Work longer hours. Get fewer benefits. Retire years later. Those are the ingredients of the bitter medicine Brazilians are being asked to swallow as a cure for the country’s moribund, overregulated economy. It would be a tough sell under any …
The International Labor Organization (ILO) reports children caught in conflict and natural disasters are most at risk of child labor and of falling prey to trafficking, sexual exploitation and abuse. To mark the World Day Against Child Labor, the ILO …
General Electric says Jeff Immelt is stepping down as CEO and John Flannery, president and CEO of the conglomerate’s health care unit, will take over the post in August. The 61-year-old Immelt will stay on as chairman until his …
They were no common protests. As angry farmers dumped milk and vegetables on the streets in India’s western Maharashtra state and six farmers were killed by police in Madhya Pradesh state when they blocked roads and burnt vehicles, the spotlight …
The board of Uber was meeting Sunday to consider placing the CEO of the ride-hailing company on leave, according The New York Times and other news outlets. The Times reported that three people with knowledge of the matter have …
U.S. Commerce Secretary Wilbur Ross is likely to impose a new sugar trade deal with Mexico even if final revisions to it fail to win support from the U.S. industry, trade lawyers and experts say. After announcing a deal this …
French cosmetics and luxury goods group L’Oreal has started exclusive talks to sell The Body Shop business to Brazilian makeup company Natura Cosmeticos in a possible 1 billion euros ($1.1 billion) deal. Earlier this year, L’Oreal had announced it was …
Thanks to an explosion of bike share apps and providers, China is rediscovering its love of bicycles. In cities across the country and in the capital of Beijing, a colorful bike-share revolution is taking over on the streets, helping ease …
Ivanka Trump’s fashion brand sought to distance itself from a Chinese manufacturer that has come under scrutiny after activists investigating labor conditions there were detained, saying the company last made its products three months ago. In a statement released Wednesday, …
Days before the first supertanker carrying 140,000 tons of Chinese-bound crude oil arrived in Myanmar’s Kyauk Pyu port, local officials confiscated Nyein Aye’s fishing nets. The 36-year-old fisherman was among hundreds banned from fishing a stretch of water near the …