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Economy

Report: Millions of Migrant Gulf Laborers Forced to Pay for Right to Work

By Yeco on Tuesday, April 11, 2017

South Asian migrants powering the construction boom in oil-rich Gulf countries are often illegally made to pay for their own recruitment, adding to hardships of poor working conditions and wages, according to an investigation released Tuesday. Millions of migrants seeking …

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Economy

United CEO Conciliatory in Latest Comment on Passenger Incident

By Yeco on Tuesday, April 11, 2017

“No one should ever be treated this way,” reads part of a new public statement issued Tuesday by United Airlines CEO Oscar Munoz, following Sunday’s incident when a passenger was bloodied after being dragged off an overbooked United airliner at …

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Economy

China Southern Airlines Launches First Flight to Mexico

By Yeco on Tuesday, April 11, 2017

China Southern Airlines has flown its inaugural Guangzhou to Mexico City flight, via Vancouver, the first route operated by a domestic Chinese carrier to the Latin American nation, the Mexican government said on Tuesday. China’s interest in Mexico, including tourism …

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Economy

Chicago, United Lambasted Over Man Dragged Off Plane

By Yeco on Tuesday, April 11, 2017

Several minutes after a passenger recorded a video watched around the world that showed security officers dragging another passenger off an overbooked United Express flight at Chicago’s O’Hare International Airport, a smaller snippet of video showed an even more troubling …

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Economy

As Inequality Grows, Brazilians Irked by Tax to Ousted Royal Heirs

By Yeco on Tuesday, April 11, 2017

With its colonial mansions, landscaped gardens and ornate fountains, the town of Petropolis, a traditional haunt of Brazil’s last monarch Dom Pedro II, retains a grandeur that has not faded since he was forced into exile in 1889.   But …

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Economy

Facing Fuel Shortage in Cuba, Havana Diplomats Roll Up Sleeves

By Yeco on Monday, April 10, 2017

When they are not tending to international affairs, diplomats based in Havana can be found these days stewing in interminable queues at gas stations and concocting ways to increase the octane in fuel as Cuba’s premium gasoline shortage takes its …

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Economy

New Report Gives US Airlines Better Grades Across Board

By Yeco on Monday, April 10, 2017

The airlines are getting better at sticking to their schedules and are losing fewer bags. Their customers seem to be complaining less often. Those are the findings of an annual report on airline quality being released Monday by researchers at …

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Economy

India Extends $4.5 Billion Line of Credit to Bangladesh

By Yeco on Saturday, April 8, 2017

India and Bangladesh signed a slew of agreements on Saturday, including a $4.5 billion concessionary line of credit from India for development projects in Bangladesh, as the South Asian neighbors try to deepen their ties. Indian Prime Minister Narendra Modi …

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Economy

India Gives $4.5B Credit Line to Bangladesh, Signs Defense Pact

By Yeco on Saturday, April 8, 2017

India and Bangladesh signaled deepening ties Saturday as New Delhi committed a $4.5 billion line of credit to Dhaka for development projects, and the two countries signed their first-ever pact on defense cooperation.  Indian Prime Minister Narendra Modi announced an …

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Economy

US Rail Industry Focused on US-China Trade Relationship

By Yeco on Saturday, April 8, 2017

March was a disappointing month for job seekers, with the U.S. Labor Department reporting that the private sector added only 98,000 jobs last month. But one industry is looking beyond the job numbers and toward distant shores as President Donald …

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Economy

Greece’s Dark Age: How Austerity Turned Off the Lights

By Yeco on Saturday, April 8, 2017

Kostas Argyros’s unpaid electricity bills are piling up, among a mountain of debt owed to Greece’s biggest power utility. His family owe 850 euros to the Public Power Corporation (PPC), a tiny fraction of the state-controlled firm’s 2.6 billion euros …

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Economy

Chile’s Wine Industry Sees Little Impact From Fires, Heatwave

By Yeco on Saturday, April 8, 2017

A torrid summer and devastating fires across central Chile’s wine belt have forced an earlier harvest this year, but there are no signs that volume or flavor will be affected, local industry experts said on Thursday. High temperatures can lead …

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Economy

Balkans Skeptical of EU Plan for a Market

By Yeco on Saturday, April 8, 2017

Serbian President-elect Aleksandar Vucic likes to use the past to explain the future. In 1947, as Josip Broz Tito was consolidating Yugoslavia, he built a railway through Bosnia that linked Serbs, Croats and Muslim Bosniaks, friend and foe after World …

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Economy

US Unemployment Rate Falls, But Economy Gains Just 98k Jobs

By Yeco on Friday, April 7, 2017

The U.S. economy had a net gain of 98,000 jobs in March, which is much weaker job growth than most economists expected. Payroll growth was slowed by stormy weather in March after unusually good weather helped growth in January and …

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Economy

Ross: Trump Backs EXIM Bank to Boost US Exports

By Yeco on Friday, April 7, 2017

U.S. Commerce Secretary Wilbur Ross held out hope Thursday that the Trump administration will revive the U.S. Export-Import bank’s full lending powers, saying the institution is part of its “trade toolbox” to boost exports. The U.S. government trade lender has …

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Economy

Conservative Groups’ Study Slams Proposed Border Tax

By Yeco on Friday, April 7, 2017

Conservative activist groups that generally support Republicans but oppose a pro-export, anti-import Republican tax proposal released a study on Thursday estimating its impact on individual U.S. states, underscoring the party’s division over taxes. The two activist groups, backed by billionaire …

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Economy

Trump Adviser From Wall St. Backs US Bank Breakup Law

By Yeco on Thursday, April 6, 2017

White House economic adviser Gary Cohn said he backed bringing back the Glass-Steagall Act, a Depression-era law that would revamp Wall Street banks by splitting their consumer-lending businesses from their investment arms. The National Economic Council director, also a former …

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Economy

Tensions Rise as General Strike Paralyzes Argentina

By Yeco on Thursday, April 6, 2017

Protesters in Argentina clashed with police during marches over government austerity measures on Thursday as labor unions challenged President Mauricio Macri in the first general strike since he took office 16 months ago. Security forces used high-powered water cannon and …

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Economy

Brazil’s Temer to Revise Pension Reform Proposal to Secure Approval

By Yeco on Thursday, April 6, 2017

Brazilian President Michel Temer plans to water down its landmark pension reform proposal to ease lawmakers’ resistance to the controversial bill key to rebalance the government’s depleted finances. Temer said in a radio interview on Thursday he has authorized the …

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Economy

For ‘B Corporations,’ Real Value in Social Values    

By Yeco on Thursday, April 6, 2017

Many companies aim for “Best in Class” status, but some are seeking another “B” — B corporation certification. Certified B corporations, or “B corps,” address the growing consumer interest in supporting socially and environmentally responsible companies. B corps are essentially …

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Economy

For B Corporations, the Real Value is in Social Values

By Yeco on Thursday, April 6, 2017

Many companies aim for B Corporation certification. Certified “B corps” address the growing demand for social and environmental responsibility. And more consumers are letting their wallets do the talking, aligning with business that complement their personal values. VOA’s Tina Trinh …

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Economy

Mexico Changes Strategy to Protect Peso

By Yeco on Thursday, April 6, 2017

Mexico’s central bank chief said Wednesday the bank altered course on how to protect the peso after a couple of tweets by U.S. President Donald Trump in early January pummeled the currency to near historic lows and wiped out the …

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Economy

Asian Growth Seen Steady, US Policy Uncertainty a Risk

By Yeco on Thursday, April 6, 2017

Asia’s developing economies will see steady growth this year and the next, though the evolving policies of President Donald Trump’s administration are a major uncertainty, the Asian Development Bank said in a report Thursday. The Manila, Philippines-based lender forecast growth …

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Economy

Architects: Key to Future Cities Lies in Making the Poor Visible

By Yeco on Thursday, April 6, 2017

With 70 percent of the world’s population expected to live in cities by 2050, getting urban planning right is crucial to ensuring future cities are safe, resilient and fair places, particularly for the poorest residents, experts said Wednesday. As Africa …

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