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Economy

Airbnb Aims to Double African Customers This Year

By Yeco on Saturday, March 18, 2017

Airbnb expects to maintain its rapid growth in Africa this year and double its customer numbers to 1.5 million, its Chief Executive Brian Chesky and regional head told Reuters on Friday. The number of people using the online room rental …

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Economy

Trump Aides, Daughter Meet with Hispanic Business Owners

By Yeco on Friday, March 17, 2017

In the latest outreach effort following a contentious campaign, top Trump administration officials – as well as first daughter Ivanka Trump – met Thursday with Hispanic business leaders.   Underscoring her unusual role working outside the administration, Ivanka Trump attended …

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Economy

Travel Restrictions Worry US Tourism Industry

By Yeco on Friday, March 17, 2017

Foreign tourism to the United States, which supports millions of American jobs, is slowing, possibly because President Donald Trump sought controversial travel restrictions on some Muslim-majority nations. Online searches for flights to the United States are down in most major …

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Economy

Nigerian Millionaire Says ‘Africapitalism’ a Solution to Africa’s Joblessness

By Yeco on Thursday, March 16, 2017

Africa’s rising youth population is outpacing available jobs in the public and private sectors, leaving would-be workers vulnerable to exploitation, terrorism and human rights abuses. Nigerian entrepreneur Tony Elumelu believes the solution to Africa’s unemployment problem is for the private …

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Economy

Zimbabwe Hopes Tobacco Will Revive Battered Economy

By Yeco on Thursday, March 16, 2017

Zimbabwe has opened its 2017 tobacco-selling season with hopes the “golden leaf” will change the economic fortunes of the southern African nation. Officials say the tobacco yield has been increasing after a downward turn in 2000 when the government chased …

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Economy

Trump, on Michigan Trip, to Hit Brakes on Tougher Fuel-Efficiency Standards

By Yeco on Wednesday, March 15, 2017

President Donald Trump is to tell American autoworkers Wednesday in the state of Michigan that he is setting aside strict fuel-economy requirements imposed by the previous administration in its waning days. The Trump White House contends that action broke an …

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Economy

China Anxious About Trade War With US

By Yeco on Wednesday, March 15, 2017

China is warning about the possible impact of a trade war with the United States, even as the world’s two biggest economies take steps to map out relations under the administration of President Donald Trump. Speaking at an annual news …

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Economy

UN Pushes ‘Smart Crops’ as Rice Alternative to Tackle Hunger in Asia

By Yeco on Wednesday, March 15, 2017

Asia needs to make extra efforts to defeat hunger after progress has slowed in the last five years, including promoting so-called “smart crops” as an alternative to rice, the head of the U.N. food agency in the region said. Kundhavi …

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Economy

A Barrel of Fun: Niagara Falls Touts Thrills in Rebranding

By Yeco on Wednesday, March 15, 2017

Niagara Falls, whose most famous thrill-seekers have gone over the brink in barrels, wants to be the place the rest of us go for outdoor adventure, too.   A new marketing effort launched Tuesday rebrands the American shore of the …

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Economy

Brazil Prosecutor Aims Graft Probe at Dozens of Politicians

By Yeco on Wednesday, March 15, 2017

Brazil’s top public prosecutor asked the Supreme Court to open 83 new investigations into senior politicians on Tuesday, reportedly including five ministers and leading lawmakers, in a dramatic escalation of a graft probe threatening the government. Prosecutor General Rodrigo Janot …

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Economy

IATA Still Wary of Protectionism After Positive Meeting with US Officials

By Yeco on Tuesday, March 14, 2017

Airline industry group IATA said it remains concerned about protectionist rhetoric from the United States and other governments, but also sees the new U.S. administration’s plans to invest in infrastructure as positive for the industry. IATA’s Director General Alexandre de …

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Economy

US Central Bank Expected to Boost Interest Rates Slightly on Wednesday

By Yeco on Tuesday, March 14, 2017

Most analysts predict the U.S. central bank will boost interest rates slightly on Wednesday as the economy nears full employment and inflation rises modestly. Leaders of the U.S. Federal Reserve are gathered in Washington through Wednesday to debate interest rate …

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Economy

Got a Spare $3.85 Million? Oregon Town Could be Yours

By Yeco on Tuesday, March 14, 2017

Aspiring property moguls take note – the town of Tiller, Oregon, is for sale, asking price just $3.5 million. For an extra $350,000, you can have the old school too. The mostly uninhabited, unincorporated town about 225 miles (362 km) …

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Economy

Chinese CEOs Protest Curbs on Foreign Investments

By Yeco on Tuesday, March 14, 2017

China is witnessing a rare protest from heads of some major Chinese companies who say government controls on the outflow of funds are hurting their ability to strike business deals overseas. Starting late last year, the government began imposing strict …

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Economy

China Says Taiwan Tensions Affecting Some Imports

By Yeco on Tuesday, March 14, 2017

Political tension between China and Taiwan has affected cooperation on safety standards leading to a large number of cosmetic and food imports being stopped from entering China, the head of China’s quality watchdog said on Tuesday. China deems Taiwan a …

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Economy

Trump Budget Plan Set to Spark Another Battle with Congress

By Yeco on Monday, March 13, 2017

U.S. President Donald Trump this week will unveil a budget expected to massively increase military spending while slashing other federal programs. The proposal, set to be released Thursday, will offer the most detailed look yet at how Trump intends to …

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Economy

Intel to Buy Israeli Technology Firm Mobileye for $15B

By Yeco on Monday, March 13, 2017

U.S. chipmaker Intel agreed to buy driverless technology firm Mobileye for $15.3 billion on Monday, positioning itself for a dominant role in the autonomous-driving sector after missing the market for mobile phones. The $63.54 per share cash deal is the …

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Economy

Vietnam to Test Trump on Signing Solo Trade Pacts

By Yeco on Monday, March 13, 2017

Vietnam will test U.S. President Donald Trump’s openness to one-on-one trade deals as it starts nudging Washington for an eventual agreement to replace its role in the defunct Trans Pacific Partnership (TPP). Official media outlets in Vietnam say Prime Minister …

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Economy

Saudi King Visits Japan, Seeks Help Diversifying Economy

By Yeco on Monday, March 13, 2017

King Salman and hundreds of business leaders from Saudi Arabia are in Japan for talks Monday mainly expected to focus on economic ties. The visit is the first by a Saudi king in 46 years, though Salman visited more recently …

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Economy

State Research Center: China’s Economy Set for Steady Growth

By Yeco on Sunday, March 12, 2017

The risk of a steep slide in China’s economy has reduced, the head of a government research center said on Sunday, adding the country had moved through an “L-shaped” pattern of slowing to now “horizontal” growth. China’s economy grew 6.7 …

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Economy

Mexico Approves 4 Trademarks for Trump

By Yeco on Sunday, March 12, 2017

On Feb. 19, 2016, at a campaign rally in North Charleston, South Carolina, then-candidate Donald Trump gave a stump speech in which he railed against American jobs moving to Mexico: “We lose our jobs, we close our factories, Mexico gets …

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Economy

Native Americans March in Washington to Protest Pipeline

By Yeco on Saturday, March 11, 2017

Thousands of Native Americans from across the Unites States marched in Washington to protest President Donald Trump’s decision to advance the construction of the Keystone XL Pipeline and Dakota Access oil pipelines. VOA’s Penelope Poulou has more. …

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Economy

US Job Gains Make Higher Interest Rates a Near Certainty

By Yeco on Saturday, March 11, 2017

The first jobs report on President Donald Trump’s watch is a good one. The private sector added 235,000 jobs in February, more than expected, and a sign that the economy and consumer confidence are healthy. But the jobs report also …

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Economy

Jobs Report No Longer Phony, Trump Says, Now That It’s His

By Yeco on Saturday, March 11, 2017

President Donald Trump is embracing government numbers he once maligned as “phony” as he tries to take credit for the latest U.S. jobs report. The new administration on Friday promoted Labor Department statistics that show U.S. employers added 235,000 jobs …

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