The United States said on Monday that China’s “unfair competitive practices” were harming foreign companies and workers in a way that violates World Trade Organization (WTO) rules, but vowed to lead reform efforts. U.S. trade ambassador Dennis Shea drew fire …
A group of young female business owners in Guinea Bissau have banded together to learn more about the business world and increase sales. A year later, their efforts appear to be paying off. Ricci Shryock reports from the west African …
Homeowners appear to have learned the lesson of the Great Recession about not taking on too much debt. There is some concern that Corporate America didn’t get the message. For much of the past decade, companies have borrowed at …
Stocks staggered to eight-month lows Friday after weak economic data from China and Europe set off more worries about the global economy. Mounting tensions in Europe over Britain’s impeding departure from the European Union also darkened traders’ moods. The Dow …
Nigeria’s President Muhammadu Buhari said the country’s economy was in “bad shape,” the governor of a northwestern state told reporters Friday after a meeting with governors from across the country. Buhari will seek a second term in an election to be held in February in …
The federal budget deficit surged to a record for the month of November of $204.9 billion, but a big part of the increase reflected a calendar quirk. In its monthly budget report, the Treasury Department said Thursday that the …
A gauge of world equities was little changed after giving up early gains on Thursday, continuing a pattern seen for the past several sessions, while the euro eased after the European Central Bank formally ended its bond purchasing scheme. In …
Wall Street stocks finished higher on Wednesday due to improved hopes for the US-China trade talks. The Dow Jones Industrial Average added 0.6 percent at 24,527.27. The broad-based S&P 500 advanced 0.5 percent to 2,651.07, while the tech-rich Nasdaq Composite …
Wood consumption — including logging and the production of charcoal — is a leading cause of forest degradation in Africa. In some of Kenya’s coastal regions, recurring droughts have made the problem even worse. Now, farmers in those regions are planting …
Former Malaysian Prime Minister Najib Razak was charged Wednesday with tampering with the final audit report into a defunct state investment fund, adding to a long list of corruption allegations against him since his ouster in May elections. Najib was …
Cash-strapped Avianca Brasil, the country’s fourth-largest airline, on Tuesday sought bankruptcy protection from creditors but reassured passengers that flights will continue. “Due to resistance from the lessors (of their aircraft) to reaching a friendly settlement, we have filed seeking protection …
Mining companies have invested at least $5 billion toward gold exploration in West Africa in the last decade but significant reserves are under-exploited, mineral industry experts said on Tuesday. Delegates at the Ecomof mining and petroleum forum in this commercial capital …
The U.S. Treasury and U.S. Trade Representative’s office said on Tuesday they intended to sign a new bilateral insurance agreement with Britain that will provide insurance market regulatory certainty and continuity after Britain leaves the European Union. The Treasury and …
Russia is seeking to boost its power in Europe and grip over Ukraine with the proposed Nord Stream 2 natural gas pipeline, the top U.S. energy diplomat said on Monday, in a step-up of Washington’s rhetoric against the pipeline. “Through …
A rise in small-scale illegal gold mining is destroying swaths of the Amazon rainforest, according to research released on Monday that maps the scale of the damage for the first time. Researchers used satellite imagery and government data to identify …
Puerto Rico’s governor signed a bill Monday to overhaul the U.S. territory’s tax laws in a bid to attract foreign investment and help workers and some business owners amid a 12-year recession. The bill creates an earned income tax credit, …
The Sudanese currency slid to 60 pounds to the dollar on the black market Monday, traders said, increasing the gap with the official rate of 47.5 pounds to its widest since a sharp devaluation two months ago. The growing gap …
Corruption costs the world economy $2.6 trillion each year, according to the United Nations, which is marking International Anti-Corruption Day on Sunday. “Corruption is a serious crime that can undermine social and economic development in all societies. No country, region …
Despite repeated calls by U.S. President Donald Trump for oil production to remain steady, the Saudi-led Organization of the Petroleum Exporting Countries, along with Russia and its allies, announced Friday they would cut their pumping of crude to reduce oil …
The International Monetary Fund says it has approved a three-year loan of about $3.7 billion for Angola, which seeks to diversify its economy and curb corruption after a new president took office last year. The IMF said Friday that the …
China’s export growth slowed in November as global demand weakened, adding to pressure on Beijing ahead of trade talks with Washington. Exports rose 5.4 percent from a year ago to $227.4 billion, a marked decline from the previous month’s 12.6 …
Wall Street capped a turbulent week of trading Friday with the biggest weekly loss since March as traders fret over rising trade tensions between Washington and Beijing and signals of slower economic growth. The latest wave of selling erased more …
Oil prices climbed sharply Friday after OPEC and other producers led by Russia agreed to cut output to reduce global inventories of crude oil. OPEC countries and the Russian-led coalition agreed to collectively slash oil production by 1.2 million barrels …
The U.S. International Trade Commission said on Friday it made a final determination that American producers were being harmed by imports of common alloy aluminum sheet products from China, a finding that locks in duties on the products. The ITC …