Turkey on Wednesday announced tariff hikes on a range of U.S. goods in the latest back-and-forth move amid a deteriorating relationship between the two countries. The extra tariffs apply to imports of vehicles, alcohol, coal, rice and cosmetics. Turkish Vice …
New Zealand school teachers went on strike on Wednesday for the first time in more than 20 years, challenging the Labor government’s plans to balance promised fiscal responsibility against growing demands to increase public sector salaries. The government’s first budget …
Tonga Prime Minister Akalisi Pohiva has called for China to write-off debts owed by Pacific island countries, warning that repayments impose a huge burden on the impoverished nations. Chinese aid in the Pacific has ballooned in recent years with much …
Nicaragua’s National Assembly on Tuesday approved a drastic cut to the national budget because of the economic impact of months of anti-government unrest. The lawmakers adopted a 9.2 percent reduction of the 2018 budget, projecting $180 million less in spending …
Last year, Brazilian farmer Gustavo Lopes sized up his sugar cane plantation against his soybean fields. He looked at global trends, including rising U.S.-China trade tensions and a stubborn sugar-market glut. Then he tore up the last of his cane …
Vienna has dislodged Melbourne for the first time at the top of the Economist Intelligence Unit’s Global Liveability Index, strengthening the Austrian capital’s claim to being the world’s most pleasant city to live in. The two metropolises have been neck …
Venezuela’s heavily subsidized domestic gasoline prices should rise to international levels to avoid billions of dollars in annual losses due to fuel smuggling, President Nicolas Maduro said in a televised address on Monday. “Gasoline must be sold at an international …
Mexican President-elect Andres Manuel Lopez Obrador said on Monday his administration will invest more than $11 billion to boost refining capacity in order to curb growing fuel imports. Lopez Obrador, who will take office on Dec. 1, told reporters his …
Turkey’s currency, the lira, continues to slide as the country’s central bank failed to halt the decline Monday. Turkish President Recep Tayyip Erdogan has accused the United States of purposely trying to damage his country’s economy. More from VOA’s Bill …
Tariffs imposed on goods imported from China, Europe and other parts of the world could hurt American consumers and small businesses more than help them. Analysts point out that in today’s global economy, most manufacturers produce parts and import others …
The Turkish lira has fallen more than 40 percent since the start of the year, 20 percent just last week, amid rising tensions between the U.S. and Turkey, and international investors’ concerns over the economy. For Turkey, the dramatic collapse …
Turkey’s central bank failed to halt the slide of the country’s lira currency on Monday as Turkish President Recep Tayyip Erdogan accused the United States of purposely trying to damage his country’s economy. “We are together in NATO and then …
Tesla Chief Executive Elon Musk said on Monday he was still in talks with potential backers of a possible buyout of the company, including Saudi Arabia’s sovereign wealth fund, but had not completed securing the funding. In a blog post, …
A vessel carrying U.S. soybeans was unloading its cargo worth at least $23 million at the Chinese port of Dalian on Monday, becoming one of the first shipments to incur hefty new import duties as the trade row deepens between …
Iranian Supreme Leader Ayatollah Ali Khamenei said Monday government mismanagement has hurt Iran’s economy more than U.S. sanctions. U.S. President Donald Trump last week reimposed a set of sanctions that had been lifted as part of the 2015 nuclear deal …
Turkish President Recep Tayyip Erdogan, embroiled in a bitter dispute with the U.S., a NATO ally, contended Sunday the plunging value of his country’s lira currency amounted to a “political plot” against Turkey. Erdogan, speaking to political supporters in the …
Iran’s official IRNA news agency is reporting that China’s state-owned petroleum corporation has taken a majority share of the country’s South Pars gas project after French oil and gas company Total announced it would pull out because renewed U.S. economic …
France deems unacceptable a European Commission proposal to exclude French ports from a rerouting of a strategic trade corridor between Ireland and mainland Europe after Brexit, the government said. At the moment much of Ireland’s trade with the continent goes via Britain in trucks. …
By most indicators, the U.S. economy is doing well. An achievement that President Donald Trump has boasted about on many occasions. But whether Americans see it that way, may depend on which side of the political aisle they’re on. This …
The White House issued a proclamation Friday evening officially announcing the doubling of steel tariffs on Turkey, slated to go into effect Monday. Earlier Friday, the Turkish lira suffered its worst one-day loss in a decade after President Donald Trump …
A threat of more U.S. sanctions has sent the ruble tumbling to its weakest since mid-2016 but authorities are not expected to leap to the currency’s defense after weathering a similar storm in April, analysts said. The ruble crashed to …
Consumer prices in the U.S. rose a modest 2.9 percent in July from a year ago, as inflation rose gradually but slowly. Friday’s Labor Department report showed the Consumer Price Index, a broad measure of Americans’ living expenses, increased two-tenths …
U.S. President Donald Trump further escalated tensions with Turkey Friday by announcing a sharp increase in tariffs on steel and aluminum imports in an early morning post on Twitter. In announcing 20 percent tariffs on aluminum and 50 percent tariffs …
Chinese state media on Thursday accused the United States of a “mobster mentality” in its move to implement additional tariffs on Chinese goods and warned that Beijing had all the necessary means to fight back. The comments marked a ratcheting up in tensions …