New York’s city council on Wednesday dealt a blow to Uber and other car-for-hire companies, passing a bill to cap the number of vehicles they operate and impose minimum pay standards on drivers. The city of 8.5 million is the …
China and Germany defended their business ties with Iran on Wednesday in the face of President Donald Trump’s warning that any companies trading with the Islamic Republic would be barred from the United States. The comments from Beijing and Berlin …
China’s exports to the United States surged last month as its merchants rushed to fill orders ahead of a jump in U.S. tariffs on Chinese goods. Its shipments to the United States climbed 13 percent in July from a year …
U.S. President Donald Trump predicted Tuesday the United States and China will have a “fantastic trading relationship” but one that will be different from the way it has been under previous presidents. Speaking to a group of invited business leaders, …
New York City’s iconic but imperiled yellow cab industry may be getting help from lawmakers who want to pump the brakes on fast-expanding ride-hailing services like Uber and Lyft. In what would be a first-in-the-nation step if passed, the City …
Venezuela’s state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers at sea and loading vessels in neighboring Cuba to avoid asset seizures. But the OPEC member nation is still …
Already threatened by escalating U.S. taxes on its goods, China is about to find it much harder to invest in U.S. companies or to buy American technology in such cutting-edge areas as robotics, artificial intelligence and virtual reality. President Donald …
China appears poised to fill the gap in Iran left by French automakers who closed their Iranian operations before the reimposition of U.S. sanctions on Tehran. The Chinese move could open yet another dispute between Washington and Beijing, adding to …
The baobab tree dots the dry African savannah from Senegal to Madagascar. It yields a fruit that’s been described as a superfood popular in the United States and Europe. With an increasing global appeal, local farmers say business is booming… …
President Donald Trump has been busy on the congressional campaign trail lately, eager to tout the strong U.S. economy on behalf of Republican candidates leading up to this year’s midterm elections in November. But the president has also repeatedly launched …
Chinese state media are reacting to U.S. President Donald Trump’s trade actions against China in diverse ways. While denouncing the U.S. leader’s actions, Beijing is also using its media to calm markets and express concern about the impact on the …
Longtime PepsiCo CEO Indra Nooyi will step down as the top executive and the world’s second-largest food and beverage company. Nooyi, who was born in India, is a rarity on Wall Street as a woman and a minority leading a …
Russia engaged in more extensive oil exports to North Korea than had been previously reported, by setting up an illicit trade network that is likely still being used today to evade United Nations sanctions, according a South Korean research organization. …
Washington is observing the latest escalation in tensions between the United States and its trading partners, with China threatening to slap tariffs on more than 5,000 American-made products totaling $60 billion. VOA’s Michael Bowman reports, Beijing’s announcement came after the …
British Trade Minister Liam Fox said “intransigence” from the European Union was pushing Britain toward a no-deal Brexit, in an interview published on Saturday by the Sunday Times. With less than eight months until Britain quits the EU, the government has …
China’s targeting of U.S. liquefied natural gas and crude oil exports opens a new front in the trade war between the two countries, at a time when the White House is trumpeting growing U.S. energy export prowess. China included LNG …
George Kamau Githome uses a feather duster to clean off hardware and bootleg movies displayed for sale at his kiosk in Mathare, one of Nairobi, Kenya’s largest slums. Githome and his family of 10 kids recently lost everything they owned …
The U.S. unemployment rate dropped slightly in July, while job gains were lower than many analysts predicted. Friday’s report from the Labor Department shows the jobless rate fell one-tenth of a percent to 3.9 percent, one of the lowest figures …
The rolling fields of green soybean plants growing on Fred Grieder’s Illinois farm would be a welcome sign most years … an indicator of a promising harvest in the fall. But this isn’t most years. Tariffs are turning away potential …
Since May, the price per bushel of soybeans has dropped almost 20 percent in the wake of an escalating trade war between the United States and China. As VOA’s Kane Farabaugh reports, despite plans for a massive aid package by …
More British businesses should be made to report the difference in how much they pay male and female staff, lawmakers said Thursday, citing “obscene” gender pay gaps in some companies. Businesses and charities with more than 250 workers must publish …
U.S. President Donald Trump sought to ratchet up pressure on China for trade concessions by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports, his administration said Wednesday. U.S. Trade Representative Robert Lighthizer said Trump directed the increase from a previously …
The Federal Reserve is leaving its benchmark interest rate unchanged while signaling further gradual rate hikes in the months ahead as long as the economy stays healthy. The Fed’s decision left the central bank’s key short-term rate at 1.75 percent …
European Union imports of U.S. soybeans were already rising substantially before a top EU official told President Donald Trump last week that the bloc would buy more. EU Commission figures released Wednesday show that 37 percent of the bloc’s soybean …