Behind the U.S. move to block Singapore-based Broadcom’s hostile bid for U.S. chipmaker Qualcomm lies a new global struggle for influence over next-generation communications technology — and fears that whoever takes the lead could exploit that advantage for economic gain, …
Sao Paulo investment firm SouthRock Capital has signed an agreement with Starbucks that gives it the right to develop and operate branches of the Seattle-based chain in Brazil, the companies said late on Monday. With the agreement, whose value was …
European Union finance ministers agreed new measures on Tuesday to force accountants and banks to report aggressive tax schemes that help companies shift profits to low-tax countries. Ministers also added the Bahamas, the U.S. Virgin Islands and Saint Kitts and …
Thailand’s cabinet has agreed to draft a law to regulate cryptocurrency trading, seeking to tax the largely unregulated market. Government spokesman Nathporn Chatusripitak said Tuesday the Ministry of Finance also proposed the new regulations to help prevent use of digital …
Cambodia is pushing ahead with new legislation in a bid to lure foreign investors to its vibrant casino and gaming industry, promoting the Kingdom as a key gaming center in South East Asia. The proposed legislation, expected to be passed …
Secretary-General Antonio Guterres called himself “a proud feminist” Monday and said all men should support women’s rights and gender equality. His statement was loudly applauded by hundreds of women and a sprinkling of men at the opening of the annual …
The daily commute from Mexico to California farms is the same as it was before Donald Trump became president. Hundreds of Mexicans cross the border and line the sidewalks of Calexico’s tiny downtown by 4 a.m., napping on cardboard sheets …
U.S. President Donald Trump is blocking Singapore-based Broadcom, maker of computer and smartphone chips, from taking over U.S. chipmaker Qualcomm. Trump cited national security grounds in stopping the takeover, following the recommendation of the Committee on Foreign Investment in the …
Eurozone creditors are expected to disburse new loans to Greece this month and are working on debt relief measures, the head of the bloc’s finance ministers said on Monday, steps that should help underpin its economic recovery. Greece’s 86-billion-euro bailout …
Mexico’s powerful CCE business lobby on Monday urged the leftist front-runner for a July 1 presidential election to stop questioning major planks of the government’s economic agenda lest it damage investment. Andres Manuel Lopez Obrador, who has led opinion polls …
A global financial body warns central banks should carefully weigh the risks before introducing their own virtual currencies, saying such innovations could risk destabilizing banking systems and unleash disruption across borders. But it said some forms of digital innovation could …
Austria’s Constitutional Court on Monday dealt a blow to the government’s plans to cut benefits for groups including refugees, striking down identical rules in one province and saying refugees deserve special treatment. Austria’s parliamentary election in October was dominated by …
Labor strikes. Nationwide protests. Bank failures. In recent months, Iran has been beset by economic problems despite the promises surrounding the 2015 nuclear deal it struck with world powers. Its clerically overseen government is starting to take notice. Politicians now …
China said Sunday it does not intend to ignite a trade war with the U.S. because the move would be disastrous for the entire world. “There are no winners in a trade war,” Minister of Commerce Zhong Shan said on …
Trade representatives for Japan and the European Union met with the U.S. trade representative Saturday in an effort to avoid a trade war over President Donald Trump’s new tariffs on aluminum and steel. At the meeting in Brussels, U.S. Trade …
Several Asian nations that are major trading partners with the U.S. reacted strongly Friday to a U.S. decision to impose tariffs on metal imports, raising concerns of global trade conflicts. China, a key target of U.S. trade concerns, said it …
China is gearing up to retaliate in response to stiff U.S. tariffs on steel and aluminum as Chinese industry associations urge authorities to take “resolute measures.” Retaliation from Beijing could contribute to a possible trade war between the world’s two …
Young people around the United States are creating virtual businesses that produce simulated products, which are marketed and sold for virtual money. Thirteen hundred students recently showcased their ventures, ranging from telecom firms to gourmet food providers, in Pasadena, California. …
U.S. employers went on a hiring binge in February, adding 313,000 jobs, the most in any month since July 2016, and drawing hundreds of thousands of people into the job market. The Labor Department said wage gains, meanwhile, fell from …
Has President Donald Trump’s romance with the Goldman Sachs crowd gone cold? Top economic adviser Gary Cohn is only the latest Goldman figure to head for the White House exits, suggesting the influence of the oh-so-establishment banking powerhouse has been …
American trading partners are criticizing the Trump administration’s proposed tariffs on steel and aluminum imports into the United States. Many analysts say the situation could lead to a new trade war, which could hit developing countries as well as big …
Despite opposition from many in his own party and warnings of retaliation by US trading partners abroad, President Donald Trump on Thursday rolled out tariffs on steel and aluminum imports, crossing off a major item on his trade agenda. The …
U.S. President Donald Trump’s announcement of new tariffs on steel and aluminum is eliciting strong reactions at home and around the world. America’s neighbors breathed a sigh of relief at being granted an exemption from the tariffs. Foreign Affairs Minister …
U.S. President Donald Trump on Thursday signed companion proclamations slapping 25 percent tariffs on steel coming into the country and 10 percent tariffs on imported aluminum. The across-the-board taxes are to go into effect in 15 days. Amid fears that …