A surge in sales of Cuba’s legendary cigars in China helped manufacturer Habanos S.A.’s global revenue rise 12 percent to hit a record of around $500 million last year, the company said on Monday at the start of Cuba’s annual …
It promised ample snow and sunny weather on a normally bare, rocky peak easily accessible by “super highway,” thousands more hotel rooms than existed, and a cross-country ski course that looked good on paper but would have cut through some …
The governor of Sao Paulo and likely centrist presidential candidate Geraldo Alckmin said on Monday that he would privatize Brazil’s state-run oil company Petroleo Brasileiro SA if he wins the elections in October. Alckmin, who has single digit support in …
U.S. President Donald Trump on Monday said he wants to bring the steel industry back to America even if it means applying tariffs to imports from other countries. “I want to bring the steel industry back into our country. If …
One of the hallmarks of India’s financial capital, Mumbai, is a food delivery system that involves 5,000 lunchbox carriers, who distribute over 100,000 home cooked meals to office workers with an efficiency that has been the subject of top business …
Days after saying that it would retroactively cut the profits reported over the past two years, General Electric Co. is reshaping its board of directors. One person joining the board chaired the organization that sets accounting standards in the United …
Reports of massacres and the displacement of close to 700,000 Rohingya have chilled relations between Myanmar and its Western partners but the crisis has not reversed the country’s long-term economic outlook. Myanmar’s brand as a “frontier” destination for Western investment …
President Emmanuel Macron on Saturday faced heckles and whistles from French farmers angry with reforms to their sector, as he arrived for France’s annual agricultural fair. For over 12 hours, Macron listened and responded to critics’ rebukes and questions — only …
Investor Warren Buffett says Wall Street’s lust for deals has prompted CEOs to act like oversexed teenagers and overpay for acquisitions, so it has been hard to find deals for Berkshire Hathaway. In his annual letter to shareholders Saturday, Buffett …
Australia appears to be failing in its efforts to crack down on bribery, according to the latest survey conducted by Transparency International, a non-governmental organization based in Germany. The group said developed countries – including Australia – appeared to be …
Three more companies say they have ended marketing programs with the National Rifle Association (NRA), as gun control advocates stepped up pressure on firms to cut ties to the gun industry following last week’s school shooting in Florida. Activists have …
The heaviest, the largest, the most impactful — those were the superlatives the Trump administration used to describe its latest sanctions against North Korea. But were the Treasury Department designations of more than 50 companies and ships accused of illicit …
Federal Reserve policymakers fretted on Friday that they could face the next U.S. recession with virtually the same arsenal of policies used in the last downturn and, with interest rates still relatively low, those will not pack the same punch. In the midst of an …
European Union leaders staked out opening positions Friday for a battle over EU budgets that many conceded they are unlikely to resolve before Britain leaves next year, blowing a hole in Brussels’ finances. At a summit to launch discussion on …
U.S. stocks rallied on Friday, lifted by gains in technology stocks and a retreat in Treasury yields as the Federal Reserve eased concerns about the path of interest rate hikes this year. The U.S. central bank, looking past the recent …
Leaders of Afghanistan, Turkmenistan, Pakistan and its arch rival India jointly inaugurated construction work Friday on the Afghan section of a long-delayed multibillion-dollar gas pipeline connecting the four nations, raising hopes for regional cooperation and peace. A ceremony took place …
Saudi Arabia will stage more than 5,000 shows, festivals and concerts in 2018, double the number of last year, as it tries to shake off its conservative image in a drive to keep tourist dollars at home and lure in …
The European Central Bank has set a deadline of Friday for Latvia’s third-largest bank to plug a financing hole, the country’s finance minister said, as the Baltic state faced its worst financial difficulties in almost a decade. Earlier, ABLV said …
Afghanistan will host leaders from Turkmenistan, Pakistan and India on Friday for the ground-breaking ceremony of the Afghan section of a much-delayed multi-billion dollar gas pipeline connecting the four nations. The $10 billion mega project, known as Turkmenistan-Pakistan-Afghanistan-India, or TAPI, …
South Korea’s cryptocurrency industry is anticipating much better times as the market regulator changes tack from its tough stance on the virtual coin trade, promising instead to help promote blockchain technology. The regulator said Tuesday that it hopes to see …
South Korea said on Wednesday it is signing free trade agreements with five Central American nations aimed at boosting market access for the Korean auto sector and electronics makers. Trade minister Kim Hyun-chong will meet representatives from Costa Rica, El …
President Nicolas Maduro said Tuesday that Venezuela had received $735 million in the first day of a pre-sale of the country’s “petro” cryptocurrency, aimed at pulling the country out of an economic tailspin. Maduro is hoping the petro will allow …
There are no talks between China and the separatists from Pakistan’s Baluchistan province regarding the protection of the China-Pakistan Economic Corridor (CPEC), a senator from the province told VOA. First reported by The Financial Times, several newspapers in Pakistan said that …
President Michel Temer’s decision to throw in the towel on reforming Brazil’s loss-making pension system leaves the unpopular measure as a campaign issue for October’s elections and a major headache for his successor. Monday’s announcement that Temer was abandoning an …