The Senate on Tuesday approved President Donald Trump’s selection of Jerome Powell to be the next chairman of the Federal Reserve beginning next month. Senators voted 84-13 to confirm Powell to lead the nation’s central bank, a post that …
Eleven countries aiming to forge an Asia-Pacific trade pact after the United States pulled out of an earlier version will sign an agreement in Chile in March, Japan’s economy minister said on Tuesday, in a big win for Tokyo. Trade …
China and South Korea are protesting U.S. President Donald Trump’s decision to impose steep tariffs on washing machines and solar panels, a move that is fueling concerns in Asia that more U.S. protectionist measures are forthcoming. Trump said Tuesday that …
A trade group representing U.S. auto parts makers on Monday urged the Trump administration to adopt NAFTA automotive rules that cover research, engineering, design and software development work as part of North American regional value content goals. The proposal from …
China invited Latin American and Caribbean countries to join its “One Belt, One Road” initiative on Monday, as part of an agreement to deepen economic and political cooperation in a region where U.S. influence is historically strong. Chinese Foreign Minister …
The EU’s justice commissioner is working on a proposal that could oblige member states such as Poland, which has clashed with Brussels over reforms to its courts, to pass tests on the independence of their judicial systems before receiving funding. …
The global unemployment rate is stabilizing after years in a slump due to a faltering economy, the International Labor Organization reports in “World Employment and Social Outlook: Trends 2018.” However, unemployment — which the ILO says stands at more than …
The NAFTA trade agreement’s future hangs in the balance this week as negotiators from the United States, Canada and Mexico try to settle major differences over revamping a pact that President Donald Trump has threatened to abandon. Senior officials from …
In Davos this week, participants can experience “a day in the life of a refugee.” Or hear about ways to uphold the Paris climate accord and promote free trade. Or rub elbows with any number of leaders of African countries. …
Australia has filed a formal complaint with the World Trade Organization that accuses Canada of placing “discriminatory” rules on the sales of imported wine. Canada is Australia’s fourth-biggest wine market. Officials in Canberra say rules in Canada unfairly discriminate against …
Iran’s supreme leader has ordered the Revolutionary Guard to loosen its hold on the economy, the country’s defense minister says, raising the possibility that the paramilitary organization might privatize some of its vast holdings. The comments this weekend by Defense …
Saudi Arabia’s energy minister urged global oil producing nations on Sunday to extend their cooperation beyond 2018, but said this might mean a new form of deal rather than continuing the same supply cuts that have boosted prices in recent …
Afghanistan’s arts and architecture were once the pride of Asia. However, more than four decades of war have left many of the country’s traditional crafts on the verge of extinction. Now a Britain-based organization, Turquoise Mountain, is working to preserve …
Donald Trump, the presidential candidate, would not like the way Trump, the president, is crowing about today’s unemployment rate. He’d be calling the whole thing a “hoax.” Trump raised a red flag about declining jobless numbers during his campaign, denying …
U.S. President Donald Trump will be entering something of a lion’s den when he visits the elitist enclave of Davos next week, rubbing shoulders with the same “globalists” that he campaigned against in winning the 2016 election. Aides said some …
Britain wants to have a comprehensive trade deal with the European Union as well as a defense pact in place once it leaves the bloc, Prime Minister Theresa May said in remarks published in a German newspaper Saturday. May added that her government was not …
The largest banking trade group in the United States says shutting down the government could hurt investor and consumer confidence, but would hit the overall economy indirectly. Speaking as the American Bankers Association unveiled its annual economic forecast in Washington, …
Imagine if cigarettes were no longer addictive and smoking itself became almost obsolete; only a tiny segment of Americans still lit up. That’s the goal of an unprecedented anti-smoking plan being carefully fashioned by U.S. health officials. But the proposal …
Swiss luxury watchmaker Audemars Piguet said it would launch a second-hand business this year, becoming the first big brand to announce plans to tap into a fast-growing market for pre-owned premium watches. The company told Reuters it would launch the business at …
Foreign investors in Vietnam will welcome a fairer, more predictable set of business practices as the government pursues the heads of local firms over corruption, analysts believe. Some foreign companies might review their own books to ensure clean accounting, as …
Widow Ahatho Turuga lost 20 of her goats to drought early last year, but the shopkeeper is planning to reinvest in her herd once she has saved enough money. “I think I will start with four goats and see how …
Turkey’s main business lobby on Thursday called on the government to end the state of emergency as parliament extended it for a sixth time since it was imposed after an attempted coup in 2016. Emergency rule allows President Tayyip Erdogan …
Nigeria moved closer to turning the first part of a long-awaited oil industry bill into law after the lower house passed the same version of the legislation approved by the Senate last year, a lawmaker in the House of Representatives …
China’s economy surged in 2017, posting a 6.9 percent increase from the year before — its first annual increase in seven years. The figures announced Thursday by the National Bureau of Statistics outstripped the 6.7 percent increase recorded in 2016, which …