Sinopec USA, a subsidiary of the Chinese oil and gas conglomerate, has sued Venezuela’s state oil company PDVSA in a U.S. court, claiming it never received full payment for an order of steel rebar. The lawsuit asks for $23.7 million …
If you buy a “Swiss-made” watch thinking it’s almost entirely produced in Switzerland, you might be mistaken. The manufacture of components including dials, sapphire glass and cases is flourishing in China, Thailand and Mauritius and many of these end up …
Chinese exports to Cuba have plunged this year in the latest sign of a worsening in the Communist-run island’s financial situation, which began in 2015 with the economic crisis in its top trading partner Venezuela. Chinese exports to Cuba slumped …
Luxury goods companies may ban sales of their products on online platforms like Amazon to preserve their aura of exclusivity, the European Union’s top court said Wednesday. The European Court of Justice ruled in favor of the German branch of …
A war on food waste in France, where supermarkets are banned from throwing away unsold food and restaurants must provide doggy bags when asked, has helped it secure the top spot in a ranking of countries by their food sustainability. …
Venezuela’s plan to create an oil-backed cryptocurrency faces the same credibility problems that dog the ruling Socialist Party in financial markets and is unlikely to fare any better than the struggling OPEC member itself, investors and technical experts say. President …
The White House on Tuesday strongly denied that the special prosecutor looking into alleged Russian interference in last year’s election has asked a German bank for records relating to accounts held by Donald Trump and his family members. “We’ve confirmed …
Uzbekistan and Afghanistan signed an agreement Tuesday to extend a railroad connecting the two countries in a move that may eventually give Uzbekistan a direct link to seaports. Landlocked Uzbekistan’s access to marine shipping is very limited. In 2011, the Uzbek …
The European Union named and shamed 17 states that it accuses of being tax havens Tuesday, and put another 47 countries on notice that they risk being blacklisted, too, unless they start tackling tax evasion. The blacklist was agreed on …
The government of Brazil’s President Michel Temer is far from assembling the coalition needed to pass a landmark pension reform, but potential supporters of the measure are now more organized, a key legislator said on Monday. “We’re still enormously far …
The finance ministers from the 19 countries that use the euro are deciding who should lead their regular meetings, with Portugal’s Mario Centeno widely tipped to take the helm of a group that has led the currency bloc’s crisis-fighting efforts. …
Workers at several Indonesian palm oil plantations that supply Pepsi and Nestle suffer from a variety of labor abuses, including lower-than-minimum wages, child labor, exposure to pesticides, and union busting, according to a new report from the Rainforest Action Network …
Venezuelan President Nicolas Maduro says his government will launch a cryptocurrency, or digital currency, to circumvent what he called a financial “blockade” by the U.S. government. The new currency will be called the “petro,” the leftist leader said in his …
Venezuela’s President Nicolas Maduro on Sunday gained more powers over the OPEC member’s oil contracts, as a deepening purge looks set to strengthen the leftist leader’s control of the key energy sector amid a debilitating recession. A months-long crackdown on …
A committee exploring the effects of recreational marijuana on Nevada’s gambling industry is wrestling with how the state’s casinos might deal with the pot business while not running afoul of federal law. Lured by a potential economic impact in the …
Liz Whitehurst dabbled in several careers before she ended up on a Maryland farm, crating fistfuls of fresh-cut arugula in the November chill. The hours were better at her nonprofit jobs. So were the benefits. But two years ago, Whitehurst, …
The city of Zibo, China’s ceramics capital, is undergoing environmental shock therapy to clear its filthy skies and transform its economy — and not everyone is happy. Much of Zibo’s sprawling industrial district has become a ghost town of shuttered …
Greece’s finance minister said Saturday that an agreement had been reached between the heavily indebted country and its creditors on its progress in implementing reforms. The agreement on the so-called Third Assessment of Greece’s latest bailout program will allow Greece …
Airlines canceled more flights leaving the Indonesian island of Bali on Saturday, citing forecasts of deteriorating flying conditions because of a risk of volcanic ash from the erupting Mount Agung volcano. A Bali airport spokesman said the airport was operating …
President Donald Trump’s administration announced Friday that it won’t require mining companies to prove they have the financial wherewithal to clean up their pollution, despite an industry legacy of abandoned mines that have fouled waterways across the U.S. The …
Republicans pushed a nearly $1.5 trillion tax bill through the Senate early Saturday after burst of eleventh-hour horse trading, as a party starved all year for a major legislative triumph took a giant step toward giving President Donald Trump one …
Venezuela has arrested Diego Salazar, a relative of former oil czar Rafael Ramirez, as part of an investigation into a money laundering scandal in Andorra, the South American country’s state prosecutor said on Friday night. President Nicolas Maduro is overseeing …
A Peruvian prosecutor asked a judge to jail executives of three local construction companies that had previously partnered with Brazilian builder Odebrecht, which has admitted to paying bribes in the country, chief prosecutor Pablo Sanchez said on Friday. Prosecutors started …
Despite criticism from Washington over Cambodia’s crackdown on the opposition and accusations that the U.S. helped plot Prime Minister Hun Sen’s downfall, U.S. Ambassador William Heidt has said that America’s support for Cambodia’s economy will not be negatively impacted. Heidt …