Egyptian billionaire businessman Naguib Sawiris condemned on Friday a crackdown on graft in Saudi Arabia, saying the purge had undermined the rule of law in the Kingdom and would deter investment. In unusually outspoken comments, Sawiris, a well-known business figure …
The United States has formally told the World Trade Organization (WTO) that it opposes granting China market economy status, a position that if upheld would allow Washington to maintain high anti-dumping duties on Chinese goods. The statement of opposition, made …
Senate Republicans delayed a final vote on an overhaul of the U.S. tax code late Thursday amid furious, behind-the-scenes efforts to fine-tune the legislation to satisfy a small group of fiscal hawks whose support is needed to pass one of …
Venezuela’s Avior Airlines has been banned from European Union skies after a commission determined it no longer meets international safety standards, another blow to troubled nation’s already beleaguered flight industry. The European Commission announced Thursday that Avior had been added …
The 2017 Atlantic hurricane season has finally ended In all, 17 named storms swept across the Atlantic this year and 10 rose to hurricane status. But the season will be remembered for the deadly trio — Harvey, Irma and Maria …
Germany, Europe’s most robust economy, said Thursday that its unemployment rate fell to 5.3 percent in November, the lowest figure since West and East Germany were unified in 1990. Even as Chancellor Angela Merkel and other Berlin politicians struggle to …
OPEC agreed on Thursday to extend oil output cuts until the end of 2018 as it tries to finish clearing a global glut of crude while signalling it could exit the deal earlier if the market overheats. Non-OPEC Russia, which …
The International Labor Organization says a majority of the world’s population, four billion people, have no social protection, leaving them mired in an endless cycle of poverty. The report says 45 percent of the global population is covered by at …
The buoyant economic recovery across the 19-country eurozone has pushed unemployment down to its lowest level in nearly nine years but has yet to translate to a sustained pick-up in wages and prices, official figures indicated Thursday. Eurostat, the …
Mexican Economy Minister Ildefonso Guajardo said Wednesday that Trump administration demands for a U.S.-specific automotive content requirement in NAFTA were “not viable,” and he declined to specify when Mexico would formally respond. At a news conference following a series of …
Opposition has grown among Americans to a Republican tax plan before the U.S. Congress, with 49 percent of people who were aware of the measure saying they opposed it, up from 41 percent in October, according to a Reuters/Ipsos poll …
Colombia’s palm oil industry and big businesses have pledged to eliminate deforestation from their supply chains as the country battles to reverse the growing destruction of its tropical rainforests. The commitment signed this week makes Colombia the first country in …
The number of international visitors to the United States through June fell sharply from last year, according to government data released Wednesday. And the number of business travelers fell by much more than the drop in tourists, according to the …
Turkey’s deteriorating finances are hurting the country’s banks whose reliance on dollar funding makes them vulnerable to the worst-case scenario: a sudden halt or reversal of foreign investment flows. International investors are growing nervous about Turkey for a variety of …
This week, more than 1,000 entrepreneurs, business executives and government officials are in Hyderabad India to discuss ways to empower people to start businesses and build networks. The focus of the 8th annual Global Entrepreneurship Summit is women, who still …
U.S. ethanol producers, looking to relieve a growing domestic glut, are hunting for new international fuel markets to replace China and Brazil after trade disputes slashed exports to those top buyers. Without new markets, U.S. producers may have to pare …
Eni US could begin work on oil exploration in federal waters off Alaska as soon as next month after the Trump administration on Tuesday approved permits for leases the company has held for a decade, the Interior Department said. The …
Venezuelan leftist President Nicolas Maduro on Tuesday evening held a ceremony to swear in a military officer as the new head of state oil company PDVSA in the presence of the military’s top brass and cheering red-shirted oil workers. In …
As India starts to use blockchain technology for land deals, it must protect the rights of the most vulnerable with policies for the responsible use of big data, analysts said. At least two Indian states are testing blockchain — a …
Chobani, the company that helped kick-start the Greek yogurt craze, is shrinking those words on its label as it may expand beyond that food in an increasingly crowded yogurt market. The new look, which will show up in supermarkets this …
The coal industry and environmentalists squared off Tuesday at a public hearing over the Trump administration’s planned repeal of an Obama-era plan to limit planet-warming carbon emissions. The Environmental Protection Agency was holding the only scheduled hearing on the reversal …
Jerome Powell says that if confirmed as the next chairman of the Federal Reserve, he expects the Fed to continue raising interest rates gradually to support its twin goals of maximum employment and stable prices. Under his leadership, Powell …
Ivanka Trump described the hurdles faced by women during a speech Tuesday at a business conference in India, which is treating her trip like a royal visit. But her solo outing also highlighted questions about whether her message of …
The world economy is growing faster than it has in seven years and more and more people are working — but the high growth isn’t expected to last long, and wages remain stubbornly stagnant. That’s according to forecasts Tuesday from …