An unprecedented Chinese financial and construction effort is rapidly developing Pakistan’s strategically located Arabian Sea port of Gwadar into one of the world’s largest transit and transshipment cargo facilities. The deep water port lies at the convergence of three of …
The U.S. economy is expected add another 11.5 million jobs by 2026, as an aging population and longer life spans raise the need for health care providers. The total U.S. workforce is expected to grow to 167.6 million people. Tuesday’s …
Sierra Leone hopes to raise millions of dollars for development projects by auctioning a huge uncut diamond, believed to be one of the world’s largest, in New York in December. It will be the government’s second attempt to sell the …
The U.S. Federal Reserve will raise interest rates in December and twice next year, according to a Reuters poll of economists, who now worry that the central bank will slow its tightening because of expectations that inflation will remain low. …
Taiwan is offering visa waivers and setting up overseas investment offices across a swathe of countries to its south, the latest moves to deepen a rebalancing of economic relations away from political foe China. Officials in Taipei hope to foster …
The sloping vineyards of New York’s Finger Lakes region known for producing golden-hued rieslings and chardonnays also are offering a splash of orange wine. The color comes not from citrus fruit, but by fermenting white wine grapes with their …
A bakery in a low-income area of Johannesburg slashed prices of its popular bread, with unexpected results. What started as a way to help feed the community became a recipe for success as the bakery has a lot more business …
President Donald Trump is considering nominating Federal Reserve Governor Jerome Powell and Stanford University economist John Taylor for the central bank’s top two jobs, in an apparent bid to reassure markets and appease conservatives hungry for change. Under that scenario, …
Turkey’s banking regulator urged the public on Saturday to ignore rumors about financial institutions, in an apparent dismissal of a report that some Turkish banks face billions of dollars of U.S. fines over alleged violations of Iran sanctions. “It has …
Hong Kong’s last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall. The bourse’s operator, Hong Kong Exchanges & Clearing, says it will close the trading hall by the end …
A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson’s Baby Powder for feminine hygiene. The …
Running 1,300 kilometers over the world’s highest mountain pass, the “Friendship,” or Karakoram, Highway is evidence of China’s willingness to spend big as a contributor to global development. Costing tens of billions of dollars, the road links western China with …
A mass transit strike in the Philippines this week risks more disruptive collective action unless drivers and the government settle differences over costly upgrades to an aging yet iconic vehicle fleet, analysts say. Thousands of drivers and operators of “jeepneys” …
Kenya’s economy is expected to grow next year by 5 percent, down from a projected 6 percent, according to the International Monetary Fund. The slowdown is largely blamed on the political uncertainties related to the re-run presidential election scheduled for …
When the new school year started in September, 16-year-old Aelina Pogosian couldn’t wait to tell her friends about the most interesting part of her summer vacation: her RISE internship, working three weeks in the biology lab at Montgomery College. “A …
The last mass-produced car designed and built in Australia rolled off General Motors Co.’s production line in the industrial city of Adelaide on Friday as the nation reluctantly bid farewell to its auto manufacturing industry. GM Holden Ltd., an Australian …
Hundreds of workers streamed through dark streets, blocking an entrance to an Apple iPhone supplier’s factory in eastern China to protest unpaid bonuses and factory reassignments, two witnesses and China Labor Watch, a New York based non-profit group, said Thursday. …
Missouri officials were submitting a bid Thursday for Amazon’s second headquarters that would involve an innovation corridor between Kansas City and St. Louis rather than a single location in one of the state’s major metropolitan areas. That’s proposal is …
The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president. THE NUMBERS: The Labor Department said Thursday that claims for jobless aid dropped by 22,000 to 222,000, fewest since March 1973. …
In Iraq, young entrepreneurs cash-in on a food trend popularized in the West. Trucks serving American-style fast food serve meals on-the-go and opportunities for those hungry for work. Arash Arabasadi reports. …
The Dow Jones Industrial Average closed above 23,000 for the first time on Wednesday, driven by a jump in IBM after it hinted at a return to revenue growth. The Dow hit 22,000 on Aug. 2, only 54 trading days …
Every month, Fatma Ahmed sends $200 of the earnings she makes in London to her family in Somalia. “It’s for daily life. For rent, for buying grocery things, to live over there. Because actually in Somalia, that much we do …
Remittances from overseas diaspora constitute a vital part of the economy of many developing nations, none more so than Somalia, where the inflows add up to more than foreign aid and investment combined. But analysts warn the industry is poorly …
A Geneva trade official says China and Taiwan have joined many U.S. allies including Israel at the World Trade Organization to express concerns over a Trump administration executive order that seeks to maximize use of American-made goods, products and materials …