Amid continuing economic turmoil, Venezuela skipped heating oil contributions to a Massachusetts-based nonprofit for a second consecutive winter, signaling that the popular program that began with fanfare after Hurricane Katrina may be kaput. The decision by Venezuela’s Citgo Petroleum Corp. …
Namibia’s president said Tuesday that the government is considering radical land expropriation to spur the transfer of property to the country’s black majority. Speaking at Namibia’s 27th independence celebrations, President Hage Geingob said the government should evoke part of the …
The University of Southern California each year hosts the African Economic and Development Summit, bringing delegations of African business leaders, government officials and others to network with their counterparts in the U.S. But this year, the African summit has no Africans. All were …
The World Bank reports Africa will receive the bulk of the $75 billion the International Development Association, or IDA, will spend to finance life-saving and life-changing operations over the next three years mainly in 30 of the world’s poorest, most …
There was bad news for the United Nations last week, as President Donald Trump announced he is seeking a 28 percent budget cut for diplomacy and foreign aid, which includes an unspecified reduction in funding to the United Nations and …
China, the world’s third-largest bond market accounting for $9 trillion in debt instruments, has started the process of opening up to foreign investors. Two major investment banks, including Citigroup, have announced plans to join the fray and several others are …
German Chancellor Angela Merkel and Japan’s Prime Minister Shinzo Abe spoke up for free trade at a major technology fair on Sunday with jabs clearly pointed at an increasingly protectionist United States. Both called for a free trade deal to …
U.S. Treasury Secretary Steve Mnuchin said the meeting of finance ministers of the G20 countries was a success Saturday despite the ministers not reaching agreement on trade protectionism. “I will leave here confident that my colleagues and I are able …
In Greece’s grinding economic crisis, a home for abused children is now taking in those whose parents are struggling to feed them. It is perhaps the darkest sign of economic devastation in Greece, where traditionally strong family ties are starting …
It could be a Hollywood screenplay. Juliana Armelin and her husband Paulo Siqueira decided to radically change their lives in 2010, quitting jobs in Sao Paulo’s financial sector and moving to a farm seven hours away to start growing coffee. …
Airbnb expects to maintain its rapid growth in Africa this year and double its customer numbers to 1.5 million, its Chief Executive Brian Chesky and regional head told Reuters on Friday. The number of people using the online room rental …
In the latest outreach effort following a contentious campaign, top Trump administration officials – as well as first daughter Ivanka Trump – met Thursday with Hispanic business leaders. Underscoring her unusual role working outside the administration, Ivanka Trump attended …
Foreign tourism to the United States, which supports millions of American jobs, is slowing, possibly because President Donald Trump sought controversial travel restrictions on some Muslim-majority nations. Online searches for flights to the United States are down in most major …
Africa’s rising youth population is outpacing available jobs in the public and private sectors, leaving would-be workers vulnerable to exploitation, terrorism and human rights abuses. Nigerian entrepreneur Tony Elumelu believes the solution to Africa’s unemployment problem is for the private …
Zimbabwe has opened its 2017 tobacco-selling season with hopes the “golden leaf” will change the economic fortunes of the southern African nation. Officials say the tobacco yield has been increasing after a downward turn in 2000 when the government chased …
President Donald Trump is to tell American autoworkers Wednesday in the state of Michigan that he is setting aside strict fuel-economy requirements imposed by the previous administration in its waning days. The Trump White House contends that action broke an …
China is warning about the possible impact of a trade war with the United States, even as the world’s two biggest economies take steps to map out relations under the administration of President Donald Trump. Speaking at an annual news …
Asia needs to make extra efforts to defeat hunger after progress has slowed in the last five years, including promoting so-called “smart crops” as an alternative to rice, the head of the U.N. food agency in the region said. Kundhavi …
Niagara Falls, whose most famous thrill-seekers have gone over the brink in barrels, wants to be the place the rest of us go for outdoor adventure, too. A new marketing effort launched Tuesday rebrands the American shore of the …
Brazil’s top public prosecutor asked the Supreme Court to open 83 new investigations into senior politicians on Tuesday, reportedly including five ministers and leading lawmakers, in a dramatic escalation of a graft probe threatening the government. Prosecutor General Rodrigo Janot …
Airline industry group IATA said it remains concerned about protectionist rhetoric from the United States and other governments, but also sees the new U.S. administration’s plans to invest in infrastructure as positive for the industry. IATA’s Director General Alexandre de …
Most analysts predict the U.S. central bank will boost interest rates slightly on Wednesday as the economy nears full employment and inflation rises modestly. Leaders of the U.S. Federal Reserve are gathered in Washington through Wednesday to debate interest rate …
Aspiring property moguls take note – the town of Tiller, Oregon, is for sale, asking price just $3.5 million. For an extra $350,000, you can have the old school too. The mostly uninhabited, unincorporated town about 225 miles (362 km) …
China is witnessing a rare protest from heads of some major Chinese companies who say government controls on the outflow of funds are hurting their ability to strike business deals overseas. Starting late last year, the government began imposing strict …