Year: 2018

U.S. farmers are beginning to feel the effects of tariffs imposed by China in retaliation for U.S. tariffs on Chinese steel and aluminum. As VOA's Kane Farabaugh reports, while the short-term concern for farmers is the impact on profits this year, the bigger worry is…

China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington. But signs exporters were rushing shipments before tariffs went into effect…

The Turkish lira recovered some losses Thursday hours after it hit record lows. New Treasury and  Finance Minister Berat Albayrak, President Recep Tayyip Erdogan's son-in-law, sought to reassure nervous markets that the central bank's independence was not in question. The wild currency gyrations following Albayrak's…

U.S. consumer prices barely rose in June, but the underlying trend continued to point to a steady buildup of inflation pressures that could keep the Federal Reserve on a path of gradual interest rate increases. Other data on Thursday showed first-time applications for unemployment benefits…

The U.S. is on pace to leapfrog both Saudi Arabia and Russia to become the world's biggest oil producer. The latest data released by the Energy Information Administration shows U.S. output growing again next year to 11.8 million barrels a day.   Linda Capuano, who…

Nigeria's President Muhammadu Buhari said on Wednesday the country will soon sign up to a $3 trillion African free trade zone. Nigeria is one of Africa's two largest economies, the other being South Africa. Buhari's government had refused to join a continental free-trade zone established…

In a ceremony last week attended by heads of state from across East Africa, Djibouti inaugurated what it says will become the largest free-trade zone on the continent. The project will take 10 years to complete and will occupy more than 48 square kilometers when…

As the trade war between the world's two largest economies nears the end of its first week, its most unsettling fact may be this: No one seems to foresee any clear path to peace.   The United States insists that China abandon the brass-knuckles tactics…

Uber is getting into the scooter-rental business.   The ride-hailing company said Monday that it is investing in Lime, a startup based in San Mateo, California.   "Our investment and partnership in Lime is another step towards our vision of becoming a one-stop shop for…

President Donald Trump is threatening to "respond" after several major U.S. drug companies raised prices of some widely prescribed medicines. "Pfizer and others should be ashamed that they have raised drug prices for no reason," Trump tweeted Monday. "They are merely taking advantage of the…

Behind a row of sealed red incubator doors in a new facility in northern China, about 400,000 chicks are hatched every day, part of the rapidly modernizing supply chain in China's $37 billion egg industry, the world's biggest. As China overhauls production of everything from…