Year: 2018

There is no sign that the United States is distancing itself from the World Trade Organization, and negotiations are underway to avert a global trade war, WTO Director-General Roberto Azevedo said in a BBC interview broadcast Wednesday. U.S. President Donald Trump has launched a series…

U.S. President Donald Trump, who campaigned against economic agreements he considered unfair to America has his first trade deal. The United States and South Korea have agreed to revise their sweeping six-year-old trade pact which was completed during the administration of Trump’s predecessor, Barack Obama.…

For this ancient town on the southern edge of the Sahara, the flow of desperate migrants trying to reach Europe used to be a boon, not a burden. Abdoul Ahmed, a 31-year-old mechanic in Agadez, measured the good years in customers. When arrivals in Europe…

A growing American economy and passage of a Republican tax overhaul appear to be helping President Donald Trump lift his approval ratings from historic lows, according to a new poll by The Associated Press-NORC Center for Public Affairs Research. Trump remains unpopular with the majority…

Uber Technologies has agreed to sell its Southeast Asian business to bigger regional rival Grab, the ride-hailing firms said on Monday, marking the U.S. company's second retreat from an Asian market. The industry's first big consolidation in Southeast Asia, home to about 640 million people,…

White House officials are looking into whether $500 million in loans that went to Trump administration senior adviser Jared Kushner's family real estate company may have spurred ethics or criminal law violations, according to the head of the federal government's ethics agency. David J. Apol,…

Indonesia's strict crackdown on illegal foreign fishing boats is paying off, according to new research. Kicking out interlopers has relieved pressure on the country's overtaxed fisheries at no cost to its domestic industry, the study says, and may point the way for other countries to…

A delegation of Indian CEOs visiting Myanmar and the launch of a new India-Myanmar business chamber in Yangon have sought to inject life into stagnant economic ties between the two neighboring countries. Since 2011, when the military junta launched political and economic reforms, Myanmar’s future…

U.S. stocks surged Monday as fears eased about the possibility of an all-out trade war with China over competing tariff increases. The closely watched Dow Jones Industrial Average of 30 key stocks jumped by more than 1.5 percentage point in New York in early-day trading…

A senior Chinese official is warning that a trade war would hurt all sides and set off a "greater conflict." "A trade war serves the interests of none. It will only lead to serious consequences and negative impact," Vice Premier Han Zheng said at a…

In Russia’s far north, the city of Vorkuta is slowly being reclaimed by the Arctic tundra. Its population has plummeted as the local coal mines have closed, and the very future of the city is in doubt. As Henry Ridgwell reports for VOA, Vorkuta’s fate…

Tourist numbers in Indonesia swelled last year on the back of overseas advertising and infrastructure development. President Joko Widodo has said he wants to "create 10 tourist destinations like the island of Bali.” But the pleasing economic numbers also come with a social and environmental…

German business leaders are expressing concerns that President Donald Trump’s 25 percent tariff on imported steel could affect the auto industry in the South.   WABE Radio reports Mercedes-Benz USA this month opened its new North American headquarters in Sandy Springs, Georgia, for 1,000 employees.…

The United States has flouted trade rules with an inquiry into intellectual property and China will defend its interests, Vice Premier Liu He told U.S. Treasury Secretary Steven Mnuchin in a telephone call on Saturday, Chinese state media reported. The call between Mnuchin and Liu,…