Author: Busman

Honda has confirmed its western England car factory, which employs 3,500 people, will close in 2021. The Japanese carmaker announced Monday that the Swindon plant will shut in two years, "at the end of the current model's production life cycle."   Honda makes its popular…

The U.S. said Sunday it expects that China will retaliate with increased tariffs on U.S. exports after President Donald Trump sharply boosted levies on Chinese products headed to the United States. Chief White House economic adviser Larry Kudlow told "Fox News Sunday" that "both sides…

President Donald Trump's combative approach to trade has been one of the constants among his often-shifting political views. And he's showing no signs of backing off now, even as the stakes intensify with the threat of a full-blown trade war between the world's two biggest…

President Donald Trump let loose with a morning round of tweets Friday that downplayed the possible consequences of his trade war with China.        Trump minimized the worth of China's purchases of U.S. goods and services, which support nearly 1 million jobs in the U.S.;…

With a ring of the opening bell, Uber began picking up passengers as a newly minted public company Friday and investors waited to bet on a service with huge potential, but a long way from turning a profit. Shares in the ride-hailing giant were sold…

U.S. President Donald Trump sent a series of tweets Friday on the escalating trade war with China, as the U.S. increased tariffs from 10% to 25% on $200 billion worth of Chinese imports that China vows to retaliate to. "We have lost 500 Billion Dollars…

The International Chamber of Commerce, the world’s largest business organization, has become the latest group to criticize a proposed change to Hong Kong law that would allow for criminal extradition to mainland China.  In a scathing letter issued to legislators Wednesday, the ICC questioned why…

A strike by Uber and Lyft drivers in cities across the United States this week caused barely a ripple to passengers looking to catch a ride, highlighting the challenges in launching a labor movement from scratch in an industry that is by nature decentralized. Activists…

U.S. and Chinese trade negotiators have ended the first of two days of talks aimed at saving a trade deal even as President Donald Trump said “We’re starting that paperwork today” for imposing new “very heavy tariffs” on Chinese products.” The United States is set…

Orlando, Florida, had 75 million visitors last year as the theme park mecca continued to be the most visited destination in the United States Orlando had 75 million visitors last year as the theme park mecca continued to be the most visited destination in the…

President Donald Trump said Wednesday U.S. automaker General Motors will invest $700 million in Ohio and create 450 jobs, selling one of its shuttered plants to a company that will produce electric trucks. "GREAT NEWS FOR OHIO!" Trump tweeted. Trump said he had talked to…

In the U.S., there's an old saying that there are only two things that are certain in life: death and taxes. But as it turns out, death is way more certain than taxes in the United States. Corporations and some wealthy individuals, including President Donald…

If a rising tide lifts all boats, then Vietnam may find that there is a related saying in economics: when the tide goes out, you will see who was swimming naked. The Southeast Asian country has fared fairly well amid the trade frictions around the…

Drivers for ride-hailing giants Uber and Lyft are turning off their apps to protest what they say are declining wages at a time when both companies are raking in billions of dollars from investors. Organizers are planning demonstrations in 10 U.S. cities Wednesday, including Chicago,…

Instead of managing livestock with her family on her Floyd, Iowa, farm, Pam Johnson would rather see tractors in her fields. “I look outside at the weather and how we should be planting right now to have optimum yields this year, and we’re kind of…

U.S. stocks slid Tuesday as escalating trade tensions between the United States and China triggered global growth fears and drove investors away from riskier assets. The Dow Jones Industrial Average posted its second-biggest daily percentage drop of the year, while the S&P 500 and Nasdaq…

German sports car maker and Volkswagen subsidiary Porsche will pay a 535-million-euro ($598 million) fine over diesel vehicles that emitted more harmful pollutants than allowed, Stuttgart prosecutors said Tuesday. "The Stuttgart prosecutor's office has levied a 535-million-euro fine against Porsche AG for negligence in quality…

U.S. Commerce Secretary Wilbur Ross said on Tuesday that American technologies and expertise could play an important role in developing India's economy, but were facing significant barriers to accessing its markets. Ross told a gathering of business leaders in New Delhi that foreign companies were…

China has confirmed that its top trade negotiator will travel to the United States to conduct a new round of trade talks later this week, even after U.S. President Donald Trump threatened higher tariffs on billions of dollars of Chinese goods after he complained the…

Farah Ballout's big, infectious smile is the first thing that greets you at her workplace, a cafe in Lebanon with a mission to do more than just brew coffee. Before she was hired, the 29-year-old — who has Angelman Syndrome, a genetic disorder that means…

Pipeline operator Ukrtransnafta said on Monday that clean Russian oil had started flowing from Belarus towards Ukraine and it was ready to resume oil exports to the European Union following a transit hiatus over contaminated crude. Flows through the Druzhba pipeline were suspended in late…

The Peruvian government passed a law on Monday aimed at closing loopholes that allow companies to avoid paying taxes, estimating it will be able to collect additional revenues equal to nearly 1 percent of gross domestic product per year. The law, which was passed by…

Boeing did not tell U.S. regulators for more than a year that it inadvertently made an alarm alerting pilots to a mismatch of flight data optional on the 737 MAX, instead of standard as on earlier 737s, but insisted on Sunday the missing display represented…

Democratic presidential candidate Bernie Sanders on Sunday proposed a sweeping agriculture and rural investment plan to break up big agriculture monopolies and shift farm subsidies toward small family farmers.   "I think a farmer that produces the food we eat may be almost as important…

U.S. President Donald Trump, looking to pressure China to speed up talks on a new trade agreement, says that starting Friday he will impose sharply higher tariffs on billions of dollars of Chinese exports to the United States. Trump wrote Sunday on Twitter: "The Trade…

U.S. employers added a robust 263,000 jobs in April, suggesting that businesses have shrugged off earlier concerns that the economy might slow this year and anticipate strong customer demand. The unemployment rate fell to a five-decade low of 3.6% from 3.8%, though that drop partly…

A White House meeting between the current U.S. president and a prominent businessman who is seeking to become president of Taiwan is causing concern.  The White House on Thursday sought to downplay any diplomatic or political sensitivities, saying President Donald Trump and Foxconn founder Terry Gou…

The Nasdaq is adding fake meat to its diet. Beyond Meat, the purveyor of plant-based burgers and sausages, made its debut on the stock exchange Thursday. It’s the first pure-play maker of vegan “meat” to go public, according to Renaissance Capital, which researches and tracks…