Category: Business

General Motors Co warned on Friday that higher tariffs on imported vehicles under consideration by the Trump administration could cost jobs and lead to a “a smaller GM” while isolating U.S. businesses from the global market. The administration in May launched an investigation into whether…

U.S. President Donald Trump touted the Republican tax cut plan Friday, six months after he signed it into law, saying it was strengthening the U.S. economy and helping average Americans by increasing investment, jobs and wages. "It is my great honor to welcome you back…

President Donald Trump is denying any immediate plan to withdraw the United States from the World Trade Organization (WTO). “We have been treated very badly by the WTO,” Trump said to reporters on Air Force One during a short Friday afternoon flight from Maryland to…

Canada struck back at U.S. steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) of American goods and unveiling a C$2 billion aid package for affected industries and workers. Foreign Minister Chrystia Freeland told a news conference the…

Minnesota regulators on Thursday approved Enbridge Energy's proposal to replace its aging Line 3 oil pipeline across the northern part of the state. All five members of the Public Utilities Commission backed the project, though some cited heavy trepidation, and a narrow majority later approved…

A U.S. delegation traveled to Kenya on Thursday to attend the inaugural economic summit of the American Chamber of Commerce, Kenya. About 500 delegates, including Kenyan President Uhuru Kenyatta and Gilbert Kaplan, U.S. undersecretary of commerce for international trade, other high-ranking government officials from both nations…

Importers of Iranian oil are facing pressure from the United States to find another energy source or be hit with sanctions. The Trump administration is threatening other countries, including close allies such as South Korea, with the sanctions if they don't cut off Iranian imports…

Leaders in east Africa have agreed to work together to build a single railroad and highway network to enhance integration in the region. Leaders and representatives of eight countries met in Kenya Tuesday for the 14th time to discuss the northern corridor project aimed at…

Enslaved on a Thai fishing vessel for 11 years, Tun Lin saw his fellow workers lose their minds one after another, with one fisherman jumping into the sea to end his life. Some would start murmuring or laughing to themselves as they worked day and…

Warming waters have reduced the harvest of Alaska's prized Copper River salmon to just a small fraction of last year's harvest, Alaska biologists say. The runs of Copper River salmon were so low that the Alaska Department of Fish and Game shut down the commercial…

International efforts to make it easier for garment workers in India to speak out against sexual harassment, dangerous working conditions and abuses are failing, campaigners said Tuesday. The U.S.-based certifying agency Social Accountability International (SAI) and Britain's Ethical Trading Initiative (ETI) — an alliance of…

President Donald Trump on Tuesday endorsed U.S. Treasury Secretary Steven Mnuchin's measured approach to restricting Chinese investments in U.S. technology companies, saying a strengthened merger security review committee could protect sensitive American technologies. Trump, in remarks to reporters at the White House, said the approach…

Historic levels of violent crime in Mexico have sparked a record increase in the country's car-armoring business, with an industry group predicting a double-digit jump in the number of vehicles bulletproofed this year. There were more than 25,000 murders across Mexico last year, the highest…

To treat snake bites, bathe in a tea brewed from yellow button-shaped flowers, advises Melissa Espinoza Paez as she describes the medicinal properties of Costa Rica's jungle plants, pointing out towering vines used to combat kidney problems. In the lush mountains close to the Panama…

The British Parliament has overwhelmingly approved plans to expand Europe's biggest airport after decades of debate over its potential impact. The House of Commons on Monday voted 415-119 to build a third runway at London's Heathrow Airport. Prime Minister Theresa May's Conservative government and business…

President Donald Trump has issued a warning to U.S. trading partners that unless they remove restrictions placed on American goods, they will face "more than Reciprocity by the U.S.A." "The United States is insisting that all countries that have placed artificial Trade Barriers and Tariffs…

A young, Iraqi man struggled to find work in the oil-rich city of Basra. After extensive online job searches, he had an idea to outfit his small car with a coffee machine and a giant coffee cup on the roof, turning him into a barista…

A British minister accused Airbus and other major companies of issuing "completely inappropriate" threats and undermining Prime Minister Theresa May in a sign of growing tensions with businesses leaders over Brexit. Aircraft manufacturer Airbus last week issued its strongest warning over the impact of Britain's…

U.S. Energy Secretary Rick Perry will meet Russia’s energy minister next week in Washington, a person familiar with the situation said Friday, as the two countries compete to supply global markets with natural gas and crude. Perry will meet Russia’s Energy Minister Alexander Novak on…

U.S. President Donald Trump is threatening to impose a 20 percent tariff on vehicles assembled in the European Union and shipped to the United States, in retaliation for European tariffs on American imports. On Friday, the day new EU tariffs went into effect, Trump tweeted,…

Retaliating against the Trump administration's tariffs on steel and aluminum imports, India has raised duties on 29 U.S. goods worth about $240 million. New Delhi made the announcement Thursday after Washington ignored its request to be exempted from the tariffs because its exports were tiny…

The European Union is set to impose tariffs Friday on billions of dollars worth of American goods -- including jeans, bourbon and motorcycles. The action is the latest retaliation against U.S. President Donald Trump's decision to slap import tariffs on steel and aluminum from around…

Turkey announced Thursday that it would impose tariffs on $1.8 billion worth of U.S. goods in retaliation for U.S. President Donald Trump's tariffs on steel and aluminum imports. The World Trade Organization said the new Turkish tariffs would amount to $266.5 million on products including…

A report by the U.N. special rapporteur on extreme poverty and human rights finds 40 million people in the United States live in poverty, 18.5 million live in extreme poverty and more than 5 million live in conditions of absolute poverty.  Special Rapporteur Philip Alston called…

India, the world’s biggest buyer of U.S. almonds, raised import duties on the commodity by 20 percent, a government order said, joining the European Union and China in retaliating against President Donald Trump’s tariff hikes on steel and aluminum. New Delhi, incensed by Washington’s refusal…

Maize farmers are preparing as the harvest season approaches in Tanzania’s Kondoa District.  The weather has been good and most farmers here expect bumper yields. Amina Hussein, a mother of four in Mnenia village, is testing a new way to store her harvest.   “In…

U.S. Commerce Secretary Wilbur Ross faced tough questions during a Senate hearing Wednesday on the Trump administration's tariff proposals and actions. Senators on both sides of the aisle criticized the administration's rollout of proposed tariffs on steel and aluminum imports. VOA's Elizabeth Cherneff has more…

A decent rating from Fitch this month has Vietnam riding high on the small victory, despite some of the less favorable economic trends connected to this first-of-its-kind rating. The state monopoly Vietnam Electricity, or EVN, clinched a "BB" score June 6 from Fitch Ratings, which…