Category: Business

Even though the United States is one of the richest and most technologically advanced countries in the world, about 45 million Americans live below the poverty line. In Buffalo, New York, a once-prosperous city that has fallen on hard-times, one-third of its residents live in…

Germany’s struggling Deutsche Bank is slashing thousands of jobs as it reshapes its stocks trading operation and refocuses its global investment banking business on its European base. The bank said Thursday it would cut its workforce from 97,000 to “well below” 90,000 and that the…

Amazon, Starbucks, Vulcan and other companies have pledged a total of more than $350,000 toward an effort to repeal Seattle's newly passed tax on large employers intended to combat homelessness. Just days after the Seattle City Council approved the levy, the No Tax On Jobs…

Starbucks Corp. on Wednesday revealed details of the employee anti-bias training program that will take place behind closed doors at 8,000 U.S. company-owned cafes on the afternoon of May 29. Starbucks announced plans to shutter stores and corporate offices to train 175,000 employees after the…

U.S. President Donald Trump said on Wednesday “a different structure” is needed in trade negotiations with China, but he did not provide further details on the kind of change he seeks. “Our trade deal with China is moving along nicely,” Trump said in his Twitter…

Households are feeling more stable, small businesses are making money and many expect to expand and hire in the coming year, signs of continued optimism in two key parts of the economy, the Federal Reserve reported Tuesday in a pair of annual surveys. Among more…

The Trump administration is preparing to publish on Thursday long-delayed proposed rule changes for the export of U.S. firearms, a State Department official said on Tuesday. The rule changes would move the oversight of commercial firearm exports from the U.S. Department of State to the…

U.S. President Donald Trump said Tuesday "there is no deal" yet to lift the seven-year ban on the sale of American-made components to the giant Chinese telecommunications company ZTE, but that there might be a settlement as part of ongoing trade talks between the world's…

Glancing constantly at his rear view mirror, truck driver "El Flaco" journeys the highways of Mexico haunted by the memory of when he was kidnapped with his security detail by bandits disguised as police officers two years ago. Back then, El Flaco, who spoke on…

U.S. President Donald Trump says American farmers will be big beneficiaries of more trade with China. "Under our potential deal with China, they will purchase from our Great American Farmers practically as much as our Farmers can produce," Trump said Monday on Twitter. In another…

China's state media are playing up what it says is a trade war truce and de-escalation in tensions after negotiators from Washington and Beijing agreed to hold off on tariffs and “substantially reduce” the U.S. trade deficit. However, economists and business leaders argue that there is…

Washington is digesting China’s stated intention to purchase more American goods and reduce the trade imbalance between the two countries. VOA’s Michael Bowman reports, last week’s talks between U.S. and Chinese negotiators did not yield specific commitments from Beijing in dollar figures, sparking criticism from…

South Korea’s fourth-largest conglomerate, LG Group, said its Chairman Koo Bon-moo did Sunday. Koo, 73, had been struggling with an illness for a year, LG Group said in a statement. “Becoming the third chairman of LG at the age of 50 in 1995, Koo established…

The United States and China agreed to take measures to reduce the U.S. trade deficit in goods by having China purchase more American goods, particularly agriculture and energy products, according to a joint statement the two nations released Saturday. "There was a consensus on taking effective measures to substantially reduce…

India and the European Union have given the World Trade Organization lists of the U.S. products that could incur high tariffs in retaliation for U.S. President Donald Trump's global tariffs on steel and aluminum, WTO filings showed Friday. The EU said Trump's steel tariffs could…

China has dropped an anti-dumping investigation and given long awaited approval for the sale of Toshiba's memory chip business, in gestures that could suggest a thaw between Beijing and the U.S. as trade talks resumed in Washington. The Commerce Ministry said Friday ended the probe…

The European Commission is proposing that EU governments make direct money transfers to Iran's central bank to avoid U.S. penalties, an EU official said, in what would be the most forthright challenge to Washington's newly reimposed sanctions. The step, which would seek to bypass the…

Switzerland’s government has requested a report into the risks and opportunities of launching its own cryptocurrency, a so-called “e-franc” that would use technology similar to privately launched coins like bitcoin but have backing of the state. The lower house of the Swiss parliament must now…

The United States sought on Thursday to further choke off funding sources for Iranian-backed Hezbollah, imposing sanctions on its representative to Iran, as well as a major financier and his five companies in Europe, West Africa and the Middle East. The U.S. Treasury said Mohammad…

The United Nations is forecasting that the global economy will expand by more than 3 percent this year and next year — but it warns that increasing risks could trigger "a shock to investment and trade" and a sharp drop to 1.8 percent growth in…

Iranian state TV is reporting that the country has signed an agreement with a British consortium to develop an oil field, just as another major company, France's Total, says it will withdraw from Iran because of the renewed U.S. sanctions. The new agreement is the…

The European Union has called on U.S. President Donald Trump's administration to stop threatening it with tariffs on steel and aluminum, saying Thursday it is prepared to discuss trade — but not at gun-point.   In March, Trump slapped tariffs of 25 percent on steel imports…

President Donald Trump says the United States has not “folded” in trade negotiations with China as both countries get set for another round of meetings. “We have not seen China’s demands yet,” Trump tweeted Wednesday. “The U.S. has very little to give because it has…

President Mauricio Macri said Wednesday that Argentina's currency crisis is over, speaking as the country's currency rebounded somewhat and prices for its stocks and bonds rose.   Macri announced last week that Argentina was seeking a financing deal with the International Monetary Fund following a…

Amsterdam unveiled far-reaching plans Wednesday to rein in tourism, reflecting the dissatisfaction of many residents who feel the city's historic center has been overrun. The leading Green-Left and other parties negotiating a new municipal government after March elections vowed to return "Balance to the City," in a document of…

Four years ago, Maeve Taylor and her husband decided to quit their jobs and move their family across the United States to start an organic dairy farm in New York. The couple used a federal loan to buy 35 cows and started to learn their…

Malaysia's new government to scrutinize past economic policies under the now ousted Najib Razak administration is prompting analysts to warn of a slide in investment and growth in one of Southeast Asia's top economies. The new leadership has appointed a group of prominent citizens, an eminent…

Most U.S. insurance companies have not adapted their strategies to address the dangers of climate change, making them likely to raise rates or deny coverage in high-risk areas, said a study released Tuesday. With predictions of an above-average Atlantic hurricane season approaching, thousands of people…