Category: Business

The U.S. on Wednesday reported its biggest increase in consumer prices in a year, pushing stocks lower in early trading. The consumer price index, which follows the costs of household goods and services, advanced by a half percentage point in January, up from two-tenths of…

Electric powered bicycles, known as “e-bikes,” are a common sight among New York’s immigrant delivery workers, who consider the bikes a necessity to make a living wage. The problem is, they’re illegal to operate in the city, creating a dilemma for these immigrants who feel…

As a student, Leah Wangari imagined a glamorous life as a globe-trotting flight attendant, not toiling in dirt and manure.   Born and raised in Kenya's skyscraper-filled capital, Nairobi, the 28-year-old said farming had been the last thing on her mind. The decision to drop…

Brasilia - It is one of the most expensive areas in the Brazilian capital - and one of the most sacred. A plot in downtown Brasilia - known as Santuário dos Pajés or Shrine of the Shamans - is at the center of a conflict…

In her village of Komalia, the fog swirls so thick at 7 a.m. that Akansha Singh can see no more than 15 meters ahead. But the 20-year-old is already cycling to her workplace, nine kilometers away. Halfway there she stops for two hours at a…

Valentine's Day is probably the most romantic holiday. In the United States, with people sending 190 million Valentine's Day cards and spending around $100 per person on gifts. Instead of going out for a restaurant dinner for the holiday, a new idea is taking hold.…

General Motors said Tuesday it will close an underutilized factory in Gunsan, South Korea, by the end of May as part of a restructuring of its operations.   The move is a setback for the administration of President Moon Jae-in, who has made jobs and…

Companies selling some of the most lucrative prescription painkillers funneled millions of dollars to advocacy groups that in turn promoted the medications' use, according to a report released Monday by a U.S. senator. The investigation by Missouri's Senator Claire McCaskill sheds light on the opioid…

It's a long way from Abidjan in the Ivory Coast to the interstate highway near Chicago where trucker Mamoudou Diawara relishes the advantages that come with traveling the open road. "Trucking is the freedom," Diawara says. "It is the freedom and the money is right.…

President Donald Trump is proposing a $4 trillion-plus budget for next year that projects a $1 trillion or so federal deficit and — unlike the plan he released last year — never comes close to promising a balanced federal ledger even after 10 years. And…

The invention of a machine that removes pumpkin seeds from the shell and sorts them is being celebrated in Cameroon as traders hope to boost production of the commodity in the Central African Country. Mariama Diallo reports. ...

Federal investigators are still looking at how CSX railway crews routed an Amtrak train into a parked freight train in Cayce, South Carolina, last weekend. But even if CSX should bear sole responsibility for the accident, Amtrak will likely end up paying crash victims’ legal…

Increasing demand for long-haul truckers in the United States is drawing more African immigrants onto America's roads. VOA's Arzouma Kompaoré hitched a ride with African truckers whose routes to success stretch across the United States. ...

There are growing fears that Britain could be headed for a so-called cliff-edge exit from the European Union, as big differences remain between Brussels and London over the shape of any deal. It comes as Japan warns its businesses may pull out of Britain if…

OxyContin maker Purdue Pharma LP said Saturday that it has cut its sales force in half and will stop promoting opioids to physicians, following widespread criticism of the ways that drugmakers market addictive painkillers. The drugmaker said it will inform doctors Monday that its sales…

It's been a tough week on Wall Street. The Dow Jones Industrial average closed more than 300 points higher Friday, after plunging more than 1,000 points the day before, the second steepest decline in history. The biggest dive happened Monday when the blue chip index…

U.S. stocks slumped Friday afternoon after opening higher in the last trading session of a turbulent week in which the Dow Jones industrial average and the Standard & Poor's 500 Index plunged into correction territory for the first time in two years. The Dow, the…

Kenya's cut-flower industry has blossomed since the 1980s, and now holds the biggest market share for exports to Europe. Kenya's flower producers are hoping direct flights set to open between Nairobi and New York City could help them put down roots in a new market…

U.S. stocks tumbled again Thursday as investors continued to fret about the possibility of rising inflation and higher interest rates.  For the second time in four days, the Dow Jones industrial average sank more than 1,000 points, or 4.2 percent, to end Thursday day at…

China’s export growth accelerated in January amid mounting trade tension with Washington while imports surged as factories stocked up ahead of the Lunar New Year holiday. Exports rose 11.1 percent compared with a year earlier to $200.5 billion, up from December’s 10.9 percent growth, trade…

Dutch lender Rabobank’s California unit agreed Wednesday to pay $369 million to settle allegations that it lied to regulators investigating allegations of laundering money from Mexican drug sales and organized crime through branches in small towns on the Mexico border. The subsidiary, Rabobank National Association,…

The rollercoaster ride continued in financial markets Tuesday, with sharp swings rocking major indexes from Asia, Europe and North America. The volatility intensified just a day after the steepest drop on Wall Street on Monday, after the Dow Jones Industrial index plunged nearly 1,200 points. But…

In the heartland of the tequila industry, in Mexico's western state of Jalisco, a worsening shortage of agave caused by mounting demand for the liquor from New York to Tokyo has many producers worried. The price of Agave tequilana, the blue-tinged, spiky-leaved succulent used to…

Peru’s trade minister defended China as a good trade partner on Tuesday, after U.S. Secretary of State Rex Tillerson warned Latin American countries against excessive reliance on economic ties with the Asian powerhouse. Eduardo Ferreyros said Peru’s 2010 trade liberalization deal with China had allowed…

U.S. stock prices fluctuated wildly Tuesday after regaining ground following a sharply lower open on the heels of selloffs earlier in the day in Asia and Europe. The volatility continued unabated one day after The Dow Jones Industrial Average shed the most points in one…

China's decision last month to ban the import of certain types of waste and crack down on "foreign garbage" has had a ripple effect worldwide, forcing countries to quickly rethink their waste strategies. That includes China, where its own fight against recycled waste has only…

The U.S. trade deficit hit the highest level in nine years in 2017, defying President Donald Trump's efforts to bring more balance to America's trade relationships.   The Commerce Department said Tuesday that the trade gap in goods and services rose to $566 billion last…

Venezuela's central bank on Monday announced a devaluation of more than 99 percent of its official exchange rate with a new foreign exchange platform. The central bank said the first auction of its new DICOM system yielded an exchange rate of 30,987.5 bolivars per euro,…