Category: Business

There were no fireworks on Wall Street for the last trading day of the year, as U.S. stocks closed out their best year since 2013 on a down note, with losses in technology and financial stocks keeping equities in negative territory for the session. Major…

When the 55-year-old woman stood up to speak at a meeting of shoemakers in south India earlier this month, she was seeing her employers for the first time. She told them about the decades she had spent hunched up in her home, repeatedly pulling a…

President Donald Trump returned to a favorite target Friday, saying that the U.S. Postal Service should charge Amazon.com more money to ship the millions of packages it sends around the world each year.    Amazon has been a consistent recipient of Trump's ire. He has…

Officials in the Philippines, one of Asia’s fastest growing economies, are planning a series of economic stimulus measures in 2018 to ease poverty and compensate for a lag in foreign investment. Manila is building $169 billion in infrastructure, such as railways and an airport terminal,…

United Parcel Service Inc is on track to return a record number of packages this holiday shipping season, a sign that e-commerce purchases surged to new heights over the past month. The world's largest package delivery company and rival FedEx Corp get paid by retailers…

When you think about fine wine, what countries come to mind? France? Italy? What about China? Well, by 2020, China could become the world’s second-largest wine consumer, behind the United States. That’s according to a report by Vinexpo, a leading wine exhibition. VOA’s Chu Wu…

Airbus is drawing up contingency plans to phase out production of the world’s largest jetliner, the A380 superjumbo, if it fails to win a key order from Dubai’s Emirates, three people familiar with the matter said. The moment of truth for the slow-selling airliner looms…

The global fight over land and resources is getting increasingly bloody and the race for control of valuable assets is expanding from forests and indigenous territories to the seas, space and databanks. Here are five hotspots for property rights in 2018: 1. Rising violence: From…

There was no way Jose Ramon Garcia, a food transporter in Venezuela, could afford new tires for his van at $350 each. Whether he opted to pay in U.S. currency or in the devalued local bolivar currency at the equivalent black market price, Garcia would…

The sauvignon blanc boasts brassy, citrus notes, but with one whiff, it's apparent this is no normal Sonoma County wine. It’s infused with THC, the psychoactive ingredient in marijuana that provides the high.  Move over, pot brownies. The world’s largest legal recreational marijuana market kicks…

Authorities in eastern Libya have announced a conference in March to drum up support to rebuild the country's second-largest city Benghazi heavily damaged during three years of fighting between military forces and Islamist fighters. The announcement signals a desire to demonstrate a return to normality…

Oil moved higher above $65 a barrel on Tuesday, within sight of its highest since mid-2015, supported by an explosion on a crude pipeline in Libya and voluntary OPEC-led supply cuts. The move towards restart of a key North Sea pipeline, Forties, capped the rally.…

Sudan is to devalue its currency to 18 Sudanese pounds per dollar in January from the current exchange rate of 6.7, the finance minister said on Tuesday. The International Monetary Fund urged Sudan earlier this month to float its currency to boost growth and investment,…

Many Rohingya refugees in Bangladesh facing diminished income are supplementing their needs with work in the camps. Steve Sandford talks to a few young and old entrepreneurs who have set up new businesses in the refugee zones. ...

Israel's markets regulator said on Monday he will propose regulation to ban companies based on bitcoin and other digital currencies from trading on the Tel Aviv Stock Exchange (TASE). Shmuel Hauser, the chairman of the Israel Securities Authority (ISA), told the Calcalist business conference he…

Management experts are always coming up with innovative ideas to improve the work environment, inspire employees and raise productivity. Big companies in Germany, like Lufthansa, Siemens, Daimler, BMW and Volkswagen's Audi, are bringing harmony to the workplace by having symphony orchestras and encouraging employees to…

In 2017, China's Xi Jinping rose to become the country's most powerful leader in decades. And as he shoulders more responsibility, analysts say the government in Beijing is likely to take more risks in 2018 at home and overseas, even as it deals with economic…

Americans are traveling in record numbers this season, according to the American Automobile Association's (AAA) annual estimate, which forecasts more than 107 million will travel by road, rail or air between now and the start of 2018. Despite higher gas prices, travel volume is expected…

Nestle, which sells Arrowhead bottled water, may have to stop taking millions of gallons of water from Southern California's San Bernardino National Forest because state regulators concluded it lacks valid permits.   The State Water Resources Control Board notified the company on Wednesday that an…

Bitcoin plunged by a quarter to below $12,000 on Friday as investors dumped the cryptocurrency in manic trading after its blistering ascent to a peak close to $20,000 prompted warnings by experts of a bubble. It capped a brutal week that had been touted as…

For retailers, Christmas can be a make or break season, but for a small Czech family owned business, Christmas means it is time to start looking ahead to next Christmas. VOA's Kevin Enochs reports. ...

The U.N. Security Council is expected to vote Friday on another round of targeted sanctions aimed at further restricting North Korea's crude oil imports, which fuel its illicit weapons programs. The proposed sanctions come in response to Pyongyang's November 28 launch of a newly developed…

Papa John's founder John Schnatter will step down as CEO next month, about two months after he publicly criticized the NFL leadership over national anthem protests by football players — comments for which the company later apologized. Schnatter will be replaced as chief executive by…

Construction of a long-awaited Thai-Chinese railway line that will link Thailand, Laos and China officially began on Thursday with a ground-breaking ceremony in the northeastern Thai province of Nakhon Ratchasima. The first phase of the project, a 250-km (155 mile) high-speed rail line linking Bangkok…

This remote town in Peru's southern Andes was supposed to serve as a model for how companies can help communities uprooted by mining. Named Nueva Fuerabamba, it was built to house around 1,600 people who gave up their village and farmland to make room for…

The United States needs to encourage domestic production of a handful of minerals critical for the technology and defense industries, and stem reliance on China, U.S. Interior Secretary Ryan Zinke said Tuesday. Zinke made the remarks at the Interior Department as he unveiled a report…

Greece's parliament on Tuesday approved the 2018 state budget, which includes further austerity measures beyond the official end of the country's third international bailout next summer.    All 153 lawmakers from the left-led governing coalition backed the budget measures in a late vote, while the…

One of the most prominent people convicted in Latin America's largest corruption scandal left prison Tuesday for house arrest after serving two-and-a-half years behind bars at a time when many Brazilians are becoming disillusioned with the graft investigation once hailed as a political game-changer. Marcelo…