Category: Business

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…

President Donald Trump is increasingly reliant upon economic sanctions to achieve his foreign policy goals, despite a repeated emphasis that the use of military force remains a viable option.  However, these coercive measures, analysts say, have not produced their intended results, and at times have…

The United States and China are nearing a trade deal that would roll back a portion of the $250 billion in U.S. tariffs on Chinese goods, Politico reported on Wednesday after U.S. Treasury Secretary Steven Mnuchin said the two countries completed "productive" talks in Beijing.…

Higher salaries, better working conditions, maternity leave, minimum wage and an end to discrimination against temporary or foreign workers: These were among the concerns as hundreds of thousands of union members and labor activists rallied around the world to mark May Day. The tradition of…

Higher salaries, better working conditions, maternity leave, minimum wage and an end to discrimination against temporary or foreign workers: These were among the concerns as hundreds of thousands of union members and labor activists rallied around the world to mark May Day. The tradition of…

Major cities around the world have ramped up security, increasing police presence and even using drones to monitor crowds expected at May Day rallies. International Workers' Day, which is commonly known as May Day, celebrates the international labor movement on the first day of May…

France has set more ambitious targets to cut carbon emissions by 2050 but few measures will take effect on President Emmanuel Macron's watch as the "yellow vest" protest movement limits his scope for environmental protection. A draft new "energy transition law," presented to cabinet on…

Warren Buffett’s Berkshire Hathaway Inc committed $10 billion on Tuesday to Occidental Petroleum Corp’s $38 billion cash-and-stock bid for Anadarko Petroleum Corp, boosting its chances of snatching a deal from Chevron Corp. Occidental and Chevron are locked in the biggest oil-industry takeover battle in years…

The Trump administration is ready to provide more federal aid to farmers if required, a White House adviser said on Monday, after rolling out up to $12 billion since last year to offset agricultural losses from the trade dispute with China. "We have allocated $12…

Palm oil plantations in Liberia are billed as bringing jobs and development but actually leave locals poorer, said a Liberian lawyer who won the prestigious Goldman Environmental Prize on Monday. The U.S.-based Goldman Environmental Foundation gives the prize — often known as the Green Nobel…

Mexican President Andres Manuel Lopez Obrador on Monday symbolically launched work on a new airport for Mexico City to replace the nearly half-built $13 billion project he cancelled upon taking office.   Lopez Obrador promised the new Felipe Angeles airport northeast of the capital won't…

The International Monetary Fund is forecasting Iran's economy to shrink by 6% this year as it faces pressure from U.S. sanctions. In a report released Monday, the IMF said its estimates for Iran, which include the potential for inflation to top 40%, predate a U.S.…

While many people have office jobs, working inside an office is not for everybody. And these days in the U.S. more people are turning to gig work — temporary jobs that allow them to work from home, hold multiple jobs and have flexible hours. More…

U.S. President Donald Trump urged Japanese Prime Minister Shinzo Abe to have Japanese automakers produce more vehicles in the United States, according to a readout of their recent meeting provided Saturday by the U.S. ambassador to Japan. The two discussed recent public announcements by Japanese automakers, including…

Uber Technologies Inc., the world's largest ride-hailing company, plans an initial public offering that values the company lower than the startup's insiders had hoped, between $80.5 billion and $91.5 billion.  The valuation, outlined in a regulatory filing Friday, is less than the $120 billion that investment bankers told Uber last…

Wisconsin Gov. Tony Evers and Foxconn Technology Group officials are talking about making changes to the contract signed in 2017 that was based on constructing a larger display screen manufacturing facility than is now proposed.    But neither side is giving details. So how might…

The U.S. Trade Representative said on Thursday it has added Pinduoduo.com, China's third-largest e-commerce platform, to its "notorious markets" list for a proliferation of counterfeit products, as the agency also called out China as a priority to watch for intellectual property rights concerns. In its…

Brent oil rose above $75 per barrel on Thursday for the first time this year as quality concerns forced the suspension of some Russian crude exports to Europe while the United States prepared to tighten sanctions on Iran. Brent crude futures were at $75.24 by…

South Korea’s economy unexpectedly shrank in the first quarter, marking its worst performance since the global financial crisis, as government spending failed to keep up the previous quarter’s strong pace and as companies slashed investment.  The shock contraction reinforced financial market views that the central…

Facebook Inc on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a lid on the costs of making its social networks safer, and set aside $3 billion to cover a settlement with U.S. regulators, calming investors who had worried…