Category: Business

Amazon and Walmart on Thursday kicked off a two-year government pilot program allowing low-income shoppers on government food assistance in New York to shop and pay for their groceries online for the first time.    ShopRite will join the two retailers on the program early…

The National Enquirer is being sold to the former head of the airport newsstand company Hudson News following a rocky year in which the tabloid was accused of burying stories that could have hurt Donald Trump's 2016 presidential campaign.    Tabloid owner American Media said…

The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the  U.S. International Trade Commission showed on Thursday.  The ITC report is a crucial step…

The U.S. trade deficit fell to an eight-month low in February as imports from China plunged, temporarily providing a boost to President Donald Trump's "America First" agenda and economic growth in the first quarter. The surprise second straight monthly narrowing in the trade gap reported…

A long-hidden trove of unpublished works by Franz Kafka could soon be revealed following a decade-long battle over his literary estate that has drawn comparisons to some of his surreal tales. A district court in Zurich upheld Israeli verdicts in the case last week, ruling…

China’s economic growth held steady in the latest quarter despite a tariff war with Washington, in a reassuring sign that Beijing’s efforts to reverse a slowdown might be gaining traction. The world’s second-largest economy expanded by 6.4% over a year earlier in the three months…

Argentine presidential hopeful Sergio Massa would renegotiate the country's unpopular financing deal with the International Monetary Fund if he wins office later this year, the former congressman told reporters on Tuesday. The $56 billion IMF standby financing agreement includes fiscal cuts that have enraged wide…

The White House is considering other possible candidates for the board of the Federal Reserve although President Donald Trump still backs his two potential nominees, Herman Cain and Stephen Moore, White House economic adviser Larry Kudlow said on Tuesday. Kudlow, speaking to reporters at the…

The Lebanese government has yet to disclose its budget for 2019, but protesters are already in the streets fearing the "difficult and painful" reforms it is expected to announce as it tries to get spending in control and rein in public debt. Retired army officers…

The African Development Bank (AfDB) promised Tuesday to invest $4.4 billion (3.89 billion euros) in infrastructure in over the next seven years. The sum will help to finance 30 projects, ranging from electricity networks and transport to information technology and communication and improve cross-border trade,…

Mexican President Andres Manuel Lopez Obrador said on Monday he will create a "Robin Hood" institute to return to the people the ill-gotten wealth seized from corrupt politicians and gangsters. His administration is drawing up a bill to create an independent "Robin Hood" institute "against…

Tiger Woods' victory at the Masters golf tournament on Sunday, his first major victory since 2008, is expected to lift sales for sponsors, broadcasters and golf courses lucky enough to host a tournament with Woods playing. The competition put the 43-year-old back on top of…

Turkey's purchase of a Russian air defense missile system should not trigger U.S. sanctions because Ankara is not an adversary of Washington and remains committed to the NATO alliance, Defense Minister Hulusi Akar said Monday. Speaking at a U.S.-Turkey conference in Washington amid rising tensions…

Ivanka Trump arrived in Addis Ababa, the capital of Ethiopia, Sunday for a summit on African women's economic inclusion and empowerment. In addition to attending the summit, the daughter of the U.S. president, who is also an advisor to her father, will meet with female…

Cryptocurrency exchanges are growing in the Philippines, despite a downturn last year in the value of the virtual currencies, due to growing popular demand and lenience among regulators. Authorities in the developing Southeast Asian country have permitted at least 29 exchanges of cryptocurrency following three…

In a twist, China has announced that it has persuaded Malaysia to resume a canceled rail project worth $10.7 billion. The sudden about-face by Kuala Lumpur, which had earlier rejected the Chinese-funded project, will be a big boost for China ahead of a Belt and…

The latest power outage started another tough week for factory owner Antonello Lorusso in the city of Valencia, once Venezuela's industrial powerhouse. For the past month, unprecedented nationwide blackouts paralyzed the factory and the rest of the country, cutting off power, water and cell service…

Amazon.com Inc Chief Executive Jeff Bezos on Thursday challenged retailers to hike their minimum wages to $16 an hour, prompting a comeback from Walmart Inc which asked its rivals to pay taxes. "Today I challenge our top retail competitors (you know who you are!) to…

Walt Disney Co on Thursday said its new family-friendly streaming service will cost $7 monthly or $70 annually with a slate of exclusive TV shows and movies from some of the world's most popular entertainment franchises in a bid to challenge the digital dominance of…

Uber Technologies Inc. has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said Thursday in its initial public offering filing.  The document gave the first comprehensive financial picture of the company, which was started in 2009 after its founders struggled…

U.S. consumer prices increased by the most in 14 months in March, but the underlying inflation trend remained benign amid slowing domestic and global economic growth. The mixed report from the Labor Department on Wednesday was broadly supportive of the Federal Reserve's decision last month…

Mexico's foreign minister on Wednesday criticized hold-ups in the flow of goods and people at the U.S-Mexico border, and said he planned to discuss the matter with U.S. Department of Homeland Security officials later in the day. After days of traffic delays at sections of…

Cloaked in black and carrying white buckets filled with artificial blood, the group filed in silence to the entrance of London's Downing Street, behind a troupe of child and teen activists. Ringing a bell as they walked, the 45 adults -- all participants in Extinction…

After generations of trawling the same waters, the fishermen on the coast of Tamil Nadu in southeastern India know where to cast a net or park a boat without resorting to signs or GPS maps. But their customary rights over this common space - a…

Rob Garver contributed to this report The top Senate Democrat says President Donald Trump's picks to fill two vacant seats on the Federal Reserve Board are unqualified for the job. Trump has nominated former pizza chain boss Herman Cain and conservative economic commentator Stephen Moore…

Boeing's orders and deliveries sank in the first quarter, with zero new orders for the 737 MAX following a worldwide grounding in March in the wake of two fatal plane crashes. The groundings forced Boeing to freeze deliveries of the MAX, which had been its…

Britain's Standard Charter Bank has agreed to more than $1 billion in fines and forfeited assets to the U.S. and New York state for violating U.S. sanctions against trade with Iran. Federal and state prosecutors said Tuesday that between 2007 and 2011, the global financial…

More families of victims of the Lion Air crash in Indonesia are suing Boeing after its chief executive apologized and said a software update for the MAX 8 jet would prevent further disasters. Family members and lawyers said Monday that CEO Dennis Muilenburg's comment last…