Category: News

Brazil's Senate confirmed Roberto Campos Neto as central bank governor on Tuesday, after he stressed that controlling inflation and reining in public spending were critical to supporting economic growth. Much work must still be done to secure Brazil's economic recovery, Campos Neto told the Senate's…

The Federal Reserve is in "no rush to make a judgment" about further changes to interest rates, Fed Chairman Jerome Powell told U.S. lawmakers on Tuesday as he spelled out the central bank's approach to an economy that is likely slowing. In two hours of…

Turkish President Recep Tayyip Erdogan has declared war on food inflation. With food prices rising nearly 30 percent and looming critical local elections next month Erdogan is turning to unconventional methods to rein in costs. Subsidized food is being sold at distribution centers in Istanbul…

Kenya's ride-hailing company ‘Little Cab’ is expanding to Tanzania and Ghana. The company will start offering rides in Tanzania's commercial capital Dar es Salaam next week and plans to launch in Accra by May. VOA’s Mariama Diallo reports. ...

Turkish President Recep Tayyip Erdogan has declared war on inflation after food prices in the country soared by 30 percent after last year’s collapse of the Turkish currency. In a bid aimed at securing his political future, Erdogan is taking radical measures to curb price…

The old center of Benghazi lies in ruins but one shopping street has sprung up in the war-ravaged Libyan city, with sportswear and fashion stores that would not be out of place in Dubai or Istanbul. Foreign brands are tapping into residents' desire to enjoy…

Reserve Chairman Jerome Powell worked hard to strengthen ties with Congress during his first year as head of the U.S. central bank, doubling the pace of meetings with lawmakers over his predecessors and courting Democrats and Republicans alike. The value of that effort will get…

Afghanistan has started shipping goods to India for the first time through a newly developed Iranian seaport in a bid to improve exports and reduce reliance on routes through its uneasy neighbor, Pakistan. Afghan President Ashraf Ghani traveled Sunday to the western border city of…

The United States and China are discussing a meeting between their two leaders soon to finalize a trade agreement. To move things forward, the latest round of trade talks between senior officials is being extended into the weekend. As Nike Ching reports, experts say world's…

Stocks rose in major markets around the world Friday on bets of progress in trade talks between China and the United States, while crude futures hit their highest level in more than three months supported by ongoing supply cuts.  U.S. President Donald Trump said Friday that there was a very…

The Trump administration is denying and delaying more skilled-worker visa petitions than at any time since at least 2015, in keeping with its promise to increase scrutiny of foreign workers, according to data the government released on Friday. U.S. officials say they have made reforms…

U.S. President Donald Trump and Chinese Vice Premier Liu He expressed optimism Friday that the two countries would reach a trade agreement and defuse a dispute between the world's two largest economies, as both sides agreed to continue their negotiations for two more days. "I…

Analysts say a $15.4 billion write-down for food giant Kraft Heinz reflects changing consumer taste for fresh food products over processed ones. The company said Thursday the decrease in value of some of its major brands resulted in a net loss of $12.6 billion. Kraft…

From homeowners facing higher flood insurance premiums to investors putting money into coal-fired power plants, financial risks related to climate change are growing, analysts say.  But working out how a switch to lower-carbon train travel could affect an airline or what an insurance firm should do to weather more flood claims…

A Nike Inc sneaker worn by a college basketball superstar split in half less than a minute into a highly anticipated game between Duke University and North Carolina, prompting an outcry on social media as the company sought to figure out what caused the problem.…

As China and the United States resume high-level talks in Washington Thursday, there are signs that the two may be closing in on a deal. Reuters news agency is reporting that top trade officials from both sides are trying to hammer out the details of…