Category: Бізнес

Nissan Cancels Plans to Make SUV in UK

Nissan announced Sunday it has cancelled plans to make its X-Trail SUV in the UK — a sharp blow to British Prime Minister Theresa May, who fought to have the model built in northern England as she sought to shore up confidence in the British economy after it leaves the European Union. Nissan said it …

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Robust US Job Market Likely Defied Shutdown

U.S. employers likely kept adding jobs at a healthy pace in January even in the face of threats ranging from weakening global growth to the Trump administration’s trade war with China to the partial shutdown of the government. On Friday, the Labor Department will issue the monthly employment report, the first major economic report to …

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Hit by Sanctions, Asia’s Iran Crude Oil Imports Drop to 3-Year Low in 2018

Iranian crude oil imports by Asia’s top four buyers dropped to the lowest volume in three years in 2018 amid U.S. sanctions on Tehran, but China and India stepped up imports in December after getting waivers from Washington. Asia’s top four buyers of Iranian crude — China, India, Japan and South Korea — imported a …

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Ghirardelli, Russel Stover Fined over Chocolate Packaging

Ghirardelli and Russell Stover have agreed to pay $750,000 in fines after prosecutors in California said they offered a little chocolate in a lot of wrapping. Prosecutors in Sacramento, San Joaquin, Shasta, Fresno, Santa Cruz and Yolo counties sued the candy makers, alleging they misled consumers by selling chocolate products in containers that were oversized …

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Trump Order Asks Federal Fund Recipients to Buy US Goods

President Donald Trump will sign an executive order Thursday pushing those who receive federal funds to “buy American.” The aim is to boost U.S. manufacturing. Peter Navarro, director of the White House National Trade Council, told reporters during a telephone briefing the policies are helping workers who “are blue collar, Trump people.” Later he amended …

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Need for Speed: Carts on Rails Help Manila’s Commuters Dodge Gridlock

Thousands of commuters flock to Manila’s railway tracks every day, but rather than boarding the trains, they climb on to wooden carts pushed along the tracks, to avoid the Philippine capital’s infamous traffic gridlock. The trolleys, as the carts are known, most of them fitted with colorful umbrellas for shade from the sun, can seat …

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Rising-Star Philippine Economy Slips, 2019 Seen as Pivotal

The Philippines ranked among Asia’s 10 fastest growing economies in 2017. Consumer power, remittances from overseas workers and an influx of call centers had given it that status, raising hopes for easing rampant poverty. Then GDP expansion wobbled in 2018 because of rising prices and lack of new direct investment. Now state spending on new …

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Brazil’s Vale Eyed Dam Design Changes in 2009

Brazilian miner Vale SA identified concerns around its tailings dams in 2009 and studied but did not implement several steps that could have prevented or lessened the damage from last week’s deadly disaster, according to a corporate presentation seen by Reuters.      A tailings dam, used to store the muddy detritus of the mining …

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Apple Opens New Chapter Amid Weakening iPhone Demand

Apple hoped to offset slowing demand for iPhones by raising the prices of its most important product, but that strategy seems to have backfired after sales sagged during the holiday shopping season. Results released Tuesday revealed the magnitude of the iPhone slump – a 15 percent drop in revenue from the previous year. That decline …

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US Announces Sanctions on Venezuela’s State-Owned Oil Company

The U.S. has imposed sanctions on Venezuela’s state-owned oil company, PdVSA, in an increased effort to pressure Nicolás Maduro to relinquish power to Juan Guaidó, now recognized by the U.S. and a number of other nations as the country’s legitimate president. VOA’s diplomatic correspondent Cindy Saine reports from the State Department. …

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Brazil Eyes Management Overhaul for Vale After Dam Disaster

Brazil eyes management overhaul for Vale after dam disaster Brazil’s government weighed pushing for a management overhaul at iron ore miner Vale SA on Monday as grief over the hundreds feared killed by a dam burst turned into anger, with prosecutors, politicians and victims’ families calling for punishment. By Monday night, firefighters in the state …

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Report: ‘Food Shocks’ Increasing in Frequency Over Last Five Decades

Food shocks, or sudden losses of crops, livestock or fish, due to the combination extreme weather conditions and geopolitical events like war, increased from 1961 to 2013, said researchers at The University of Tasmania in a report released Monday. Researchers saw a steady increase in shock frequency over each decade with no declines. The report, …

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Leaders Skip Davos Amid Domestic Troubles, Anti-Globalist Backlash

The World Economic Forum summit in Davos, Switzerland, that wrapped up Friday, had some notable absentees, including U.S. President Donald Trump. With a backlash against a perceived ruling elite gaining ground in many countries, analysts say some leaders steered clear of a gathering often seen as an inaccessible club for the world’s super-rich. Others argue it is vital …

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Germany to Phase Out Coal by 2038  

A government-appointed commission laid out a plan Saturday for Germany to phase out coal use by 2038.    The commission — made up of politicians, climate experts, union representatives and industry figures from coal regions — developed the plan under mounting pressure on Europe’s top economy to step up efforts to combat climate change. “This …

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Commission: Put People First in Drive to Automate Jobs

The world of work is going through a major transformation. Technological advances are creating new jobs and at the same time leaving many people behind as their skills are no longer needed. A new study by the International Labor Organization’s Global Commission on the Future of Work addresses the many uncertainties arising from this new …

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At Davos, Nearly half WTO Members Agree to Talks on new e-Commerce Rules

Impatient with the lack of World Trade Organization rules to cover the explosive growth of e-commerce, 76 countries and regions agreed on Friday to start negotiating this year on a set of open and predictable regulations. The WTO’s 164 members were unable to consolidate some 25 separate e-commerce proposals at the body’s biennial conference at …

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US House Republican Introduces Bill to Grant Trump More Tariff Power

A Republican U.S. representative on Thursday introduced White House-drafted legislation that would give President Donald Trump more power to levy tariffs on imported goods in an effort to pressure other countries to lower their duties and other trade barriers. The measure offered by Representative Sean Duffy, which has been touted by Trump administration officials, has …

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EU’s Malmstrom: Europe Should be More Ambitious on Climate Change

European Trade Commissioner Cecilia Malmstrom said on Thursday that Europe should be more ambitious on issues such as climate change as a way to unite the bloc around a single vision. “We need a great debate on the future of Europe,” she said in a wide-ranging debate at the World Economic Forum in Davos on …

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EU Calls for Tougher Checks on Golden Visa Applicants

The European Union on Wednesday warned countries running lucrative schemes granting passports and visas to rich foreigners to toughen checks on applicants amid concern they could be flouting security, money laundering and tax laws. EU countries have welcomed in more than 6,000 new citizens and close to 100,000 new residents through golden passport and visa …

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Best and Worst Jobs of the Future

The hottest job of the future might be app developer. All you have to do is look at what you’re holding in the palm of your hand to figure out why. “All of us use our cellphones probably more than we should be every day, and that is what is driving the demand for app …

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Davos Annual Meeting Open Amid Trade Wars, Slow Growth and Brexit

The annual World Economic Forum opened today in Switzerland against a backdrop of anxieties over trade disputes, Brexit and a growth slowdown that some fear could tip the world economy. VOA’s Mariama Diallo reports. …

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Minister: Nigeria to Recommend 50 Percent Hike in Minimum Wage

Nigeria is to send a bill recommending a national minimum monthly wage rise of 50 percent to 27,000 naira ($88) to lawmakers in the national assembly, the labor minister said on Tuesday. Cost of living is a major campaign issue ahead of a presidential election on 16 February and unions want the minimum wage to …

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Brazil’s Nationalist Leader to Address Davos Globalist Crowd

Brazilian President Jair Bolsonaro will headline the first full day of the World Economic Forum in Davos, Switzerland, with a speech to political and business leaders.   The nationalist leader is attending an event that has long represented business’s interest in increasing ties across borders. But globalism is in retreat as populist leaders around the …

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Economists: Political Uncertainties, Trade Tensions Affect Economic Growth

Economists warn that political uncertainties and trade tensions could undermine global economic growth. Rights groups warn of the dangers of growing economic inequality. About 3,000 political and economic leaders have gathered in the Swiss resort town of Davos to discuss global business and economic trends at an annual economic forum. VOA’s Zlatica Hoke reports. …

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UN Forecasts Global Economic Growth Around 3 Percent in 2019

The United Nations is forecasting that the global economy will grow by around 3 percent in 2019 and 2020, but says waning support for multilateralism, escalating trade disputes, increasing debt and rising climate risks are clouding prospects The United Nations is forecasting that the global economy will grow by around 3 percent in 2019 and …

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UK Leader Unveils Brexit Plan B, Looks a Lot Like Plan A

British Prime Minister Theresa May unveiled her Brexit Plan B on Monday — and it looks a lot like Plan A. May launched a mission to resuscitate her rejected European Union divorce deal, setting out plans to get it approved by Parliament after securing changes from the EU to a contentious Irish border measure. May’s …

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