Category: Бізнес

Young people from around the world who provided low-cost child care for American families will share in a proposed $65.5 million settlement of a lawsuit brought by a dozen former au pairs against the companies that bring the workers to the United States.    Nearly 100,000 au pairs, mostly women, who worked in American homes …

China approved five genetically modified (GM) crops for import on Tuesday, the first in about 18 months in a move that could boost its overseas grains purchases and ease pressure from the United States to open its markets to more farm goods. The United States is the world’s biggest producer of GM crops, while China …

Venezuela’s opposition-run congress on Tuesday issued a resolution calling deals between state-run oil company PDVSA and U.S. and French companies announced this week illegal, since they had not been sent to lawmakers for approval. The body said the oilfield deals with France’s Maurel & Prom and little-known U.S. company Erepla violated article 150 of Venezuela’s constitution, …

The World Bank is downgrading its outlook for the global economy this year, citing rising trade tension, weakening manufacturing activity and growing financial stress in emerging-market countries. In a report titled “Darkening Skies,” the anti-poverty agency said Tuesday that it expects the world economy to grow 2.9 percent in 2019, down from the 3 percent …

Hospitals in Zimbabwe are turning away patients as a strike by doctors enters its sixth week. There is no end in sight to the strike, as President Emmerson Mnangagwa’s government says it cannot meet the doctors’ demands. The Parirenyatwa Group of Hospitals, Zimbabwe’s largest treatment center, is largely empty as a doctors’ strike that began …

U.S. Commerce Secretary Wilbur Ross said there is “a very good chance” that the United States and China will reach a trade agreement.  Ross told CNBC he is hopeful such a deal would address “all the key issues.” Working-level trade talks between the United States and China began Monday in Beijing with negotiators for the …

Mexican President Andres Manuel Lopez Obrador said on Monday that his crackdown against fuel theft was yielding positive results, even as the intervention sparked severe fuel shortages in parts of the country and long lines of angry motorists. In a bid to eliminate years of mounting theft, state oil firm Pemex has changed its distribution, …

India’s cabinet on Monday backed proposals to reserve 10 percent of government jobs for Indians outside the higher income brackets, a plan the main opposition party suggested was an attempt by the government to lure back voters as an election nears. The initiative is expected to mainly benefit the upper echelons of India’s centuries-old Hindu …

U.S. Commerce Secretary Wilbur Ross predicted on Monday that Beijing and Washington could reach a trade deal that “we can live with” as officials from the world’s two largest economies resumed talks in a bid to end their trade dispute. Ross told CNBC the immediate trade issues would be easiest to tackle while enforcement issues …

The trappings of success continue to arrive for K-pop sensation BTS, the latest a contract with the toy company Mattel which secured rights to produce dolls of the boy band. And Mattel is not beyond riding those K-pop coattails. Shares of Mattel Inc. spiked almost 9 percent Monday, a day after the toymaker announced a …

A U.S. trade delegation has arrived in Beijing. The group is in China to hold two days of talks, beginning Monday, focusing on how best to carry out an agreement reached by U.S. President Donald Trump and Chinese President Xi Jinping to postpone new tariff hikes. On December 1, the two leaders agreed to complete …

China has sounded a positive note ahead of trade talks this week with Washington, but the two sides face potentially lengthy wrangling over technology and the future of their economic relationship. Both sides have expressed an interest in settling their tariff fight over Beijing’s technology ambitions. Yet neither has indicated its stance has changed since …

A surge in U.S. job creation and some reassuring words from the head of the U.S. central bank sent U.S. stocks soaring Friday.   The Labor Department reported a net gain of 312,000 jobs in December, far more than economists predicted. The unemployment rate, however, rose slightly, to 3.9 percent. Many analysts said the rising unemployment …

Marriott International Inc said Friday that fewer than 383 million customer records were stolen in a massive cyberattack disclosed last month, down from its initial estimate that up to 500 million guests were affected. The hotel operator also said that some 25.55 million passport numbers were stolen in the attack on the Starwood Hotels reservation …

It sounds like a Hollywood caper: A group of investors and officials convince European banks to loan a total of $2 billion to a resource-rich African nation trying to rebuild after a bruising civil war.   The money promptly disappears, and then this caper turns tragic.  The government doesn’t learn of the loans until three …

Herb Kelleher, who changed the airline industry by helping create and lead Southwest Airlines, a low-fare carrier that made air travel more accessible to the masses, has died. He was 87.    Southwest confirmed that Kelleher died Thursday.    Kelleher was a lawyer in San Antonio when a client came to him in the late …

Three former Credit Suisse Group AG bankers were arrested in London on Thursday on U.S. charges that they took part in a $2 billion fraud scheme involving state-owned companies in Mozambique, a spokesman for U.S. prosecutors said. Andrew Pearse, Surjan Singh and Detelina Subeva were charged in an indictment in Brooklyn, New York federal court …

Stock markets around the globe dropped Thursday after tech giant Apple said that sales of its devices had fallen sharply in China last month, perhaps signaling a broader slowing in the world economy. The widely watched Dow Jones industrial average of 30 prominent U.S. stocks plunged 2.8 percent — more than 660 points — by …

The sweet aroma of mutton smoke drifts through a maze of crumbling alleyways, a barbecue tang that for decades has lured meat-eaters from across Pakistan to the frontier city of Peshawar. The ancient city, capital of northwestern Khyber Pakhtunkhwa province, has retained its reputation for some of Pakistan’s tastiest cuisine despite bearing the brunt of …

New Brazilian President Jair Bolsonaro issued an executive order Wednesday making the Agriculture Ministry responsible for decisions concerning lands claimed by indigenous peoples, in a victory for agribusiness that will likely enrage environmentalists. The temporary decree, which will expire unless it is ratified within 120 days by Congress, strips power over land claim decisions from …

Lawyers for South Koreans forced into wartime labor have taken legal steps to seize the South Korean assets of a Japanese company they are trying to pressure into obeying a court ruling to provide them compensation. Lawyer Lim Jae-sung said Thursday the court in the city of Pohang could decide in two or three weeks …

When Mahmoud Othman tried to figure a way to save his cafe business in the beleaguered Gaza Strip, he was amazed by online videos of tourists in Turkey getting fish pedicures. That got him thinking and a unique idea was born. After getting Israeli approval, he recently imported hundreds of Garra rufa fish, a species …

Many of today’s jobs did not exist 10 years ago. And a decade from now, technology’s march will likely replace many jobs of today. Jennail Chavez, 25, said it was a mid-life crisis that brought her to a noisy classroom where sounds of hammering and sawing surrounded her. She was working at a warehouse and …

Many of today’s jobs did not exist 10 years ago. And a decade from now, technology will likely replace some jobs we do today. What can workers do when machines become a prominent part of almost every industry? VOA’s Elizabeth Lee finds out from a technical college in Los Angeles. …

Think of public spaces in big cities, and formal parks, bustling markets and grand squares come to mind. Think again. In the Georgian capital of Tbilisi, residents have redrawn the map and come up with innovative ways for locals to congregate in their ancient and fast-changing city. A boxing ring was built on a bridge. …

During the past year, the United States and China have clashed increasingly over trade, their visions for the world and national security. In 2019, the question of whether the world’s two biggest economies can work out a trade deal is something that is set to have an impact not only on their relationship, but the …