Category: Бізнес

US Economy Grows a Bit Faster Than First Thought

The U.S. economy expanded at a 4.2 percent annual rate in April, May and June, the Commerce Department said Wednesday. The second-quarter growth figure for gross domestic product was one-tenth of a percentage point higher than initial estimates. “The economy is in good shape,” said PNC Bank Chief Economist Gus Faucher. He wrote that this …

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US Economy Grows a Bit Faster Than First Thought

The U.S. economy expanded at a 4.2 percent annual rate in April, May and June, the Commerce Department said Wednesday. The second-quarter growth figure for gross domestic product was one-tenth of a percentage point higher than initial estimates. “The economy is in good shape,” said PNC Bank Chief Economist Gus Faucher. He wrote that this …

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Britain Seeks Ways to Continue Trading with Iran

British officials have been turning to Japan for tips on how to dodge American sanctions on Iran, according to local media. Britain is already seeking from Washington exemptions from some U.S. sanctions, which are being re-imposed by President Donald Trump because of the U.S. withdrawal earlier this year from a controversial 2015 nuclear deal with …

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Britain Seeks Ways to Continue Trading with Iran

British officials have been turning to Japan for tips on how to dodge American sanctions on Iran, according to local media. Britain is already seeking from Washington exemptions from some U.S. sanctions, which are being re-imposed by President Donald Trump because of the U.S. withdrawal earlier this year from a controversial 2015 nuclear deal with …

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US, Canada Holding Trade Talks Following US-Mexico Pact

Negotiators from Canada and the United States are holding detailed trade negotiations in Washington as they seek to work out a replacement for the North American Free Trade Agreement. The talks come after the United States and Mexico agreed to a bilateral trade deal this week while leaving the door open for Canada to join …

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US, Canada Holding Trade Talks Following US-Mexico Pact

Negotiators from Canada and the United States are holding detailed trade negotiations in Washington as they seek to work out a replacement for the North American Free Trade Agreement. The talks come after the United States and Mexico agreed to a bilateral trade deal this week while leaving the door open for Canada to join …

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China Struggles to Curb Its Reliance on US Buyers, Suppliers

Faced with plunging U.S. orders, surgical glove maker Ren Jiding is hunting for new markets amid Chinese government calls to reduce reliance on the United States. But no other market can absorb the 60 percent of his sales that went to American customers last year. “Other countries import much less than the United States,” said Ren, …

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China Struggles to Curb Its Reliance on US Buyers, Suppliers

Faced with plunging U.S. orders, surgical glove maker Ren Jiding is hunting for new markets amid Chinese government calls to reduce reliance on the United States. But no other market can absorb the 60 percent of his sales that went to American customers last year. “Other countries import much less than the United States,” said Ren, …

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After Flood, Tourism in India’s Kerala Left a Muddy Mess

More than a week after the floodwater began subsiding, animal carcasses are  still floating in Kerala’s backwaters, and in places a nauseating stench rises like a wall when the wake from a passing boat breaks the surface. These inland lagoons running parallel to the coast are one of the biggest tourist draws in India’s most …

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After Flood, Tourism in India’s Kerala Left a Muddy Mess

More than a week after the floodwater began subsiding, animal carcasses are  still floating in Kerala’s backwaters, and in places a nauseating stench rises like a wall when the wake from a passing boat breaks the surface. These inland lagoons running parallel to the coast are one of the biggest tourist draws in India’s most …

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US Congress Skeptical of Trump’s Mexico Trade Deal

President Donald Trump’s trade deal with Mexico could struggle to win approval from Congress unless Canada comes on board, lawmakers from both parties said on Tuesday, saying support from Democrats would be needed to pass a purely bilateral deal. Trump unveiled the Mexico deal on Monday and threatened to slap tariffs on Canadian-made cars if …

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Kenyatta: Kenya Wants to Boost Trade, Investment Partnership With US

Kenya’s President Uhuru Kenyatta says his country wants to increase bilateral trade with the United States and attract more U.S. investors. U.S. President Donald Trump received Kenyatta at the White House on Monday for talks that focused on trade and security. Ahead of the talks, Kenyatta told VOA African Service in an interview that his …

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Kenyatta: Kenya Wants to Boost Trade, Investment Partnership With US

Kenya’s President Uhuru Kenyatta says his country wants to increase bilateral trade with the United States and attract more U.S. investors. U.S. President Donald Trump received Kenyatta at the White House on Monday for talks that focused on trade and security. Ahead of the talks, Kenyatta told VOA African Service in an interview that his …

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Five Key Takeaways From Trump’s US-Mexico Trade Deal

The United States and Mexico agreed on Monday to a sweeping trade deal that pressures Canada to accept new terms on autos trade, dispute settlement and agriculture to keep the trilateral North American Free Trade Agreement (NAFTA). U.S. Trade Representative Robert Lighthizer said the White House was ready to notify the U.S. Congress by Friday …

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Five Key Takeaways From Trump’s US-Mexico Trade Deal

The United States and Mexico agreed on Monday to a sweeping trade deal that pressures Canada to accept new terms on autos trade, dispute settlement and agriculture to keep the trilateral North American Free Trade Agreement (NAFTA). U.S. Trade Representative Robert Lighthizer said the White House was ready to notify the U.S. Congress by Friday …

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Mexico’s Next Leader: NAFTA Deal Preserves Energy ‘Sovereignty’

Mexican president-elect Andres Manuel Lopez Obrador welcomed a deal between Mexico and the United States to overhaul the North American Free Trade Agreement (NAFTA) that he said preserved Mexican “sovereignty” in the energy sector. The U.S.-Mexico deal was announced by U.S. President Trump on Monday, putting pressure on Canada to agree to new terms and …

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Workers Protest Shutdown of Tire Maker Pirelli’s Venezuela Plant

About 100 workers protested outside tire manufacturer Pirelli’s Venezuela plant on Monday after finding the gateslocked, ten days after the country announced a broad set of reforms including a massive hike in the minimum wage. Employees were not told the plant would be shut, said union leader Luis Alvarez, who added it was not immediately …

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Workers Protest Shutdown of Tire Maker Pirelli’s Venezuela Plant

About 100 workers protested outside tire manufacturer Pirelli’s Venezuela plant on Monday after finding the gateslocked, ten days after the country announced a broad set of reforms including a massive hike in the minimum wage. Employees were not told the plant would be shut, said union leader Luis Alvarez, who added it was not immediately …

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Mexico Minister says in ‘Final Hours’ of Bilateral NAFTA Talks

Mexico’s Economy Minister Ildefonso Guajardo said on Sunday that bilateral negotiations with the United States about the North American Free Trade Agreement (NAFTA) were in the “final hours.” Speaking as he arrived for talks at the U.S. Trade Representative’s office, Guajardo said the negotiators would need at least a week to work with Canada, the …

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Mexico Minister says in ‘Final Hours’ of Bilateral NAFTA Talks

Mexico’s Economy Minister Ildefonso Guajardo said on Sunday that bilateral negotiations with the United States about the North American Free Trade Agreement (NAFTA) were in the “final hours.” Speaking as he arrived for talks at the U.S. Trade Representative’s office, Guajardo said the negotiators would need at least a week to work with Canada, the …

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Musk Says Investors Convinced Him Tesla Should Stay Public

Tesla Inc. CEO Elon Musk says investors have convinced him that he shouldn’t take the company private, so the firm will remain on the public stock markets. The eccentric and sometimes erratic CEO said in a statement late Friday that he made the decision based on feedback from shareholders, including institutional investors, who said they …

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US Commerce’s Ross Picks ZTE Monitor After Rejecting ‘Never Trump’ Lawyer

U.S. Commerce Secretary Wilbur Ross has appointed a former federal prosecutor to monitor China’s ZTE Corp — after people familiar with the matter said he rescinded an offer to a former U.S. official for signing a “Never Trump” letter before the 2016 presidential election. A new monitor for ZTE is required as part of a …

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US Commerce’s Ross Picks ZTE Monitor After Rejecting ‘Never Trump’ Lawyer

U.S. Commerce Secretary Wilbur Ross has appointed a former federal prosecutor to monitor China’s ZTE Corp — after people familiar with the matter said he rescinded an offer to a former U.S. official for signing a “Never Trump” letter before the 2016 presidential election. A new monitor for ZTE is required as part of a …

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Powell Signals More Hikes Ahead if US Economy Stays Strong

Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. Powell added that while annual inflation has risen to near the Fed’s 2 percent target rate, it doesn’t seem likely to accelerate above that point. That suggests that he doesn’t …

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Powell Signals More Hikes Ahead if US Economy Stays Strong

Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. Powell added that while annual inflation has risen to near the Fed’s 2 percent target rate, it doesn’t seem likely to accelerate above that point. That suggests that he doesn’t …

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US, China Exchange New Round of Tariffs in Trade War

A new set of tit-for-tat tariffs imposed by the United States and China on each other’s goods took effect Thursday. The U.S. announced earlier this month that it would impose 25 percent tariffs on $16 billion worth of Chinese goods, on top of the 25-percent tariffs it imposed on $34 billion worth of Chinese products …

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