Category: Бізнес

Pro-trade Republicans in the U.S. Congress are growing worried that U.S. President Donald Trump may try to quit the NAFTA free trade deal entirely rather than negotiate a compromise that preserves its core benefits. As a fifth round of talks to modernize the North American Free Trade Agreement kicked off in Mexico on Friday, several …

The head of Canada’s biggest private-sector union headed to Mexico’s Senate on Friday, promising to fight at the NAFTA trade pact talks for improved Mexican wages and free collective bargaining as a way of benefiting workers across North America. The issue of tougher labor standards has emerged as a key sticking point in the talks …

From $7 for a Rohingya refugee to $750 for a North Korean “slave wife,” human rights activists have voiced concerns that it is becoming increasingly easy to enslave another human being as the cost plummets. The average modern-day slave is sold for $90-100 compared to the equivalent of $40,000 some 200 years ago, said Kevin …

Puerto Rico could face more than a decade of further economic stagnation and a steep drop in population as a result of Hurricane Maria, experts say. The stark estimates were presented this wee to members of a federal control board overseeing finances of a U.S. territory that is already in the 11th year of a …

Radioactive waste continues to pour from Exelon’s Illinois nuclear power plants more than a decade after the discovery of chronic leaks led to national outrage, a $1.2 million government settlement and a company vow to guard against future accidents, an investigation by a government watchdog group found. Since 2007, there have been at least 35 …

After more than a decade of making cars and SUVs — and, more recently, solar panels — Tesla Inc. wants to electrify a new type of vehicle: big trucks. The company unveiled its new electric semitractor-trailer Thursday night near its design center in Hawthorne, California. CEO Elon Musk said the semi is capable of traveling …

The Venezuelan government and its state-owned oil company PDVSA have officially defaulted on billions of dollars’ worth of bonds, the latest chapter of the country’s deep financial collapse.  The International Swaps and Derivatives Association, a group of banks and brokers that determines whether an entity like Venezuela has failed to make on-time payments on its …

Megacities of the future will boast high-speed rail, superfast broadband, and green energy systems — but experts Thursday said they were failing to leave space for one thing: girls. Proposed by leaders worldwide, so-called Smart Cities are being built to cater for a growing global middle class but risk leaving girls without safe areas to …

Zimbabwe’s economy has been hammered by political unrest, soaring inflation, a shortage of foreign cash, a trade deficit and many other problems. Residents say the economic turbulence has driven thousands of people out of the country and makes daily life challenging. But an economic analyst says Zimbabwe has an educated workforce and a battered-but-functional infrastructure …

If you’re wealthy and you want to buy an airplane, no matter how big, you want to go to the biennial Dubai Air Show. There, you will find everything, from a small two-seater to a diamond-encrusted jet. Aircraft manufacturers say business is booming as more and more rich people try to avoid crowded commercial flights. …

Mexico shot down a proposal by the United States to include provisions in the North America Free Trade Agreement that would benefit AT&T, Mexico’s Economy Minister Ildefonso Guajardo said Wednesday. “AT&T, which is North American, asked its government to reflect its interests in the negotiation,” Guajardo said in an interview on local radio without specifying …

U.S. airline Alaska Airlines on Tuesday said it would discontinue a daily flight between Los Angeles and Havana, Cuba, after Jan. 22, due to the recent changes in Cuba travel policies by the U.S. government. The U.S. government made it tougher last week for Americans to visit Cuba and do business in the country, making …

Sudan is taking steps to close the gap between its official and unofficial currency rates and scrap subsidies by end-2019 to win foreign investment after U.S. sanctions ended, Minister of State for Finance Magdi Hassan Yassin told Reuters on Tuesday. Washington last month suspended 20-year sanctions and lifted a trade embargo because it decided that …

U.S. Commerce Secretary Wilbur Ross said on Tuesday that he believes NAFTA negotiations will produce “some sort” of a deal for President Donald Trump to evaluate but repeated his warnings that the United States will walk away from the trade pact if key problems are unresolved. Ross, speaking before the start of a fifth round …

General Electric’s new Chief Executive John Flannery on Monday outlined steps that will turn the biggest U.S. industrial conglomerate into a smaller, more focused company, surprising some investors who sold the company’s shares to a five-year low. Flannery’s plan to shrink GE’s multi-industry array of businesses was a reversal of the deal-driven empire building of …

Mexico’s government is preparing a macroeconomic response in case U.S. President Donald Trump makes good on threats to quit the North American Free Trade Agreement (NAFTA), an event which could wreak havoc on the Mexican economy and hurt the peso. Mexico’s Foreign Minister Luis Videgaray said on Monday the government and central bank were preparing …

Promoted as needed relief for the middle class, the Senate Republican tax overhaul would increase taxes for some 13.8 million moderate-income American households, a bipartisan analysis showed Monday. The assessment by Congress’ nonpartisan Joint Committee on Taxation emerged as the Senate’s tax-writing committee began wading through the measure, working toward the first major revamp of …

The European Union has approved economic sanctions, including an arms embargo on Venezuela. EU foreign ministers meeting in Brussels announced the measures on Monday in response to regional elections last month, which they say worsened the country’s crisis. The weapons ban is intended to prevent the government of President Nicolas Maduro from purchasing military equipment …

Flying drones are nothing new in the skies, but online retailers have been investing in them as a way to deliver goods faster and to those in hard-to-reach rural areas. But the automation doesn’t stop there. Arash Arabasadi reports. …

While climate change is being discussed this week in Germany, it’s being felt by farmers and ranchers around the world. But it’s hitting subsistence farmers in places like Uganda particularly hard. VOA’s Kevin Enochs reports. …

Venezuela’s foreign debt renegotiation committee will meet with creditors at 2 p.m. (1800 GMT) on Monday at the government’s “White Palace” in downtown Caracas, the finance minister said on Saturday. “Once again, we invite investors to register their participation in this meeting,” Simon Zerpa, who is also the finance boss of state oil company PDVSA …

Emirates Airlines agreed to buy 40 Boeing 787-10s in a deal worth more than $15 billion. The purchase was announced Sunday at the Dubai Air Show by the largest airline in the Middle East. Deliveries of the wide-body, twin-engine planes are set to begin in 2022. Boeing’s website says the aircraft typically carries 330 passengers …

West Virginia could produce profitable niche crops grown on reclaimed mine sites. At least that’s what Nathan Hall, president of Reclaim Appalachia envisions. Hall spoke about uses for reclaimed sites at the West Virginia Good Jobs Conference last Tuesday at Tamarack. The goal of the conference is to bring together entrepreneurs, funders, local community leaders …

Luber Faneitte has lung cancer but there’s no medicine to treat it. She cannot make ends meet. Crime is rampant in her neighborhood. And she fears that if Venezuela defaults on its $150 billion debt, which is considered likely, things will get worse. Faneitte, 56, lives on the 18th story of a decrepit building in …

Afghanistan has received an inaugural consignment of wheat from India through an Iranian port, opening a new trade and transit route for the landlocked nation that bypasses neighboring Pakistan. The strategic sea route, officials say, will help improve trade and transit connectivity between Kabul and New Delhi. It will also potentially give India access to …

U.S. President Donald Trump heaped praise on Vietnam Saturday, saying the southeast Asian nation is “one of the great miracles of the world.” Trump’s remarks were made at a state banquet in the capital of Hanoi, the latest event on his five-country Asian tour. Trump, who arrived in Hanoi Saturday, told dignitaries he toured parts …