Category: Бізнес

The “Paradise Papers,” millions of confidential documents on offshore investments that were leaked this week, have shed light on the financial affairs of world leaders such as Queen Elizabeth II and the president of Colombia. They also cite several prominent politicians in the world’s fourth largest country, Indonesia, including children of its famously corrupt late dictator Suharto, …

The European Commission said Wednesday it wants to cut emissions of carbon dioxide from cars by 30 percent by 2030 and boost the use of electric vehicles by making them cheaper and easier to charge.   The proposal stops short of imposing fixed quotas for emission-free vehicles and is more modest than goals already set …

Emerging nations pressed developed countries Wednesday to step up cuts in greenhouse gas emissions by 2020 to kick-start the Paris climate agreement, saying the rich were wrongly focused on 2030 goals. “We came here needing to hit the accelerator, not the brakes,” Brazil’s chief negotiator Antonio Marcondes told Reuters on the sidelines of the November …

An independent analysis has concluded the U.S. tax overhaul being advanced by Republican leaders in the House of Representatives would add $1.7 trillion to the country’s debt during the next decade, about $259 billion more than previously assumed. The Congressional Budget Office analysis was released Wednesday as lawmakers continue to consider an array of proposals …

Players line up beside a small kiosk in a poor neighborhood to choose animals in a lottery game that has become a craze in Venezuela even as the oil-rich country suffers a fourth year of brutal recession. It seems more and more Venezuelans are turning to gambling in their desperation to make ends meet amid …

The U.S. Senate Banking Committee unanimously backed new sanctions targeting Chinese banks that do business with North Korea on Tuesday, just before President Donald Trump visits Beijing for the first time since taking office. As well as strengthening existing sanctions and congressional oversight, the measure will target foreign financial institutions — in China and elsewhere …

Inflation in Venezuela’s crisis-hit economy was 826 percent in the 10 months to October and may end 2017 above 1,400 percent, the opposition-controlled National Assembly said Friday. The government stopped releasing price data more than a year ago but congress has published its own figures since January and they have been close to private economists’ …

The restive Spanish region of Catalonia faces a potential $500 million financial hit in the fourth quarter as business-related travel dips following the attack in Barcelona and the uncertainty generated by the disputed independence referendum.   In an interview Monday with The Associated Press at the World Travel Market in London, Catalonia’s top tourism official …

Two weeks ago the glitzy Ritz Carlton hotel in Riyadh was the site of an international conference promoting Saudi Arabia as an investment destination, with over 3,000 officials and business leaders attending. Now the hotel is temporarily serving as a luxury prison where some of the kingdom’s political and business elite are being held in …

A revamping of the Federal Reserve’s leadership is widening with the announcement Monday that William Dudley, president of the New York Fed and the No. 2 official on the Fed’s key interest rate panel, will retire next year.   Just last week, President Donald Trump chose Fed board member Jerome Powell to replace Janet Yellen …

Wireless carriers Sprint and T-Mobile called off a potential merger, saying the companies couldn’t come to an agreement that would benefit customers and shareholders. The two companies have been dancing around a possible merger for years, and were again in the news in recent weeks with talks of the two companies coming together after all. …

U.S. President Donald Trump urged Saudi Arabia Saturday to list its state-owned oil company on the New York Stock Exchange when the company goes public in what is expected to be the largest-ever initial public offering in which shares of a company are sold to investors. “Would very much appreciate Saudi Arabia doing their IPO …

The recent flurry of social and economic reform coming out of Saudi Arabia has left some Saudis ecstatic, others more circumspect, and a few conservatives bewildered or even angry. Saudi Crown Prince Mohammed Bin Salman told a crowd of investors at a conference in late October that he was merely attempting to “return Saudi Arabia …

For Yu Kaiguang, harsh new United Nations sanctions on North Korea are a disaster. The trader in the Chinese border city of Dandong has seen business all but dry up, and he spends his days scrambling to obtain payment from the suddenly broke North Korean state companies to whom he sold on credit. “They have …

A solid rebound for the job market in October as the U.S. economy added 261,000 jobs. Job gains were strong across the board, and the unemployment rate fell to 4.1 percent, its lowest level in 17 years. But, as Mil Arcega reports, American workers are not seeing any real growth in their wages. …

Economic growth in sub-Saharan Africa is expected to rebound this year from 20-year lows in 2016, according to the International Monetary Fund’s biannual report. The Washington-based organization warns that, despite the modest recovery, public debt is continuing to rise and could soon become unsustainable in some African countries. Henry Ridgwell has more. …

Japan is deepening its influence in the Philippines to vie with regional rival China, a welcome boost for an infrastructure overhaul program in the relatively poor Southeast Asian country and for Japanese geopolitical ambitions. Philippine President Rodrigo Duterte met Japanese Prime Minister Shinzo Abe earlier this week to discuss “concrete, time-bound and specific ways to …

President Donald Trump is making his mark on the US Federal Reserve, naming former investment manager and central bank governor Jerome Powell to replace Janet Yellen, whose term expires in February. If confirmed by the Senate, the next chairman of the Federal Reserve will oversee U.S. monetary policy and maintain the stability of the world’s …

The iPhone X’s lush screen, facial-recognition skills and $1,000 price tag are breaking new ground in Apple’s marquee product line.   Now, the much-anticipated device is testing the patience of consumers and investors as demand outstrips suppliers’ capacity.   Apple said Thursday that iPhone sales rose 3 percent in the July-September quarter, a period that …

As a choice to lead the Federal Reserve, Jerome Powell defies any recent mold. He isn’t a trained economist. He’s produced no trail of research. He built a fortune as an investment manager. Yet by the reckoning of Fed analysts — those who know him and those who don’t — Powell is equipped to lead …

The U.S. Department of Commerce on Thursday set final duties on Canadian softwood lumber after finding that imports had been being unfairly subsidized and dumped in the United States, escalating a trade dispute with Canada in the midst of NAFTA trade talks. The decision imposed anti-dumping and anti-subsidy duties affecting about $5.66 billion worth of …

A small city in the American Midwest is home to immigrants and refugees from 40 nations — and a blossoming ethnic restaurant scene. As VOA’s June Soh reports, Columbus, Ohio’s taste buds and economy are both benefiting. …

Facebook reported better-than-expected quarterly profit and revenue on Wednesday as it pushed further into video advertising, showing no sign of financial damage from the controversy over how Russia used the social network in an attempt to sway voters in the 2016 U.S. election. The company’s shares, which hit a record earlier in the day, initially …

President Donald Trump is expected to name Jerome Powell as the new head of the U.S. central bank. Trump is scheduled to formally announce the pick Thursday in the White House Rose Garden. “I think you will be extremely impressed by this person!” he teased in a Twitter post.   WATCH: Who Will Be the …

ExxonMobil has promised to upgrade pollution controls at eight of its manufacturing facilities along the U.S. Gulf Coast under an agreement it reached with federal authorities. The petrochemical giant will spend about $300 million to install pollution controls at the plants to settle allegations that it violated U.S. environmental law by failing to properly monitor …

The co-owner of a Fifth Avenue skyscraper controlled by the family of Jared Kushner says demolishing the tower to build luxury apartments is not practical and the building will likely remain as offices.   Vornado Realty Trust CEO Steven Roth told investors on Tuesday that the Kushner family’s plan to raise billions from investors to …