Category: Бізнес

Turkish President Recep Tayyip Erdogan has declared war on inflation after food prices in the country soared by 30 percent after last year’s collapse of the Turkish currency. In a bid aimed at securing his political future, Erdogan is taking radical measures to curb price increases after accusing food sellers of excessively hiking food prices. …

A slowing economy is unlikely to crimp China’s 2019 defense budget rise, as Beijing earmarks more spending for modernization and big-ticket items like stealth jets, and focuses on Taiwan after a stern new year’s speech from President Xi Jinping. The defense spending figure is closely watched worldwide for clues to China’s strategic intentions as it …

A slowing economy is unlikely to crimp China’s 2019 defense budget rise, as Beijing earmarks more spending for modernization and big-ticket items like stealth jets, and focuses on Taiwan after a stern new year’s speech from President Xi Jinping. The defense spending figure is closely watched worldwide for clues to China’s strategic intentions as it …

Afghanistan has started shipping goods to India for the first time through a newly developed Iranian seaport in a bid to improve exports and reduce reliance on routes through its uneasy neighbor, Pakistan. Afghan President Ashraf Ghani traveled Sunday to the western border city of Zaranj to see off the inaugural convoy of 23 trucks …

The United States and China are discussing a meeting between their two leaders soon to finalize a trade agreement. To move things forward, the latest round of trade talks between senior officials is being extended into the weekend. As Nike Ching reports, experts say world’s two largest economies must bridge wide gaps as they seek …

Stocks rose in major markets around the world Friday on bets of progress in trade talks between China and the United States, while crude futures hit their highest level in more than three months supported by ongoing supply cuts.  U.S. President Donald Trump said Friday that there was a very good chance the United States would strike a deal with China …

The Trump administration is denying and delaying more skilled-worker visa petitions than at any time since at least 2015, in keeping with its promise to increase scrutiny of foreign workers, according to data the government released on Friday. U.S. officials say they have made reforms that prioritize American workers, cut down on fraud and streamline …

U.S. President Donald Trump will meet with China’s vice premier at the White House Friday as part of an ongoing effort to defuse the trade dispute between the world’s two largest economies. Representatives from both countries have engaged in talks in Washington this week under a cloud of uncertainty created by Trump’s threat to more …

Analysts say a $15.4 billion write-down for food giant Kraft Heinz reflects changing consumer taste for fresh food products over processed ones. The company said Thursday the decrease in value of some of its major brands resulted in a net loss of $12.6 billion. Kraft Heinz also announced Thursday the Securities and Exchange Commission had …

From homeowners facing higher flood insurance premiums to investors putting money into coal-fired power plants, financial risks related to climate change are growing, analysts say.  But working out how a switch to lower-carbon train travel could affect an airline or what an insurance firm should do to weather more flood claims is neither clear nor simple, they say.  Help may be …

Oil-rich Venezuela’s near economic collapse may make it easier for U.S.-backed opposition leaders to reverse socialist policies instituted by late President Hugo Chavez, if they are able to oust his successor, Nicolas Maduro, according to analysts. “I do think at the very beginning, because the Venezuelan people have suffered so much there, they’re going to …

Oil-rich Venezuela’s near economic collapse may make it easier for U.S.-backed opposition leaders to reverse socialist policies instituted by late President Hugo Chavez, if they are able to oust his successor, Nicolas Maduro, according to analysts. “I do think at the very beginning, because the Venezuelan people have suffered so much there, they’re going to …

Zimbabwe could run out of bread in a week after flour stocks dwindled due to the country’s failure to pay for imported wheat, according to a confidential letter written to bakers by the country’s grain millers’ group on Monday. The southern African nation is in the grip of a severe shortage of U.S. dollars that …

Zimbabwe could run out of bread in a week after flour stocks dwindled due to the country’s failure to pay for imported wheat, according to a confidential letter written to bakers by the country’s grain millers’ group on Monday. The southern African nation is in the grip of a severe shortage of U.S. dollars that …

Germany and France on Tuesday launched a drive to overhaul the European Union’s competition rules to facilitate the creation of world-leading companies. They pushed forward a project to create a car battery consortium aimed at catching up with Asian rivals. A German-French “manifesto for a European industrial policy fit for the 21st century” agreed on …

Germany and France on Tuesday launched a drive to overhaul the European Union’s competition rules to facilitate the creation of world-leading companies. They pushed forward a project to create a car battery consortium aimed at catching up with Asian rivals. A German-French “manifesto for a European industrial policy fit for the 21st century” agreed on …

India’s thermal coal imports could rise by about 10 percent in 2019 due to rail transport problems and other logistical bottlenecks, an executive at the country’s largest coal trader Adani Enterprises said on Tuesday. Thermal coal imports rose in 2018 after two years of decline, despite moves by Prime Minister Narendra Modi’s government to cut …

India’s thermal coal imports could rise by about 10 percent in 2019 due to rail transport problems and other logistical bottlenecks, an executive at the country’s largest coal trader Adani Enterprises said on Tuesday. Thermal coal imports rose in 2018 after two years of decline, despite moves by Prime Minister Narendra Modi’s government to cut …

Chinese President Xi Jinping met Friday with members of the U.S. trade delegation in Beijing where China and the U.S. are attempting to hammer out a trade deal. U.S. Treasury Secretary Steven Mnuchin posted on Twitter Friday that he and U.S. Trade Representative Robert Lighthizer had “productive meetings with China’s Vice Premier Liu He.” Another …

Mexico’s new government is trying to slash the cost of sending cash home for Mexican families living abroad and is hoping competition from “fintechs” (financial technology) will encourage banks and services like Western Union to reduce commissions and improve exchange rates. Deputy Finance Minister Arturo Herrera said the government did not plan to place new …

A top White House economic adviser is expressing confidence in the current U.S.-China trade negotiations in Beijing. “The vibe in Beijing is good,” National Economic Council Director Larry Kudlow told reporters Thursday at the White House.  Kudlow provided few details but said the U.S. delegation led by Trade Representative Robert Lighthizer is “covering all ground” …

Amazon.com Inc abruptly scrapped plans to build a major outpost in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by state and city politicians. The company said Thursday it did not see consistently “positive, collaborative” relationships with state and local officials. …

Some taxpayers are getting a bitter surprise this year as their usual annual tax refunds have shrunk — or turned into tax bills — even though President Donald Trump loudly promised them largest tax cut “in American history.” And with tax season under way, thousands of unhappy taxpayers have been venting their displeasure on Twitter, …

Some taxpayers are getting a bitter surprise this year as their usual annual tax refunds have shrunk — or turned into tax bills — even though President Donald Trump loudly promised them largest tax cut “in American history.” And with tax season under way, thousands of unhappy taxpayers have been venting their displeasure on Twitter, …

The Somali government says it will award exploration licenses to foreign oil companies later this year, despite calls from the opposition to wait until laws and regulations governing the oil sector are in place. Seismic surveys conducted by two British companies, Soma Oil & Gas and Spectrum Geo, suggest that Somalia has promising oil reserves …

A new report finds the world’s unemployment rate has dropped to five percent, the lowest level since the global economic crisis in 2008. The International Labor Organization reports the jobs being created, however, are poor quality jobs that keep most of the world’s workers mired in poverty. Slightly more than 172 million people globally were …