Category: Бізнес

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 …

Over the past year, the United States and China have clashed increasingly over trade, their visions for the world and national security. And 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 their relationship but the …

Equities around the world rose Monday as possible progress in resolving the trade dispute between the United States and China engendered some investor optimism in what has been a punishing end of year for markets. The U.S. benchmark S&P 500 stock index advanced in light trading volume after U.S. President Donald Trump said he held …

China’s factory activity shrank in December for the first time in more than two years, an official survey showed Monday, intensifying pressure on Beijing to reverse an economic slowdown as it enters trade talks with the Trump administration. The purchasing managers’ index of the National Bureau of Statistics and an industry group, the China Federation …

Kenya’s economy expanded faster in the third quarter of this year than in the same period last year due to strong performance in the agriculture and construction sectors, the statistics office said on Monday. The Kenya National Bureau of Statistics said the economy grew 6 percent in the third quarter of 2018, compared with 4.7 …

The euro currency turns 20 years old on January 1, surviving two tumultuous decades and becoming the world’s No. 2 currency. After 20 years, the euro has become a fixture in financial markets, although it remains behind the dollar, which dominates the world’s market. The euro has weathered several major challenges, including difficulties at its …

Sears Holdings Corp. Chairman Eddie Lampert submitted a $4.4 billion takeover bid for the bankrupt U.S. retailer, representing its only chance of escaping liquidation and laying off tens of thousands of workers, a spokesman for the billionaire’s hedge fund said Friday. Lampert’s bid is backed in part by $1.3 billion in financing from three different …

In South Korea’s largest shipyard, thousands of workers in yellow hard hats move ceaselessly between towering cranes lifting hulks of steel. They look like a hive of bees scurrying over a massive circuit board as they weld together the latest additions to the rapidly growing fleet of tankers carrying super-chilled liquefied natural gas across the …

Wall Street stocks finished solidly higher Thursday following a late-afternoon surge as worries over slowing economic growth gave way to bargain-hunting. The Dow Jones Industrial Average finished at 23,138.82, an increase of 1.1 percent and up some 870 points from the low point of the session. The broad-based S&P 500 climbed 0.9 percent to 2,488.83, …

Tesla Inc has registered a financial leasing company in China, a local business registration filing shows, in the latest sign the U.S. electric car maker is attempting to speed up its push into China. The California-based carmaker, led by billionaire Chief Executive Elon Musk, has opened a wholly-owned financial leasing unit in Shanghai’s free trade …

A U.S. trade delegation will go to China the week of Jan. 7, Bloomberg reported Wednesday, citing two people familiar with the matter. It will be the first time the two sides will meet face to face since U.S. President Donald Trump and China’s Xi Jinping agreed to de-escalate a trade war during a meeting in …

Wall Street notched its best day in 10 years as stocks rallied back Wednesday, giving some post-Christmas hope to a market that has otherwise been battered this December. The Dow Jones Industrial Average jumped more than 1,000 points — its biggest point-gain ever — rising nearly 5 percent as investors returned from a holiday break. …

Farmers in the Indian state of Chhattisgarh are getting back land that was taken from them more than a decade ago by the government because it was not used, a rare move in a country riven by conflict over land. Chief Minister Bhupesh Baghel of the Congress Party, which won a state election earlier this …

Japan is withdrawing from the International Whaling Commission and will resume commercial whaling next year, a government spokesman said Wednesday, in a move expected to spark international criticism. “We have decided to withdraw from the International Whaling Commission in order to resume commercial whaling in July next year,” top government spokesman Yoshihide Suga told reporters. …

U.S. stock markets fell sharply on Monday with the S&P 500 down more than two percent and the Dow off nearly three percent. President Donald Trump is blaming the Federal Reserve (central bank) for stock market declines and other economic problems. In tweets, Trump has said the only U.S. economic problem is rising interest rates. …