Category: Бізнес

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 …

Despite President Donald Trump’s tough talk on trade at the Asia-Pacific Economic Cooperation summit in Vietnam, international business leaders say they are excited by the prospects of greater cooperation among the 21 member countries of APEC. Many believe the annual economic leaders forum, established nearly three decades ago, will become more influential in the future …

Kurdish refugee Hakki Akdeniz left Turkey in 1999 and came to New York City. At times he was homeless and often wondered where his next meal would come from. But as Saleh Damiger reports, he has more than turned his life around. …

Afghan farmers and traders in the western city of Herat are hoping saffron cultivation can help wean them off their addiction to opium production. Faith Lapidus reports. …

President Donald Trump’s two-day stop in China saw the signing of $250 billion in deals between the world’s two biggest economies and the two countries aligning themselves closer in resolute opposition to North Korea’s nuclear ambitions. But analysts say little new ground was broken on trade or North Korea, an issue that will continue to …

Donald Trump warned that the stock market was a “big, fat, ugly bubble” just weeks before he was elected. A year later, Wall Street remains on a milestone-shattering run that the president has been eager to tout and tweet about. The Standard & Poor’s 500 index, the broadest measure of the stock market, has notched …

Bicycle highways, urban farms and local energy hubs — just some of the ways that yesterday’s smokestack cities are turning into tomorrow’s green spaces. The Urban Transitions Alliance (UTA), a network that brings together cities in Germany, the United States and China, launched this week to help members learn regeneration tricks from each other. “What …

What’s Mark Zuckerberg’s biggest takeaway as he wraps up a year of travel to dozens of U.S. states? The importance of local communities. To this end, Facebook’s CEO is announcing a program to boost small businesses and give people technical skills on and off Facebook. The move shows how intertwined Facebook has become not just …

West Virginia officials announced an agreement on Thursday with China Energy Investment Corp. Ltd. for the company to invest $83.7 billion in shale gas development and chemical manufacturing in West Virginia over 20 years. State Commerce Secretary Woody Thrasher and China Energy President Ling Wen signed the memorandum in Beijing as part of the U.S.-China …