Category: Бізнес

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 …

Official figures show that the robust economic recovery across the 19-country eurozone persisted during the third quarter, helping unemployment fall to a near 9-year low.   Eurostat, the European Union’s statistics agency, said Tuesday that the eurozone economy grew by 0.6 percent during the July to September period. Though that’s slightly down on the stellar …

U.S. President is expected to nominate Federal Reserve Governor Jerome Powell as the next chairman of the central bank, senior administration officials said Monday. Powell is a Republican centrist who appears inclined to continue the Fed’s strategy of gradual interest rate hikes. But officials say Trump hasn’t made up his mind and could change it. …

Imagine you could swipe your phone over a piece of fish in the supermarket and instantly see secure records of its entire path through the supply chain, from the technique used by the fisherman who caught it in Indonesia to when it was shipped and how it was processed at a factory in your home …

Opening a new trade route to Afghanistan that bypasses Pakistan, India has dispatched its first consignment of wheat to the war torn country via the Iranian port of Chabahar. The strategic sea route is a significant step in bolstering trade with Kabul that has been hampered because rival Pakistan does not allow India to transport …

President Donald Trump’s plan for overhauling the U.S. tax system faced growing opposition from interest groups on Sunday, as Republicans prepare to unveil sweeping legislation that could eliminate some of the most popular tax breaks to help pay for lower taxes. Republicans who control the U.S. House of Representatives will not reveal their bill until …

Xavier Gabriel can take some credit if the tiny Catalan mountain town of Sort is one of the most famous in Spain. He runs a lottery shop called La Bruja de Oro, or The Golden Witch, in a town whose name, aptly, means “Luck” in Catalan. Its fortune in having sold many prize-winning tickets has …

At the 2015 Paris summit, world leaders pledged to take steps to avoid catastrophic climate change. This November in Bonn, Germany, U.N. negotiators will be back, working out the details of how to cut emissions of planet-warming gases. It is the first conference since President Donald Trump said the United States would withdraw from the …