Category: Бізнес
For Spanish, Catalan Economies, No Winners in Standoff
29/10/2017
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 …
On Climate Change, It’s Trump vs. Markets
29/10/2017
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 …
Artisans in Mali Hope to Bring Back an Ancient Fabric Style
29/10/2017
Artisans in Mali are hoping that Bogolan, a traditional cotton fabric, will continue to fascinate Western fashion designers and provide jobs at home. VOA’s Teffera Girma Teffera and Bagassi Koura visited a small neighborhood in central Bamako where artisans are hard at work. Salem Solomon narrates. …
Weirdness, Few Tourists, Return to Key West After Irma
28/10/2017
Things are weird, as usual, in Key West. A pair of Vikings push a stroller full of stuffed chimps down Duval Street. A man with a ponytail swallows a steel sword. People dressed only in body paint and glitter wander and jiggle from bar to bar. Fantasy Fest, one of Key West’s major tourist draws …
US Economy Expands at 3 Percent Rate in Third Quarter
27/10/2017
The U.S. economy expanded at a three percent annual pace in July, August and September, about the same pace as the prior quarter. Friday’s Commerce Department data surprised economists, who thought damage from two hurricanes would cut growth to a lower level. The data show the world’s largest economy is now about 2.3 percent larger …
Who Will Be the Next Fed Chief?
27/10/2017
President Trump says he is “very close” to picking a person for the most important economic post in the country: the head of the US Federal Reserve. Current Chair Janet Yellen, whose term expires early next year, is one of at least five candidates under consideration. Regardless of the president’s choice, most analysts who spoke …
Greater Scrutiny Set for Nonimmigrant Work Visa Renewals
26/10/2017
The United States has announced changes to its nonimmigrant work visa policies that are expected to make renewals more difficult. In the past, U.S. Citizenship and Immigration Services would generally approve the renewals unless the visa holder had committed a crime. Now, renewals will face the same scrutiny as the original applications. “USCIS officers are …
Trump Ponders New Head for Federal Reserve
26/10/2017
President Donald Trump says he is “very close” to picking a person for the most important economic post in the United States, the head of the Federal Reserve. Current Chair Janet Yellen’s term expires early next year and she is one of at least five candidates for the job. Besides Yellen, the candidates include Fed …
A Tale of Tesla Seats Hints at Why So Few Cars Built
26/10/2017
Elon Musk was fed up. The seats on Tesla Inc’s new Model X SUV were a mess. An outside contractor was having trouble executing the complicated design, spurring frustration and finger-pointing between Tesla and its supplier. How would Tesla ever pull off mass production of the upcoming Model 3, the car intended to catapult the …
Ivanka Trump Promotes Expansion of Child Tax Credit at Capitol
25/10/2017
Ivanka Trump teamed up Wednesday with Republican legislators to try to ensure the tax overhaul package under construction on Capitol Hill includes an expansion of the child tax credit. The White House adviser and presidential daughter, appearing at a Capitol Hill news conference with GOP lawmakers, framed the tax credit as crucial for working families. …
Austerity to Hit Jordan as Debt Spikes, Economy Slows
25/10/2017
Jordan’s high and rising public debt has worried the International Monetary Fund and prompted a downgrade from Standard & Poor’s. So the government is planning a blast of austerity by year-end. Tax hikes and subsidy cuts —- likely to be highly unpopular —- are on the agenda as the country’s debt to GDP ratio has …
China Turning Pakistan Port Into Regional Giant
24/10/2017
An unprecedented Chinese financial and construction effort is rapidly developing Pakistan’s strategically located Arabian Sea port of Gwadar into one of the world’s largest transit and transshipment cargo facilities. The deep water port lies at the convergence of three of the most commercially important regions of the world, the oil-rich Middle East, Central Asia, and …
US Workforce to Add 11.5 Million Jobs by 2026
24/10/2017
The U.S. economy is expected add another 11.5 million jobs by 2026, as an aging population and longer life spans raise the need for health care providers. The total U.S. workforce is expected to grow to 167.6 million people. Tuesday’s projections come from the U.S. Bureau of Labor Statistics, which says job growth will accelerate …
Amazon Says It Received 238 Proposals for 2nd Headquarters
24/10/2017
Amazon said Monday that it received 238 proposals from cities and regions in the United States, Canada and Mexico hoping to be the home of the company’s second headquarters. The online retailer kicked off its hunt for a second home base in September, promising to bring 50,000 new jobs and spend more than $5 billion …
Sierra Leone to Auction Multi-Million Dollar Diamond to Benefit Poor
23/10/2017
Sierra Leone hopes to raise millions of dollars for development projects by auctioning a huge uncut diamond, believed to be one of the world’s largest, in New York in December. It will be the government’s second attempt to sell the 709-carat gem, known as the “Peace Diamond”, after it rejected the highest bid of $7.8 …
Low Inflation Could Slow Fed, but Fiscal Stimulus Unnecessary
23/10/2017
The U.S. Federal Reserve will raise interest rates in December and twice next year, according to a Reuters poll of economists, who now worry that the central bank will slow its tightening because of expectations that inflation will remain low. Most respondents expected the nation’s economy to determine future rate hikes, but a change in …
Taiwan Steps up Asia Business to Reduce Dependence on China
23/10/2017
Taiwan is offering visa waivers and setting up overseas investment offices across a swathe of countries to its south, the latest moves to deepen a rebalancing of economic relations away from political foe China. Officials in Taipei hope to foster more tourism, trade and higher education links with 18 countries covering most of South and …
Orange Is the New White? Unique Amber Wine Creates Buzz
23/10/2017
The sloping vineyards of New York’s Finger Lakes region known for producing golden-hued rieslings and chardonnays also are offering a splash of orange wine. The color comes not from citrus fruit, but by fermenting white wine grapes with their skins on before pressing – a practice that mirrors the way red wines are made. …
South African Bakery Slices Prices and Sees Sales Skyrocket
22/10/2017
A bakery in a low-income area of Johannesburg slashed prices of its popular bread, with unexpected results. What started as a way to help feed the community became a recipe for success as the bakery has a lot more business than ever. VOA’s Arash Arabasadi reports. ((NARRATOR)) …
Fed’s Powell, Economist Taylor, Yellen on Trump’s Federal Reserve List
22/10/2017
President Donald Trump is considering nominating Federal Reserve Governor Jerome Powell and Stanford University economist John Taylor for the central bank’s top two jobs, in an apparent bid to reassure markets and appease conservatives hungry for change. Under that scenario, either Powell or Taylor would take the reins from Fed Chair Janet Yellen when her …
Turkey Bank Regulator Dismisses ‘Rumors’ After Iran Sanctions Report
22/10/2017
Turkey’s banking regulator urged the public on Saturday to ignore rumors about financial institutions, in an apparent dismissal of a report that some Turkish banks face billions of dollars of U.S. fines over alleged violations of Iran sanctions. “It has been brought to the public’s attention that stories, that are rumors in nature, about our …
Era Ends: Hong Kong Stock Trading Floor to Close
21/10/2017
Hong Kong’s last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall. The bourse’s operator, Hong Kong Exchanges & Clearing, says it will close the trading hall by the end of the month and turn the space into a showcase for the city’s financial markets. …
Judge Tosses $400 Million Verdict in Cancer, Talc Powder Case
21/10/2017
A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson’s Baby Powder for feminine hygiene. The ruling by Los Angeles Superior Court Judge Maren Nelson marked the latest setback facing women …
China Set to Spend Billions on ‘One Belt One Road,’ But Some Want Focus on Poverty
21/10/2017
Running 1,300 kilometers over the world’s highest mountain pass, the “Friendship,” or Karakoram, Highway is evidence of China’s willingness to spend big as a contributor to global development. Costing tens of billions of dollars, the road links western China with Pakistan, part of Beijing’s “One Belt One Road” Initiative, which seeks to rekindle ancient Silk …
Philippines Faces More Transit Strikes Ahead of Year-end Reform Deadline
20/10/2017
A mass transit strike in the Philippines this week risks more disruptive collective action unless drivers and the government settle differences over costly upgrades to an aging yet iconic vehicle fleet, analysts say. Thousands of drivers and operators of “jeepneys” went on strike Monday and Tuesday. The government called for two days off work and …
Political Uncertainty Slows Down Kenya’s Economic Growth
20/10/2017
Kenya’s economy is expected to grow next year by 5 percent, down from a projected 6 percent, according to the International Monetary Fund. The slowdown is largely blamed on the political uncertainties related to the re-run presidential election scheduled for October 26. Mohammed Yusuf reports from Kisumu, an opposition stronghold in western Kenya. …