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Author: Ranbiz

8 more Chinese cities join Hong Kong solo travel scheme

05/11/2024 Ranbiz

HONG KONG — Eight Chinese cities have joined a program allowing their residents to travel to Hong Kong on their own, rather than as part of a tour group, as part…

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China tests European unity through Xi Jinping’s trip

05/11/2024 Ranbiz

Taipei, Taiwan — Chinese President Xi Jinping concluded his high-profile European tour Friday after signing dozens of agreements with France, Hungary and Serbia, while reiterating Beijing’s desire to enhance “mutually beneficial…

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Feds have ‘significant safety concerns’ about Ford fuel leak recall and demand answers about the fix

05/10/2024 Ranbiz

DETROIT — Federal investigators say they have “significant safety concerns” about a Ford SUV recall repair that doesn’t fix gasoline leaks that can cause engine fires. The U.S. National Highway Traffic…

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Air Vanuatu files for bankruptcy protection

05/10/2024 Ranbiz

MELBOURNE, Australia — Air Vanuatu filed for bankruptcy protection on Friday a day after the South Pacific state-owned carrier cancelled all international flights, stranding thousands of travelers. The airline on Wednesday…

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Chinese cities lift curbs on buying homes as property crisis bites 

05/09/2024 Ranbiz

Beijing — Two of China’s wealthiest cities said Thursday they would lift all restrictions on buying homes, joining a growing list of urban areas rolling back curbs as they look to…

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FTX will return money to most customers less than 2 years after catastrophic crypto collapse

05/09/2024 Ranbiz

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Xi, in France, offers few concessions on trade, support for Russia

05/07/2024 Ranbiz

LONDON — Chinese President Xi Jinping offered few concessions to his counterpart and host Emmanuel Macron as he wrapped up a two-day visit to France on Tuesday evening. Both presidents are…

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Sanctions, hobbled economy hit Iran’s traditional carpet weavers hard

05/04/2024 Ranbiz

KASHAN, Iran — The historic Kashan bazaar in central Iran once sat on a major caravan route, its silk carpets known the world over. But for the weavers trying to sell…

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Analysts: Tesla-China EV market race still tough, despite self-driving win

05/03/2024 Ranbiz

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US employers add 175,000 jobs in April

05/03/2024 Ranbiz

WASHINGTON — The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to…

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Climate change set to cut average income by 19%, report warns

05/01/2024 Ranbiz

The average income of people around the world will be cut by one-fifth because of climate change by the middle of the century, according to a new report by Germany’s…

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Survey: US consumer confidence at lowest level since 2022

04/30/2024 Ranbiz

Washington — U.S. consumers appear less optimistic about the jobs market and more worried about future financial conditions, bringing a closely watched confidence metric to its lowest level since July 2022,…

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G7 ministers: Energy storage is key to global renewable goals

04/30/2024 Ranbiz

Paris, France — G7 environment ministers committed on Tuesday to ramp up the production and deployment of battery storage technology, an essential component for increasing renewable energy and combating climate change.…

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Dubai to move international airport to $35B facility in 10 years  

04/28/2024 Ranbiz

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Long lines, frustration grow as Cuba runs short of cash

04/27/2024 Ranbiz

HAVANA — Alejandro Fonseca stood in line for several hours outside a bank in Havana hoping to withdraw Cuban pesos from an ATM, but when it was almost his turn, the…

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Georgia to host development summit; climate change, aging on agenda

04/27/2024 Ranbiz

SYDNEY — The Asian Development Bank holds its annual meeting in Tbilisi, Georgia, next week, with discussions on climate change and the world’s aging population high on the agenda. The four-day…

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US growth slowed sharply last quarter to 1.6%, reflecting economy pressured by high rates

04/25/2024 Ranbiz

WASHINGTON — The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth —…

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Popular Indian payment system faces restrictions due to China connections

04/24/2024 Ranbiz

Paytm, a popular payment app in India, faces government restrictions on business because of its Chinese connections, local media say. India is ramping up scrutiny and restrictions on other Chinese…

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US ponders trade status upgrade for Vietnam despite some opposition

04/20/2024 Ranbiz

Washington — U.S. officials are considering a request from Vietnam to be removed from a list of “nonmarket” economies, a step that would foster improved diplomatic relations with a potential ally…

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US presidential contenders differ on who’s better for economy

04/20/2024 Ranbiz

The U.S. economy is always a major factor in the presidential campaign because the president plays a key role in setting and shaping trade and economic policies. VOA’s Senior Washington…

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Chinese linked e-commerce companies shake up US market

04/19/2024 Ranbiz

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Chinese-linked e-commerce companies shake up market

04/19/2024 Ranbiz

The Chinese-operated online markets Temu and Shein are shaking up e-commerce with their extremely low prices. But the firms are facing concerns from consumers and Congress. Evie Steele has the…

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China slaps anti-dumping levy on import of a US chemical amid rising trade tensions

04/19/2024 Ranbiz

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Biden to triple tariffs on Chinese steel ahead of reelection bid

04/18/2024 Ranbiz

Washington — In response to mounting pressure from labor unions anxious about the impact of cheap Chinese exports on the U.S steel industry, President Joe Biden is poised to triple tariffs…

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Biden seeks higher tariffs on Chinese steel as he courts union voters

04/17/2024 Ranbiz

SCRANTON, Pa. — President Joe Biden is calling for a tripling of tariffs on steel from China to protect American producers from a flood of cheap imports, an announcement he planned…

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Zimbabwe’s new gold-backed currency sliding on black market

04/16/2024 Ranbiz

Harare, Zimbabwe — Zimbabwe’s recently introduced gold-backed currency is sliding on the local black market but officials insist the currency is getting stronger and has a bright future. Columbus Mavhunga reports…

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