Los Angeles — For more than two decades, the low rent on Marina Maalouf’s apartment in a blocky affordable housing development in Los Angeles’ Chinatown was a saving grace for her…
more ...Portugal looks to put new twist on cork industry
Mozelos, Portugal — Portugal, the world’s leading cork producer, is finding new uses for the material, from footwear to furniture, as demand for wine bottle stoppers wanes. Producers highlight the environmentally…
more ...US dockworkers to suspend strike until January
detroit — The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports reached a deal Thursday to suspend a three-day strike until January 15 to provide time to…
more ...US town divided by factory deal as candidates compete to be toughest on China
In the American Midwest, a local fight over a Chinese electric vehicle battery factory reflects broader controversy over Chinese investments in the U.S. VOA’s Calla Yu reports on how the…
more ...Cambodia’s new canal could boost trade but risks harming key river
PREK TAKEO, Cambodia — The Mekong River is a lifeline for millions in the six countries it traverses on its way from its headwaters to the sea, sustaining the world’s largest…
more ...Zimbabwe currency plunges after central bank move to allow more flexibility
Harare, Zimbabwe — The value of Zimbabwe’s gold-backed currency plunged 44% Friday on the official market. The sudden drop of the gold backed currency, known as ZiG, began Friday shortly after…
more ...Oxfam: ‘Oligarchy’ of super-rich undermining cooperation to tackle poverty, climate change
As world leaders gather for the annual United Nations General Assembly in New York this week, the charity Oxfam says they are being undermined by what it calls a ‘global…
more ...Oxfam: ‘Oligarchy’ of super-rich undermining cooperation to tackle poverty, climate change
London — As world leaders gather for the annual United Nations General Assembly in New York this week, the charity Oxfam says they are being undermined by what it calls a…
more ...Harris promises tax breaks, investments for US manufacturers
PITTSBURGH — U.S. Vice President Kamala Harris said on Wednesday she would offer tax credits to domestic manufacturers and invest in sectors that will “define the next century,” as she detailed…
more ...US Justice Department sues Visa, saying it monopolizes debit card markets
NEW YORK — The U.S. Justice Department filed an antitrust lawsuit against Visa on Tuesday, alleging that the financial services behemoth uses its size and dominance to stifle competition in the…
more ...Sri Lanka’s new leader appoints cabinet ahead of expected snap polls
Colombo, Sri Lanka — Sri Lanka’s new leftist president appointed his Cabinet Tuesday ahead of an expected snap parliamentary election as he prepares to renegotiate the bankrupt island nation’s unpopular International…
more ...German economy expected to contract again in 2024, say sources
Berlin — Germany’s leading economic institutes have downgraded their forecast for 2024 and now see Europe’s largest economy shrinking by 0.1%, people familiar with the figures from the autumn joint economic…
more ...Biden administration seeks to ban Chinese, Russian tech in most US vehicles
New York — The U.S. Commerce Department said Monday it’s seeking a ban on the sale of connected and autonomous vehicles in the U.S. that are equipped with Chinese and Russian…
more ...Eurozone business activity slumps after Olympics boost
Brussels, Belgium — Eurozone business activity declined for the first time in seven months in September, as France lost steam after the end of the Paris Olympic Games, a key survey…
more ...Investor focus turns to data, election, earnings after Fed rate cut
NEW YORK — A roaring rally in U.S. stocks will face a gauntlet of economic data, looming political uncertainty and a corporate earnings test in coming weeks as investors navigate one…
more ...Wall Street – Investor focus turns to data, election, earnings after Fed rate cut
NEW YORK — A roaring rally in U.S. stocks will face a gauntlet of economic data, looming political uncertainty and a corporate earnings test in coming weeks as investors navigate one…
more ...Nigeria’s inflation rate dips, but Nigerians still feel the pinch
ABUJA, NIGERIA — The high inflation rate in Nigeria dropped slightly in August, but a decline in the value of the nairia and a continued increase in fuel prices are eroding…
more ...German minister: VW must solve most of its problems alone
Frankfurt, Germany — Germany wants to support Volkswagen and help it avoid factory closures but the ailing car giant will have to fix most of its problems itself, Economy Minister Robert…
more ...Asian stocks follow Wall Street’s rate cut rally higher
HONG KONG — Asian stocks surged Friday with Japan’s Nikkei leading regional gains after Wall Street romped to records following the Federal Reserve’s big cut to interest rates. U.S. futures and…
more ...Biden says Fed made ‘declaration of progress’ with interest rate cut
WASHINGTON — President Joe Biden said Thursday the Federal Reserve’s decision to lower interest rates was “an important signal” that inflation has eased as he characterized Donald Trump’s economic policies as…
more ...Over 100 striking Samsung workers detained by Indian police for planning march
CHENNAI, India — Police on Monday detained 104 striking workers protesting low wages at a Samsung Electronics plant in southern India as they were planning a protest march without permission, with…
more ...Air Canada, pilots’ union reach tentative agreement to avoid shutdown
OTTAWA, Ontario — Air Canada and the union representing its pilots have come to terms on a labor agreement that is likely to prevent a shutdown of Canada’s largest airline. Talks…
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