Voice of America : Economy (39)

For Moms Heading Back to Work, ‘Returnships’ Offer a Path Forward

How does a former stay-at-home mom become an employee of a tech company that could be worth more than $1 billion? For Ellein Cheng, mom to a 5½- and a 2½-year-old, the answer involved a “returnship.” So-called returnships are internships that target men and women who have been out of ...

Fitch Upgrades Greece's Credit Rating

Fitch Ratings has upgraded Greece's credit rating from CCC to B-, a one-notch improvement that still leaves the bonds issued by the crisis-battered country well below investment grade. The ratings agency said Friday that the outlook of the Greek economy was positive and that it expected talks with ...

Entrepreneurs Hope Pence’s Latin America Trip Sparks Ideas

More public backing for innovation, more idea exchanges to nurture global trade and more stability. That’s what two transnational entrepreneurs hope will result from U.S. Vice President Mike Pence’s travels this week to Latin America, where he has promoted prosperity, security and ...

At NAFTA Talks, Businesses Eager to Say: Do No Harm

Steps away from this week’s NAFTA trade negotiations, business unified in hopes of sending a singular message: do no harm. Representatives from the United States, Canada and Mexico convened behind closed doors at a Washington hotel in an effort to strike a new North American Free Trade ...

Auto Groups Side with Canada, Mexico on NAFTA Origin Rules

Auto industry groups from Canada, Mexico and the United States are pushing back against the Trump administration's demand for higher U.S. automotive content in a modernized North American Free Trade Agreement. At talks underway this week in Washington, automaker and parts groups from all three ...

US VP Pence: US Wants Increased Trade with Latin America

U.S. Vice President Mike Pence said on Thursday that Washington wants more trade and investment with Latin America, pushing back against perceptions in the region that the Trump administration has an isolationist agenda. Speaking during a visit to the Panama Canal at the end of a Latin American ...

Rural America Braces for Labor Shortages After Immigration Crackdown

At CareerLink, the state job agency in Gettysburg, Pennsylvania, custodial worker and former welder Glenn Hendrickson was looking to change careers. Hendrickson was just beginning his search for a new line of work and he did not yet know what would pique his interest. But he for sure wasn’t ...

With Congo Finances Collapsing, Desperate Government Has Few Options

As Congo's government was soliciting urgent help from Western donors and the International Monetary Fund last month to contain an economic crisis, the chairman of the state mining company brought an unusual guest to the prime minister's office. It was Raymond O'Leary, a vice president from Russia's ...

Investors Exhibit 'More Signs of Fatigue Than Euphoria'

Here's how much hope and expectation has been built into the stock market: Big companies are healthy and making fatter profits than Wall Street expected, yet it's barely enough to keep the market from falling. Consider Home Depot, which gave an earnings report on Tuesday that was seemingly ...

Business Owners Without Legal Status in US Face Tense Days

Maribel Resendiz and her husband came to the U.S. from Mexico, sold cool drinks to workers in the tomato fields of South Florida and eventually opened a bustling shop in a strip mall offering fruit smoothies and tacos. Now she is preparing for the possibility she'll have to leave it all behind. ...

Rural America Braces for Labor Shortages After Immigration Crackdown

A rural county in Pennsylvania is facing the consequences of the Trump administration’s crackdown on illegal immigrants, as businesses in the agricultural-based economy experience labor shortages. Some orchard owners and local pro-immigrant activists are lobbying state and federal lawmakers to ...

Pakistan Railway Revival Clashes With Shanty Towns

After many false starts, plans to resurrect a railway in Pakistan’s teeming metropolis of Karachi are moving ahead with the help of Chinese cash. Not everyone is happy. The Chinese-funded $2 billion project to revive Karachi Circular Railways , nearly two decades since it was shut down, has ...

Petrobras Argentina Sale Under Scrutiny in Brazil

Brazilian prosecutors plan to investigate last year's controversial sale of the Argentine subsidiary of Petrobras, Brazil's state-controlled oil company, a lawyer representing some Petrobras shareholders said on Wednesday. Petrobras, formally known as Petroleo Brasileiro SA , sold its 67.2 percent ...

As Rural Sri Lanka Dries Out, Young Farmers Look for Job Options

Scorched by a 10-month drought that has killed crops and reduced residents to buying trucked-in water, Adigama's young people are voting with their feet. At least 150 youth have left this agricultural village 170 kilometers northwest of Sri Lanka's capital since the drought began, looking for jobs ...

Ireland Rejects EU's Demand to Collect Billions From Apple

Ireland's finance minister rejected the European Commission's demand that it retroactively collect 13 billion euros in taxes from Apple, saying this was not Dublin's job in an interview with Germany's Frankfurter Allgemeine newspaper. In the interview, extracts from which the FAZ published on ...

Canada Approves First Cryptocurrency Sale in Property Rights Shake-Up

Canadian financial regulators have approved the public sale of a new digital currency in the country's first official endorsement of money created independently of the government or central banks, company officials said on Wednesday. Produced with digital encryption techniques, cryptocurrencies like ...

US Trade Envoy Says NAFTA Has 'Failed' Americans

U.S. President Donald Trump's top trade official laid down a hard negotiating line for revamping the North American Free Trade Agreement on Wednesday, saying that major changes were needed to slash U.S. trade deficits and boost U.S. content in autos. U.S. Trade Representative Robert Lighthizer said ...

Trump Goes After Amazon, Again

President Donald Trump is renewing his attacks on e-commerce giant Amazon, and he says the company is ``doing great damage to tax paying retailers.''   Trump tweets that "towns, cities and states throughout the U.S. are being hurt - many jobs being lost!" The president has often criticized the ...

US, Mexico and Canada Launch NAFTA Renegotiation Talks

The United States, Mexico and Canada opened negotiations Wednesday to reform the North American Free Trade Agreement, with U.S. Trade Representative Robert Lighthizer demanding at the outset an overhaul that would cut U.S. trade deficits and increase the use of regional parts for autos produced in ...

Brazil Lawmakers Seek $1B in Taxpayer Money for Election Campaigns

Brazilian lawmakers facing a dearth of financing for their re-election campaigns next year proposed on Tuesday creating a fund of 3.6 billion reais in taxpayer money to help their parties foot the bills. The Supreme Court banned corporate donations to campaigns in 2015, drastically reducing ...

Trump Orders Faster Permitting on Infrastructure Projects

U.S. President Donald Trump on Tuesday signed an executive order to speed approvals of permits for highways, bridges and other major building efforts as part of his proposal to spend $1 trillion to fix aging U.S. infrastructure. The text of Trump's executive order was not immediately available. ...

Tech Companies Ramp Up NAFTA Lobbying on Eve of Trade Talks

Technology companies, such as Microsoft and Cisco Systems, have ramped up lobbying ahead of talks to renegotiate the North American Free Trade Agreement, looking to avoid any future restrictions on cloud storage and to promote an international pact to eliminate technology goods tariffs. U.S., ...

Three-nation Efforts to Revise NAFTA Begin

Of all the trade deals he lambasted on the campaign trail as threats to American workers, President Donald Trump reserved particular scorn for one: the North American Free Trade Agreement. The NAFTA agreement with Mexico and Canada was "the worst trade deal in history," candidate Trump declared. He ...

Climate Extremes, Policy Confuse Crop Choices for Malawi Farmers

Elias Kanyangale is ecstatic about his maize harvest. Balancing on a homemade ladder, the farmer retrieves cobs from a full granary, the bounty of this year's good rains, which broke three years of drought in Malawi. Kanyangale, 44, from Kalumbu village, part of the capital city Lilongwe, says his ...

Pence Praises Argentina's Economic Reforms

U.S. Vice President Mike Pence on Tuesday praised Argentine President Mauricio Macri's "bold reform agenda" during a visit to that country, calling Macri's efforts to transform Argentina's economy an "inspiration." Days after local primary elections that were seen as a boost for Macri's pro-business ...

Pint by Pint, a Hoppy Revolution Brewing in Russia

Pint by frothy pint, a hoppy revolution is brewing in Russia. This new generation of craft brewers began sprouting in the vodka capital of the world as foreign beers became too expensive and beer fans sought alternatives to mass-produced lagers. From juicy IPAs to velvety stouts and lip-smacking ...

Kale Power: Water for Crops Gives Women in Kenya's Drylands a Voice

On a blistering hot afternoon, Zainab Omar Ali methodically sorts through freshly picked bunches of kale on her farm in Alimao village in northeast Kenya. "I managed to sell most of my batch at the market this morning," she said with satisfaction. "I'll try to sell the remaining fresh ones tomorrow, ...

Trump Criticizes Business Leaders as More Leave His Manufacturing Council

President Donald Trump says the corporate chief executives who quit his advisory manufacturing council are “leaving out of embarrassment” for manufacturing products outside the U.S. Trump told reporters in New York that the CEOs are not taking their jobs seriously when it comes to domestic ...

High-tech US Plants Offer Jobs Even as Laid-off Struggle

Herbie Mays is 3M proud, and it shows â€” in the 3M shirt he wears; in the 3M ring he earned after three decades at the company's plant in suburban Cincinnati; in the way he shows off a card from a 3M supervisor, praising Mays as "a GREAT employee." But it's all nostalgia.   Mays' last day at ...

China: US ‘Baring of Fangs’ on Trade Will Hurt Both Sides

A decision by the United States to investigate China’s trade practices is a unilateralist “baring of fangs” that will hurt both sides, China’s state news agency Xinhua said Tuesday. U.S. President Donald Trump on Monday authorized an inquiry into China’s alleged theft of ...

Canada Suggests it Could Quit NAFTA Talks Over Dispute Mechanism

Canada laid down a tough line ahead of talks on modernizing NAFTA on Monday, suggesting it could walk away if the United States pushed to remove a key dispute-settlement mechanism in the trade deal. Foreign Minister Chrystia Freeland, giving the most substantive outline yet of Canada's goals, said ...

Ex-head of Mexico's State Oil Company Denies Taking Bribes

The former head of Mexico's state-owned oil company, a key campaign adviser to President Enrique Pena Nieto, has denied accusations that he took bribes from Brazilian construction company Odebrecht.   Emilio Lozoya said Sunday via Twitter that he was never corrupt and suggested the allegations were ...

Three CEOs Leave Trump Panel in Protest After Weekend Violence

The chief executives of Intel Corp, Merck & Co Inc and Under Armour Inc. resigned from U.S. President Donald Trump’s American Manufacturing Council on Monday, following Trump’s initially tepid response to weekend violence at a rally of white supremacists in Charlottesville, Virginia. ...

Guam's Tourism Popularity Unhurt by North Korea Threats

Tourists haven't been deterred from visiting the tropical island of Guam even though the U.S. territory has been the target of threats from North Korea during a week of angry words exchanged by Pyongyang and Washington. Chiho Tsuchiya of Japan heard the news, but she decided to come anyway with her ...

Trump Set to Order China Trade Investigation

U.S. President Donald Trump is set to order his trade office to investigate whether China is stealing American intellectual property, but Beijing warned in advance that both countries would end up losers in a trade war. Trump took a break from his working vacation at his golf resort in New Jersey to ...

Beleagured Detroit Relying on Immigrants to Revitalize City

Detroit, Michigan, knows hardship and recovery. One of the hardest hit areas in the country during the Great Recession, the Midwestern Rust Belt city has since found an ingredient to its economic revitalization through empowerment of its immigrant communities. But not everyone is convinced that the ...

Electric Car Worry: Where Can You Charge It?

Around the world, support is growing for electric cars. Automakers are delivering more electric models with longer range and lower prices, such as the Chevrolet Bolt and the Tesla Model 3. China has set aggressive targets for electric vehicle sales to curb pollution; some European countries aim to ...

US Stocks Post Gains Friday After Several Down Days

U.S. stock market indexes posted gains in Friday's trading, a change in direction after several down days amid tensions between President Donald Trump and North Korea. In New York, the Standard & Poor's 500 index and the Dow Jones industrial average each advanced about one-tenth of a percentage ...

Interview: How North Korea Tensions Impact Stock Markets

Rising tensions between the United States and North Korea brought a wave of falling stock prices recently as worried investors moved money out of equities and into the perceived safety of gold, Swiss currency and similar products. At one point, this change of investment strategy cut $1 trillion ...