Economy & Business

Greek Minister of Interior and Administrative Reconstruction Nikos Voutsis arrives for a cabinet meeting at the parliament in Athens, May 12, 2015.

Greek Interior Minister: No Money for June IMF Repayment

Most explicit remarks yet from Athens about likelihood of default if talks fail More

Debate Ignites Over Government Benefits, Training for Displaced Workers

Video Debate Ignites Over Government Benefits, Training for Displaced Workers

Many Democrats, labor unions continue to champion little-known program that provides financial assistance to American workers laid off as result of increased international competition More

Senate Majority Leader Mitch McConnell speaks during a news conference on Capitol Hill in Washington, May 19, 2015.

Senate Approves Obama's 'Fast-track' Trade Bill

Lawmakers vote 62-37 in favor of Trade Promotion Authority bill; president’s trade agenda faced opposition from some members of his Democratic Party, who tried to block its passage More

Federal Reserve Chair Janet Yellen departs a Financial Stability Oversight Council meeting at the Treasury Department in Washington, May 19, 2015.

US Consumer Prices Rise Slightly in April

US Federal Reserve Chair Janet Yellen says she expects economy to continue improving, and Central bank will start raising key interest rate 'at some point this year' More

FILE - A Palestinian boy plays amid the rubble of his family's former house which was destroyed during the 50-day war between Israel and Hamas militants in the summer of 2014, in the Eastern Gaza City Shujaiya neighborhood, May 11, 2015.

World Bank: Gaza's Economy on 'Verge of Collapse'

A World Bank report said Gaza's GDP would have been four times higher if not for conflicts and restrictions More


More Economy & Business News

Rising Inequality Holding Back Economic Growth, Report Warns

OECD says widening gap between haves and have-nots in much of the developed world raises concerns about the fraying social fabric, has political, economic implications
More

US Congress Reviews Lessons Learned From Nepal Earthquake

United States is longest-standing development partner with Nepal, since 1951, and has provided $47 million to date in wake of April temblor
More

Fed: June Interest Rate Hike Unlikely

Notes from Federal Reserve meeting show officials grappling with data showing economy growing more slowly than expected
More

Multimedia Ukraine Conflict Simmers as EU Courts Former Soviet States

Six former Soviet bloc countries will attend European Union’s Eastern Partnership Summit on Thursday in Riga, Latvia
More

Big Banks Face Penalties for Manipulating Foreign Exchange

Department of Justice says Citigroup, JPMorgan Chase, Barclays, Royal Bank of Scotland violated antitrust laws
More

'World's Factory' Aims for Upgrade With 'Made in China' 2025

10-year campaign, approved by Premier Li Keqiang, aims to close huge gaps between advanced industrial nations and China
More

Saudi Arabia, Partners Turn Down Chinese Requests for Extra Oil

Senior Chinese oil traders say Saudis have turned down requests from Chinaoil and Unipec for extra cargoes of crude for May and June loadings, forcing them to seek supplies elsewhere
More

US Regulators Warn of Cyber Threat to Financial System

A new report cited large-scale data breaches that hit US retailers and the high-profile attack that crippled computers at Sony
More
More Articles

Business Video

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Effort Underway to Limit Damage from California Oil Spilli
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Zlatica Hoke
May 23, 2015 2:25 AM
Cleanup crews are working around the clock to remove oil from the waters off the coastal city of Santa Barbara, in California. About 380,000 liters of oil may have leaked out before a rupture in an onshore, underground pipeline was discovered Tuesday. The environmental disaster hit the popular West Coast resort area before the Memorial Day weekend. VOA's Zlatica Hoke reports investigators have yet to determine what caused the incident.
Video

Video Effort Underway to Limit Damage from California Oil Spill

Cleanup crews are working around the clock to remove oil from the waters off the coastal city of Santa Barbara, in California. About 380,000 liters of oil may have leaked out before a rupture in an onshore, underground pipeline was discovered Tuesday. The environmental disaster hit the popular West Coast resort area before the Memorial Day weekend. VOA's Zlatica Hoke reports investigators have yet to determine what caused the incident.
Video

Video Debate Ignites Over Government Benefits, Training for Displaced Workers

As debate intensifies over whether to give Congress and the president the ability to "fast-track" proposed free trade agreements with Pacific and European countries, many Democrats and labor unions continue to champion a little-known program that provides financial assistance to American workers laid off as a result of increased international competition. Conservatives say the Trade Adjustment Assistance program should be abolished. A former steel worker disagrees. Mil Arcega has more for VOA.
Video

Video Youngest Mayor in Maryland Works to Draw Business to Small Town

The youngest mayor in Maryland's history was sworn in this week - and swears his first priority is to bring business back to the small town of Indian Head, Maryland. Nineteen-year-old Brandon Paulin replaced the 69-year-old mayor, promising the town’s 4,000 residents he would work to get the boarded-up storefronts open and running again. VOA’s Deborah Block has the story.
Video

Video Greece Teeters Towards Bankruptcy

Greece’s Finance Minister said Thursday he wished his country had never joined the euro currency – and warned international creditors that he would refuse to sign any bailout plan that would send Greece into a ‘death spiral’. As Henry Ridgwell reports, with a bailout agreement still seemingly a long way off, there are dangers that Athens could run out of money in the coming days.
Video

Video Effort To Allow US Oil Exports Sparks Debate

Proposed legislation to end a decades-long ban on exporting most U.S.-produced crude oil is sparking sharp debate in Washington and the energy industry. One oil company chief says the outdated rules hurt his company and keep the U.S. economy vulnerable to foreign oil producers. But ban supporters say ending it would boost consumer energy prices and hurt the environment. As VOA’s Jim Randle reports, one bill to end the ban has been introduced in the House, another is expected in the Senate.

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