Economy & Business

    Chief Executive Officer of the Saudi Stock Exchange (Tadawul) Khalid al-Hussan gestures during Euromoney Conference in Riyadh, Saudi Arabia, May 3, 2016.

    Saudi Plans Stock Market Reforms to Draw Foreign Money

    Reforms announced on Tuesday suggested authorities are now courting foreign money more aggressively. Last week, Deputy Crown Prince Mohammed bin Salman outlined sweeping plans to cut the kingdom's dependence on oil exports

    FILE - A sign for the ExxonMobil Torerance Refinery in Torrance, California, Jan. 30, 2012

    Norway Wealth Fund Turns Up Climate Heat on Exxon, Chevron

    Fund says it will vote in favor of shareholder proposals, opposed by both companies' boards, which would require them to report more fully about risks and opportunities of changing climate

    FILE - Zimbabwean men attempt to get a malnourished cow on its feet  in rural Masvingo, Jan. 21, 2016.

    Drought-hit Zimbabwe Sells Off Wild Animals

    No details on animals on offer or their cost, but southern African country's 10 national parks are famed for their huge populations of elephants, lions, rhinos, leopards, buffalos


    One-Minute Features

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    Advances in Technology, Training Make Farming in Kenya Attractive to Youngi
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    April 26, 2016 12:05 PM
    Advances in technology and training makes farming in Kenya attractive for the young
    Video

    Video Advances in Technology, Training Make Farming in Kenya Attractive to Young

    Advances in technology and training makes farming in Kenya attractive for the young
    Video

    Video Kenya Farmers Grow Sunflowers in Place of Tobacco, Maize

    Kenya farmers turning to growing Sunflowers in place of tobacco and maize
    Video

    Video First Female-owned Master Tailor Shop Opens on London's Savile Row

    Kathryn Sargent is the first woman to open a master tailor shop on Savile row in London
    Video

    Video Gabon Committed to Expanding Wood Industry

    Gabon's government committed to expanding wood industry

    More Economy & Business News

    Nigerian VP: $15 Billion Stolen in Fraudulent Arms Deals

    Vice President Yemi Osinbajo says money was lost to 'corrupt practices in... security equipment spending' during administration of former president Goodluck Jonathan

    New Chicago High-Rise Will Be City’s Biggest Chinese Property Deal

    Builders to break ground this summer on $900M, 95-story skyscraper expected to have 406 residential units, 200 luxury hotel rooms, approximately 9,000 square feet of retail space

    Massive Teacher Protest Shutters Detroit Schools

    Nearly 45,000 students get unscheduled day off Monday as more than 1,500 teachers call in sick over district’s enormous debt

    US Supreme Court Rejects Challenge to Seattle Minimum Wage Law

    Owners of franchises had pushed to be classified as small businesses, and given more time to adjust to law; workers’ rights advocates disagreed, citing benefits doled out by parent corporations

    Mexico's Guajardo: US Anti-trade Shift Would Hit Global Economy Hard

    Economy minister referred to a proposal by Republican presidential candidate Donald Trump to levy 35 percent tariff on many Mexican goods, saying it would violate global trade deals and spark 'chaos' if enacted

    Report: Investors May Have Profited From US Data Leaks

    Researchers found at least seven cases where investors made millions of dollars by basing their decisions on leaked market data

    French Official Predicts US-EU Trade Deal Will Stall

    The official predicted negotiations are likely to grind to a halt over the United States' reluctance to make concessions

    Australian Says He Created Bitcoin; Some Doubtful

    British television says Craig Wright has provided 'technical proof' he possesses the original programming known only to Bitcoin's true creator
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    Business Video

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    Can Apple Still Innovate?i
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    April 29, 2016 4:21 AM
    The world's most profitable company just became less valuable this week when California-based Apple Inc. reported the first decline in iPhone sales in 13 years. Apple CEO Tim Cook blames the struggling Chinese economy for Apple's weaker earnings, but analysts say other factors may be at play. It's not the end of the world for a company worth more than half a trillion dollars but it's clearly a worrisome trend. Mil Arcega has more.
    Video

    Video Can Apple Still Innovate?

    The world's most profitable company just became less valuable this week when California-based Apple Inc. reported the first decline in iPhone sales in 13 years. Apple CEO Tim Cook blames the struggling Chinese economy for Apple's weaker earnings, but analysts say other factors may be at play. It's not the end of the world for a company worth more than half a trillion dollars but it's clearly a worrisome trend. Mil Arcega has more.
    Video

    Video Investors Shifting Away from Tech and Going Back to Basics

    There is an old saying on Wall Street: “Sell in May, and go away". Whereas company earnings and profit outlooks are talked about early in the year and portfolio managers invest accordingly, by spring investors want to capture profits or take losses before the slower seasonal trading in the summer months. But this year might be different, as Bernard Shusman reports from New York.
    Video

    Video While US Lags on Paid Maternity Leave, Some States Make Progress

    While the United States is the only developed country in the world that does not offer paid maternity leave for new mothers, both of the current Democratic presidential candidates support a national standard of 12 weeks of paid family leave. It’s not a new proposal, though. President Barack Obama called for it in his 2015 State of the Union Address, but it drew quick opposition from some Republicans in Congress.
    Video

    Video US Central Bank Keeps Rates Unchanged, but Some Urge Increase

    The U.S. central bank says that with inflation still too low and global risks remaining, its benchmark interest rate will remain unchanged for now. But at least one consumer financial services group says the Fed is running out of excuses and needs to start raising interest rates soon. VOA's Mil Arcega reports.
    Video

    Video Maryland Creates Jobs While Fighting Climate Change

    More than 150 countries on Friday signed the climate change agreement negotiated last December in Paris, making a commitment to reducing greenhouse gas emissions. Critics say the U.S. plan to do so will wreck the economy, but some states are already taking action, and predictions of economic devastation have not come true there. VOA’s Steve Baragona reports from Maryland.

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