Business

Economy and business news. Business is the practice of making one’s living or making money by producing or buying and selling products (such as goods and services). It is also “any activity or enterprise entered into for profit”

Jamie Oliver’s British Restaurant Chain Collapses

Jamie Oliver’s British Restaurant Chain Collapses

Celebrity chef Jamie Oliver’s restaurant chain in Britain has filed for bankruptcy protection, closing 22 of its 25 eateries and...

US Shoe Industry Protests Possible Tariffs on Chinese Imports

US Shoe Industry Protests Possible Tariffs on Chinese Imports

More than 170 American shoe manufacturers and retailers, including such well-known athletic shoe brands as Nike, Under Armour and Adidas,...

Portugal’s Economy Rebounds, Though Problems Persist

Portugal’s Economy Rebounds, Though Problems Persist

The Portuguese economy is resisting the prevailing gloom in Europe. Activity remained strong, with GDP rising by 0.5% in the first...

Bloomberg: US May Pay $2 Per Bushel for Soybeans to Help Farmers

Bloomberg: US May Pay $2 Per Bushel for Soybeans to Help Farmers

The Trump administration is considering payments of $2 per bushel for soybeans, 63 cents per bushel for wheat and 4...

Sources: Turkey to Reduce US Import Tariffs This Week

Sources: Turkey to Reduce US Import Tariffs This Week

Turkey’s Trade Ministry will implement a reciprocal reduction in tariffs on U.S. imports after the United States halved tariffs on...

Huawei Founder Shrugs Off US Blacklisting Order

Huawei Founder Shrugs Off US Blacklisting Order

The founder of Chinese telecom giant Huawei is dismissing the decision by the United States to blacklist the company on...

Indian Exporters Eye Gains Amid Intensifying US China Trade Dispute

Indian Exporters Eye Gains Amid Intensifying US China Trade Dispute

As work on establishing a massive garment-manufacturing unit by one of India’s leading apparel exporters enters the final stages, the...

AP Explains: US Sanctions on Huawei Bite, But Who Gets Hurt?

AP Explains: US Sanctions on Huawei Bite, But Who Gets Hurt?

Trump administration sanctions against Huawei have begun to bite even though their dimensions remain unclear. U.S. companies that supply the...

Trade War Adds to Woes of European Companies in China

Trade War Adds to Woes of European Companies in China

The U.S.-China trade war has not spared European companies in China. More than one-third of them are feeling a direct...

Ford to Cut 7,000 Jobs, 10% of Global Staff

Ford to Cut 7,000 Jobs, 10% of Global Staff

Ford plans to cut 7,000 jobs, or 10 percent of its global workforce, as part of a reorganization as it...

Vietnam, EU Eye Trade Alternative to US

Vietnam, EU Eye Trade Alternative to US

Vietnam and Europe could be swapping more pomelo fruit and Portuguese cheese soon if a new trade deal comes into...

China’s Top Diplomat Calls for US Restraint on Trade, Iran 

China’s Top Diplomat Calls for US Restraint on Trade, Iran 

Senior Chinese diplomat Wang Yi told U.S. Secretary of State Mike Pompeo on Saturday that recent U.S. words and actions...

Huawei Founder Sees Little Effect From US Sanctions

Huawei Founder Sees Little Effect From US Sanctions

Huawei Technologies’ founder and chief executive said Saturday that the growth of the Chinese tech giant “may slow, but only slightly,” because...

US Warns Airliners Flying in Persian Gulf Amid Iran Tensions

US Warns Airliners Flying in Persian Gulf Amid Iran Tensions

U.S. diplomats warned Saturday that commercial airliners flying over the wider Persian Gulf faced a risk of being “misidentified” amid...

US Says It May Scale Back Some Huawei Trade Restrictions

US Says It May Scale Back Some Huawei Trade Restrictions

The U.S. Commerce Department may soon scale back restrictions on Huawei Technologies after this week’s blacklisting made it nearly impossible for the Chinese...

Trump Lifts Tariffs on Mexico, Canada, Delays Auto Tariffs 

Trump Lifts Tariffs on Mexico, Canada, Delays Auto Tariffs 

Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions...

After Huawei Blow, China Says US Must Show Sincerity for Talks

After Huawei Blow, China Says US Must Show Sincerity for Talks

The United States must show sincerity if it is to hold meaningful trade talks, China said on Friday, after U.S....

Trade Tensions Seen Tightening Job Market for Chinese Graduates

Trade Tensions Seen Tightening Job Market for Chinese Graduates

A record number of 8.34 million university graduates are set to enter the Chinese job market this summer amid escalating...

South Korea Waits Out US-China Trade War

South Korea Waits Out US-China Trade War

Juhyun Lee contributed to this report. SEOUL — As U.S. President Donald Trump intensifies his trade battle with China, one...

Retail Chiefs Dismiss AI Job Threat, Promise More Training

Retail Chiefs Dismiss AI Job Threat, Promise More Training

Executives from major global retailers played down the threat to employment in stores from artificial intelligence and automation on Thursday...

US Housing Starts Rise in April; Supply Challenges Remain

US Housing Starts Rise in April; Supply Challenges Remain

U.S. homebuilding increased more than expected in April and activity in the prior month was stronger than initially thought, suggesting...

Moody’s: Turkey Needs Credible Economic Plan to Avoid Downgrade

Moody’s: Turkey Needs Credible Economic Plan to Avoid Downgrade

Turkey needs to put a comprehensive and credible economic plan in place if it is to avoid another cut to...