Author: iBiz

Rob Garver contributed to this report The top Senate Democrat says President Donald Trump’s picks to fill two vacant seats on the Federal Reserve Board are unqualified for the job. Trump has nominated former pizza chain boss Herman Cain and conservative economic commentator Stephen Moore for the Fed — posts that need Senate confirmation. Both are strong …

Boeing’s orders and deliveries sank in the first quarter, with zero new orders for the 737 MAX following a worldwide grounding in March in the wake of two fatal plane crashes. The groundings forced Boeing to freeze deliveries of the MAX, which had been its fastest-selling jetliner until a March 10 crash on Ethiopian Airlines …

Boeing’s orders and deliveries sank in the first quarter, with zero new orders for the 737 MAX following a worldwide grounding in March in the wake of two fatal plane crashes. The groundings forced Boeing to freeze deliveries of the MAX, which had been its fastest-selling jetliner until a March 10 crash on Ethiopian Airlines …

Britain’s Standard Charter Bank has agreed to more than $1 billion in fines and forfeited assets to the U.S. and New York state for violating U.S. sanctions against trade with Iran. Federal and state prosecutors said Tuesday that between 2007 and 2011, the global financial institution processed about 9,500 financial transactions worth about $240 million …

Britain’s Standard Charter Bank has agreed to more than $1 billion in fines and forfeited assets to the U.S. and New York state for violating U.S. sanctions against trade with Iran. Federal and state prosecutors said Tuesday that between 2007 and 2011, the global financial institution processed about 9,500 financial transactions worth about $240 million …

More families of victims of the Lion Air crash in Indonesia are suing Boeing after its chief executive apologized and said a software update for the MAX 8 jet would prevent further disasters. Family members and lawyers said Monday that CEO Dennis Muilenburg’s comment last week related to an automated flight system was an admission …

More families of victims of the Lion Air crash in Indonesia are suing Boeing after its chief executive apologized and said a software update for the MAX 8 jet would prevent further disasters. Family members and lawyers said Monday that CEO Dennis Muilenburg’s comment last week related to an automated flight system was an admission …

China and Pakistan say their ongoing multibillion-dollar infrastructure development cooperation program under Beijing’s global Belt and Road Initiative (BRI) has entered the next stage after achieving initial targets, dismissing reports the project increased Islamabad’s debt burden rather than boosting economic growth.  Officials in the neighboring countries, traditionally strong allies, say 22 “early harvest” projects, launched …

China and Pakistan say their ongoing multibillion-dollar infrastructure development cooperation program under Beijing’s global Belt and Road Initiative (BRI) has entered the next stage after achieving initial targets, dismissing reports the project increased Islamabad’s debt burden rather than boosting economic growth.  Officials in the neighboring countries, traditionally strong allies, say 22 “early harvest” projects, launched …

Venezuela will “fulfill its commitments” to Cuba despite United States sanctions targeting oil shipments from the South American country to its ideological ally, Foreign Minister Jorge Arreaza said on Monday. Washington on Friday imposed sanctions on 34 vessels owned or operated by state-run oil company Petroleos de Venezuela as well as on two companies and …

Venezuela will “fulfill its commitments” to Cuba despite United States sanctions targeting oil shipments from the South American country to its ideological ally, Foreign Minister Jorge Arreaza said on Monday. Washington on Friday imposed sanctions on 34 vessels owned or operated by state-run oil company Petroleos de Venezuela as well as on two companies and …

As the North Atlantic Treaty Organization (NATO) heads into its eighth decade amidst doubts in some quarters of its contemporary relevance, the Czech Republic’s Foreign Minister tells VOA that there’s “huge consensus” among political parties in his country in support of NATO membership and of America’s leadership within the alliance. “Our membership is very important, …

As the North Atlantic Treaty Organization (NATO) heads into its eighth decade amidst doubts in some quarters of its contemporary relevance, the Czech Republic’s Foreign Minister tells VOA that there’s “huge consensus” among political parties in his country in support of NATO membership and of America’s leadership within the alliance. “Our membership is very important, …

Japanese automaker Nissan has ousted from its board former chairman Carlos Ghosn and another executive, American Greg Kelly, who are facing charges of financial misconduct. Nissan shareholders approved the measure Monday after a three-hour extraordinary meeting at a Tokyo hotel. Both Ghosn and Kelly have denied the allegations against them. Ahead of the vote, Chief …

Japanese automaker Nissan has ousted from its board former chairman Carlos Ghosn and another executive, American Greg Kelly, who are facing charges of financial misconduct. Nissan shareholders approved the measure Monday after a three-hour extraordinary meeting at a Tokyo hotel. Both Ghosn and Kelly have denied the allegations against them. Ahead of the vote, Chief …

American Airlines is extending by over a month its cancellations of about 90 daily flights as the troubled 737 Max plane remains grounded by regulators. American said Sunday it is extending the cancellations through June 5 from the earlier timeframe of April 24. The airline acknowledged in a statement that the prolonged cancellations could bring …

Top EU leaders meet Chinese Premier Li Keqiang this week at a summit in Brussels, but their hopes of winning solid commitments on trade look set for disappointment. Brussels is trying to beef up its approach to the Asian giant as it shows little willingness to listen to longstanding complaints about industrial subsidies and access …

in the United States rebounded in March as U.S. employers added a solid 196,000 jobs, up sharply from February’s scant gain and evidence that many businesses still want to hire despite signs that the economy is slowing. The unemployment rate remained at 3.8 percent, near the lowest level in almost 50 years, the Labor Department …

in the United States rebounded in March as U.S. employers added a solid 196,000 jobs, up sharply from February’s scant gain and evidence that many businesses still want to hire despite signs that the economy is slowing. The unemployment rate remained at 3.8 percent, near the lowest level in almost 50 years, the Labor Department …

Secretary of State Mike Pompeo told visiting NATO foreign ministers Thursday that the 29 country alliance must alter its approach to developing threats, singling out Russian aggression and China’s “strategic competition.” Pompeo cautioned his NATO allies that there is a risk the U.S. will not be able to share information in the same way it …

Secretary of State Mike Pompeo told visiting NATO foreign ministers Thursday that the 29 country alliance must alter its approach to developing threats, singling out Russian aggression and China’s “strategic competition.” Pompeo cautioned his NATO allies that there is a risk the U.S. will not be able to share information in the same way it …

The U.S. president and the vice premier of China confirmed on Thursday that while significant progress has been made, there is no new trade agreement yet between the world’s two largest economies.  “We’re certainly getting a lot closer,” Trump said sitting at his desk in the Oval Office with Chinese Vice Premier Liu He alongside …