Trump energy plans complicated by tariffs, global competition
A different approach to energy is at the center of President-elect Donald Trump’s promise to bring down the cost of living for Americans. But as VOA’s Congressional Correspondent Katherine Gypson reports, Trump’s plans could be complicated by a complex global…
Internet is rife with fake reviews; will AI make it worse?
The emergence of generative artificial intelligence tools that allow people to efficiently produce novel and detailed online reviews with almost no work has put merchants, service providers and consumers in uncharted territory, watchdog groups and researchers say. Phony reviews have…
Treasury secretary to Congress: US could hit debt limit in mid-January
WASHINGTON — Treasury Secretary Janet Yellen said her agency would need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, as early as January 14, in a letter sent to…
Brazil views labor violations at BYD site as human ‘trafficking’
Rio de Janeiro, Brazil — Authorities in Brazil said Friday they are probing Chinese auto giant BYD and one of its contractors for suspected “trafficking” of Chinese workers building a factory in the South American country. Federal prosecutors in Brazil…
World Bank raises China’s GDP forecast for 2024, 2025
The World Bank raised on Thursday its forecast for China’s economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, would keep weighing it down next year. The world’s…
China, Japan foreign ministers meet and agree on visit, security dialog
BEIJING/TOKYO — Talks between China and Japan’s foreign ministers in Beijing have paved way for Japan to host China’s foreign affairs chief next year, and mutual agreement to hold a security dialog as soon as possible, Japan said on Wednesday….
Big banks, business groups sue US Federal Reserve over annual ‘stress tests’
Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank’s annual “stress tests” of Wall Street firms violate the law. The lawsuit filed in U.S. District Court in Columbus, Ohio, claims the Fed’s practice…
Nissan, Honda announce plans to merge, creating world’s No. 3 automaker
TOKYO — Japanese automakers Honda and Nissan have announced plans to work toward a merger, forming world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had…
Trump taps ex-Treasury official Miran as chair of Council of Economic Advisers
Washington — President-elect Donald Trump said on Sunday that Stephen Miran, a Treasury Department adviser in his first administration, would be the chair of his Council of Economic Advisers. The council advises the president on economic policy and is composed…
Rising butter prices give European consumers and bakers a bad taste
PARIS — Pastry chef Arnaud Delmontel rolls out dough for croissants and pains au chocolat that later emerge golden and fragrant from the oven in his Paris patisserie. The price for the butter so essential to the pastries has shot…