Dubai to move international airport to $35B facility in 10 years
Dubai International Airport, the world’s busiest for international travel, will move its operations to the city-state’s second, sprawling airfield in its southern desert reaches “within the next 10 years” in a project worth nearly $35 billion, its ruler said Sunday….
Long lines, frustration grow as Cuba runs short of cash
HAVANA — Alejandro Fonseca stood in line for several hours outside a bank in Havana hoping to withdraw Cuban pesos from an ATM, but when it was almost his turn, the cash ran out. He angrily hopped on his electric…
Georgia to host development summit; climate change, aging on agenda
SYDNEY — The Asian Development Bank holds its annual meeting in Tbilisi, Georgia, next week, with discussions on climate change and the world’s aging population high on the agenda. The four-day summit, starting Thursday, marks the first time that the…
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Paris, France — World wine production dropped 10 percent last year, the biggest fall in more than six decades, because of “extreme” climate changes, the body that monitors the trade said Thursday. “Extreme environmental conditions” including droughts, fires and other…
US growth slowed sharply last quarter to 1.6%, reflecting economy pressured by high rates
WASHINGTON — The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace. Thursday’s report from…
Popular Indian payment system faces restrictions due to China connections
Paytm, a popular payment app in India, faces government restrictions on business because of its Chinese connections, local media say. India is ramping up scrutiny and restrictions on other Chinese tech companies, too, amid concerns about security and geopolitics. Henry…
US ponders trade status upgrade for Vietnam despite some opposition
Washington — U.S. officials are considering a request from Vietnam to be removed from a list of “nonmarket” economies, a step that would foster improved diplomatic relations with a potential ally in Asia but would anger some U.S. lawmakers and…
US presidential contenders differ on who’s better for economy
The U.S. economy is always a major factor in the presidential campaign because the president plays a key role in setting and shaping trade and economic policies. VOA’s Senior Washington Correspondent Carolyn Presutti reports on how the economy is doing…
Chinese linked e-commerce companies shake up US market
Two Chinese-linked online marketplaces are shaking up the e-commerce market with extremely low prices, even as the firms face concerns from consumers about labor practices. The rapid rise in popularity of Temu and SHEIN has been so sudden that Amazon…
China slaps anti-dumping levy on import of a US chemical amid rising trade tensions
China on Friday imposed a levy on imports of an acid from the United States widely used in food, feed, pesticides and medical fields, amid heightened tensions with Washington over bilateral trade. From Saturday, imports of propionic acid from the…