Zimbabwean Widows Punished by Tribal Courts for Selling Gold-rich Land

When massive gold deposits were discovered about a decade ago in Chimanimani, eastern Zimbabwe, the rural district became famous for attracting hundreds of artisanal miners from across the country every year. Wealthy small-scale prospectors regularly offer residents generous deals for their land, locals say. To many widows selling their unused land, that kind of money …

US Survey: What Pay Gap? Men Less Aware of Women’s Workplace Struggles

Far more men than women think their companies offer equal pay and promote the sexes equally, yet younger generations are wising up, a U.S. entertainment industry survey found on Monday. Only a quarter of women think their employers pay them the same as men, while twice as many men believe their company has no gender …

Scientists: Producing Bitcoin Currency Could Void Climate Change Efforts

Demand for bitcoin could single-handedly derail efforts to limit global warming because the increasingly popular digital currency takes huge amounts of energy to produce, scientists said on Monday. Producing bitcoin at a pace with growing demand could by 2033 defeat the aim of limiting global warming to 2 degrees Celsius, according to U.S. research published …

Taxi Service Offering Security, Comfort and Privacy

In Arabic, Annisa means an unmarried woman. And in Kenya, Annisa has become the first taxi-hailing service run by women. The new service targets women who don’t feel comfortable or safe being alone with male drivers. It also gives more women an opportunity to become cab drivers. Faiza Elmasry has the story narrated by Faith …

Japan, India Leaders Build Ties Amid Trade, Security Worries

The leaders of Japan and India are reaffirming their ties amid growing worries about trade and regional stability. Indian Prime Minister Narendra Modi, who arrived Saturday, was meeting Japanese Prime Minister Shinzo Abe at a resort area near Mount Fuji on Sunday. Modi is also visiting a nearby plant of major Japanese robot maker Fanuc. …

French FinMin: Eurozone not Prepared Enough to Face New Crisis

There is no risk of contagion from Italy’s budget crisis in the European Union but the euro zone is not prepared enough to face a new economic crisis, French Finance Minister Bruno Le Maire told daily Le Parisien on Sunday. The European Commission rejected Italy’s draft 2019 budget earlier this week for breaking EU rules …

Istanbul to Unveil New Airport, Seeks to be World’s Biggest

Recep Tayyip Erdogan has held plenty of grand opening ceremonies in his 15 years at Turkey’s helm. On Monday he will unveil one of his prized jewels — Istanbul New Airport — a megaproject that has been dogged by concerns about labor rights, environmental issues and Turkey’s weakening economy. Erdogan is opening what he claims …

Equities’ Slide Sends Bonds Higher, Dents Greenback

Stock markets around the world tumbled Friday while U.S. Treasury prices rose along with demand for safer bets as better-than-expected U.S. economic data did little to ease anxiety over disappointing corporate profits and trade wars. Wall Street closed above its session lows, but earnings reports from Amazon.com and Alphabet, issued late Thursday, rekindled a rush …

US Economy Grew at Strong 3.5 Percent Rate in 3rd Quarter

The U.S. economy grew at a robust annual rate of 3.5 percent in the July-September quarter as the strongest burst of consumer spending in nearly four years helped offset a sharp drag from trade.  The Commerce Department said Friday that the third quarter’s gross domestic product, the country’s total output of goods and services, followed …

WTO Member Group Vows to Reform Rules on Subsidies, Dispute Settlement

Top trade officials from 12 countries and the European Union on Thursday vowed to reform World Trade Organization rules in the face of U.S. actions that threaten to paralyze the body and address some of Washington’s complaints about Chinese subsidies. The officials, meeting in the Canadian capital Ottawa, said they shared a “common resolve for …

US Stocks Rebound Strongly

Major U.S. stock indexes made strong gains in Thursday’s trading after some upbeat profit reports by major companies.  The Nasdaq composite posted its biggest daily gain since March, as Microsoft’s upbeat earnings spurred a rebound in technology names and investors snapped up oversold shares. The Nasdaq added 209.94 points, or 2.95 percent, to 7,318.34, a day after it confirmed a correction and registered its biggest decline …

Tech Companies Lead Another Steep Sell-Off in US Stocks

Another torrent of selling gripped Wall Street on Wednesday, sending the Dow Jones Industrial Average plummeting more than 600 points and extending a losing streak for the benchmark S&P 500 index to a sixth day. The tech-heavy Nasdaq composite bore the brunt of the sell-off, leaving it more than 10 percent below its August peak, …

Saudi Crown Prince Expects Economic Growth of 2.5 Percent in 2018

Saudi Crown Prince Mohammed bin Salman said on Wednesday the kingdom will continue with reforms and spending on infrastructure, predicting the economy will grow by 2.5 percent this year. Speaking at an investment conference in Riyadh, the crown prince also said he expected economic growth next year to be higher. Higher oil prices has helped …

US Lawmaker Vows to Work Toward New Trump Tax Cut

The top Republican lawmaker on tax policy in the U.S. House of Representatives said Tuesday that he was working with the White House and Treasury to develop a new 10 percent middle-class tax cut plan that President Donald Trump began touting over the weekend. Rep. Kevin Brady of Texas, who chairs the tax-writing House Ways and Means Committee, …

Syria’s Food Production Hits 29-Year Low

A report by the Food and Agriculture Organization and World Food Program finds extreme weather conditions in Syria have caused the lowest production of wheat and barley for nearly three decades in this war-torn country. Still, the Syrian government has managed to pacify most of country after more than seven years of brutal, murderous conflict …

First Sign Language Starbucks Opens in Washington DC

Coffee drinkers in the nation’s capital can now order that tall pumpkin spice iced skim latte in sign language. Starbucks has opened its first U.S. “signing store” to better serve hard of hearing customers. The store in Washington is just blocks from Gallaudet University, one of the nation’s oldest universities serving deaf and hard of …

Foreigners Sold Net $1.1 BLN of Saudi Stocks in Week to Oct 18

Foreigners sold a net 4.01 billion riyal ($1.07 billion) in Saudi stocks in the week ending Oct. 18, exchange data showed on Sunday – one of the biggest selloff since the market opened to direct foreign buying in mid-2015. The selloff came during a week when investors were rattled by Saudi Arabia’s deteriorating relations with …

IMF Reaches Deal with Ukraine on New $4 Billion, 14-Month Loan

The International Monetary Fund announced Friday it had reached an agreement with Ukraine on economic policies that would unlock a new loan deal that will provide nearly $4 billion. The new 14-month standby loan deal replaces an existing four-year financial aid package agreed in March 2015 and due to expire in five months, the IMF …

Financial Watchdog: Regulate Cryptocurrencies Now, Or Else

A global financial body says governments worldwide must establish rules for virtual currencies like bitcoin to stop criminals from using them to launder money or finance terrorism. The Financial Action Task Force said Friday that from next year it will start assessing whether countries are doing enough to fight criminal use of virtual currencies. Countries …

Women-to-Women Business Fund Comes to Britain

A women-to-women investment fund is coming to Britain next month to boost financing for female-owned businesses, its founder said Thursday, as efforts grow to close the gender investing gap. SheEO has lent more than $2 million to 32 female social entrepreneurs in the United States, Canada and New Zealand to grow their businesses since 2015 …

US Stocks Slide on Saudi Arabia, Italy Concerns

U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy’s budget and concerns mounted about the possibility of strained relations between the United States and Saudi Arabia. S&P 500 technology stocks fell more than 2 percent, as did the tech-heavy Nasdaq. Wall Street’s major indexes pared early losses in morning trading but …

Russian Firms Test Non-Dollar Deals to Sidestep US Sanctions

Several major Russian companies are exploring ways to do deals abroad without using dollars, spurred on by a U.S. threat to broaden sanctions that have impeded access of some Russian firms to the international banking system. The Kremlin has been pushing companies to conduct more deals using other currencies to reduce reliance on the dollar. …

US Again Declines to Label China a Currency Manipulator 

The Trump administration has again declined to label China a currency manipulator, but says it is keeping China and five other nations on a watch list. “Of particular concern are China’s lack of currency transparency and the recent weakness in its currency,” U.S. Treasury Secretary Steven Mnuchin said in his biannual report to Congress. “Those …

Jubilant Customers Light Up as Marijuana Sales Begin in Canada

Jubilant customers stood in long lines for hours then lit up and celebrated on sidewalks Wednesday as Canada became the world’s largest legal marijuana marketplace. In Toronto, people smoked joints as soon as they rolled out of bed in a big “wake and bake” celebration. In Alberta, a government website that sells pot crashed when …