Trump Administration Wants to Scrap Some Species Protection

The Trump administration wants to scrap automatic federal protection for threatened plants and animals, a move that would anger environmentalists but please industry. A proposal unveiled Thursday would no longer grant threatened species the same instant protection given to endangered species. It would also limit what can be declared a critical habitat for such plants …

US Seen Receiving Frosty Reception at G-20 Meeting

The financial leaders of the world’s 20 biggest economies meet in Buenos Aires this weekend for the first time since long-simmering trade tensions burst into the open when China and the United States put tariffs on $34 billion of each other’s goods. The United States will seek to persuade Japan and the European Union to join it in taking a …

50 Years After Concorde, US Start-Up Eyes Supersonic Future

Luxury air travel faster than the speed of sound: A US start-up is aiming to revive commercial supersonic flight 50 years after the ill-fated Concorde first took to the skies. Blake Scholl, the former Amazon staffer who co-founded Boom Supersonic, delivered the pledge this week in front of a fully-restored Concorde jet at the Brooklands …

Elon Musk Apologizes for Comments About Cave Rescue Diver

Tesla and SpaceX CEO Elon Musk has apologized for calling a British diver involved in the Thailand cave rescue a pedophile, saying he spoke in anger but was wrong to do so. There was no immediate public reaction from diver Vern Unsworth to Musk’s latest tweets. Musk’s initial tweet calling Unsworth a “pedo” was a …

Trump’s Top Economic Adviser Accuses China’s President of Delaying Trade Deal

U.S. President Donald Trump’s top economic adviser accused Chinese President Xi Jinping Thursday of stalling efforts to resolve a growing trade dispute with the U.S. White House National Economic Council Director Larry Kudlow said he believed lower-level Chinese officials want to end tariffs the world two largest economic powers have imposed on each other, but …

China Looks to Stronger EU Trade Ties Against Threat of US Tariffs

China bolstered ties with the European Union this week with more large markets in the pipeline to keep its exports healthy as the United States levies import tariffs, analysts say.   At the 20th China-EU leaders’ meeting Monday in Beijing, Chinese President Xi Jinping said his country stands ready to promote bilateral economic development. Premier …

Solar Power Seen as Tool Against Extremism in Sahel

Grinding poverty and climate change are pushing communities in West Africa’s Sahel region into the arms of extremist groups like Boko Haram, but providing people with clean energy could help slow that trend, said a top international official. Rachel Kyte, CEO of Sustainable Energy for All, set up by the United Nations, learned on a trip to Niger …

Universal Music Group to Open Nigeria Division

Vivendi’s Universal Music Group (UMG) will launch a new division in Nigeria as part of efforts by the world’s largest music label to expand into Africa’s most populous nation and the wider region. The music entertainment group said on Tuesday its new strategic division, Universal Music Nigeria, will operate from Nigeria’s commercial capital Lagos. Nigerian …

Venezuela Pleads Guilty in US to Role in PDVSA Bribe Scheme

A former official at a Venezuelan state-run electric company pleaded guilty on Monday to U.S. charges that he participated in a scheme to solicit bribes in exchange for helping vendors win favorable treatment from state oil company PDVSA. Luis Carlos De Leon Perez, 42, pleaded guilty in federal court in Houston to conspiring to violate …

US Launches Five WTO Challenges to Retaliatory Tariffs

The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico and Turkey following U.S. duties on steel and aluminum. The retaliatory tariffs on up to a combined $28.5 billion worth of U.S. exports are illegal under WTO rules, U.S. Trade Representative …

Activists: Thousands of Congolese Threatened by National Park Oil Plans

Democratic Republic of Congo’s plan to drill for oil in national parks could leave thousands of farmers and fishermen who rely on the land in a struggle to survive, rights groups said Monday. The central African country announced last month that it was taking steps toward declassifying parts of Virunga and Salonga national parks, both …

China’s Economic Growth Cools Amid Trade Tensions

China’s economic growth slowed in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff battle with Washington. The world’s second-largest economy expanded by 6.7 percent, down from the previous quarter’s 6.8 percent, the government reported Monday. Even before the dispute with Washington erupted, forecasters expected growth to cool after Beijing …

Trump’s Advice to Britain’s May: ‘Sue the EU’

U.S. President Donald Trump advised British Prime Minister Theresa May to sue the European Union instead of negotiating with the bloc, as part of her Brexit strategy.   “He told me I should sue the EU,” May told BBC television. “Sue the EU. Not go into negotiations — sue them.” Her revelation about how Trump advised …

White House Declares War on Poverty ‘Largely Over’

The White House released a report Thursday contending that the United States’ war on poverty — a drive that started over 50 years ago to improve the social safety net for the poorest citizens of the world’s largest economy — is “largely over and a success,” contrasting with other reports on the nation’s poor. The …

US Farmers Brace for Long-Term Impact of Escalating Trade War

As farmer Brian Duncan gently brushes his hands over the rolling amber waves of grain in the fields behind his rural Illinois home, this picturesque and idyllic American scene belies the dramatic hardship he currently faces. “We’re in trouble,” he told VOA. Wheat is just one product that grows on Duncan’s diverse farm, also home …

US Farmers Brace for Long Term Impact of Escalating Trade War

U.S. farmers are beginning to feel the effects of tariffs imposed by China in retaliation for U.S. tariffs on Chinese steel and aluminum. As VOA’s Kane Farabaugh reports, while the short-term concern for farmers is the impact on profits this year, the bigger worry is the longer term consequences of the escalating trade dispute. …

Turkey’s Economic Policy Stokes Currency Fears as Lira Plummets

The Turkish lira recovered some losses Thursday hours after it hit record lows. New Treasury and  Finance Minister Berat Albayrak, President Recep Tayyip Erdogan’s son-in-law, sought to reassure nervous markets that the central bank’s independence was not in question. The wild currency gyrations following Albayrak’s appointment underscore concerns over what economic policy Erdogan will adhere …

US Inflation Steadily Firming; Labor Market Strong

U.S. consumer prices barely rose in June, but the underlying trend continued to point to a steady buildup of inflation pressures that could keep the Federal Reserve on a path of gradual interest rate increases. Other data on Thursday showed first-time applications for unemployment benefits dropped to a two-month low last week as the labor …