With the passage of deep tax cuts late last year, annual U.S. budget deficits are expected to balloon over the next decade, the nonpartisan Congressional Budget Office said Monday. The independent financial scorekeeper said that the long-term U.S. debt, now more than $21 trillion, could soar to more than $33 trillion by 2028, with increasing …

Afghanistan is set to exploit its unique agricultural climate by refining and exporting another kind of flower, orange blossoms! An Afghan investor found a way to extract the citrusy, floral bouquet from the delicate flowers to create perfumes. As VOA’s Zabihullah Ghazi reports in Jalalabad, not only is the perfume diversifying the country’s agricultural output, …

U.S. President Donald Trump predicted Sunday there would be a resolution of the U.S.-China standoff on tariffs on hundreds of billions of dollars of goods the world’s two biggest economies are threatening to impose on each other. The U.S. leader said, without offering any direct information, that “China will take down its Trade Barriers because …

Taiwan says it regrets that the “one China” policy insisted on by Beijing prevents it from providing much needed development aid to most countries in Africa. Taiwan was in a relatively good diplomatic position in Africa several years ago. Taiwan’s Deputy Secretary-General for International Cooperation and Development, Pai-po Lee, says this made it possible for …

The U.N. secretary-general and the Singaporean foreign minister voiced concerns about global trade tensions and rising protectionism during back-to-back meetings in Beijing on Sunday. Following remarks from his Chinese counterpart, Singaporean Foreign Minister Vivian Balakrishnan vowed to “double-down” on free trade and economic liberalization in tandem with China.   “This is a time in the …

Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying. And that’s just part of France’s travel troubles this month. Most French trains will screech to a halt as a strike over President Emmanuel Macron’s economic reforms resumes Saturday night – a strike that is set …

Following the success of West Virginia teachers in securing a pay raise, educators in Oklahoma and Kentucky are walking out of their classrooms, demanding that lawmakers increase education spending in their states. Arizona teachers may soon follow suit. From Washington, VOA’s Jill Craig has more. …

Federal law enforcement authorities are in the process of seizing Backpage.com and its affiliated websites. A notice that appeared Friday afternoon at Backpage.com says the websites are being seized as part of an enforcement action by the FBI, U.S. Postal Inspection Service and the Internal Revenue Service. The notice doesn’t characterize or provide any details …

The Trump administration is considering ways to require imported automobiles to meet stricter environmental standards in order to protect U.S. carmakers, The Wall Street Journal reported Friday. Responding to the story, White House spokeswoman Sarah Huckabee Sanders said President Donald Trump “will promote free, fair and reciprocal trade practices to grow the U.S. economy and …

U.S. President Donald Trump and his administration said Friday that the United States was not engaged in a trade war with China, even as Trump threatened to impose tariffs on an additional $100 billion worth of Chinese goods and Beijing warned it was willing to fight back. “This is just a proposed idea, which will …

U.S. stocks plunged again Friday over increasing concerns about a trade war between the United States and China. The Dow Jones industrial average lost 572 points by the close, shedding 2.3 percent. The Standard & Poor’s 500 dropped nearly 2.2 percent, while the NASDAQ fell nearly 2.3 percent at the end of trading. Earlier Friday, President …

Did March provide another month of blowout hiring? Was pay growth healthy? When the government issues its monthly jobs report Friday, those two questions will be the most closely watched barometers. Economists have forecast that employers added a solid 185,000 jobs in March and that the unemployment rate dipped from 4.1 percent to a fresh …

The Trump administration says China is responsible for a trade war with the United States because of its long-term unfair practices. A senior White House economic adviser said Thursday no measures have been enacted, but the situation cannot continue. U.S. President Donald Trump said the United States and China will have a “fantastic relationship” once …

Venezuela said on Thursday it was halting commercial relations with Panamanian officials and companies, including regional airline Copa, for alleged involvement in money laundering, prompting Panama to recall its ambassador. The resolution names Panamanian President Juan Carlos Varela and nearly two dozen Cabinet ministers and top-ranking officials, adding that Panama’s financial system had been used …

President Donald Trump said Wednesday the United States is not in a trade war with China, after Beijing announced plans to impose tariffs on $50 billion worth of U.S. goods in response to a similar package announced by the United States. In a Twitter post Wednesday, Trump contended, “We are not in a trade war …

Wall Street’s three major indexes staged a comeback to close around 1 percent higher Wednesday as investors turned their focus to earnings and away from a trade conflict between the United States and China that wreaked havoc in earlier trading. After investors fled equities in the morning because of proposed retaliatory tariffs from China, their concerns about a potential trade …

A jury has awarded nearly $17 million to a former Ford engineer who sued the automaker for discrimination because he says two supervisors repeatedly berated and criticized him for his Arab background and accent. The Detroit Free Press reports that a federal jury in Michigan ruled March 28 that Faisal Khalaf was subjected to workplace …

The possible closure of a major coastal tourism magnet in the Philippines for environmental cleanup will hurt business, but for a cause that helps everyone longer term, experts say. President Rodrigo Duterte said via the presidential website in March he would place Boracay Island under a “state of calamity.” The island may be shut down …

China announced Wednesday it plans to impose tariffs on $50 billion worth of U.S. goods in response to a similar package announced by the United States. The Chinese measures would boost tariffs by 25 percent on 106 U.S. products, including soybeans, aircraft and cars. China’s commerce ministry responded with its own measures less than 11 …

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