Business
Latest stories
USAID workers will be given 15 min to clear workspaces as agency gets dismantled

Thousands of U.S. Agency for International Development workers who have been fired or placed on leave as part of the Trump administration's dismantling of the agency are being given a brief window Thursday and Friday to clear out their workspaces.

USAID placed 4,080 staffers who work across the globe on leave Monday. That was joined by a "reduction in force" that will affect another 1,600 employees, a State Department spokesman said in an emailed response to questions.

W140 Full Story
France joins U.S. in seeking access to Ukraine minerals

France is also seeking access to Ukraine 's deposits of critical minerals, with negotiations already underway for months, the French defense minister said Thursday, indicating that the United States isn't the only player.

Ukrainian leader Volodymyr Zelenskyy is expected Friday at the White House to sign a minerals deal with the United States. President Donald Trump made the announcement Wednesday.

W140 Full Story
Ukraine agrees on US minerals deal, seeking Trump support

Kyiv and Washington have agreed a deal to give the United States access to Ukrainian mineral resources, following a spat between U.S. President Donald Trump and Ukrainian leader Volodymyr Zelensky.

Key details of the accord remain unclear: exactly how much money is at stake? Will the deal provide security guarantees for Ukraine?

W140 Full Story
EU executive plans major economy reset as critics fear climate will suffer

The European Union executive on Wednesday announced plans for a major revamp of its economic strategy to meet demands of the bloc's captains of industry who have long complained about excessive taxation, sky high energy prices and an overbearing bureaucracy that makes the bloc unattractive.

At the same time, environmental groups say that far-reaching deregulation and the boosting of conditions for energy-intensive companies will come at the cost to the EU's ambitious climate targets.

W140 Full Story
US missing again as G20 finance chiefs meet in South Africa

Finance ministers and central bank chiefs from the Group of 20 developed and developing nations gathered in South Africa on Wednesday for a two-day meeting marked by the absence of U.S. Treasury Secretary Scott Bessent and several other high-profile figures.

Bessent's absence follows a boycott of a G20 foreign ministers meeting in South Africa last week by U.S. Secretary of State Marco Rubio as the Trump administration has been openly critical of the country and its G20 themes. Bessent said he couldn't attend because of commitments in Washington.

W140 Full Story
US, Ukraine close in on mineral deal: What changed, and what comes next?

Negotiations between U.S. and Ukrainian officials over continued American military aid in exchange for access to Ukraine's valuable mineral resources are gaining traction after a rocky start, something Kyiv hopes will help secure long-term support for its defense against Russia.

Ukraine has offered to strike a deal with President Donald Trump which would supply the U.S. with rare earth elements — critical for various technologies. Trump said that he wanted such a deal earlier this month, and it was initially proposed last fall by Ukrainian President Volodymyr Zelenskyy as part of his plan to strengthen Kyiv's hand in future negotiations with Moscow.

W140 Full Story
US imposes more sanctions on Iranian oil trade as Trump calls to drive exports 'to zero'

The U.S. on Monday imposed sanctions on dozens of people and oil tankers across China, the United Arab Emirates, India and other jurisdictions for allegedly helping to finance Iran and its support for militant groups that launch attacks against the U.S. and its allies.

The U.S. Treasury and the U.S. State departments sanctioned more than 30 people and ships, including the heads of Iran's National Iranian Oil Co., and the Iranian Oil Terminals Co., for their role in brokering the sale and transportation of Iranian oil. The sanctioned ships move crude oil valued in the hundreds of millions of dollars, according to the Treasury.

W140 Full Story
Trump says Canada, Mexico tariffs 'going forward' with more import taxes to come

President Donald Trump said Monday that his tariffs on Canada and Mexico are starting next month, ending a monthlong suspension on the planned import taxes that could potentially hurt economic growth and worsen inflation.

"We're on time with the tariffs, and it seems like that's moving along very rapidly," the U.S. president said at a White House news conference with French President Emmanuel Macron.

W140 Full Story
Coca-Cola appeal to Palestinians fizzles as war boosts demand for local look-alike

Order a Coke to wash down some hummus in the Israeli-occupied West Bank these days and chances are the waiter will shake his head disapprovingly — or worse, mutter "shame, shame" in Arabic — before suggesting the popular local alternative: a can of Chat Cola.

Chat Cola — its red tin and sweeping white script bearing remarkable resemblance to the iconic American soft drink's logo — has seen its products explode in popularity across the occupied West Bank in the past year as Palestinian consumers, angry at America's steadfast support for Israel in its war against Hamas in Gaza, protest with their pocketbooks.

W140 Full Story
Zelensky says progress made on reaching agreement on rare minerals deal with US

A contentious Trump administration proposal to give the U.S. $500 billion worth of profits from Ukraine's rare earth minerals as compensation for its wartime assistance to Kyiv has been taken off the table, President Volodymyr Zelensky said Sunday, indicating a more equitable deal is in the works.

Zelensky had earlier declined a U.S. draft agreement on exploitation of his country's valuable minerals such as lithium used in the aerospace, defense and nuclear industries because it did not contain security guarantees and came with the $500 billion price tag.

W140 Full Story