February 07, 2016 23:41 UTC

Business

Temporary Workers Taking Bigger Role in US Workforce

02/07/2016
The “gig economy” has been used to describe the new world of work in the digital age. It refers to freelance, part-time or contract-based jobs that usually do not offer benefits. More employers are using these work arrangements to cut costs. There are supporters and critics of this approach. More

Audio 40% of World’s Economy Signs TPP Trade Deal

Representatives of 12 nations signed the Trans-Pacific Partnership Thursday in New Zealand. U.S. President Barack Obama says the trade deal will reduce taxes and support a free and open Internet over time.

Audio Wages for Women Lag Years Behind Men

Women are making progress, but they are still not making as much as men, according to a World Economic Forum report. Based on current trends, it will take women 126 years to win wage equality, the report’s authors say. The most equity occurs in Northern European nations.

Video Businesses Weak on Cyber-Crime Protection

Researchers say policies designed to protect companies from cyber-attacks are not strong enough, and many computers have outdated software.

Audio Businesses Want to Ban Bad Online Reviews

Some people who posted negative online reviews about hotels, dental care and wedding services were surprised to be told they either had to take down the comments, or pay a fine. Congress is considering legislation to stop companies from punishing people who report bad experiences.

Video The Future of Bitcoins

Bitcoin is a digital currency created in 2009. You can use it to buy things online around the world. It is growing in popularity. But regulators warn that it is being used to finance operations by drug dealers, criminals and terrorists.

Audio Russia Faces Pain Over Falling Oil Prices

Russian Prime Minister Dmitry Medvedev told an economic gathering that the country’s economy would improve this year. However, low oil prices and inflation of 15 percent have made more Russians poor and hurt the middle class.

Video New York Street Vendors Battle Over Permits

A conflict is forming on the streets of New York City between legal and illegal food trucks and carts. The city grants 5,100 food vending permits every two years. The permit is issued by the Department of Health and Mental Hygiene.

Audio China Facing Weakness in Currency, Falling Stock Values

China stopped trading on its stock market Thursday for the second time this week. The value of country’s currency, the yuan, fell after the People’s Bank of China pushed down its guidance rate. Observers say the situation in both the stock and money markets could worsen in the coming days.

Audio Markets React Badly to World News, China Troubles

U.S. stock prices fell sharply Monday. This was because of tension in the Mideast between Saudi Arabia and Iran. Other factors are weaker economies in China and Europe.

Audio Zimbabwe Switches to Yuan as Reserve Currency

In a surprise move, Zimbabwe announced it would shift to the Chinese yuan as its reserve currency. As part of the deal, China agreed to cancel about $40 million of Zimbabwe’s debts due this year. The U.S. dollar is used as the major currency in the impoverished African nation.

Video Nairobi Residents Turn to Community Currency

Several low-income villages outside Nairobi are using a new community-based currency. The “pesas” are equal in value to the Kenyan shilling and can be spent in the community just like cash. The concept is growing in popularity worldwide.

Audio Wealthy Britons Get Rich Faster Than the Poor

Wealth of the country’s top 10 percent increased 21 percent between 2012 and 2014 -- three times faster than bottom half. Government report increases worries about inequality.

Audio Alibaba Buys South China Morning Post

The Alibaba Group announced last week that it is buying the South China Morning Post. This move could help Alibaba’s stock price and also win favor with Chinese policy makers.

Audio Top Business Stories in 2015

As 2015 comes to a close, here is a roundup of top business stories. The Trans-Pacific Partnership was created. China rose. Greece was bailed out. Volkswagen admitted to lying and the U.S. Federal Reserve raised interest rate for the first time in seven years.

Audio US Announces $2 Billion Arms Sale to Taiwan

The United States announced a weapons sale to Taiwan which includes frigates and missiles and China immediately voiced its concerns.The arms deal – worth nearly $2 billion - includes U.S. military equipment built in the 1970s. The equipment includes two navy frigates and amphibious assault vehicles.

Audio US Central Bank Raises Interest Rates

Federal Reserve chairperson Janet Yellen announced a .25 percent increase in the federal funds rate. It was the first time in seven years that the fed has raised its key rates.

Audio Diaspora Finance Powers Global Development

Groups of people who move away from their country — or diasporas — often send money back home. There is a growing trend to use the power of this money, called “diaspora finance,” to boost the economies in the developing world.

Audio Yahoo's Mayer Has Huge Compensation Agreement

Yahoo CEO Marissa Mayer has a huge compensation agreement. The value of her stock options in the company is very big. Despite Yahoo’s slumping share price, Mayer’s stock options are still valuable. Here’s why.

Audio Oil Prices Down, But Production Stays Up

OPEC, the group of 13 oil exporting countries, met last week to discuss the oil market. Prices continue to decrease as more oil enters world markets and demand in some countries slows. However, OPEC said production levels would remain unchanged.

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