Economy

Economy news. Economy refers to the system of production, distribution, and consumption of goods and services within a society. It encompasses everything from individual spending and business operations to government policies and international trade. The economy is influenced by numerous factors, including supply and demand, inflation, employment rates, and fiscal policies

UN Sees Poverty Hope in African Uptake of Child Welfare Payments

The spread of state welfare for children around Africa has the potential to make a major dent in global poverty, the United Nations said on Wednesday. Children account for the …

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AP Source: Trump to Tap Critic of Agency to Lead World Bank

President Donald Trump plans to nominate David Malpass, a Trump administration critic of the World Bank, to lead the institution.   That’s according to a senior administration official who spoke …

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US Trade Agency Sees Negotiating New WTO Rules to Rein in China as Futile

Negotiating new World Trade Organization rules to try to rein in China’s “mercantilist” trade practices would be largely a futile exercise, the Trump administration’s trade office said on Monday, vowing …

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Brazil Mulls Minimum Retirement Age of 65 for Men and Women

Brazil’s government has opened discussions with congressional leaders, state governors and mayors on a pension reform bill that would set the minimum retirement age for men and women at 65, …

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For Migrants in Russia, Shattered Dreams and Uncertain Futures

Long before she became just one of the financially destitute legions of street sweepers that dot Moscow’s bitterly cold winter landscape, Shaknoza Ishankulova had simply wanted to do the right …

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Trump Likely to Take Credit for US Economic Success in State of Union Speech

U.S. President Donald Trump is expected to praise the U.S. economy and insist on the need for a physical barrier on the U.S. border with Mexico in his upcoming state …

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Report: Huawei CFO May Fight Extradition by Claiming US Political Motive

Huawei executive Meng Wanzhou, who was arrested in Canada and faces possible extradition to the United States, is exploring a defense that claims U.S. charges against her are politically motivated, …

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Tech Women in Silicon Valley Likely to Be Foreign-Born

Pushpa Ithal may not fit the stereotype of the typical Silicon Valley CEO — she’s female, foreign-born, and a mother. Nevertheless, Ithal is an entrepreneur, living the Silicon Valley dream …

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Zimbabwe Teachers to Strike, Ignoring Government Appeal

Zimbabwean teachers will go ahead with a national strike from Tuesday after last-ditch negotiations with the government failed, unions said, risking more unrest after violent protests last month. The main …

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US, China Will Be Big Losers in Tit-for-Tat Trade Wars, UN Report Says

A new report from U.N. Conference on Trade and Development warns the U.S.-China trade wars will negatively impact international trade, with the two economic superpowers emerging among the biggest losers. …

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Fears of Street Riots as British Economy Takes Brexit Hit

British lawmakers are debating new proposals on the European Union Withdrawal Agreement this week, amid a series of stark warnings over the consequences of Britain crashing out with no deal …

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Nissan Cancels Plans to Make SUV in UK

Nissan announced Sunday it has cancelled plans to make its X-Trail SUV in the UK — a sharp blow to British Prime Minister Theresa May, who fought to have the …

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Business Space for Women Fosters Creativity, Cooperation

Finding a comfortable working environment can sometimes be difficult, especially for women working in male-dominated fields like science and technology. But some new startups are all about creating spaces that …

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Optimism, But No Concrete Progress at US-China Trade Talks

The most recent round of trade talks between the United States and China concluded in Washington this week with no firm deal other than a commitment to keep talking. Nike …

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Why Wealthy Americans Are Renting Instead of Buying

Although they can afford to purchase a home, more well-to-do Americans are choosing to rent instead. The number of U.S. households earning at least $150,000 annually that chose to rent …

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Robust Job Gain in January Shows US Economy’s Durability

U.S. employers shrugged off last month’s partial shutdown of the government and engaged in a burst of hiring in January, adding 304,000 jobs, the most in nearly a year. The …

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Hit by Sanctions, Asia’s Iran Crude Oil Imports Drop to 3-Year Low in 2018

Iranian crude oil imports by Asia’s top four buyers dropped to the lowest volume in three years in 2018 amid U.S. sanctions on Tehran, but China and India stepped up …

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Ghirardelli, Russel Stover Fined over Chocolate Packaging

Ghirardelli and Russell Stover have agreed to pay $750,000 in fines after prosecutors in California said they offered a little chocolate in a lot of wrapping. Prosecutors in Sacramento, San …

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Trump Order Asks Federal Fund Recipients to Buy US Goods

President Donald Trump will sign an executive order Thursday pushing those who receive federal funds to “buy American.” The aim is to boost U.S. manufacturing. Peter Navarro, director of the …

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Need for Speed: Carts on Rails Help Manila’s Commuters Dodge Gridlock

Thousands of commuters flock to Manila’s railway tracks every day, but rather than boarding the trains, they climb on to wooden carts pushed along the tracks, to avoid the Philippine …

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Lawmakers Attempt to Rein in President’s Tariff Power

U.S. lawmakers on Wednesday introduced legislation to limit the president’s power to levy import tariffs for national security reasons. The bills face an uncertain future but underscore bipartisan concerns on …

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Trump Organization to Use E-Verify for Worker Status Checks

The Trump Organization, responding to claims that some of its workers were in the U.S. illegally, said on Wednesday that it will use the E-Verify electronic system at all of …

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