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

Japan’s Bid to End Whaling Ban is Top Issue at Conference

Japan will once again try to get the international ban on whale hunting overturned at the global conference of the International Whaling Commission (IWC), which opened in Brazil on Monday. …

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DOE: US, Saudi Energy Ministers Meet in Washington 

U.S. Energy Secretary Rick Perry met with Saudi Energy Minister Khalid al-Falih on Monday in Washington, the U.S. Energy Department said, as the Trump administration encourages big oil-producing countries to …

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Canada’s Freeland to Hold NAFTA Talks Tuesday as Time Runs Short

Canadian Foreign Minister Chrystia Freeland will meet U.S. Trade Representative Robert Lighthizer in Washington on Tuesday for another round of talks to renew the NAFTA trade pact, an official said …

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Creditors Warn Greece on Debt Relief as Inspectors Return

Greece’s lead creditor warned the country on Monday not to stray from reforms agreed upon before the end of its international bailout, as European monitors arrived to check the nation’s …

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Zimbabwe Finance Minister: Reviving Economy is ‘Herculean’ Task

Zimbabwe’s new finance minister has described his task of reviving the country’s moribund economy as extraordinarily difficult, but he is hopeful of success. “It’s enormous, it is Herculean. I am …

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Libya Oil Company Offices Attacked, Causing Fire, Casualties

Security forces of Libya’s U.N.-backed government on Monday stormed the headquarters of the country’s national oil company in the capital Tripoli shortly after gunmen had gone into the building, shooting …

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Despite Trump Tweet, Ford says it Won’t Make Hatchback in US

Ford won’t be moving production of a hatchback wagon to the United States from China — despite President Donald Trump’s claim Sunday that his taxes on Chinese imports mean the …

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Ford Says It Will Not Move Small Car Production from China to US

Ford says it has no plans to move production of a small car from China to the United States despite President Donald Trump’s enthusiastic tweet Sunday. “It would not be …

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Flush From End of Bailout, Greek PM Announces Tax Breaks

Greek Prime Minister Alexis Tsipras on Saturday unveiled plans for tax cuts and pledged spending to heal years of painful austerity, less than a month after Greece emerged from a bailout program financed by …

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Trump Threatens to Tax Virtually All Chinese Imports to US

U.S. President Donald Trump is threatening to impose tariffs on another $267 billion worth Chinese imports, which would cover virtually all the goods China imports to the United States. The …

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Modest Premium Hikes Expected as ‘Obamacare’ Stabilizes

Millions of people covered under the Affordable Care Act will see only modest premium increases next year, and some will get price cuts. That’s the conclusion from an exclusive analysis …

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US Adds Strong 201K Jobs; Unemployment Stays at 3.9 Percent

Hiring picked up in August as U.S. employers added a strong 201,000 jobs, a sign of confidence that consumers and businesses will keep spending despite the Trump administration’s conflicts with …

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Warnings of Huge Disruption as Britain Prepares for Possible Cliff-Edge Brexit

Britain risks huge disruptions to its economy and society, including trade, transport, health care and citizens’ rights, if it leaves the European Union next March without a deal. That’s the …

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Canada’s Strong-willed Foreign Minister Leads Trade Talks

She is many things that would seem to irritate President Donald Trump: a liberal Canadian former journalist. That makes Foreign Minister Chrystia Freeland an unusual choice to lead Canada’s negotiations …

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Trump Team, Canada Officials Resume Talks to Revamp NAFTA

Trump administration officials and Canadian negotiators are resuming talks to try to keep Canada in a North American trade bloc with the United States and Mexico. “We are looking forward …

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East Africa Gets Easy Money Transfer System

An international money transfer company has launched an online service for East Africans to send and receive money more easily. Analysts say WorldRemit will lower the cost of transferring money …

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Collapsing Emerging-Market Currencies Spark Concerns

First it was Argentina, quickly followed by Turkey. Now anxious investors and policy-makers are watching with alarm the plummeting currencies of several emerging-market economies, most of which have borrowed heavily …

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Wild Blueberries Sing the Blues, With Industry in Decline

In the era of superfoods, Maine blueberries aren’t so super.   The Maine wild blueberry industry harvests one of the most beloved fruit crops in New England, but it’s locked …

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Venezuelan Gas Lines Stretch as New Payment System Flops

Frustrated Venezuelan drivers faced lengthy lines for gasoline in border states Tuesday as the government struggled to roll out a new payment system that President Nicolas Maduro says will reduce …

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Argentina Seeks Early Release of Funds from IMF

Argentina will have to wait at least until the second half of September to find out whether the International Monetary Fund will agree to the early release of a credit …

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Alaska Village Experiences Boom in Polar Bear Tourism 

A tiny Alaska Native village has experienced a boom in tourism in recent years as polar bears spend more time on land than on diminishing Arctic sea ice. More than …

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Cars Now Cruising Down the Monthly Subscription Highway

If you already subscribe to digital services like Netflix to binge on TV shows and Spotify to groove to an endless mix of music, the auto industry might have a …

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