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

Turkish Inflation Soars, Fueling Fears of Economic Crisis

Turkey saw the inflation rate rise to nearly 18 percent in August, a 15-year high fueled by a collapse in the Turkish lira, which fell more than 20 percent over …

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Yemen to Give Civil Servants Raises; Protests Rage Against Economy

Yemen’s government says it is giving civil servants and pensioners pay raises, after protests against the country’s woeful economy nearly paralyzed a major port city Sunday. Officials have not said …

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Trump’s Pollution Rules Rollback to Hit Coal Country Hard

It’s coal people like miner Steve Knotts, 62, who make West Virginia Trump Country. So it was no surprise that President Donald Trump picked the state to announce his plan …

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Maduro Buys Gold to Boost Savings Amid Five-digit Inflation

President Nicolas Maduro said he is investing part of his personal savings in a gold-backed certificate as part of a much-questioned plan to crush hyperinflation and reactivate Venezuela’s moribund economy. …

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UN Official Sees Over $1B in Fresh Aid for Lake Chad Region

More than $1 billion in fresh aid will likely be pledged at a conference of donors to the drought-plagued region around Lake Chad, U.N. humanitarian chief Mark Lowcock said on …

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Bonbast Website: Iranian Rial Hits Record Low at 128,000 to Dollar

The Iranian rial hit a record low against the U.S. dollar on the unofficial market Monday amid a deterioration in the economic situation and the reimposition of sanctions by the …

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Trump Sees Mixing Trade, Foreign Policy as Good Politics

When President Donald Trump pulled the plug on an upcoming trip to North Korea by his secretary of state, he pointed a finger of blame at China and the global …

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Hope, Caution as Kim Jong Un Shifts to North Korea’s Economy

Tanned and wearing a swimsuit, So Myong Il walks to the barbecue pit and throws on some clams.   He obviously loves the beach he’s on as well as the …

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IOM: Returning Nigerian Migrants Benefit from Business Training Skills

The International Organization for Migration reports more than 270 Nigerian migrants who recently returned from Libya have completed a skills training course to help them start their own businesses. Migrants …

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Bankers Seek Consolation Prizes After Shelved Aramco IPO

Investment banks which lost out on big payouts for the work on the shelved listing of oil giant Aramco are lining up for a raft of other projects as Saudi …

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Internship Aims to Create More Diversity in Hollywood Behind the Scenes

The film industry organization that presents the Academy Awards is also developing young talent through a program called Academy Gold — an internship and mentoring program for students and young …

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Forget About Buying a House, Some See Advantages to Co-Living

Owning your home is the most popular definition of the American Dream. But in today’s economy, more Americans are opting out of buying or renting. Some are choosing to live …

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Scientists: Less Food for People as Global Warming Makes Insects Eat More

A new U.S. study finds that when temperatures around the world start creeping up, insects that eat crops will not only become hungrier, their numbers will grow. Scientists say this …

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Activists: Proposed Myanmar Highway ‘Ecological, Social Disaster’

Community and conservation groups in Myanmar have branded a planned highway linking a port project to Thailand an “ecological and social disaster,” saying it would uproot indigenous people from their …

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US to Proceed With Mexico Trade Pact, Keep Talking to Canada

U.S. President Donald Trump notified Congress on Friday of his intent to sign a trade agreement with Mexico after talks with Canada broke up earlier in the day with no immediate deal to …

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Coca-Cola Hopes for Caffeine Hit as It Buys Costa Coffee Chain

Coca-Cola is hoping for a caffeine-fueled boost with the acquisition of British coffee chain Costa. Costa is Britain’s biggest coffee company, with over 2,400 coffee shops in the U.K. and …

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US Ports Fear Tariffs Could Reduce Ship Traffic, Jobs

Ports and ground terminals in nearly every state handle goods that are now or will likely soon be covered by import tariffs. Port executives worry that this could mean a …

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Canada, US Push Toward NAFTA Deal by Friday

Top NAFTA negotiators from Canada and the United States increased the pace of their negotiations Thursday to resolve final differences to meet a Friday deadline, with their Mexican counterpart on …

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Trump OKs Tariff Relief for Three Countries

U.S. President Donald Trump has signed proclamations permitting targeted relief from steel and aluminum quotas from some countries, the U.S. Commerce Department said on Wednesday. Trump, who put in place …

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Trump, Trudeau Upbeat About Prospects for NAFTA Deal by Friday

The leaders of the United States and Canada expressed optimism on Wednesday that they could reach new NAFTA deal by a Friday deadline as negotiators prepared to talk through the …

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US Economy Grows a Bit Faster Than First Thought

The U.S. economy expanded at a 4.2 percent annual rate in April, May and June, the Commerce Department said Wednesday. The second-quarter growth figure for gross domestic product was one-tenth …

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Britain Seeks Ways to Continue Trading with Iran

British officials have been turning to Japan for tips on how to dodge American sanctions on Iran, according to local media. Britain is already seeking from Washington exemptions from some …

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