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

US Officials Threaten Russia with ‘Much More Economic Pain’

Washington is prepared to impose more economic pain on Russia if it does not change its behavior, Trump administration officials said on Tuesday, as U.S. lawmakers pushed for stronger measures …

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South Africa’s Land Bank: Land Expropriation Could Trigger Default

South Africa’s state-owned Land Bank said on Monday a plan to allow the state to seize land without compensation could trigger defaults that could cost the government 41 billion rand …

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Born Out of the Financial Crisis, Bull Market Nears Record

The bull market in U.S. stocks is about to become the longest in history.   If stocks don’t drop significantly by the close of trading Wednesday, the bull market that …

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Paul Allen’s Space Firm Details Plans for Rockets, Cargo Vehicle

The space company of billionaire Microsoft co-founder Paul Allen on Monday unveiled details of medium-lift rockets and a reusable space cargo plane it is developing, injecting more competition into the …

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Cuban Farmers Shrug Off Promise of Private Ownership

Cuba’s decision to change its constitution and allow private property ownership has been shrugged off by small farmers, who say the island will never feed itself without far broader reform …

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Foreign Automakers Oppose Trump NAFTA Plan as US-Mexico Talks Resume

Foreign-brand automakers with U.S. plants do not support Trump administration rules to raise the amount of local content in North American-made vehicles, a group representing companies including Toyota, Volkswagen AG …

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Greeks See Little Cause for Joy as 8-Year Bailout Era Ends

There’ll be no dancing in the moonlit streets of Athens. For all the official pronouncements that Greece’s eight-year crisis will be over as its third and last bailout program ends …

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Iran Oil Minister: France’s Oil Giant Total Pulls Out of Iran

Iran’s oil minister says France’s oil giant Total SA has pulled out of Iran after cancelling its $5 billion, 20-year agreement to develop the country’s massive South Pars offshore natural …

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Vietnam Control Inflation, Avoid Broader Economic Fallout

Vietnam is trying to get a grip on inflation that might otherwise threaten its quick economic growth again as it did a decade ago, analysts and domestic media say. Consumer …

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Euro Fund: Greece Has Officially Exited Bailout Program

“For the first time since early 2010, Greece can stand on its own feet,” the European Stability Mechanism (ESM) rescue fund said as Athens exited its final, three-year international bailout …

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From Beer to the Bakery: How One Entrepreneur Recycles Spent Grains into Flour

Americans drink a lot of beer, according to the Beer Institute, almost 100 liters for every drinking age American each year. That’s a lot of malted barley, the main ingredient …

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Maduro Unveils New Banknote, Other Economic Reforms

Uncertainty reigned in Venezuela Saturday after President Nicolas Maduro unveiled a major economic reform plan aimed at halting the spiraling hyperinflation that has thrown the oil-rich, cash-poor South American country …

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Turkey’s Economic Crisis Rattles Global Markets

A budding trade war between the U.S. and Turkey over a detained American pastor is having global consequences. A sharp drop in Turkey’s lira, inflation and the threat of loan …

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Economic Fears Grip Turkey

Turkey’s currency this month has suffered heavy falls triggered by U.S.-Turkish tensions over the ongoing detention of an American pastor. Washington’s threat to impose new economic sanctions sparked another steep …

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Tesla Stock Drops; Musk Under Fire

Tesla shares dropped nearly 9 percent in value Friday, amid reports of CEO and co-founder Elon Musk meeting with the U.S. Securities and Exchange Commission (SEC). Musk wrote on Twitter …

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Stocks Jump as Hopes Rise for Progress on China Trade Talks

Stocks rose late in the day Friday as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported that the …

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Benjamin Smith New CEO of Air France-KLM; Unions Concerned

Unions at Air France-KLM voiced concern after the company appointed Benjamin Smith as the new CEO with the support of the French state. The company said Thursday that Smith, who …

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Trump Asks SEC to Review Practicality of Quarterly Corporate Reports

President Donald Trump says he’s asking federal regulators to look into the effectiveness of the quarterly financial reports that publicly traded companies are required to file. In a tweet early …

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Retailers Count on Unique Back to School Supplies to Attract Kids, Parents

As summer comes to a close and kids prepare to head back to school, retailers are counting on novelty items such as scented markers and glitter glue to help win …

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Ag Minister: Ban on Glyphosate Would Be ‘Disaster’ for Brazil Agriculture

A potential ban on the popular herbicide glyphosate in Brazil over concerns it may cause cancer in humans would be a “disaster” for the country’s agricultural industry, Agriculture Minister Blairo …

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Finance Minister: Turkey Will Emerge Stronger from Lira Crisis Despite Row with US

Finance Minister Berat Albayrak assured international investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting its banks were healthy and signalling it could ride out a …

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US Charges 22 Chinese Importers with Smuggling Counterfeit Goods into US

A federal court in New York has charged 22 Chinese importers with smuggling nearly half-a-billion dollars in counterfeit goods into the United States from China. The fake products include such …

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