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

Report: Failure to Educate Girls Could Cost World $30 Trillion

Failing to let girls finish their education could cost the world as much as $30 trillion in lost earnings and productivity, yet more than 130 million girls are out of …

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Kenya Uber to Keep Fares Unchanged for Now, Following Drivers’ Strike

Uber’s business in Kenya said on Friday it will keep its fares unchanged for now, after associations representing taxi drivers in the country signed a deal giving guidelines for better …

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US Farmers Brace for Long-Term Impact of Escalating Trade War

As farmer Brian Duncan gently brushes his hands over the rolling amber waves of grain in the fields behind his rural Illinois home, this picturesque and idyllic American scene belies …

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US Farmers Brace for Long Term Impact of Escalating Trade War

U.S. farmers are beginning to feel the effects of tariffs imposed by China in retaliation for U.S. tariffs on Chinese steel and aluminum. As VOA’s Kane Farabaugh reports, while the …

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US Lawmakers Blast Trump on Tariffs

U.S. senators Thursday continued a bipartisan rebuke of President Donald Trump’s punitive trade strategy, one day after an overwhelming vote asserting a congressional role in the imposition of tariffs for …

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A Look at Euro-Russian Energy Deal Opposed by Trump

President Donald Trump’s criticism of Germany’s involvement in a natural gas pipeline deal with Russia launched a tense two days of NATO meetings in Brussels — but it also may …

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US to Appeal Approval of AT&T Acquisition of Time Warner

The U.S. Justice Department said Thursday that it would appeal a federal judge’s approval of AT&T Inc.’s $85.4 billion acquisition of Time Warner. The Justice Department opted in June not to seek …

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Saudi Prince Alwaleed Pledges Support for Crown Prince’s Reforms

Saudi Arabian billionaire Prince Alwaleed bin Talal, who was detained for three months in an anti-corruption campaign under Crown Prince Mohammed bin Salman, pledged support on Thursday for the young …

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UK Nears Decision to Buy Boeing AWACS Planes, Sources Report

Britain’s government is nearing a decision to buy four to six surveillance planes built by U.S. aerospace giant Boeing, sources familiar with the plans said Thursday — a move that …

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US Soon to Leapfrog Saudis, Russia as Top Oil Producer

The U.S. is on pace to leapfrog both Saudi Arabia and Russia to become the world’s biggest oil producer. The latest data released by the Energy Information Administration shows U.S. …

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Nigeria’s Buhari Says He Will Soon Sign Up to African Free Trade Pact

Nigeria’s President Muhammadu Buhari said on Wednesday the country will soon sign up to a $3 trillion African free trade zone. Nigeria is one of Africa’s two largest economies, the …

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China Jolted by US Tariffs on Chinese Imports

China expressed shock Wednesday at the Trump administration’s decision to prepare 10-percent tariffs on another $200 billion of Chinese imports covering thousands of products, the latest move in an escalating …

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Trump’s Steel Tariff Squeezes US Can Manufacturer

The Trump administration’s 25 percent tariff on imported steel has been welcomed by U.S. producers of the material but slammed by American manufacturers that rely on a global steel supply …

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Bike-Share Programs Battle for Paris Turf

Grabbing a bicycle from a docking station and riding the streets of Paris used to be one of the city’s many charms, but the once-loved Velib system has fallen into …

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US Imposes Tariffs on Another $200B of Chinese Imports

The United States has decided to impose tariffs on $200 billion worth of imports from China after efforts to negotiate a solution to a trade dispute failed to reach an …

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Everybody Needs Good Neighbors: Melbourne Moves into Community-led Housing

In an ideal world, Alex Fearnside would cycle home from work, park his bike in the basement of his apartment complex in Melbourne city center, then jog upstairs through a …

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OPEC to Canada: Build Pipelines or Watch Investment Flow South

The president of OPEC urged Canada on Tuesday to invest in infrastructure to move oil and gas, or risk watching investment flow away to the United States. The Canadian government …

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Iran Drops Effort to Set Single Exchange Rate as Rial Sags

Iran formally opened a secondary market for hard currency Tuesday, abandoning after three months an effort to dictate a single exchange rate for the rial against the dollar as the …

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Uber Poised to Make Investment in Scooter-rental Business

Uber is getting into the scooter-rental business.   The ride-hailing company said Monday that it is investing in Lime, a startup based in San Mateo, California.   “Our investment and …

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Trump Threatens to ‘Respond’ to Drug Companies That Hiked Prices

President Donald Trump is threatening to “respond” after several major U.S. drug companies raised prices of some widely prescribed medicines. “Pfizer and others should be ashamed that they have raised …

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How China’s Chickens are Going to Lay a Billion Eggs a Day

Behind a row of sealed red incubator doors in a new facility in northern China, about 400,000 chicks are hatched every day, part of the rapidly modernizing supply chain in …

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Russia’s ACRA Rating Agency Says More Sanctions Are Key Risk

The possibility of more Western sanctions against Moscow is the key risk for the Russian economy, as much as 21 percent of which has already felt the impact of existing …

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