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 Predicts Growth in World Fish Production

World fish production is expected to grow over the next 10 years despite a slowdown in both farmed and wild caught fish, the U.N.’s food agency said. In a new …

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Mother Homeschools 14 Children, Builds Multimillion-Dollar Business

What started as a simple desire to be able to provide for her children has turned into a multimillion-dollar business for Tammie Umbel of Dulles, Virginia. She not only runs …

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Mexico’s Next President Aims to End Fuel Imports

Mexican President-elect Andres Manuel Lopez Obrador will seek to end the country’s massive fuel imports, nearly all from the United States, during the first three years of his term while also boosting …

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Shipping Giant Exits Iran, Fears US Sanctions

One of the world’s biggest cargo shippers announced Saturday that it was pulling out of Iran for fear of becoming entangled in U.S. sanctions, and President Hassan Rouhani demanded that European countries to …

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Solid Job Gains Overshadowed by Threat of US-China Trade War

The opening shots have been fired in what some fear may be the start of a major trade war. China retaliating at midnight Friday with equivalent tariffs on U.S. goods …

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Syrian Refugees in Jordanian Camp Recycle Mounds of Trash for Cash

Amid the very real hardships Syrian refugees face, little has been said about another major health and humanitarian issue: What to do with the massive accumulations of trash and waste. …

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How Trade Fight Impacts National Economies, Ordinary People

The political squabbling between China and the United States over trade and other issues affect the world’s two largest economies through a variety of mechanisms with unpredictable results.  For example, …

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Trump’s Tariffs: What They Are, How They’ll Work

So is this what a trade war looks like? The Trump administration and China’s leadership have imposed tens of billions of dollars in tariffs on each other’s goods. President Donald …

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US Adds Solid 213,000 Jobs; Unemployment Up to 4%

U.S. employers kept up a brisk hiring pace in June by adding 213,000 jobs, a sign of confidence in the economy despite the start of a potentially punishing trade war …

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Likely Impact of US-China Trade War: Prices Up, Growth Down

The world’s two biggest economies have fired the opening shots in a trade war that could have wide-ranging consequences for consumers, workers, companies, investors and political leaders. The United States …

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Trump Tariffs Take Effect; China Retaliates

U.S. tariffs against Chinese imports took effect early Friday, a day after President Donald Trump made clear he is prepared to sharply escalate a trade war between the world’s two biggest economies. The …

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Kenya’s Digital Taxi Services Paralyzed, Strike Enters 4th Day

Drivers of Kenya’s digital taxis shut down operations Monday in protest of what they term as exploitative corporate practices. They say the firms are charging low rates to their clients, …

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Illegal Cigarette Trade Costing S. Africa $510 mln a Year

South Africa has become one of the biggest markets for illegal cigarette sales and is losing out on 7 billion rand ($514 million) a year in potential tax revenue, a …

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Merkel Would Back Cutting EU Tariffs on US Car Imports

German Chancellor Angela Merkel said on Thursday she would back lowering European Union tariffs on U.S. car imports, responding to an offer from Washington to abandon threatened levies on European …

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Unemployment Among Saudis Hits Record 12.9 %

Unemployment among Saudi citizens edged up to a record 12.9 percent in the first quarter of this year as private employers struggled under the weight of a new tax and …

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Iran’s OPEC Boss: Trump’s Tweets Have Added $10 to Oil Prices

U.S. President Donald Trump, who recently called on OPEC producers to help reduce oil prices, has raised prices through his tweets, Iranian OPEC Governor Hossein Kazempour Ardebili was quoted as …

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Ford Says No Plans for Now to Hike China Prices

U.S. car maker Ford Motor Co said on Thursday it has no plans currently to hike retail prices of its imported Ford and Lincoln models in China, despite steep additional …

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US Offers German Automakers Solution to Trade Spat, Report Says

United States Ambassador to Germany Richard Grenell reportedly told German auto makers Wednesday the U.S. would back off threats of tariffs on European car imports in exchange for the European …

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Europe Could Suffer Collateral Damage in US-China Trade War

European businesses are unsettled as they watch the U.S. and China collide over trade. And for good reason: the nascent global trade war could represent the biggest single threat to …

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China Presses Europe for Anti-US Alliance on Trade

China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump’s trade policies at a summit this month, but it’s facing resistance, European officials said. …

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Cuban Flagship Airline’s Woes Deepen After Crash

In the busy summer travel period in Cuba, a long line of people wait for hours in the sweltering heat outside the Havana office of state-owned airline Cubana, many of …

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US Allows ZTE Transactions to Maintain Networks

The U.S. Commerce Department on Tuesday granted a temporary reprieve to ZTE that allows China’s No. 2 telecommunications equipment maker to conduct business needed to maintain existing networks and equipment in the United …

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