Eike Batista, the former mining and oil magnate who was once Brazil’s richest man, was convicted and sentenced to 30 years in prison for bribing Rio de Janeiro state’s disgraced …
your ads here!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
Over 40 Countries Object at WTO to US Car Tariff Plan
Major U.S. trading partners including the European Union, China and Japan voiced deep concern at the World Trade Organization (WTO) on Tuesday about possible U.S. measures imposing additional duties on …
your ads here!Merkel Last-Ditch Migrant Deal Faces EU Headwinds
An 11th-hour deal clinched by German Chancellor Angela Merkel to rescue her fragile government by limiting migrant arrivals immediately ran into European resistance Tuesday, with neighboring Austria vowing to “protect” …
your ads here!Trump Moves to Block China Mobile’s US Entry on National Security Grounds
The U.S. government moved on Monday to block China Mobile Ltd. from offering services to the U.S. telecommunications market, recommending its application be rejected because the government-owned firm posed national …
your ads here!With Refrigerated ATMs, Camel Milk Business Thrives in Kenya
Halima Sheikh Ali is the proud owner of one of the few ATMs in Wajir town in northeast Kenya. But rather than doling out shilling notes, it dispenses something tastier: …
your ads here!EU Warns US Against Car Tariffs
The European Union has warned the United States that President Donald Trump’s threat to impose a 20 percent tariff on imported European cars would seriously hurt the U.S. economy and …
your ads here!Tesla Hits Model 3 Manufacturing Milestone, Sources Say
Tesla Inc nearly produced 5,000 Model 3 electric sedans in the last week of its second quarter, with the final car rolling off the assembly line on Sunday morning, several …
your ads here!Canada Imposes Retaliatory Tariffs on US Goods
Canada’s retaliatory tariffs on U.S. goods take effect Sunday following the Trump administration’s new tariffs on Canadian steel and aluminum. Canadian Prime Minister Justin Trudeau’s office said in a statement …
your ads here!Iran Seeks Ways to Defend Against US Sanctions
Iran is studying ways to keep exporting oil and other measures to counter U.S. economic sanctions, state news agency IRNA reported Saturday. Since last month, when U.S. President Donald Trump pulled out of …
your ads here!Trump Says Saudi King Agreed to Raise Oil Production up to 2 mln Barrels
U.S. President Donald Trump said in a tweet on Saturday that Saudi Arabia’s King Salman had agreed to his request to increase oil production “maybe up to 2,000,000 barrels” to …
your ads here!Trump Claims Saudi Arabia Will Boost Oil Production
President Donald Trump said Saturday that he had received assurances from King Salman of Saudi Arabia that the kingdom will increase oil production, “maybe up to 2,000,000 barrels” in response …
your ads here!AP Fact Check: Were Tax Cuts an ‘Economic Miracle?’
Editor’s note: A look at the veracity of claims by political figures President Donald Trump has elevated his tax cuts to an act of biblical proportions, misleadingly claiming at a …
your ads here!GM: US Import Tariffs Could Mean Fewer Jobs
General Motors Co warned on Friday that higher tariffs on imported vehicles under consideration by the Trump administration could cost jobs and lead to a “a smaller GM” while isolating …
your ads here!US Manufacturers Brace for Impact of Escalating US-China Trade Battles
Just days before the Trump administration’s tariffs on Chinese steel and aluminum imports are set to go into effect, trade analysts are watching for ripple effects across the automotive, manufacturing …
your ads here!Trump: Expect Another Tax Cut, ‘Probably in October’
U.S. President Donald Trump said he expects a second tax overhaul to be unveiled in October or a bit earlier, and he is considering cutting the corporate tax rate to …
your ads here!Canada Strikes Back at US over Tariffs, Unveils Aid Package
Canada struck back at U.S. steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) of American goods and unveiling a C$2 billion aid …
your ads here!US Consumer Spending Grew Just 0.2 Percent in May
U.S consumers increased their spending just 0.2 percent in May, a disappointing result after two months of much stronger gains. The weaker reading could raise questions about the extent of …
your ads here!Trade Dispute Hits China’s Yuan, Investors
After a sharp sell-off, China’s yuan and stock markets attempted a modest recovery Friday, yet investors were grappling with some of their worst losses in years as a bitter Sino-U.S. …
your ads here!Minnesota Approves Enbridge Energy Line 3 Pipeline Project
Minnesota regulators on Thursday approved Enbridge Energy’s proposal to replace its aging Line 3 oil pipeline across the northern part of the state. All five members of the Public Utilities …
your ads here!US Delegation Attends Kenya’s Inaugural Economic Summit
A U.S. delegation traveled to Kenya on Thursday to attend the inaugural economic summit of the American Chamber of Commerce, Kenya. About 500 delegates, including Kenyan President Uhuru Kenyatta and …
your ads here!Threats from US Put New Pressure on Iranian Oil Importers
Importers of Iranian oil are facing pressure from the United States to find another energy source or be hit with sanctions. The Trump administration is threatening other countries, including close …
your ads here!Trump to Tout Economic Policies at Foxconn Ground-Breaking
President Donald Trump was highlighting his economic policies Thursday by taking part in the ceremonial ground-breaking for a $10 billion Foxconn factory complex that may bring thousands of jobs to …
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