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

Initiatives Failing to Stop Indian Labor Abuses, Activists Say

International efforts to make it easier for garment workers in India to speak out against sexual harassment, dangerous working conditions and abuses are failing, campaigners said Tuesday. The U.S.-based certifying …

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Trump Says Panel Can Protect US Tech From China

President Donald Trump on Tuesday endorsed U.S. Treasury Secretary Steven Mnuchin’s measured approach to restricting Chinese investments in U.S. technology companies, saying a strengthened merger security review committee could protect …

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Harley Caught in Trade Spat Yet Bridges Transatlantic Divides

Daniel Baud is a veteran of Route 66, who fondly recalls riding the iconic highway spanning a large swath of the United States saddled on his motorcycle. Sporting a snowy …

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Wall Street Rebounds from Selloff on Trade Worries

U.S. stocks rose on Tuesday as gains in technology, consumer discretionary stocks and General Electric helped Wall Street recover from a sharp sell-off a day earlier on spiraling global trade …

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Trump: US Finishing Study on Tariffs on Cars From EU

U.S. President Donald Trump said on Tuesday the government was completing a study about increasing import tariffs on cars from the European Union and suggested he would take action soon. …

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Lack of CO2 Hits EU Beer, Meat Production

After beer, the summer barbecue may now be under threat in northern Europe. A shortage of carbon dioxide that has already drawn warnings from beer makers about potential production problems …

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Trump Accuses Harley-Davidson of Quitting on America

President Donald Trump on Tuesday accused motorcycle maker Harley-Davidson of quitting on the United States by moving more of its manufacturing overseas to avoid hefty new European Union tariffs on …

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EU China to Promote WTO Rules Upgrade

As Washington and Beijing teeter on the brink of a possible trade war, the European Union and China have agreed to launch a working group to promote reform at the …

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Stocks Sink as Trade Wars Loom

U.S. and European markets fell Monday as speculation over trade wars deepened worries across the globe. U.S. stocks fell more than 1 percent at the end of the day, while …

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Mnuchin: New Investment Curbs Not Specific to China

U.S. Treasury Secretary Steven Mnuchin said on Monday that forthcoming investment restrictions from the department will not be specific to China but would apply “to all countries that are trying …

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Iranian Merchants Hold Rare Protest in Capital’s Grand Bazaar

Iranian merchants in the capital’s Grand Bazaar held a rare protest Monday against the plummeting value of Iran’s currency, the rial, as other demonstrators also took to the streets. Most …

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India Speeds Up Environmental Industry Approvals, Alarms Activists

India is fast-tracking environmental clearances for projects like power plants and coal mines in a bid to propel growth, setting off alarm bells among environmentalists and affected residents who say …

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Buzz Kill: As Beer Culture Percolates, Vietnam Weighs Ad Crackdown

Vietnam has been hit with a bona fide beer bonanza.   Locals are crowding into new cavernous beer halls to imbibe the night away, expats are debuting one craft microbrewery …

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Trump Threatens New Tariffs on Trading Partners

President Donald Trump has issued a warning to U.S. trading partners that unless they remove restrictions placed on American goods, they will face “more than Reciprocity by the U.S.A.” “The …

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UK Minister Tells Companies to Stop Brexit Warnings

A British minister accused Airbus and other major companies of issuing “completely inappropriate” threats and undermining Prime Minister Theresa May in a sign of growing tensions with businesses leaders over …

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US, Russia Energy Officials to Meet, Discuss Natural Gas

U.S. Energy Secretary Rick Perry will meet Russia’s energy minister next week in Washington, a person familiar with the situation said Friday, as the two countries compete to supply global …

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Trump Threatens 20 Percent Tariff on EU Cars

U.S. President Donald Trump is threatening to impose a 20 percent tariff on vehicles assembled in the European Union and shipped to the United States, in retaliation for European tariffs …

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India Joins Countries Announcing Retaliatory Tariffs on US Products

Retaliating against the Trump administration’s tariffs on steel and aluminum imports, India has raised duties on 29 U.S. goods worth about $240 million. New Delhi made the announcement Thursday after …

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Kentucky Governor Downplays Effect of EU Tariffs on Bourbon

In comments at odds with his home state’s whiskey distillers, Kentucky’s Republican governor is downplaying fears that the European Union’s retaliatory tariffs could disrupt the booming market for the Bluegrass …

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OPEC Agrees to Increase Oil Production

OPEC ministers agreed Friday to increase oil output, a move that could ease supply fears and lower world prices, but uncertainties remain about the durability of the outcome. The agreement …

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Turkey Joins Nations Placing New Tariffs on US Products

Turkey announced Thursday that it would impose tariffs on $1.8 billion worth of U.S. goods in retaliation for U.S. President Donald Trump’s tariffs on steel and aluminum imports. The World …

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UN: 40M in US Live in Poverty

A report by the U.N. special rapporteur on extreme poverty and human rights finds 40 million people in the United States live in poverty, 18.5 million live in extreme poverty and …

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