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

India, Top Buyer of US Almonds, Hits Back With Higher Duties

India, the world’s biggest buyer of U.S. almonds, raised import duties on the commodity by 20 percent, a government order said, joining the European Union and China in retaliating against …

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For Tanzanian Farmers, Grain Harvest Is in the Bag

Maize farmers are preparing as the harvest season approaches in Tanzania’s Kondoa District.  The weather has been good and most farmers here expect bumper yields. Amina Hussein, a mother of …

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Lawmakers Grill Commerce Secretary Over Escalating Trade Battles

U.S. Commerce Secretary Wilbur Ross faced tough questions during a Senate hearing Wednesday on the Trump administration’s tariff proposals and actions. Senators on both sides of the aisle criticized the …

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China: ‘Capricious’ Trade Tactics Will Hurt US Workers

China’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues and warned that the interests of U.S. workers and farmers ultimately will be hurt …

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New Credit Rating Speaks of Vietnam’s Complicated Makeover

A decent rating from Fitch this month has Vietnam riding high on the small victory, despite some of the less favorable economic trends connected to this first-of-its-kind rating. The state …

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European Business Lobby Presses China to Stop Dragging Feet on Reform

As the United States and China teeter on the brink of an all out trade war and tit-for-tat tariffs loom, a European businesses lobby is urging Beijing to stop dragging its …

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Recycling Rubbish into Revenue, Plan Brings Hope to Women in Jordan

Sameera Al Salam folds a discarded piece of newspaper into a long strip then loops it round her finger to form a tight circle, the first stage of making the …

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China Calls Trump Threat of More Tariffs ‘Blackmail’

China calls President Donald Trump’s threat to slap more tariffs on Chinese exports to the U.S. “extreme pressure and blackmail” and threatens to retaliate. Beijing reacted Tuesday to Trump’s plan …

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Trump’s Tariffs: What They Are and How They Would Work

Is this what a trade war looks like? The Trump administration and China’s leadership have threatened to impose tariffs on $50 billion of each other’s goods. Trump has proposed imposing …

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Dreaming of Farming Empire, Kazakhs Seek Management Tips from Genghis Khan

Kazakhstan is taking management lessons from warrior-emperor Genghis Khan as it seeks to conquer neighboring countries’ food markets, Deputy Agriculture Minister Arman Yevniyev said Tuesday. The Central Asian nation, whose …

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US Patent and Trademark Office Issues 10-Millionth Patent

The 10 millionth patent has been issued in the United States, almost 228 years after President George Washington signed the first one. The United States Patent and Trademark Office issued …

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Official: US Defending Itself Against China’s Economic Aggression

The top White House trade official says the United States is defending itself from China’s economic aggression after President Trump threatened China with new tariffs on $200 billion worth of …

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China Warns US of ‘Countermeasures’ Against Possible New Tariffs

China says it will take appropriate countermeasures if the United States follows through with additional tariffs on Chinese goods.  U.S. President Donald Trump announced Monday that he had asked the …

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Trump’s Tariff War Threatens to Erode Support of Farmers

President Donald Trump’s tariff battle with key buyers of U.S. apples, soybeans and corn threatens the support of some of his biggest backers – U.S. farmers now seeing their livelihoods …

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South American Trade Bloc Eyes New Deals as EU Talks Drag On

Leaders of South American trade bloc Mercosur pushed for trade deals with Asian and other Western Hemisphere countries during a summit on Monday, as roadblocks remained in talks with the …

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Laos Announces Another Controversial Dam on the Mekong

The Laos government has announced plans for a fourth major dam on the Mekong mainstream just months after the feasibility of another of its hydroelectric projects was thrown into question …

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Upping Ante, Trump Threatens New Tariffs on Chinese Imports

President Donald Trump directed the U.S. Trade Representative to prepare new tariffs on $200 billion in Chinese imports Monday as the two nations moved closer to a potential trade war. …

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Audi CEO Arrested in Emissions Scandal Probe

German authorities have arrested the chief executive of Volkswagen’s Audi division, Rupert Stadler. He was arrested Monday as part of an investigation about cars Audi sold in Europe that are …

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Food Truck Serves up Tacos to Unite Latinos And Muslims

Nothing brings people together more naturally and more easily than food. This was the idea behind a project called #TacoTrucksAtEveryMosque. But the food truck owners who initiated the project don’t …

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Kenya’s President Mandates Lifestyle Audit for Public Servants

Kenya’s President Uhuru Kenyatta has intensified his war on graft by announcing that all public servants will undergo a compulsory lifestyle audit to account for their sources of wealth. This …

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World Bank: Remittance Flows Rising After Years of Decline

After two consecutive years of decline, remittances, the money migrant workers send home, increased in 2017 according to figures released by the World Bank. Remittances are a significant financial contribution …

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Poll: Ticked at Trump, Canadians Say They’ll Avoid US Goods

Seventy percent of Canadians say they will start looking for ways to avoid buying U.S.-made goods in a threat to ratchet up a trade dispute between Prime Minister Justin Trudeau and U.S. President …

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