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

Ross: US-EU Trade Deal Could be Reached

  U.S. Commerce Secretary Wilbur Ross said Wednesday a U.S.-European Union trade deal could still be reached even if the United States imposes tariffs on EU steel and aluminum imports. …

your ads here!

Beijing Warns US Against Imposing Tariffs on Chinese Goods

China vows it will fight back if the United States goes through with plans to impose huge tariffs on Chinese goods. President Donald Trump’s administration said in a statement Tuesday …

your ads here!

Interview: De Beers Sees Sparkle in Synthetic Diamond Jewelry

Anglo American unit De Beers is launching a company to sell laboratory-produced diamonds for jewelry in a departure from its century-old business model of promoting natural stones. Real diamonds created …

your ads here!

Taiwan Cannot Compete with China on Aid to Keep Foreign Allies

Taiwan will struggle to stop a shrinking pool of mostly poor diplomatic allies from shifting allegiance to its rival, China, because it lacks the amounts of money they want, experts …

your ads here!

Greek Workers Join General Strike as End of Bailout Looms

Greece’s largest labor unions are staging a general strike against plans to extend austerity measures, in a 24-hour protest that halted ferry services to the islands, and disrupted flights, public …

your ads here!

US Consumer Confidence Rebounds, House Prices Increase

Consumer confidence rebounded in May, but households were a bit pessimistic about their short-term income prospects even as they expected strong job growth to persist, which could restrain consumer spending. …

your ads here!

Trump to Impose Tariffs on $50B of China’s Tech Goods

The White House says it plans to impose 25 percent tariffs on $50 billion of Chinese goods that contain “industrially-significant technology” as trade talks between United States and China continue. …

your ads here!

Starbucks to Close Stores for Anti-Bias Training

In an effort to stem the outcry over the arrest of two black men at one of its stores, Starbucks will close 8,000 U.S. stores Tuesday afternoon for anti-bias training …

your ads here!

China Rejects US Charge of "Forced Technology Transfer’ at WTO

China told the World Trade Organization’s dispute settlement body on Monday that U.S. accusations that Beijing forced companies to hand over technology as a cost of doing business in China …

your ads here!

New Zealand Begins Mass Cull to Eradicate Cow Disease

New Zealand will slaughter more than 100,000 cows in an effort to eradicate a bacterial disease. The government and agricultural leaders announced Monday that it will spend over $600 million …

your ads here!

Myanmar’s Anti-Corruption Fight Gathers Steam

Myanmar’s anti-corruption commission has in recent weeks sued a senior bureaucrat and begun investigating a disgraced minister, indicating a crackdown on corruption promised by the government is finally happening. Often …

your ads here!

China Approves 13 New Ivanka Trump Trademarks in 3 Months

Ivanka Trump’s brand continues to win foreign trademarks in China and the Philippines, adding to questions about conflicts of interest at the White House, The Associated Press has found.   …

your ads here!

Vietnam Is Following China in its Economic Development

Vietnam is imitating China in its efforts to grow economically and lags its larger neighbor only by about a decade, experts say. The two communist countries, though political rivals, have …

your ads here!

New York Clothing Store Sells Gender Neutral Lifestyle

New shops appear in New York City every day, but Phluid Project, which recently opened its doors on Broadway, is different. One of the first gender-fluid boutiques in the world, …

your ads here!

Russia, Turkey OK Pipeline Deal, End Gas Dispute

Russian state gas giant Gazprom said Saturday it had signed a protocol with the Turkish government on a planned gas pipeline and agreed with Turkish firm Botas to end an …

your ads here!

Italy’s President Pressured to Accept Euroskeptic Minister

Italy’s would-be coalition parties turned up the pressure on President Sergio Mattarella on Saturday to endorse their euroskeptic pick as economy minister, saying the only other option might be a new election. Mattarella …

your ads here!

Kenya Moves to Regulate Digital-Fueled Lending Craze

Kenya built a reputation as a pioneer of financial inclusion through its early adoption of a mobile money system that enables people to transfer cash and make payments on cellphones …

your ads here!

Markets Disrupted as Italy’s Populists Negotiate Cabinet

Italy’s prime minister-designate, Giuseppe Conte, a political novice and obscure law professor accused of padding his resume, put the finishing touches to his cabinet lineup Friday. And initial reaction from …

your ads here!

Discharged and Jobless: US Veterans Seek Change in Hiring Rules

Military veterans who were discharged for relatively minor offenses say they often can’t get jobs, and they hope a recent warning to employers by the state of Connecticut will change …

your ads here!

Broadcom’s Tan, CBS’s Moonves Among Highest-Paid CEOs

Here are the highest-paid CEOs for 2017, as calculated by The Associated Press and Equilar, an executive data firm. The AP’s compensation study covered 339 executives at S&P 500 companies …

your ads here!

China Trade Dispute Creates Headaches for US Agriculture Industry

As tensions are easing over a potential trade war while negotiations between the U.S. and China continue, the uncertainty about tariffs and the eventual impact on the U.S. agricultural industry …

your ads here!

China Snaps up US Oil, Straining Capacity to Export It

The U.S. oil export infrastructure is straining to keep up as the country’s crude oil exports hit new highs and China snaps up more of it than ever before. U.S. …

your ads here!