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

Brazil: Deal Reached to Suspend Crippling Trucker Strike

Brazil’s government said late Thursday that a deal had been reached with truckers to suspend a 4-day-old strike that caused fuel shortages, cut into food deliveries, backed up exports and …

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Trump Signs Bill Easing Restraints on Small US Banks

U.S. President Donald Trump signed into law Thursday a measure that eases rules imposed on banks in the aftermath of the 2008 financial crisis and the Great Recession. The law …

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Buffalo: City With a Magnificent Past Fallen on Hard Times

Even though the United States is one of the richest and most technologically advanced countries in the world, about 45 million Americans live below the poverty line. In Buffalo, New …

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Deutsche Bank to Slash Thousands of Jobs to Control Costs 

Germany’s struggling Deutsche Bank is slashing thousands of jobs as it reshapes its stocks trading operation and refocuses its global investment banking business on its European base. The bank said …

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Amazon, Starbucks Pledge Money to Repeal Seattle Head Tax

Amazon, Starbucks, Vulcan and other companies have pledged a total of more than $350,000 toward an effort to repeal Seattle’s newly passed tax on large employers intended to combat homelessness. …

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Starbucks Calls Anti-Bias Training Part of ‘Long-Term Journey’

Starbucks Corp. on Wednesday revealed details of the employee anti-bias training program that will take place behind closed doors at 8,000 U.S. company-owned cafes on the afternoon of May 29. …

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Trump Says New ‘Structure’ Needed in China Trade Deal 

U.S. President Donald Trump said on Wednesday “a different structure” is needed in trade negotiations with China, but he did not provide further details on the kind of change he …

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Post-Mugabe, Zimbabweans Still Waiting for Economic Uptick

This week marks six months since Zimbabwe President Emmerson Mnangagwa took office, after Robert Mugabe gave in to military pressure and resigned. During the weekend, the 75-year-old Mnangagwa told supporters …

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Ethiopia Opens Telecoms Sector to Limited Competition

Ethiopia’s state-run telecoms monopoly has agreed to allow some local firms to provide internet services through its infrastructure, a move seen as spurring competition and expanding the data market, officials …

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Turkish Currency Hits Record Low Amid Erdogan Concerns

Turkey’s currency has fallen to a record low against the dollar amid concerns about an outflow of investor capital and the country’s ability to manage the situation. The lira weakened …

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Federal Reserve: US Households, Businesses See Good Times Ahead

Households are feeling more stable, small businesses are making money and many expect to expand and hire in the coming year, signs of continued optimism in two key parts of …

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Official: Trump Administration to Publish Proposed Rule Changes for Gun Exports

The Trump administration is preparing to publish on Thursday long-delayed proposed rule changes for the export of U.S. firearms, a State Department official said on Tuesday. The rule changes would …

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US, China Near Rescue Deal for Chinese Telecom Firm ZTE

U.S. President Donald Trump said Tuesday “there is no deal” yet to lift the seven-year ban on the sale of American-made components to the giant Chinese telecommunications company ZTE, but …

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Mexican Truckers Travel in Fear as Highway Robberies Bleed Economy

Glancing constantly at his rear view mirror, truck driver “El Flaco” journeys the highways of Mexico haunted by the memory of when he was kidnapped with his security detail by …

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Trump Claims New Accord with China on Trade Negotiations

U.S. President Donald Trump says American farmers will be big beneficiaries of more trade with China. “Under our potential deal with China, they will purchase from our Great American Farmers …

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China Puts its Own Spin on Agreement to Reduce Trade Deficit

China’s state media are playing up what it says is a trade war truce and de-escalation in tensions after negotiators from Washington and Beijing agreed to hold off on tariffs and …

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Washington Digests US-China Trade Announcement

Washington is digesting China’s stated intention to purchase more American goods and reduce the trade imbalance between the two countries. VOA’s Michael Bowman reports, last week’s talks between U.S. and …

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South Korea’s LG Group Chairman Dies at 73

South Korea’s fourth-largest conglomerate, LG Group, said its Chairman Koo Bon-moo did Sunday. Koo, 73, had been struggling with an illness for a year, LG Group said in a statement. …

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US, China Agree to Increased Trade Cooperation

China and the United States said Saturday that they had reached consensus on steps to substantially reduce the U.S. trade deficit with Beijing. The announcement followed high-level talks in Washington …

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India, EU Give WTO Lists of US Goods for Potential Tariff Retaliation

India and the European Union have given the World Trade Organization lists of the U.S. products that could incur high tariffs in retaliation for U.S. President Donald Trump’s global tariffs …

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China Ends US Sorghum Anti-Dumping Probe, OKs Toshiba Deal

China has dropped an anti-dumping investigation and given long awaited approval for the sale of Toshiba’s memory chip business, in gestures that could suggest a thaw between Beijing and the …

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EU Mulls Direct Iran Central Bank Transfers to Beat US Sanctions

The European Commission is proposing that EU governments make direct money transfers to Iran’s central bank to avoid U.S. penalties, an EU official said, in what would be the most …

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