Soon after presenting his credentials to the German president, the new U.S. ambassador to Germany, Richard Grenell, told German companies to start leaving Iran. “As Donald Trump said, U.S. sanctions …
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
Yemeni Car Traders Cash In on Japan Connection
Wooden dhows crammed with secondhand Japanese cars have been sailing unhindered into Yemeni ports for the past three years despite rigid wartime controls on imports of aid and other vital …
your ads here!Disney Seeks New Frontiers as More People Watch Video Online
Disney is seeking new frontiers. The media company launched its $5-a-month sports streaming service, ESPN Plus, last month, and it signed a deal with Twitter this month to create Marvel, …
your ads here!Iran Faces Banking Turmoil After US Nuclear Deal Exit
Some Iranians had been cashing in their savings even before U.S. President Donald Trump’s announcement he would pull out from the international nuclear deal with Iran, straining a banking system …
your ads here!Trump Proposing Billions in Spending Cuts to Congress
The Trump administration is unveiling a multibillion-dollar roster of proposed spending cuts but is leaving this year’s $1.3 trillion catchall spending bill alone. The cuts wouldn’t have much impact, …
your ads here!Australia to Release Budget with Looming Election in Mind
Australia’s government is expected to release annual spending plans on Tuesday with a focus on winning votes at elections due within a year. Cheaper craft beer plus personal tax cuts …
your ads here!ConocoPhillips Moves to Take Key Venezuelan Oil Operations
U.S. oil giant ConocoPhillips is pressing for control of Venezuela’s key offshore operations in the Caribbean, seeking to recoup $2 billion from a decade-old dispute with the nation struggling to …
your ads here!US-China Tensions Climb Over ‘Orwellian Nonsense’ on Airlines
As the United States considers ramping up trade tariffs and other actions in response to China’s economic policies, tensions in another area heated up in recent days: How airlines should …
your ads here!Egypt Approves Law to Govern Popular Ride-Hailing Apps
Egypt’s parliament has approved a law to govern popular ride-hailing apps Uber and Careem, which had faced legal challenges stemming from regulations designed for traditional taxis. The new law, as …
your ads here!Air France’s Stock Sinks as Government Warns on Its Future
Air France’s share price dived Monday after its CEO quit and the French government warned that the country’s flagship carrier might collapse. A new strike Monday over wage demands, meanwhile, …
your ads here!‘Cook It, Save It, Share It’ Campaign Fights Food Waste
An innovative consumer awareness campaign will be launched this summer in several cities in the United States. The campaign is aimed at preventing the waste of food that costs the …
your ads here!US Trade Delegation to Brief Trump After Talks in China
The U.S. and China ended the second day of high level talks Friday aimed at avoiding a possible trade war. The U.S. delegation, headed by Treasury Secretary Steven Mnuchin, will …
your ads here!US Unemployment Rate 3.9 Percent, Lowest Since 2000
President Trump reveled in the 3.9 percent U.S. unemployment rate Friday, following the release of figures by the Bureau of Labor Statistics. But some say that these numbers don’t tell …
your ads here!Trump Team Demands China Slash Trade Surplus, Tariffs
The Trump administration has drawn a hard line in trade talks with China, demanding a $200 billion cut in the Chinese trade surplus with the United States, sharply lower tariffs …
your ads here!Nigerian, Chinese Central Banks Agree to Currency Swap
The Central Bank of Nigeria (CBN) and Peoples Bank of China (PBoC) have agreed on a currency swap worth $2.5 billion to reduce their reliance on the U.S. dollar in …
your ads here!US Adds Modest 164,000 Jobs; Unemployment Down
U.S. employers stepped up hiring modestly in April, and the unemployment rate fell to 3.9 percent, evidence of the economy’s resilience amid the recent stock market chaos and anxieties about …
your ads here!Venezuela to Take Over Major Bank; 11 Execs Arrested
Venezuela said on Thursday it would take over the country’s leading private bank, Banesco, for 90 days and announced the arrest of 11 top executives for “attacks” against the country’s rapidly depreciating bolivar currency. …
your ads here!Ex-Volkswagen Boss Indicted in Emissions Scandal
A federal grand jury in Detroit has indicted former Volkswagen CEO Martin Winterkorn with conspiracy and wire fraud in the car builder’s scheme to rig diesel emissions tests. “If you …
your ads here!US Trade Deficit Narrows Sharply; Labor Market Tightening
The U.S. trade deficit narrowed sharply in March as exports increased to a record high amid a surge in deliveries of commercial aircraft and soybeans, bolstering the economy’s outlook heading …
your ads here!South Korea Developing Economic Projects for North Korea
South Korea is looking into developing and financing economic projects with North Korea that could take effect if a nuclear deal is reached with the United States. South Korean Finance …
your ads here!Analysts Pessimistic About Progress in US-China Trade Talks
A high-level U.S. trade delegation has begun talks with Chinese officials in Beijing as Washington tries to address deep concerns about China’s economic policies. The meeting is seen by some …
your ads here!Trump to Meet with Carmakers on Trade, Pollution
President Trump plans to meet next week with leaders from U.S. and foreign carmakers on trade and changes to emission standards. “When the White House wants to meet with us …
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