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

Chinese City Turns to Wind Power Lottery

The city of Yanan, a major wind power base in northwest China’s Shaanxi province, has introduced a lottery system to decide which wind projects will go ahead this year, a …

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Venezuela Arrests Two Chevron Executives Amid Oil Purge

Chevron said on Tuesday two of its executives were arrested in Venezuela, a rare move likely to spook foreign energy firms still operating in the OPEC nation stricken by hyperinflation, …

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IRS Website Crashes as US Tax Deadline Looms

Americans who waited until the last day to file their federal taxes faced a major hurdle hours before the midnight deadline.  The Internal Revenue Service website’s “Direct Pay” page, which …

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Airlines Agency Backs Creation of Global Drone Registry 

Concerned by a rise in near misses by unmanned aircraft and commercial jets, the world’s airlines back development of a U.N.-led global registry for drones, an executive of their trade group said Tuesday. …

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Starbucks Closing All Company-owned Stores for Anti-bias Training

Starbucks said Tuesday it will close all of its more than 8,000 company-owned U.S. stores on May 29 to educate employees about racial bias in an attempt to prevent more …

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Europe’s Venture Capitalists Embrace Virtual Currency Craze

Some of Europe’s biggest venture capital firms are buying into sales of new virtual coins or asking their investors to give them the freedom to do so, in a sign …

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IMF: World Economy Expands Next 2 Years; Growth Fades After 2020

International Monetary Fund experts say the global economy will continue growing well for the next two years, but expect expansion to slow after 2020. IMF research director Maurice Obstfeld said …

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As Drought Keeps Men on the Road, Mauritania’s Pastoralist Women Take Charge

Every year when the pastoralist men in Fatima Demba’s Mauritanian village return from their months-long journey to find pastures and water, the women erupt in wild celebrations. “We draw henna …

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New AG School Teaches Secrets to Conserving Farmland

Doug Fabbioli is concerned about the future of the rural economy, as urban sprawl expands from metropolitan areas into farm fields and pastureland. The Virginia winery owner decided to be …

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China Eyes Australian Donkey Exports

The Northern Territory government in Australia says it has been approached by nearly 50 Chinese companies looking to buy land to start donkey farms. Demand for donkey products, especially donkey-hide …

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Full Steam Ahead for Mozambique’s Rail Network

Dozens of passengers line up in single file along the platform in the dead of night, ready to gather their luggage and pile into the ageing railway carriages. At the …

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Pence Says NAFTA Deal Possible in Several Weeks

U.S. Vice President Mike Pence said Saturday that he was leaving a summit of Latin American countries in Peru very hopeful that the United States, Mexico and Canada were close to a deal …

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India’s Federal Police File Case Against Former UCO Bank Chairman

India’s federal police said Saturday that they had filed a case against a former chairman of state-run UCO Bank and several business executives alleging criminal conspiracy that caused a loss of 6.21 …

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Trump Task Force to Study Postal System Finances

After weeks of railing against online shopping giant Amazon, President Donald Trump signed an executive order Thursday creating a task force to study the United States Postal System. In the …

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China Posts Rare Trade Deficit for March; Surplus with US Narrows

China’s exports growth unexpectedly fell in March, raising questions about the health of one of the economy’s key growth drivers even as trade tensions rapidly escalate with the United States. …

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Year-Round Sales of E15 Fuel Possible, Trump Says

U.S. President Donald Trump said Thursday that his administration might  allow the sale of gasoline containing 15 percent ethanol year-round, which could help farmers by firing up corn demand but faces opposition from oil …

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Trump Hints at US Possibly Rejoining TPP

U.S. President Donald Trump on Thursday ordered his top economic and trade advisers to look into rejoining the Pacific-rim trade pact with 11 other countries that he abandoned last year …

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Trump Wants to Rejoin Pacific Trade Pact

Japan has cautiously welcomed the news that U.S. President Donald Trump wants to rejoin the Trans-Pacific Partnership. “If this means that President Trump is correctly evaluating the significance and effects …

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World Trade Body Warns US-China Tensions May Dent Business

The World Trade Organization predicts continued trade growth this year, though it warns that tensions and “tit-for-tat” retaliatory measures, notably between the U.S. and China, could compromise those projections. WTO …

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EU Seeks to Protect Farmers From Unfair Trade Practices

The European Union executive is seeking to protect farmers by imposing fines on retailers and supermarket chains using unfair trade practices.   EU Farm Commissioner Phil Hogan said Thursday the …

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Another Trump Trade War, This Time with Rwanda over Clothes

The sweaty mechanic tossed aside the used jeans one by one, digging deep through the pile of secondhand clothes that are at the center of another, if little-noticed, Trump administration …

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Solar Surge Threatens Hydro Future on Mekong 

Thousands of megawatts of wind and solar energy contracts in the Mekong region of Southeast Asia have been signed, seriously challenging the financial viability of major hydropower projects on the …

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