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

AP Analysis: Blacks Largely Missing From High-Salary Positions

Jonathan Garland’s fascination with architecture started early: He spent much of his childhood designing Lego houses and gazing at Boston buildings on rides with his father away from their largely …

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These Burgers Are Better for the Planet, but You’d Never Know It

As the world’s population heads toward 10 billion by midcentury, experts are wrestling with how to feed the world without wrecking the planet. It’s not easy to find foods with …

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Traditional Pakistani Bamboo Curtains Gaining Popularity

Traditional handicrafts from Pakistan are exported to many countries around the world. One item that appears to be gaining in popularity are the country’s hand-made bamboo curtains. VOA’s Saman Khan …

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NY’s Immigrant Taxi Drivers Despair as Taxi Industry Slumps

A financially distraught yellow cab driver from Romania recently hanged himself in his New York garage, marking the fourth suicide among city taxi drivers in as many months. In the …

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Trump EPA Expected to Roll Back Auto Gas Mileage Standards 

The Trump administration is expected to announce that it will roll back automobile gas mileage and pollution standards that were a pillar in the Obama administration’s plans to combat climate …

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UN Blacklists Dozens of Ships, Businesses Over N. Korea Smuggling

The U.N. Security Council on Friday blacklisted 27 ships, 21 companies and a businessman for helping North Korea circumvent sanctions, keeping the pressure on Pyongyang despite its recent diplomatic opening …

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Air France, Lawyers Strike as Macron Labor Woes Grow

French lawyers staged a walkout Friday while Air France staff went on strike over pay, adding to a growing wave of industrial unrest that threatens to slow President Emmanuel Macron’s …

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South Sudan Dispute With Mobile Firm Disrupts Service

Hundreds of thousands of South Sudanese remained without mobile phone service Friday, as network operator Vivacell continued a standoff with the government over a licensing dispute. The government cut the …

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Amid Flood of Chinese Products, India Wants Fairness

Sampad Yadav, who sells electrical goods in a shop in the business hub of Gurugram on the outskirts of New Delhi, says Chinese goods such as LED lamps are popular …

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Vietnam Stands to See Modest Wins if China, U.S. Start Trade War

A wider Sino-U.S. trade dispute would help export-reliant Vietnam compete against Chinese companies but put the country at risk of any global fallout, analysts say. The numerous exporters in Vietnam …

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US, Canada Differ on Quick NAFTA Resolution

The Trump administration is hopeful it can reach a deal on a new North American Free Trade Agreement before the July 1 presidential election in Mexico and U.S. midterm congressional …

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WTO Chief Sees No Sign of US Departure

There is no sign that the United States is distancing itself from the World Trade Organization, and negotiations are underway to avert a global trade war, WTO Director-General Roberto Azevedo …

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Trump Gets First Trade Deal as US, Korea Revise Agreement

U.S. President Donald Trump, who campaigned against economic agreements he considered unfair to America has his first trade deal. The United States and South Korea have agreed to revise their …

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In Niger’s Desert, Europe’s Migration Crackdown Pinches Wallets

For this ancient town on the southern edge of the Sahara, the flow of desperate migrants trying to reach Europe used to be a boon, not a burden. Abdoul Ahmed, …

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Greece Approved for 6.7 Billion-Euro Bailout Installment

Europe’s bailout fund on Tuesday approved a 6.7 billion-euro ($8.32 billion) loan installment to Greece as part of its third international rescue program, with payment of the first 5.7 billion …

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US Tech Derails Global Stock Market Rally

U.S. stocks sank in late trading on Tuesday, with faltering technology shares reversing a global stock rally that had swept through Asia and Europe. Trading sessions in Asia and Europe …

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Uber Sells Southeast Asia Business to Grab After Costly Battle

Uber Technologies has agreed to sell its Southeast Asian business to bigger regional rival Grab, the ride-hailing firms said on Monday, marking the U.S. company’s second retreat from an Asian …

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White House Probing Huge Loans to Kushner’s Family Firm

White House officials are looking into whether $500 million in loans that went to Trump administration senior adviser Jared Kushner’s family real estate company may have spurred ethics or criminal …

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Trade War Fears Affect Asian Shares

World markets edged higher but remained jittery Monday, a result of a feared trade war between two economic powerhouses — the U.S. and China, following U.S. President Donald Trump’s announcement last …

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US Gunmaker Remington Files for Bankruptcy

U.S. firearms and ammunition manufacturer Remington has filed for bankruptcy protection in order to reorganize its operations and put in place a debt reduction deal with its creditors. The company …

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China Warns Trade War Will Set off a ‘Greater Conflict’

A senior Chinese official is warning that a trade war would hurt all sides and set off a “greater conflict.” “A trade war serves the interests of none. It will …

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Pride, Loneliness in the Deep North: Russians Who Refuse to Abandon Arctic City

In Russia’s far north, the city of Vorkuta is slowly being reclaimed by the Arctic tundra. Its population has plummeted as the local coal mines have closed, and the very …

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