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

G-20 Sees Need for ‘Dialogue,’ Fails to Defuse Trade War Threat

The world’s financial leaders rejected protectionism Tuesday and urged “further dialogue” on trade, but failed to blunt the threat of a trade war days before U.S. metals tariffs take effect …

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Border Wall, Tunnel Tussle Hold Up Sweeping US Spending Bill

President Donald Trump will reap a huge budget increase for the military while Democrats cement wins on infrastructure and other domestic programs that they failed to get under President Barack …

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Scandal-hit Weinstein Co. Files for Bankruptcy Protection

The Weinstein Co. filed for bankruptcy protection on Monday with a buyout offer in hand from a private equity firm, the latest twist in its efforts to survive the sexual …

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US States Fight Trump Drill Plan With Local Bans

Some coastal states opposed to President Donald Trump’s plan to allow oil and gas drilling off most of the nation’s coastline are fighting back with proposed state laws designed to …

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Cuba Opens Wholesale Market to Sell Basic Staples

Cuba has opened up its first wholesale market in an economy dominated by government-run enterprises.   State-run newspaper Granma says the market is part of an ongoing effort to “reorganize” …

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New York Councilman Investigating Kushner Real Estate Company

A New York City councilman and a tenants’ rights group said they will investigate allegations that the real estate company formerly controlled by Jared Kushner, a presidential adviser and President …

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Colombia Proposes IMF Assistance for Venezuelan Refugees

Colombia proposed on Monday that the International Monetary Fund provide assistance to help several hundred thousand Venezuelan refugees who have fled an economic and political crisis to  neighboring countries, officials …

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Global Stocks Fall As Concerns Rise Over Trade, Brexit, & Facebook Troubles

Many global stocks were sharply lower in Monday’s trading over continuing fears of a trade war, Brexit, an upcoming U.S. Federal Reserve meeting, and trouble with Facebook. The Dow Jones …

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Greenpeace Says Brands Refusing to Reveal Palm Oil Sources

Greenpeace says household brands including PepsiCo and Johnson & Johnson are refusing to disclose where they get their palm oil from despite vows to stop buying from companies that cut …

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Zimbabwe’s Leader Calls out Those Stashing Millions Overseas

Zimbabwe’s new leader has publicly named more than 1,800 companies and individuals accused of illegally stashing hundreds of millions of dollars overseas and not bringing the money home under a …

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US Drinkers Take Britain’s Crown as Top World Champagne Buyers

U.S. drinkers overtook Britons as the world’s biggest buyers of Champagne in 2017, after British purchases fell heavily for the second-straight year following the vote to leave the European Union, …

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Indonesia to Effectively Continue Fuel Subsidy

Indonesian president Joko “Jokowi” Widodo has instructed ministers to keep fuel prices stable over the next two years, said Energy Minister Ignasius Jonan, which would, in effect, continue a controversial …

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US Investigates Deaths in Hyundai-Kia Cars When Air Bags Failed

Air bags in some Hyundai and Kia cars failed to inflate in crashes and four people are dead. Now the U.S. government’s road safety agency wants to know why. The …

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Women ‘Weed Warriors’ Leading the Way in US Pot Revolution

The pot revolution is alive and well in the state of Colorado where recreational cannabis has been legal since 2014. While the full impact of legal marijuana in Colorado has …

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Lawmakers Say Britain Should Consider Longer EU Exit Process if Needed

Britain should consider a limited extension to its exit process from the European Union if needed to ensure details of its future relationship with the bloc are agreed, a committee of lawmakers …

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Merkel, Xi Agree to Work on Steel Overcapacity Within G-20

German Chancellor Angela Merkel and Chinese President Xi Jinping on Saturday discussed overcapacity in world steel markets and agreed to work on solutions within the framework of the Group of …

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Former Siemens Executive Pleads Guilty in Argentine Bribery Case

A former midlevel employee of German industrial giant Siemens pleaded guilty Thursday of conspiring to pay tens of millions of dollars to Argentine officials to win a $1 billion contract …

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Trump to Weigh New Tariffs Targeting China 

White House trade adviser Peter Navarro said Thursday that President Donald Trump would soon consider new punitive measures against China for its alleged “theft” of intellectual property. U.S. officials, according …

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HSBC Has 59 Percent Gender Pay Gap, Biggest Among British Banks

HSBC will reveal a gender pay gap of 59 percent at its main U.K. banking operation, the biggest yet disclosed by a British bank, according to a copy of the …

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Germany Says Trade War Could Damage Global Recovery

Germany said on Thursday that any escalation of U.S. President Donald Trump’s tariffs on metal imports into a full-blown trade war could cause tangible damage to the global recovery, although …

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Surge in Airline Hiring Boosts Interest in Aspiring Pilots

Major U.S. airlines are hiring pilots at a rate not seen since before 9/11, and that is encouraging more young people to consider a career in the cockpit. Hiring is …

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Steel and Aluminum Tariffs Spur a Hot Debate

President Donald Trump’s recently proposed tariffs on steel and aluminum have spurred a hot debate in the U.S. that doesn’t adhere to traditional party lines. Is the administration’s move a …

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