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

Amazon: Prime Video Lured Millions to Shopping Club

Amazon.com Inc.’s top television shows drew more than 5 million people worldwide to its Prime shopping club by early 2017, according to company documents, revealing for the first time how …

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Senate Passes Bill That Eases Bank Reform Rules

The U.S. Senate voted 67 to 31 Wednesday to ease bank rules, bringing Congress a step closer to passing the first rewrite of the Dodd-Frank reform law enacted after the …

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Reports: Toys ‘R’ Us to Shut or Sell All US Stores

Toys ‘R’ US plans to sell or close all of its US stores, potentially hitting 33,000 jobs, U.S. media reported Wednesday. The debt-plagued retailer, which filed for bankruptcy protection in …

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‘Panama Papers’ Law Firm to Shut Down After Tax Scandal

Mossack Fonseca, the Panamanian law firm at the center of the “Panama Papers” scandal, said Wednesday that it was shutting down because of the damage to its business and reputation inflicted by role …

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For Poor Venezuelans, a Box of Food May Sway Vote for Maduro

A bag of rice on a hungry family’s kitchen table could be the key to Nicolas Maduro retaining the support of poor Venezuelans in May’s presidential election. For millions of …

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Growing Food at -30, The Chef on an Arctic Self-sufficiency Mission

In one of the planet’s most northerly settlements, in a tiny Arctic town of about 2,000 people, Benjamin Vidmar’s domed greenhouse stands out like an alien structure in the snow-cloaked …

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Can Pop-Ups Pave the Way to Thriving Public Space in World’s Cities?

On a patch of gravel that was once a nondescript bus stop in Kuala Lumpur’s old city, passersby can now find brightly-painted wooden pallets that double as seating and shelves …

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Behind the Broadcom Deal Block: Rising Telecom Tensions

Behind the U.S. move to block Singapore-based Broadcom’s hostile bid for U.S. chipmaker Qualcomm lies a new global struggle for influence over next-generation communications technology — and fears that whoever …

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Starbucks Signs Licensing Agreement With Brazil Investment Firm

Sao Paulo investment firm SouthRock Capital has signed an agreement with Starbucks that gives it the right to develop and operate branches of the Seattle-based chain in Brazil, the companies …

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Accountants to Face Higher EU Scrutiny on Aggressive Tax Planning

European Union finance ministers agreed new measures on Tuesday to force accountants and banks to report aggressive tax schemes that help companies shift profits to low-tax countries. Ministers also added …

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Thailand to Draft Plans to Regulate and Tax Cryptocurrencies

Thailand’s cabinet has agreed to draft a law to regulate cryptocurrency trading, seeking to tax the largely unregulated market. Government spokesman Nathporn Chatusripitak said Tuesday the Ministry of Finance also …

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Cambodia Looks to Foreign Investors to Boost Casino Gaming Industry

Cambodia is pushing ahead with new legislation in a bid to lure foreign investors to its vibrant casino and gaming industry, promoting the Kingdom as a key gaming center in …

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UN Chief Calls Himself ‘Proud Feminist,’ Urges Men to Follow

Secretary-General Antonio Guterres called himself “a proud feminist” Monday and said all men should support women’s rights and gender equality. His statement was loudly applauded by hundreds of women and …

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Amid Trump Visit, it’s Business As Usual for Border Towns

The daily commute from Mexico to California farms is the same as it was before Donald Trump became president. Hundreds of Mexicans cross the border and line the sidewalks of …

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Trump Blocks Broadcom Takeover of Qualcomm

U.S. President Donald Trump is blocking Singapore-based Broadcom, maker of computer and smartphone chips, from taking over U.S. chipmaker Qualcomm. Trump cited national security grounds in stopping the takeover, following …

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Eurozone to Unlock New Loans to Greece, Working on Debt Relief

Eurozone creditors are expected to disburse new loans to Greece this month and are working on debt relief measures, the head of the bloc’s finance ministers said on Monday, steps …

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Business Lobby: Mexico Front-Runner Must Respect Oil, Airport Contracts

Mexico’s powerful CCE business lobby on Monday urged the leftist front-runner for a July 1 presidential election to stop questioning major planks of the government’s economic agenda lest it damage …

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Central Banks Warned to Weigh Risks of Virtual Currencies

A global financial body warns central banks should carefully weigh the risks before introducing their own virtual currencies, saying such innovations could risk destabilizing banking systems and unleash disruption across …

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Austrian Court Deals Blow to Government’s Plan to Cut Benefits

Austria’s Constitutional Court on Monday dealt a blow to the government’s plans to cut benefits for groups including refugees, striking down identical rules in one province and saying refugees deserve …

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Economic Problems Prompt Iran to Cautiously Consider Change

Labor strikes. Nationwide protests. Bank failures. In recent months, Iran has been beset by economic problems despite the promises surrounding the 2015 nuclear deal it struck with world powers. Its …

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China: ‘No Winners in a Trade War’

China said Sunday it does not intend to ignite a trade war with the U.S. because the move would be disastrous for the entire world. “There are no winners in …

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Trade Representatives From US, EU, Japan Discuss New Metal Tariffs

Trade representatives for Japan and the European Union met with the U.S. trade representative Saturday in an effort to avoid a trade war over President Donald Trump’s new tariffs on …

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