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

Australia Failing to Curb Corruption, Global Survey Finds

Australia appears to be failing in its efforts to crack down on bribery, according to the latest survey conducted by Transparency International, a non-governmental organization based in Germany. The group …

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More US Companies End Marketing Programs With National Rifle Association

Three more companies say they have ended marketing programs with the National Rifle Association (NRA), as gun control advocates stepped up pressure on firms to cut ties to the gun …

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AP Fact Check: Toughest Sanctions on North Korea Ever? Not Likely

The heaviest, the largest, the most impactful —  those were the superlatives the Trump administration used to describe its latest sanctions against North Korea. But were the Treasury Department designations …

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With Rates Still Low, Fed Officials Fret Over Next US Recession

Federal Reserve policymakers fretted on Friday that they could face the next U.S. recession with virtually the same arsenal of policies used in the last downturn and, with interest rates still relatively low, those will …

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EU Leaders Draw Up Battle Lines for Post-Brexit Budget

European Union leaders staked out opening positions Friday for a battle over EU budgets that many conceded they are unlikely to resolve before Britain leaves next year, blowing a hole …

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Stocks Rally as Fed Eases Rate Worry, Tech Climbs

U.S. stocks rallied on Friday, lifted by gains in technology stocks and a retreat in Treasury yields as the Federal Reserve eased concerns about the path of interest rate hikes …

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Construction Begins on Afghanistan Section of International Gas Pipeline

Leaders of Afghanistan, Turkmenistan, Pakistan and its arch rival India jointly inaugurated construction work Friday on the Afghan section of a long-delayed multibillion-dollar gas pipeline connecting the four nations, raising …

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Saudis Promised Double the Fun in Drive to Lure Back Tourist Dollars

Saudi Arabia will stage more than 5,000 shows, festivals and concerts in 2018, double the number of last year, as it tries to shake off its conservative image in a …

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Troubled Latvian Bank Faces ECB Deadline to Avoid Closure

The European Central Bank has set a deadline of Friday for Latvia’s third-largest bank to plug a financing hole, the country’s finance minister said, as the Baltic state faced its …

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Work on Afghan Section of TAPI Gas Pipeline to Begin Friday

Afghanistan will host leaders from Turkmenistan, Pakistan and India on Friday for the ground-breaking ceremony of the Afghan section of a much-delayed multi-billion dollar gas pipeline connecting the four nations. …

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S. Korea’s Cryptocurrency Industry Welcomes Regulator’s Dramatic Change of Heart

South Korea’s cryptocurrency industry is anticipating much better times as the market regulator changes tack from its tough stance on the virtual coin trade, promising instead to help promote blockchain …

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S. Korea Signs Free Trade Deals With 5 Central America Countries

South Korea said on Wednesday it is signing free trade agreements with five Central American nations aimed at boosting market access for the Korean auto sector and electronics makers. Trade …

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Venezuela: Launch of ‘Petro’ Cryptocurrency Raised $735 Million

President Nicolas Maduro said Tuesday that Venezuela had received $735 million in the first day of a pre-sale of the country’s “petro” cryptocurrency, aimed at pulling the country out of …

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Pakistani Lawmaker Denies China Talking to Separatists in Baluchistan 

There are no talks between China and the separatists from Pakistan’s Baluchistan province regarding the protection of the China-Pakistan Economic Corridor (CPEC), a senator from the province told VOA. First …

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Temer’s Failure on Brazil Pension Reform Leaves Tricky Task to Successor

President Michel Temer’s decision to throw in the towel on reforming Brazil’s loss-making pension system leaves the unpopular measure as a campaign issue for October’s elections and a major headache …

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Kenya’s KenGen Says to Add Extra 1,745 MW to Grid by 2025

State-run Kenya Electricity Generating Company (KenGen) plans to add 1,745 megawatts (MW) of electricity from geothermal sources by 2025, part of a government push to end power generation from fossil …

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How US Coal Deal Warms Ukraine’s Ties With Trump

For the first time in Ukraine’s history, U.S. anthracite is helping to keep the lights on and the heating going this winter following a deal that has also helped to …

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Brazil Gov’t Acknowledges Pension Bill Going Nowhere

Brazil’s political affairs minister Carlos Marun said on Monday that passage of a bill to overhaul the country’s costly social security system has effectively ground to a halt in Congress …

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Latvia’s Banking Sector Rocked by US Probe, Central Bank Chief’s Detention

Latvia’s ABLV Bank sought emergency support Monday after U.S. officials accused it of helping breach North Korean sanctions while the country’s central bank chief faced bribery allegations, turning up the …

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NZ Prime Minister: Revised Trans-Pacific Trade Pact Text to Be Released Wednesday

New Zealand Prime Minister Jacinda Ardern said on Tuesday the final text of a revised Trans-Pacific trade pact would be released on Wednesday when her government publishes its own assessment …

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Anti-Corruption Police Arrest Latvian Central Bank Chief

Latvian Prime Minister Maris Kucinskis assured the country and Europe “there is no sign of danger,” after anti-corruption police arrested the head of the Latvian central bank Saturday. “For now, …

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US Commerce Department Urges Curbs on Steel, Aluminum Imports

The Commerce Department is urging President Donald Trump to impose tariffs or quotas on aluminum and steel imports from China and other countries. Unveiling the recommendations Friday, Secretary Wilbur Ross …

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