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

Massive Fraud at Indian State-Owned Bank Linked to Celebrity Jeweler

The uncovering of one of the biggest frauds at a state-owned bank in India has rocked the country’s financial sector and brought scrutiny to a billionaire jeweler who counted Hollywood …

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Iraq’s PM Declares Country Open for Business

Iraq’s prime minister was in Kuwait this week, selling his country as a promising investment opportunity. After years of war and sectarian violence, Iraq is moving toward stability and wants …

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Mexico, US Express Cautious Optimism on NAFTA Deal

Top U.S. and Mexican officials on Thursday expressed cautious optimism that the North American Free Trade Agreement will be renegotiated, speaking ahead of the next round of trade talks later …

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Airbus Expects Strong Growth, Looks Past Plane Troubles

Shares in European plane maker Airbus flew higher on Thursday after the company reported improved earnings and was more upbeat about the future following problems to several of its key …

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Amid Booming Sales, SUVs Take Center Stage at Chicago Auto Show

A key to any successful business is to provide customers with what they want. For automakers at the 2018 Chicago Auto Show, they say their customers want sport utility vehicles, …

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Fries, Not Flowers: Fast-Food Chains Try to Lure Valentines

Is that love in the air or french fries? White Castle, KFC and other fast-food restaurants are trying to lure sweethearts for Valentine’s Day. It’s an attempt to capture a …

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US Inflation Increases Most in a Year

The U.S. on Wednesday reported its biggest increase in consumer prices in a year, pushing stocks lower in early trading. The consumer price index, which follows the costs of household …

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NYC E-Bike Ban is Disaster for Immigrant Delivery Workers

Electric powered bicycles, known as “e-bikes,” are a common sight among New York’s immigrant delivery workers, who consider the bikes a necessity to make a living wage. The problem is, …

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‘Can You Dig It?’ Africa Reality Show Draws Youth to Farming

As a student, Leah Wangari imagined a glamorous life as a globe-trotting flight attendant, not toiling in dirt and manure.   Born and raised in Kenya’s skyscraper-filled capital, Nairobi, the …

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Solar Power Push Lights Up Options for India’s Rural Women

In her village of Komalia, the fog swirls so thick at 7 a.m. that Akansha Singh can see no more than 15 meters ahead. But the 20-year-old is already cycling …

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GM to Close Auto Plant in South Korea in Restructuring

General Motors said Tuesday it will close an underutilized factory in Gunsan, South Korea, by the end of May as part of a restructuring of its operations.   The move …

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Opioid Makers Gave $10 Million to Advocacy Groups Amid Epidemic

Companies selling some of the most lucrative prescription painkillers funneled millions of dollars to advocacy groups that in turn promoted the medications’ use, according to a report released Monday by …

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US Charges 5 Ex-Venezuelan Officials in PDVSA Bribe Case

U.S. prosecutors on Monday announced charges against five former Venezuelan officials accused of soliciting bribes in exchange for helping vendors win favorable treatment from state oil company PDVSA, the latest …

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Trump: US to Push for ‘Reciprocal Tax’ on Trade Partners

U.S. President Donald Trump said on Monday he would push for a “reciprocal tax” against countries, including U.S. allies, that levy tariffs on American products, but officials did not provide …

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Uber Tests Cheaper ‘Chap Chap’ Service for Errands in Nairobi

Uber is testing a service in Nairobi that was inspired by residents’ use of the platform for errands and aims to tap into a new segment of the city’s active …

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New Machine Will Boost Pumpkin Seed Production

The invention of a machine that removes pumpkin seeds from the shell and sorts them is being celebrated in Cameroon as traders hope to boost production of the commodity in …

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Who’s at Fault in Amtrak Crash? Amtrak Pays Regardless

Federal investigators are still looking at how CSX railway crews routed an Amtrak train into a parked freight train in Cayce, South Carolina, last weekend. But even if CSX should …

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Seeing America Through the Eyes of African Immigrants Turned Truckers

Increasing demand for long-haul truckers in the United States is drawing more African immigrants onto America’s roads. VOA’s Arzouma Kompaoré hitched a ride with African truckers whose routes to success …

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As Brexit ‘Cliff-Edge’ Fears Grow, France Courts Japanese Firms in Britain

There are growing fears that Britain could be headed for a so-called cliff-edge exit from the European Union, as big differences remain between Brussels and London over the shape of …

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OxyContin Maker Purdue Pharma to Stop Promoting Opioids

OxyContin maker Purdue Pharma LP said Saturday that it has cut its sales force in half and will stop promoting opioids to physicians, following widespread criticism of the ways that …

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Experts: More Stock Volatility Ahead, but No Reason to Panic

It’s been a tough week on Wall Street. The Dow Jones Industrial average closed more than 300 points higher Friday, after plunging more than 1,000 points the day before, the …

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Britain Targets Global Corruption With Law to Seize Unexplained Wealth

Politicians and public figures suspected of buying property with corrupt money will be forced to explain their wealth, or face the seizure of their assets under new legislation that has …

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