President Donald Trump’s move Tuesday to tax imported solar cells and washing machines is meant to make good on his vow to reverse decades of U.S. support for free trade …
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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
Senate Confirms Powell as Next US Fed Chair
The Senate on Tuesday approved President Donald Trump’s selection of Jerome Powell to be the next chairman of the Federal Reserve beginning next month. Senators voted 84-13 to confirm …
your ads here!Japan: Trans-Pacific Trade Pact, Without US, to Be Signed in March
Eleven countries aiming to forge an Asia-Pacific trade pact after the United States pulled out of an earlier version will sign an agreement in Chile in March, Japan’s economy minister …
your ads here!China, South Korea Protest US Tariffs on Washing Machines, Solar Panels
China and South Korea are protesting U.S. President Donald Trump’s decision to impose steep tariffs on washing machines and solar panels, a move that is fueling concerns in Asia that …
your ads here!US Auto Parts Firms Urge NAFTA Compromise to Cover Engineering Work
A trade group representing U.S. auto parts makers on Monday urged the Trump administration to adopt NAFTA automotive rules that cover research, engineering, design and software development work as part …
your ads here!China Invites Latin America to Take Part in ‘One Belt, One Road’
China invited Latin American and Caribbean countries to join its “One Belt, One Road” initiative on Monday, as part of an agreement to deepen economic and political cooperation in a …
your ads here!EU Mulls New Link Between Budget, Civic Rights
The EU’s justice commissioner is working on a proposal that could oblige member states such as Poland, which has clashed with Brussels over reforms to its courts, to pass tests …
your ads here!ILO: Global Unemployment Rate Stabilizing
The global unemployment rate is stabilizing after years in a slump due to a faltering economy, the International Labor Organization reports in “World Employment and Social Outlook: Trends 2018.” However, …
your ads here!NAFTA’s Fate Uncertain Ahead of Montreal Round of Talks
The NAFTA trade agreement’s future hangs in the balance this week as negotiators from the United States, Canada and Mexico try to settle major differences over revamping a pact that …
your ads here!Trump to Face Mixed Welcome at Elite Davos Gathering
In Davos this week, participants can experience “a day in the life of a refugee.” Or hear about ways to uphold the Paris climate accord and promote free trade. Or …
your ads here!Australia, Canada Trade Blows over Wine
Australia has filed a formal complaint with the World Trade Organization that accuses Canada of placing “discriminatory” rules on the sales of imported wine. Canada is Australia’s fourth-biggest wine market. …
your ads here!Iran May Try to Loosen Revolutionary Guard’s Grip on Economy
Iran’s supreme leader has ordered the Revolutionary Guard to loosen its hold on the economy, the country’s defense minister says, raising the possibility that the paramilitary organization might privatize some …
your ads here!Saudis Urge Oil Production Cooperation Beyond 2018
Saudi Arabia’s energy minister urged global oil producing nations on Sunday to extend their cooperation beyond 2018, but said this might mean a new form of deal rather than continuing …
your ads here!British Group Works to Preserve Afghanistan’s Arts & Crafts Heritage
Afghanistan’s arts and architecture were once the pride of Asia. However, more than four decades of war have left many of the country’s traditional crafts on the verge of extinction. …
your ads here!FACT CHECK: Trump Disdained Jobless Rate, Now Loves It
Donald Trump, the presidential candidate, would not like the way Trump, the president, is crowing about today’s unemployment rate. He’d be calling the whole thing a “hoax.” Trump raised a …
your ads here!Tax Cut, US Economy, Fair Trade on Trump’s Davos Agenda
U.S. President Donald Trump will be entering something of a lion’s den when he visits the elitist enclave of Davos next week, rubbing shoulders with the same “globalists” that he …
your ads here!Britain Wants Comprehensive Trade Deal With EU, May Says
Britain wants to have a comprehensive trade deal with the European Union as well as a defense pact in place once it leaves the bloc, Prime Minister Theresa May said in remarks published in …
your ads here!Bankers Association Warns of Uncertainty Tied to Government Shutdown
The largest banking trade group in the United States says shutting down the government could hurt investor and consumer confidence, but would hit the overall economy indirectly. Speaking as the …
your ads here!Anti-smoking Plan May Kill Cigarettes — and Save Big Tobacco
Imagine if cigarettes were no longer addictive and smoking itself became almost obsolete; only a tiny segment of Americans still lit up. That’s the goal of an unprecedented anti-smoking plan …
your ads here!Time After Time: Luxury Watchmaker to Sell Pre-owned Pieces
Swiss luxury watchmaker Audemars Piguet said it would launch a second-hand business this year, becoming the first big brand to announce plans to tap into a fast-growing market for pre-owned …
your ads here!Foreign Investors Will Take Heart in Vietnam’s Anti-Graft Crackdown
Foreign investors in Vietnam will welcome a fairer, more predictable set of business practices as the government pursues the heads of local firms over corruption, analysts believe. Some foreign companies …
your ads here!Down to Business: Drought-hit Kenyan Women Trade Their Way Out of Poverty
Widow Ahatho Turuga lost 20 of her goats to drought early last year, but the shopkeeper is planning to reinvest in her herd once she has saved enough money. “I …
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