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

Homelessness to Digital IDs: Five Property Rights Hotspots in 2018

The global fight over land and resources is getting increasingly bloody and the race for control of valuable assets is expanding from forests and indigenous territories to the seas, space …

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Venezuelans Scramble to Survive as Merchants Demand Dollars

There was no way Jose Ramon Garcia, a food transporter in Venezuela, could afford new tires for his van at $350 each. Whether he opted to pay in U.S. currency …

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California Preps for Pot-infused Fare, From Wine to Tacos

The sauvignon blanc boasts brassy, citrus notes, but with one whiff, it’s apparent this is no normal Sonoma County wine. It’s infused with THC, the psychoactive ingredient in marijuana that …

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Eastern Libya to Stage Conference in March to Rebuild Benghazi

Authorities in eastern Libya have announced a conference in March to drum up support to rebuild the country’s second-largest city Benghazi heavily damaged during three years of fighting between military …

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Oil Prices Rise on Libyan Pipeline Blast

Oil moved higher above $65 a barrel on Tuesday, within sight of its highest since mid-2015, supported by an explosion on a crude pipeline in Libya and voluntary OPEC-led supply …

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Breaking Gender Barrier in Construction

Construction is one of the fields that has long been dominated by men. Though women have increasingly come to the field, working as electricians, carpenters and plumbers, they’re still underrepresented. …

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Rohingya Refugees Face Financial Problems in Bangladesh

Many Rohingya refugees in Bangladesh facing diminished income are supplementing their needs with work in the camps. Steve Sandford talks to a few young and old entrepreneurs who have set …

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Israel Regulator Seeks to Ban Bitcoin Firms From Stock Exchange

Israel’s markets regulator said on Monday he will propose regulation to ban companies based on bitcoin and other digital currencies from trading on the Tel Aviv Stock Exchange (TASE). Shmuel …

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German Employers Use Music to Spur Workplace Harmony

Management experts are always coming up with innovative ideas to improve the work environment, inspire employees and raise productivity. Big companies in Germany, like Lufthansa, Siemens, Daimler, BMW and Volkswagen’s …

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China’s Xi Seen Taking More Risks at Home and Abroad in 2018

In 2017, China’s Xi Jinping rose to become the country’s most powerful leader in decades. And as he shoulders more responsibility, analysts say the government in Beijing is likely to …

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US Holiday Travel Numbers Up

Americans are traveling in record numbers this season, according to the American Automobile Association’s (AAA) annual estimate, which forecasts more than 107 million will travel by road, rail or air …

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UN Security Council to Vote Friday on Additional North Korea Sanctions

The U.N. Security Council is expected to vote Friday on another round of targeted sanctions aimed at further restricting North Korea’s crude oil imports, which fuel its illicit weapons programs. …

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Papa John’s Founder Out as CEO, Weeks After NFL Comments

Papa John’s founder John Schnatter will step down as CEO next month, about two months after he publicly criticized the NFL leadership over national anthem protests by football players — …

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Displaced by Mining, Peru Villagers Spurn Shiny New Town

This remote town in Peru’s southern Andes was supposed to serve as a model for how companies can help communities uprooted by mining. Named Nueva Fuerabamba, it was built to …

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US Sees Foreign Reliance on ‘Critical’ Minerals as Security Concern

The United States needs to encourage domestic production of a handful of minerals critical for the technology and defense industries, and stem reliance on China, U.S. Interior Secretary Ryan Zinke …

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Greek Lawmakers Approve 2018 Budget Featuring More Austerity

Greece’s parliament on Tuesday approved the 2018 state budget, which includes further austerity measures beyond the official end of the country’s third international bailout next summer.    All 153 lawmakers …

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Ex-Odebrecht CEO, Symbol of Brazil Graft Probe, Leaves Jail

One of the most prominent people convicted in Latin America’s largest corruption scandal left prison Tuesday for house arrest after serving two-and-a-half years behind bars at a time when many …

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Analysis: US Tax Cut to Deliver Corporate Earnings Gift

A planned massive Republican tax overhaul has led Wall Street strategists to revise their 2018 corporate earnings forecasts sharply higher, but the jury is out on how long the accelerating …

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US Single-Family Housing Starts, Permits Hit 10-year high

U.S. single-family homebuilding and permits surged to more than 10-year highs in November, in a hopeful sign for a housing market that has been hobbled by supply constraints. Builders have …

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US House Set to Vote on Republican Tax Bill

The U.S. House of Representatives will vote Tuesday on a Republican $1.5 trillion tax bill that will provide tax relief for most Americans, but benefit the wealthy the most, according …

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EU Governments Agree on Renewable Energy Targets for 2030   

European Union environment and energy ministers on Monday agreed on renewable energy targets for 2030 ahead of negotiations next year with the European Parliament, which has called for more ambitious …

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Argentine Congress Tries for Pension Reform Amid Violent Protests

Argentina’s Congress could pass a hotly debated pension reform measure Monday, lawmakers told reporters, as stone-throwing demonstrators gathered in the capital and the country’s main union called a 24-hour general …

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