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

Egypt Begins Production on Largest Undersea Gas Field in the Mediterranean

Egypt’s economic prospects are looking brighter after the long-anticipated production of undersea gas from the al Zohr gas field began coming online in recent days. Petroleum Minister Tareq al Molla …

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Study: Shop Early, Shop Often to Avoid Christmas Impulse Buying

Parceling out holiday shopping in small amounts and completing it in a realistic schedule helps people maintain the self-control needed to avoid being swept away in impulse purchases that can …

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Peru’s President Says He Did ‘Earn Some Money’ from Scandal-Plagued Builder

Peru’s president has acknowledged that he did “earn some money” from scandal-plagued Brazilian builder Odebrecht when his consulting business received payments from the builder more than 10 years ago In …

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Bitcoin Futures Begin Trading on CME, Price Declines

Another security based on the price of bitcoin, the digital currency that has soared in value and volatility this year, began trading on the Chicago Mercantile Exchange on Sunday. The …

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Stake in Vietnam’s Top Brewer for Sale, But Bids Few

Vietnam is set to auction up to a $5 billion stake in top brewer Sabeco on Monday, with Thai Beverage the only potential bidder to have expressed interest in a …

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Trump Sells Republican Tax Bill to Job Seekers, Middle Class

U.S. President Donald Trump continued to tout the Republican tax bill Saturday, saying “everybody’s going to benefit” if it is signed into law. “But I think the greatest benefit is …

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Britain Seeks ‘Bespoke’ EU Trade Deal, Pact With China

British Finance Minister Philip Hammond said Saturday it is likely Britain will want to negotiate a bespoke arrangement for a future trade deal with the European Union, rather than copying …

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Huge Tax Bill Heads for Passage as GOP Senators Fall in Line

After weeks of quarrels and qualms and then 11th-hour horse-trading, Republicans revealed their huge national tax rewrite late Friday, along with announcements of support that all but guarantee approval next week. …

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Powerful CEOs Demand DACA Fix

Two titans of U.S. business have come together to demand that Congress find an immediate solution for DACA recipients, whose legal immigration status will come to an end in March …

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Decade Since Recession: Thriving Cities Leave Others Behind

As the nation’s economy was still reeling from the body blow of the Great Recession, Seattle’s was about to take off. In 2010, Amazon opened a headquarters in the little-known …

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Disney to Buy Fox Film, TV Businesses for $52 Billion

Walt Disney Co on Thursday agreed to buy film, TV and international assets from Rupert Murdoch’s Twenty-First Century Fox Inc for $52.4 billion as Disney seeks greater scale to tackle …

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Brexit Talks Due to Get Green Light to Move on to Trade

The European Union’s leaders are due to say Friday that the Brexit talks with Britain can move on to the next phase to include the key topic of trade, according …

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Sweet Victory: French Candymakers Win China Legal War

Revenge is sweet for the makers of France’s traditional “calisson” candies, who have won a months-long legal battle with a businessman who trademarked the product’s name in China. The lozenge-shaped …

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Tanzania Orders Tighter Controls on Currency, Bank Crackdown as Growth Slows

Tanzanian president John Magufuli ordered the central bank on Wednesday to tighten controls on the movement of hard currency and take swift action against failing banks in a bid to …

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US, EU, Japan Slam Market Distortion in Swipe at China

The United States, European Union and Japan vowed Tuesday to work together to fight market-distorting trade practices and policies that have fueled excess production capacity, naming several key features of …

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Afreximbank Pledges Up to $1.5B to Post-Mugabe Zimbabwe

The African Export and Import Bank has pledged up to $1.5 billion in new loans and financial guarantees to Zimbabwe in a major boost for new President Emmerson Mnangagwa’s government, …

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Filipino Houses From Debris, Californian Fruit Pickers’ Homes Win Major Award

A project in the Philippines that used debris to rebuild typhoon-ravaged houses and Californian homes providing year-round housing for migrant workers won one of the world’s most prestigious housing awards …

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Smaller Farms Can Cope Better With Climate Change in India, Say Analysts

India’s small farmers are better equipped than large landowners to deal with climate change, but need more support to find innovative ways to minimize the impacts of higher temperatures, uneven …

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Waiting for Congress, Mnuchin Makes 2nd Emergency Debt Move

Treasury Secretary Steven Mnuchin said Monday he is making a second emergency move to keep the government from going above the debt limit while awaiting congressional action to raise the …

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US High Court Turns Away Dispute Over Gay Worker Protections

The U.S. Supreme Court on Monday refused to hear an appeal by a Georgia security guard who said she was harassed and forced from her job because she is a …

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EU-Mercosur Talks Hit Snags, Announcement Could Be Delayed

Free-trade talks between the European Union and South American trade bloc Mercosur still face hurdles over beef and ethanol, and an expected deal announcement this week might not happen, officials …

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Top EU Economic Powers Warn US About Tax Plans

The European Union’s top five economies are warning the United States that its massive tax overhaul could violate some of its international obligations and risks having “a major distortive impact” …

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