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

Experts: Puerto Rico May Struggle for More Than a Decade

Puerto Rico could face more than a decade of further economic stagnation and a steep drop in population as a result of Hurricane Maria, experts say. The stark estimates were …

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Despite Health Risks, Undocumented Immigrants Clean Up Houston

It’s been more than two months since Hurricane Harvey destroyed or damaged tens of thousands of homes across Houston and east Texas, and cleanup is expected to last 20 months, …

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Big Businesses From Apple to Walmart Say Train Suppliers to Stamp Out Slavery

Businesses striving to stamp out slavery from their supply chains should not dismiss struggling suppliers but train them to improve the lives of workers, and technology can play a part, …

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Trump Pushing House Republicans to Adopt Tax Overhaul

U.S. President Donald Trump pushed Thursday for adoption of a wide-ranging overhaul of the country’s complex tax laws as he met with the majority Republican caucus in the House of …

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House Republicans Await Audience With Trump on Tax Overhaul

Republicans are muscling their massive tax bill through the House, with President Donald Trump urging them on to a critically needed legislative victory and GOP House leaders exuding confidence they …

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Analysts: Resolving Farm Issue Could Help Zimbabwe’s Battered Economy

Zimbabwe’s economy has been hammered by political unrest, soaring inflation, a shortage of foreign cash, a trade deficit and many other problems. Residents say the economic turbulence has driven thousands …

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IMF: Angola in ‘Mild Recovery,’ But Macroeconomic Challenges Remain

The Angolan economy is set to grow 1.1 percent this year as sub-Saharan Africa’s third-largest economy enjoys a mild recovery, the International Monetary Fund said Wednesday following a 10-day visit …

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Mexico to Respond to Tough US Proposals at Fifth NAFTA Round

Mexico will respond to U.S. demands for changes in content rules for autos and an automatic expiration clause in the NAFTA trade deal when negotiations on reworking the accord begin …

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Global Insurance Partnership Beefed Up to Protect Poor from Climate Risks

Germany on Tuesday pledged $125 million to boost the work of an international insurance partnership that aims to cover 400 million more poor and vulnerable people against disaster risks by …

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Shrinking GE Rattles Investors, Shares Hit 5-year Low

General Electric’s new Chief Executive John Flannery on Monday outlined steps that will turn the biggest U.S. industrial conglomerate into a smaller, more focused company, surprising some investors who sold …

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Mexico Readying Economic Response if US Exits NAFTA

Mexico’s government is preparing a macroeconomic response in case U.S. President Donald Trump makes good on threats to quit the North American Free Trade Agreement (NAFTA), an event which could …

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Bipartisan Analysis: Senate Bill Would Hike Taxes for 13.8 Million

Promoted as needed relief for the middle class, the Senate Republican tax overhaul would increase taxes for some 13.8 million moderate-income American households, a bipartisan analysis showed Monday. The assessment …

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Investors Leave Venezuela Meeting With No Clear Insight

Foreign investors walked a red carpet at a state palace Monday eager to hear strategies for reorganizing Venezuela’s billions in debt, but they left minutes later having learned no concrete …

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US Budget Deficit Up Sharply to $63.2 Billion in October

The federal government began its new budget year with an October deficit of $63.2 billion, up sharply from a year ago. The Treasury Department reported Monday that the October deficit …

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Trump Wrapping Up Asia Tour Dominated by North Korea, Trade

President Donald Trump is wrapping up 12-day, five-nation tour of Asia dominated by talks on the North Korea nuclear threat and bolstering trade. After talks in Manila on Monday with …

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World Leaders to Meet Under All-Female Co-Chair Team at Davos 2018

The next World Economic Forum of world leaders and CEOs in Davos will be chaired by women including International Monetary Fund director Christine Lagarde, Norwegian Prime Minister Erna Solberg and …

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Investors Remain Wary in Wake of Saudi Crackdown

A week after an unprecedented crackdown on some of Saudi Arabia’s wealthiest princes and businessmen, foreign governments and investors are still trying to answer basic questions about a round-up Saudi …

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EU Approves Sanctions, Arms Embargo Against Venezuela

The European Union has approved economic sanctions, including an arms embargo on Venezuela. EU foreign ministers meeting in Brussels announced the measures on Monday in response to regional elections last …

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Venezuela Sets Foreign Debt Meeting for Monday Afternoon

Venezuela’s foreign debt renegotiation committee will meet with creditors at 2 p.m. (1800 GMT) on Monday at the government’s “White Palace” in downtown Caracas, the finance minister said on Saturday. …

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Emirates Airlines Orders 40 Boeing 787s in $15B Deal

Emirates Airlines agreed to buy 40 Boeing 787-10s in a deal worth more than $15 billion. The purchase was announced Sunday at the Dubai Air Show by the largest airline …

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West Virginia Mine Sites Touted for Agriculture Potential

West Virginia could produce profitable niche crops grown on reclaimed mine sites. At least that’s what Nathan Hall, president of Reclaim Appalachia envisions. Hall spoke about uses for reclaimed sites …

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US Again Raising Beef for Chinese Consumers

Ranchers in the Midwestern U.S. state of Nebraska are raising beef for tables in China, reopening trade suspended more than a decade ago during concerns over mad cow disease. From …

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