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

India Seeks to Promote a Staple Dish as Its Brand Food Across Globe

Indian cuisine is often identified with spicy curries and a range of kebabs, but the government wants to propel a staple dish made with rice and lentils across the global …

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India Seeks to Promote a Staple Dish As Its Brand Food Across the Globe

Indian cuisine is often identified with spicy curries and a range of kebabs, but the government wants to propel a staple dish made with rice and lentils across the global …

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US Demining Cut Provokes Cambodia

A U.S. decision to cut funding for a demining program in Cambodia threatens to further worsen a feud between Phnom Penh and Washington. On Tuesday, it emerged through local media …

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Japan Joins Belt & Road Competition Amid Trump’s Asia Tour

During his stop in Tokyo this week, Japanese Prime Minister Shinzo Abe gave U.S. President Donald Trump a white hat that said: “Donald & Shinzo, Make Alliance Even Greater.” And …

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Catalonia Faces 10 Percent Tourism Hit in Fourth Quarter

The restive Spanish region of Catalonia faces a potential $500 million financial hit in the fourth quarter as business-related travel dips following the attack in Barcelona and the uncertainty generated …

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Saudi Economy Vulnerable as Corruption Probe Hits Business Old Guard

Two weeks ago the glitzy Ritz Carlton hotel in Riyadh was the site of an international conference promoting Saudi Arabia as an investment destination, with over 3,000 officials and business …

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Dudley Retirement Reflects Broad Turnover of US Federal Reserve Leadership

A revamping of the Federal Reserve’s leadership is widening with the announcement Monday that William Dudley, president of the New York Fed and the No. 2 official on the Fed’s …

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Huge Political Stakes in US Tax Reform Fight

While President Donald Trump continues an Asia trip with high geo-strategic stakes, Republicans in Washington are promoting an ambitious tax reform bill that could bring enormous fiscal, and political, consequences. …

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Multinationals Grapple with US Republican Excise Tax Surprise

The Republican tax bill unveiled last week in the U.S. Congress could disrupt the global supply chains of large, multinational companies by slapping a 20-percent tax on cross-border transactions they …

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Sprint, T-Mobile End Merger Talks

Wireless carriers Sprint and T-Mobile called off a potential merger, saying the companies couldn’t come to an agreement that would benefit customers and shareholders. The two companies have been dancing …

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Trump Urges Saudi Arabia To List Shares of World’s Largest Oil Producer on NYSE

U.S. President Donald Trump urged Saudi Arabia Saturday to list its state-owned oil company on the New York Stock Exchange when the company goes public in what is expected to …

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Saudi Crown Prince Tackles Extremism on the Road to Social, Economic Reform

The recent flurry of social and economic reform coming out of Saudi Arabia has left some Saudis ecstatic, others more circumspect, and a few conservatives bewildered or even angry. Saudi …

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China Border Traders Hit Hard by North Korea Sanctions

For Yu Kaiguang, harsh new United Nations sanctions on North Korea are a disaster. The trader in the Chinese border city of Dandong has seen business all but dry up, …

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US Unemployment Lowest in 17 Years After Employers Add 261,000 Jobs

A solid rebound for the job market in October as the U.S. economy added 261,000 jobs. Job gains were strong across the board, and the unemployment rate fell to 4.1 …

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Implications of Venezuela’s Proposed Foreign Debt Restructuring

Venezuelan President Nicolas Maduro has announced that the country and state oil company PDVSA will restructure its burgeoning foreign debt, even as he vowed to make a payment of more …

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California Asks US for $7.4 Billion for Wildfire Rebuilding

California Gov. Jerry Brown and lawmakers asked the U.S. government Friday for $7.4 billion to help rebuild after a cluster of fires tore through the heart of wine country, killing …

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Largest US Port Complex Passes Plan to Reach Zero Emissions

The largest port complex in the nation has set goals to drastically reduce air pollution over the next several decades. The plan approved Thursday at a meeting of the governing …

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Nigeria Militants End Oil Hub Cease-fire

A Nigerian militant group whose attacks on energy facilities in the Niger Delta last year helped push Africa’s biggest economy into recession said Friday that it had ended its cease-fire. …

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Venezuela Calls Creditors to Debt Talks

Venezuela’s cash-strapped government invited creditors to a Nov. 13 meeting in Caracas on Friday, after announcing plans to potentially restructure some $60 billion in bonds that sent the OPEC nation’s …

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France’s Macron Targets Apprentices in Labor Market Shake-up

In a warehouse outside Paris, university drop-out Celine Galland stacks  palettes and fills out an inventory sheet, part of a logistics apprenticeship she hopes will put a decade of short-term …

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Trump Names Jerome Powell New Fed Chief

President Donald Trump is making his mark on the US Federal Reserve, naming former investment manager and central bank governor Jerome Powell to replace Janet Yellen, whose term expires in …

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Venezuela Looks to Restructure Debt, but Default Looms

Venezuela on Thursday announced plans to restructure its burgeoning foreign debt, a move that may lead to a default by the cash-strapped OPEC nation whose collapsing socialist economy has left …

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