Jordan’s high and rising public debt has worried the International Monetary Fund and prompted a downgrade from Standard & Poor’s. So the government is planning a blast of austerity by …
your ads here!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
China Turning Pakistan Port Into Regional Giant
An unprecedented Chinese financial and construction effort is rapidly developing Pakistan’s strategically located Arabian Sea port of Gwadar into one of the world’s largest transit and transshipment cargo facilities. The …
your ads here!US Workforce to Add 11.5 Million Jobs by 2026
The U.S. economy is expected add another 11.5 million jobs by 2026, as an aging population and longer life spans raise the need for health care providers. The total U.S. …
your ads here!Orange Is the New White? Unique Amber Wine Creates Buzz
The sloping vineyards of New York’s Finger Lakes region known for producing golden-hued rieslings and chardonnays also are offering a splash of orange wine. The color comes not from …
your ads here!South African Bakery Slices Prices and Sees Sales Skyrocket
A bakery in a low-income area of Johannesburg slashed prices of its popular bread, with unexpected results. What started as a way to help feed the community became a recipe …
your ads here!Fed’s Powell, Economist Taylor, Yellen on Trump’s Federal Reserve List
President Donald Trump is considering nominating Federal Reserve Governor Jerome Powell and Stanford University economist John Taylor for the central bank’s top two jobs, in an apparent bid to reassure …
your ads here!Turkey Bank Regulator Dismisses ‘Rumors’ After Iran Sanctions Report
Turkey’s banking regulator urged the public on Saturday to ignore rumors about financial institutions, in an apparent dismissal of a report that some Turkish banks face billions of dollars of …
your ads here!Era Ends: Hong Kong Stock Trading Floor to Close
Hong Kong’s last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall. The bourse’s operator, Hong Kong Exchanges & Clearing, …
your ads here!Judge Tosses $400 Million Verdict in Cancer, Talc Powder Case
A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its …
your ads here!China Set to Spend Billions on ‘One Belt One Road,’ But Some Want Focus on Poverty
Running 1,300 kilometers over the world’s highest mountain pass, the “Friendship,” or Karakoram, Highway is evidence of China’s willingness to spend big as a contributor to global development. Costing tens …
your ads here!Philippines Faces More Transit Strikes Ahead of Year-end Reform Deadline
A mass transit strike in the Philippines this week risks more disruptive collective action unless drivers and the government settle differences over costly upgrades to an aging yet iconic vehicle …
your ads here!Political Uncertainty Slows Down Kenya’s Economic Growth
Kenya’s economy is expected to grow next year by 5 percent, down from a projected 6 percent, according to the International Monetary Fund. The slowdown is largely blamed on the …
your ads here!High Schoolers Experience What it is Like to be Professionals
When the new school year started in September, 16-year-old Aelina Pogosian couldn’t wait to tell her friends about the most interesting part of her summer vacation: her RISE internship, working …
your ads here!Last Holden Rolls Off Factory Line in Australia
The last mass-produced car designed and built in Australia rolled off General Motors Co.’s production line in the industrial city of Adelaide on Friday as the nation reluctantly bid farewell …
your ads here!Western Influence Feeding the Streets of Iraq
In Iraq, young entrepreneurs cash-in on a food trend popularized in the West. Trucks serving American-style fast food serve meals on-the-go and opportunities for those hungry for work. Arash Arabasadi …
your ads here!Dow closes above 23,000 for first time; IBM soars
The Dow Jones Industrial Average closed above 23,000 for the first time on Wednesday, driven by a jump in IBM after it hinted at a return to revenue growth. The …
your ads here!A Lifeline for Millions in Somalia, Money Remittance Industry Seeks More Support
Every month, Fatma Ahmed sends $200 of the earnings she makes in London to her family in Somalia. “It’s for daily life. For rent, for buying grocery things, to live …
your ads here!A Lifeline for Millions in Somalia, Money Remittance Industry Seeks Support
Remittances from overseas diaspora constitute a vital part of the economy of many developing nations, none more so than Somalia, where the inflows add up to more than foreign aid …
your ads here!10 WTO Members Air Concerns About Trump ‘Buy American’ Order
A Geneva trade official says China and Taiwan have joined many U.S. allies including Israel at the World Trade Organization to express concerns over a Trump administration executive order that …
your ads here!Significant Differences Remain After 4th Round of NAFTA talks End in Washington
Trade ministers from the United States, Canada and Mexico wrapped up a contentious fourth round of talks this week, aimed at modernizing the North American Free Trade Agreement. But the …
your ads here!Canada: NAFTA’s Proposed Changes ‘Troubling’
Canada’s foreign minister says there are “unconventional” and “troubling” proposals on the table as Canada, the United States and Mexico seek to update the North American Free Trade Agreement. The …
your ads here!US Homebuilder Sentiment Rises in October
U.S. homebuilders are feeling more optimistic than they have in months, looking past a recent slowdown in new home sales and the risk of rising labor and materials costs following …
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