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

Forbes: Trump’s Net Worth Declined by $600 Million in Past Year

U.S. President Donald Trump’s net worth declined by some $600 million to $3.1 billion in the past year, according to Forbes magazine. The biggest contributing factor to Trump’s declining fortune …

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TV Analyst and New York Deli Owner: An Immigrant’s Pursuit of a Dream

For the last year, the deli that Egyptian-American Hatem El-Gamasy owns in Queens, New York has been the backdrop to on-air discussions on U.S. foreign policy and Middle Eastern affairs …

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In Harvey-hit County, Some in GOP Newly Confront the Climate

The church was empty, except for the piano too heavy for one man to move. It had been 21 days since the greatest storm Wayne Christopher had ever seen dumped …

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Populism Again Casts Shadow Over Booming Eurozone Economy

For months, the outlook for the eurozone economy has brightened thanks to a series of electoral defeats for populist parties in key states like France. Now, following votes in Germany …

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IMF: Global Economy Healthy, Still Needs Low Interest Rates

The world economy is the healthiest it’s been in years but could still use a little help from low-interest rates and higher government spending from countries that can afford it, …

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Reality of NAFTA Talks Sets in After Tough US Demands

Negotiators from Canada and Mexico grappled Saturday with U.S. demands to drastically alter the North American Free Trade Agreement, as talks over renewal of the pact vilified by President Donald …

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Winemaker Vows to Rebuild After Losing Battle With Wildfire

Throughout Northern California, where wildfires have raged for almost a week, killing at least 36 people and destroying about 6,000 buildings, residents are taking stock of what they have and …

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Innovation an Enormous Opportunity for Women to Shine

In its 19th year, the Fortune Most Powerful Women Summit brought together women leaders from a variety of industries to discuss the opportunities and pitfalls for companies seeking to grow …

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Are NAFTA’s Days Numbered?

Recent comments by U.S. President Donald Trump have raised fears that NAFTA, the 2-decades-old trade pact between Canada, the U.S. and Mexico, may be on its last legs. Proponents of …

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US Auto Demands Inject More Doubt Into NAFTA Talks

The Trump administration Friday demanded that U.S.-made content account for half the value of the cars and trucks sold under the North American Free Trade Agreement, raising further doubts about …

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Disaster-hit Nations Must Rebuild Better or Risk Losing Insurance, Experts Say

Disaster-prone countries that keep rebuilding homes, roads and utilities are in danger of becoming uninsurable unless their new infrastructure is built to survive further catastrophe, experts said Friday at a …

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China’s Imports From North Korea Fall Nearly 38 Percent in September

China’s imports from North Korea fell 37.9 percent in September from a year earlier, marking the seventh consecutive month of decline, the customs office said Friday. China-U.S. ties have been …

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California Wildfires Threaten Wine Country’s Lifeblood: Tourism

The wildfires burning through Northern California are sending visitors packing, threatening the $2 billion-plus spent annually by tourists on wine tours, fine food, limousine rides and much more, business leaders …

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Peru’s Cabinet Seeks New Legislative Powers on Economy From Congress

The government of Peru’s President Pedro Pablo Kuczynski said Thursday that it will request special powers to legislate economic policies from the opposition-ruled Congress, after growth slowed sharply during his …

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Report: Rise in Natural Disasters Fueling Global Homelessness

New research finds nearly 14 million people a year are losing their homes because of sudden onset disasters such as floods and cyclones. The Internal Displacement Monitoring Center, which analyzed …

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US Proposes NAFTA Sunset Clause, Raising Tensions in Talks

Washington has increased tensions in talks to renew the North American Free Trade Agreement by insisting that any new deal be allowed to expire after five years, two officials familiar …

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EU Says Little Progress Made in Brexit Talks With Britain

The European Union’s Brexit negotiator said Thursday that that little progress was made with the U.K. in a fifth round of talks on the country’s departure from the EU in …

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Evergrande Property Magnate Seizes Top Spot On China Rich List

China has a new richest man, according to the annual Hurun rich list of the country’s top movers and shakers. Xu Jiayin, the chairman of developer China Evergrande Group, has …

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Odd Mix of Industry, Environmentalists Fight Trump Coal, Nuclear Plan

The Trump administration says coal is back and nuclear energy is cool. Not at the expense of natural gas, wind and solar, insists an unusual coalition of business and environmental …

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First Latina Makes History in Fortune 50 Most Powerful Women List

The ranking of the 50 most powerful women by Fortune magazine is out. The list include such stalwarts as General Motors Mary Barra and PepsiCo’s Indra Nooyi. But it also …

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Bloomberg Pledges $64 Million to Anti-Coal Initiatives

Billionaire philanthopist Michael Bloomberg has pledged an additional $64 million for the initiatives intended to slash the number of U.S. coal power plants. Bloomberg’s charity announced Wednesday the money will …

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Russian Prime Minister Strikes Energy Deals in Morocco

Russian Prime Minister Dmitry Medvedev has signed a string of energy, military and other deals with Morocco during a North Africa tour.   Medvedev met Wednesday with Moroccan Prime Minister …

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