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

US Manufacturing Activity Hits 13-year High

U.S. factory activity surged to a more than 13-year high in September amid strong gains in new orders and raw material prices, pointing to underlying strength in the economy even …

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US Supreme Court Rejects Samsung Appeal in Warranty Dispute

The U.S. Supreme Court on Monday refused to consider a bid by Samsung Electronics Co Ltd. to force customers who have filed proposed class-action lawsuits against the company to arbitrate …

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Despite Typhoons, Macau Casino Revenue up 16 Percent in One Month

Casinos in the world’s biggest casino hub of Macau extended a 14-month winning streak in September with revenue up 16.1 percent, priming for a bumper national holiday week, which is …

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China Manufacturing Expands at Fastest Pace in 5 Years

An official survey released Saturday said that China’s factory activity expanded in September at the fastest pace in five years, as the country’s vital manufacturing sector stepped up production to …

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Untangling US Tax System

Nearly all U.S. taxpayers say American tax law, which runs tens of thousands of pages, is an incredibly complicated, annoying mess. And there is no agreement on how to fix …

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IMF Chief tells Central Bankers to not Dismiss Bitcoin

Christine Lagarde, the head of the International Monetary Fund, has a message for the world’s central bankers: Don’t be Luddites. Addressing a conference in London on Friday, Lagarde said virtual …

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Tree-trimming Company Hit With Record Fine for Hiring Undocumented Workers

The government has fined U.S. tree-trimming company a record $95 million for knowingly hiring undocumented immigrants. U.S. prosecutors said the fine against Philadelphia-based Asplundh Tree Expert Co. was the largest …

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Senegalese Music Start-ups Race to Be West Africa’s Spotify

Senegalese start-ups are testing a fledgling market for online music platforms in French-speaking West Africa, where interest in digital entertainment is growing but a lack of credit cards has prevented …

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Saudi Women Will Drive, But Not Necessarily Buy New Cars

What’s your dream car to drive? Saudi women are asking that question after the kingdom announced that females would be granted licenses and be allowed to drive for the first …

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US Supreme Court to Hear New Challenge to Labor Unions

A Supreme Court with a reconstituted conservative majority is taking on a new case with the potential to financially cripple Democratic-leaning labor unions that represent government workers. The justices deadlocked …

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Equifax Apologizes as U.S. Watchdog Calls for More Oversight

Equifax Inc promised to make it easier for consumers to control access to their credit records in the wake of the company’s massive breach after the top U.S. consumer financial …

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Carmakers Welcome Arrival of Saudi Women Behind the Wheel

Saudi Arabia’s decision to lift its ban on women driving cars may help to restore sales growth in an auto market dented by the economic fallout from weak oil prices, …

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Trump: Foreign Country Plans to Build, Expand 5 US Auto Sector Plants

President Donald Trump said on Wednesday a foreign leader told him at the United Nations last week that the country would soon announce plans to build or expand five automobile …

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Mercosur Could Seek Trade Deals With Canada, Australia, New Zealand

The South American trade bloc Mercosur could seek trade deals with Canada, Australia and New Zealand this year, an Argentine official said Wednesday, as largest members Brazil and Argentina seek …

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Study: Weather Extremes, Fossil Fuel Pollution Costing US $240B

Weather extremes and air pollution from burning fossil fuels cost the United States $240 billion a year in the past decade, according to a report Wednesday that urged President Donald …

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Venezuela Craft Brewers Rare Bright Spot in Crisis Economy

With Venezuela’s economic crisis leaving consumers struggling to buy basic staple foods, small Caracas brewery Social Club might seem out of place selling craft beer that costs per bottle what …

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Republican Tax Plan Seeks Big Cuts, Retention of Popular Deductions

A blueprint of a Republican tax overhaul plan proposes tax cuts to wealthy Americans, businesses and the middle class while protecting deductions such as those for mortgage interest and charitable …

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Irma’s Destruction of Trailers Challenges Keys’ Lifestyle

Architect Kobi Karp has a vision for affordable housing in the Florida Keys: residences set at coconut-tree height to keep them dry, atop concrete columns holding them in place.   …

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Bombardier Tariff by US Is ‘Attack’ on Canada, Quebec Premier Says

The 220 percent tariff imposed by the United States on Bombardier Inc’s CSeries jet is an “attack” on Quebec and Canada, the province’s Premier Philippe Couillard said on Wednesday. “Quebec …

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US Durable Goods Orders up 1.7 Percent in August

Orders for long-lasting manufactured goods rose a modest 1.7 percent in August, reflecting a rebound in the volatile aircraft sector. A gauge of business investment was up for a second …

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US Slaps 220 Percent Duty on Canada’s Bombardier Jets

The Commerce Department slapped duties of nearly 220 percent on Canada’s Bombardier C Series aircraft Tuesday in a victory for Boeing that is likely to raise tensions between the United …

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Bike Boom Nibbles on Asia Gasoline Demand Growth

It is not quite going back to the horse, even if the bicycle was the first contraption to replace beasts as a means of personal transport. This is a new …

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