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 Bitcoin Exchange to End Trading; Currency Value Falls

One of China’s biggest bitcoin exchanges says it will end trading after news reports that regulators have ordered all Chinese exchanges to close caused the price of the digital currency …

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Leverage in Cambodia Key Question for US, EU

Radio Free Asia has joined the ranks of media outlets shuttered under the now almost blanket smothering of an independent press in Cambodia, as U.S. and European diplomatic efforts have …

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Research Points to Ecological Costs of ‘Unethical’ Chocolate

Your afternoon chocolate bar may be fueling climate change, destroying protected forests and threatening elephants, chimpanzees and hippos in West Africa, research suggests. Well-known brands, such as Mars and Nestle, …

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Harvey Charities Raise More Than $350M in Less Than 3 Weeks

More than 50 local and national charities have raised more than $350 million in the nearly three weeks since Hurricane Harvey struck the Texas Gulf Coast, and the disparate groups …

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Immigrants, Refugees Revive Depressed Neighborhood in Columbus, Ohio

The Northland area of Columbus, Ohio was booming in the 1960s and 70s. About 65 square kilometers, the area was a shopping and dining destination. Its centerpiece was the Northland …

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Hurricanes Boost Inflation & Scramble Some US Job Markets

The two recent hurricanes that hit the United States raised inflation and puzzled analysts tracking job losses in Texas and Florida. Experts say the impact on the huge economy is …

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Immigrants and Refugees Revive Depressed Neighborhood

A large influx of immigrants and refugees certainly helps boost the population of a region. But they can also have social and economic impacts. The northern part of Columbus, Ohio …

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Thriving Black Market Could Mitigate North Korea Sanctions Impact

Illicit evasion and a thriving black market continue to mitigate the impact of sanctions intended to deprive North Korea of billions of dollars in revenue and needed components for its …

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Trump Blocks Chinese Takeover of US Computer Chip Company

President Donald Trump has blocked the acquisition of a U.S. computer chip manufacturer by a Chinese company, calling it a threat to national security. The Chinese-owned Canyon Bridge Fund has …

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Workers on Seasonal US Visas Tell Panel of Abuses

As Congress looks into ways to fix the immigration system, often with the goal of safeguarding job opportunities for U.S. workers, at least one immigration organization argues that current federal …

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Pittsburgh to Be Site of America’s Largest Urban Farm

Pittsburgh, once a dynamo of heavy industry, will soon become home to the United States’ largest urban farm, part of what advocates say is a trend to transform former manufacturing …

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Cameroon Forest People: Land Rights Abuses Threaten Survival

Leaders of Cameroon’s indigenous forest peoples say their survival is at risk if they are further deprived of access to the lands that are the source of their livelihoods. Speaking …

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Gambia Turns to Private Maritime Policing

Gambia is negotiating deals with three private companies to crack down on rampant illegal fishing in its territorial waters, a senior official with the fisheries ministry told Reuters. Made possible …

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From Refugee Camp to Runway, Hijab-wearing Model Breaks Barriers

Roughly one year ago, Denise Wallace, executive co-director of the Miss Minnesota USA pageant, received a phone call from 19-year-old Halima Aden asking if she could compete in the contest …

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Violent Street Protests Break Out in Haiti Over Tax Hikes

Protesters in Haiti damaged commercial buildings in the capital city and set cars on fire Tuesday, angered by government tax hikes that come at a time when foreign aid is …

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Corporate Tax Goal in Doubt as Trump Kicks Off Push on Reform

U.S. Treasury Secretary Steven Mnuchin on Tuesday cast doubt on President Donald Trump’s goal of cutting the corporate tax rate to 15 percent, even as the president moved to inject …

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GOP Lawmakers Push Balanced Budget Mandate in Constitution

Lawmakers from 19 states are trying to develop a plan in Arizona this week for carrying out a growing, but unlikely, national effort to amend the Constitution to require a …

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Syria Signs Aleppo Power Plant Contract With Iran

Syria’s government signed a contract with an Iranian company on Tuesday to import five gas-fired power plants to the war-battered city of Aleppo, in an early sign of the major …

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Macron’s Big Test: France-Wide Protests Over Labor Overhaul

Eiffel Tower employees planned a walkout, angry carnival workers snarled traffic around Paris’ Arc de Triomphe, and Paris police girded for potential violence as unions and others hold nationwide protests …

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While Stock Market Soars, US Farmers Struggle

While U.S. stock indexes continue to see record breaking gains and U.S. employment numbers are encouraging, American farmers continue to struggle with high costs for fertilizer and seed at a …

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Post-Brexit Customs Checks Could Cost Traders $5B a Year

The introduction of post-Brexit customs checks could cost traders more than 4 billion pounds ($5.28 billion) a year, according to a think tank report released on Monday. The British government …

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Brazil Businessman Turns Himself into Police in Graft Probe

The former chairman of the world’s largest meatpacker, whose testimony implicated Brazil’s president in corruption, turned himself in to police Sunday after the country’s Supreme Court ordered his arrest.   …

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