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

World Bank: Ivorian Women Could Boost Economy by $6 Billion

As women pound the pavements of Abidjan selling their wares, direct manic traffic in blue police uniforms and host popular television shows, it’s hard to believe Ivory Coast has one …

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Treasury Secretary Vague on Support for Tubman on US $20 Bill

Treasury Secretary Steven Mnuchin is raising speculation that Harriet Tubman’s future on the $20 bill could be in jeopardy.   In a CNBC interview, Mnuchin on Thursday avoided a direct …

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Fuel Futures, Oil Prices Rise as Storm Sidelines US Refineries

Gasoline futures surged more than 13 percent Thursday, and crude oil settled nearly 3 percent higher, as almost a quarter of U.S. refining capacity remained offline and traders scrambled to …

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US Agency Names 4 Firms to Build Border Wall Prototypes

U.S. Customs and Border Protection selected four construction companies Thursday to erect prototypes of the Mexican border wall that President Donald Trump has said he intends to build to deter …

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French Labor Reform Gives Firms Flexibility

The French government said on Thursday it would cap unfair dismissal payouts and give companies more flexibility to adapt pay and working hours to market conditions in a labor reform …

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Trump’s Immigrant Crackdown Could Slow Houston Rebuilding

In the coming weeks, as Houston turns its attention to rebuilding areas devastated by Tropical Storm Harvey, people like Jay De Leon are likely to play an outsized role — …

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Michigan, North Dakota Among States Likely to be Hurt by NAFTA Changes

Michigan is likely to be the state most hurt by changes to the NAFTA trade agreement, according to a Fitch Ratings report released Wednesday, as U.S. President Donald Trump renewed …

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US-funded Ethiopian Abattoir Hopes to Help Herders During Drought

An abattoir located among herding communities in Ethiopia’s eastern Somali region, known more for droughts and famine than business opportunities, is an unusual stop for a U.S. aid administrator. But …

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Growing Commerce With India Gives Vietnam New Defense Against China

A flood of Indian business in fast-growing Vietnam has solidified commercial ties to help Hanoi upgrade an alliance with a powerful Asian neighbor and offset dependence on its historic rival, …

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US Economic Growth Upgraded to 3 Percent Rate in Q2

The U.S. economy rebounded sharply in the spring, growing at the fastest pace in more than two years amid brisk consumer spending on autos and other goods.   The gross …

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Source: US Sanctions on Venezuela Oil Company CFO Tangle Financial Deals

U.S. sanctions on the finance boss of Venezuela’s oil company PDVSA have led to some exports to the United States being blocked as banks and investment funds refuse to provide …

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Trump to Promote Tax Reform

U.S. President Donald Trump is traveling to the state of Missouri to try to build support for his goal of reforming the country’s tax code. Administration officials say the president …

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Post-Harvey Rebuilding Expected to Cost More, Take Longer Because of Labor Shortage

In Texas, rebuilding efforts in areas devastated by Hurricane Harvey’s winds and floods face higher costs and some delays because the construction industry has a critical shortage of skilled workers. …

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Study: Cities and Companies Team Up to Tackle Urban Water Crises

With rising urban populations and ever scarcer water supplies, cities and companies are teaming up to invest billions of dollars in water management projects, a report said on Tuesday. Around …

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World Bank: Tackle Middle East Water Scarcity to Save Money, Boost Stability

The Middle East and North Africa region loses about $21 billion each year because of an inadequate supply of water and sanitation, the World Bank said Tuesday, warning that urgent …

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Mexico Dusts Off ‘Plan B’ as Trump Revs Up Threats to Kill NAFTA

Mexico sees a serious risk the United States will withdraw from NAFTA and is preparing a plan for that eventuality, Economy Minister Ildefonso Guajardo said Tuesday, calling talks to renegotiate …

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Brazil Looks to China to Finish Nuclear Power Plant

Brazil will seek China’s expertise and financing to complete its third nuclear power plant when President Michel Temer makes a state visit to Beijing on Friday, Brazilian government officials said …

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Brazil Revises Decree Allowing Amazon Mining After Criticism

Brazil’s government has revised a decree that stripped protections from a reserve in the Amazon after environmental groups criticized the original order. The new decree announced late Monday still lifts …

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Cambodian Indigenous Minorities Fighting Tide of Development

In Cambodia, the issue of land rights is a constant source of tension. The country’s biggest dam to date is set to go online in just weeks, adding 400 megawatts …

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Prepping for Future With Drought-resistant Wheat

There are two ways to deal with climate change: stop or slow it through controlling emissions, or adapt to it. Chances are we’re going to have to do both. In …

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Peru Sees ‘Ambitious’ Trade Deal with Australia as Early as 2018

Peru expects a “very ambitious” free trade deal with Australia that covers goods, services and investments to be implemented as early as next year, Peru’s deputy trade minister said on …

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Mexico President to Visit China to Boost Trade Amid NAFTA Talks

Mexico’s President Enrique Pena Nieto will travel to China next week to discuss trade and investment, as Mexico looks for ways to decrease its dependence on NAFTA, especially trade with …

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