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

Trump Dissolves Business Advisory Councils After CEOs Quit in Protest

U.S. President Donald Trump continues to face a barrage of criticism for his contention that both white supremacists and counterprotesters were to blame for the deadly violence that erupted last …

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Trump Renews Twitter Criticism of Amazon

President Donald Trump is renewing his attacks on e-commerce giant Amazon, and he says the company is “doing great damage to tax paying retailers.”   Trump tweets that “towns, cities …

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Defector: UN Sanctions Would Play Havoc With North Korean Economy

The impact of the latest round of U.N. sanctions leveled against North Korea could be greater than the projected $1 billion cut in its export revenue if fully implemented, a …

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US, Mexico and Canada Launching NAFTA Renegotiation Talks

The United States, Mexico and Canada are opening negotiations Wednesday to reform the North American Free Trade Agreement, a 1994 trade deal that was a major target in U.S. President …

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Trade Talks: Key Issues in the NAFTA Renegotiations

Negotiators from Canada, Mexico and the United States will kick off an ambitious first round of trade talks Wednesday as the countries try to fast-track a deal to modernize the …

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Brazil Lawmakers Seek $1B in Taxpayer Money for Election Campaigns

Brazilian lawmakers facing a dearth of financing for their re-election campaigns next year proposed on Tuesday creating a fund of 3.6 billion reais ($1.1 billion) in taxpayer money to help …

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High-tech US Plants Offer Jobs Even as Laid-off Struggle

Herbie Mays is 3M proud, and it shows — in the 3M shirt he wears; in the 3M ring he earned after three decades at the company’s plant in suburban Cincinnati; …

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Amazon Opens ‘Instant Pickup’ Points in US Brick-and-Mortar Push

Amazon.com Inc is rolling out pickup points in the United States where shoppers can retrieve items immediately after ordering them, shortening delivery times from hours to minutes, the company said …

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Asked to Serve, Some CEOs Say No More to Trump

First it was the leader of a major U.S. pharmaceutical, then the CEO of an athletic gear company, and before the day had ended, the chief executive of a $170 …

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Difficult Negotiations Ahead as NAFTA Talks Begin in Washington

The first round of negotiations between the US, Canada and Mexico begins this week on what President Donald Trump has called “the worst trade deal ever.” He blames the 2-decades-old …

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China: US ‘Baring of Fangs’ on Trade Will Hurt Both Sides

A decision by the United States to investigate China’s trade practices is a unilateralist “baring of fangs” that will hurt both sides, China’s state news agency Xinhua said Tuesday. U.S. …

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Ex-head of Mexico’s State Oil Company Denies Taking Bribes

The former head of Mexico’s state-owned oil company, a key campaign adviser to President Enrique Pena Nieto, has denied accusations that he took bribes from Brazilian construction company Odebrecht.   …

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Merck CEO Pulls Out of Trump Panel, Demands Rejection of Bigotry

The chief executive of one of the world’s largest pharmaceutical companies resigned on Monday from a business panel led by Donald Trump, citing a need for leadership countering bigotry in …

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Guam’s Tourism Popularity Unhurt by North Korea Threats

Tourists haven’t been deterred from visiting the tropical island of Guam even though the U.S. territory has been the target of threats from North Korea during a week of angry …

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Trump Orders China Trade Investigation

U.S. President Donald Trump ordered his trade office Monday to investigate whether China is stealing American intellectual property, but Beijing warned in advance that both countries would end up losers …

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Lift Off for Africa’s First Airport Brewery

There is a new addition to Africa’s busiest air transport hub, O.R. Tambo International Airport near Johannesburg: the continent’s first airport-based brewery. Airport Craft Brewers is a reflection of South …

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Chinese Newspaper Warns Trump Risks ‘Trade War’

A Chinese state newspaper warned Monday that President Donald Trump “could trigger a trade war” if he goes ahead with plans to launch an investigation into whether China is stealing …

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Are Immigrants Driving the Motor City?

Beside rows of rusting shipping containers, a decorative wrought iron fence surrounds Taquería Mi Pueblo, one of the first family-run Mexican restaurants in southwest Detroit, Michigan. Its owner, Jalisco-native José …

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Beleaguered Detroit Relying on Immigrants to Revitalize City

Detroit, Michigan, knows hardship and recovery. One of the hardest hit areas in the country during the Great Recession, the Midwestern Rust Belt city has since found an ingredient to …

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US Stocks Post Gains Friday After Several Down Days

U.S. stock market indexes posted gains in Friday’s trading, a change in direction after several down days amid tensions between President Donald Trump and North Korea. In New York, the …

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Interview: How North Korea Tensions Impact Stock Markets

Rising tensions between the United States and North Korea brought a wave of falling stock prices recently as worried investors moved money out of equities and into the perceived safety …

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Israel, Land of Milk and Honey – and Now Whiskey?

Israel has been known as the land of milk and honey since Biblical times – but the land of single malt whiskey? One appropriately named distillery is trying to turn …

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