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

Takata Announces Another Recall of Air Bags

Japanese car parts company Takata on Tuesday recalled another 2.7 million air bags that it previously thought were safe. The recall affects certain Ford, Mazda and Nissan cars from the …

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With Boko Haram Threat Receding, Nigeria Allows Fishing to Resume in Lake Chad

Three years ago, at the peak of the Boko Haram insurgency, Nigerian soldiers stopped all fishing activities in the country’s section of Lake Chad. Militants had infiltrated the ranks of …

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Trial Begins in Japan for CEO of Failed Bitcoin Exchange Mt. Gox

The former chief executive officer of the failed Bitcoin exchange Mt. Gox pleaded not guilty to charges that he stole hundreds of millions of dollars’ worth of the virtual currency. …

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Trump to Nominate Quarles to Be Fed’s Top Banking Regulator

U.S. President Donald Trump plans to nominate former Treasury official Randal Quarles to be the Federal Reserve’s top banking regulator, the White House said on Monday. If confirmed by the …

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US Expected to Scrap Visa Program for Entrepreneurs

President Donald Trump’s administration is postponing and plans to drop a program to provide visas for foreign entrepreneurs who launch companies in the United States. The visa program, proposed last …

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Tanzania’s President Signs New Mining Bills into Law

Tanzanian President John Magufuli said on Monday he has signed into law new mining bills which require the government to own at least a 16 percent stake in mining projects. …

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Musk Tweets Pictures of First Model 3 to Roll Off the Line

Tesla Inc. Chief Executive Elon Musk on Sunday tweeted pictures of the first Model 3 sedan to roll off the assembly line. Tesla board member Ira Ehrenpreis was the first …

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China’s COSCO to Buy Orient Overseas for $6.3 Billion

China’s biggest shipping company, state-owned COSCO Shipping Holdings Co., is creating the world’s No. 3 container shipping giant by acquiring rival Orient Overseas (International) Ltd. Shares in both companies surged …

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Rural Amazon Violence Rises Amid Bureaucracy Over Land Titles

For a farmer in Brazil’s Amazon, Manoel Freire Camurca was doing pretty well for himself until a local power broker burned down his house and took the surrounding fields he …

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At France’s Davos, French Bosses Laud Impact of New President

Top French company bosses who have for years lamented their country’s slow pace of reforms at an annual summer gathering in Provence offered glowing praise this year for the first …

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In India, Drug Makers Try to Stay a Step Ahead of FDA

In 28 years in India’s pharmaceuticals sector, Rajiv Desai has never been busier. Most of the last six months on his desk calendar is marked green, indicating visits to the …

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Canada’s Desjardins Suspends Lending for Energy Pipelines

Canadian lender Desjardins is considering no longer funding energy pipelines, a spokesman said Saturday, citing concerns about the impact such projects may have on the environment. Desjardins, the largest association …

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Trump Is Biggest Attraction at G-20 Summit

The G-20 summit of the world’s richest economies wrapped up Saturday against a backdrop of angry protests, and a pledge by leaders to fight protectionism in the face of U.S. …

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US, Russia on Collision Course Vying for Europe Gas Market

Visiting Poland this week, U.S. President Donald Trump pledged to boost exports of American liquefied natural gas (LNG) to Central Europe and take on Russia’s stranglehold on energy supplies. “America …

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US, Russia on Collision Course in Competition for European Gas Market

Visiting Poland this week, US President Donald Trump pledged to boost exports of American liquefied natural gas (LNG) to Central Europe, challenging Russia’s dominance of the market. Many European countries …

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US Economy Adds 222,000 Jobs in June; Wages Remain Flat

Job creation in the U.S. appears to have picked up speed, with employers adding 222,000 jobs last month. But the unemployment rate ticked higher as more Americans resumed their job …

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China Says Jump in North Korea Trade Just a Blip

A jump in first-quarter trade between China and North Korea was “unexpected” and masks a declining trend, a state-run Chinese newspaper said Friday, after U.S. President Donald Trump denounced China’s …

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Trump to European Leaders: Look at US as Energy Exporter

U.S. President Donald Trump urged the leaders of central and eastern European nations Thursday to enter into agreements to purchase U.S. energy exports, instead of relying heavily on imports from …

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Britain’s Finance Industry Faces ‘Tipping Point’ Over Brexit

Britain will lose its status as Europe’s top financial center unless it keeps borders open to specialist staff, improves infrastructure and expands links with emerging economies, TheCityUK said in a …

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City Plan Aims for Flood-free Growth in Argentina’s Santa Fe

Bolstering flood defenses and moving families away from risky areas are high on the agenda for Argentina’s Santa Fe as the river port city looks to grow its economy and …

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IMF: Global Economic Recovery ‘On Track,’ But Nations Must Work Together

The global economic recovery “remains on track,” according to the International Monetary Fund, but other experts say advanced economies are in for a period of slow growth. The IMF study …

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Rio Olympics Look to IOC for Help with $40 Million Debt

Almost a year after the Rio de Janeiro Olympics, Brazilian organizers are asking for help from the International Olympic Committee to satisfy creditors who are still owed about 130 million …

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