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

Booming Tourist Industry Boosting African Economies

A new report finds flourishing tourism in Africa is putting millions of people to work and adding billions of dollars to national economies. The UN Conference on Trade and Development’s …

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Trump, Merkel on G-20 Collision Course Over Climate, Trade

As police step up patrols and protesters set up camp in Hamburg, Germany, no one is expecting an easy weekend when U.S. President Donald Trump joins other heads of the …

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Tesla Says its Model 3 Car will Go on Sale on Friday

Electric car maker Tesla says its much-ballyhooed Model 3 car for the masses will go on sale on Friday. CEO Elon Musk made the announcement Monday on Twitter.   The …

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Vegetarian Beef Farmer Moves Herd to Greener Pastures

For committed vegetarian Jay Wilde, taking over his father’s central England beef farm in 2011 gave rise to a significant ethical dilemma: how could he continue running his family business, …

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Qatar, Isolated by Neighbors, Plans Gas Output Boost

The politically isolated Gulf nation of Qatar says it plans to boost production of liquefied natural gas by 30 percent over the coming years. State-run Qatar Petroleum made the announcement …

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Renewable Energy Surges, But Fossil Fuel Still Powers Most of Economy

Renewables are a fast-growing part of the energy that powers the United States, but a government report shows fossil fuels still provide energy for most of the economy. The Energy …

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Export Boom? Eurozone Shows Britain How it’s Done

Feted by some British newspapers as proof of a Brexit vote windfall, Britain’s recent export recovery ranks as the worst among Europe’s major economies, according to one closely-watched measure. Surveys …

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World’s Biggest Container Shipping Line Operating Close to Normal After Cyberattack

A global Danish transport and logistics company says it has restored most of its information technology systems after experiencing a major cyberattack last week that affected companies and government agencies …

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Qatar’s Stock Market Falls as Neighbors’ Demands Unmet

Qatar’s stock market fell sharply Sunday as a deadline for Doha to accept a series of political demands by four Arab states was expected to expire later in the day …

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Thailand, China to Sign $5 Billion Rail Infrastructure Agreement

In a major boost to Thailand’s transportation infrastructure, the military government is set to sign a more than $5 billion agreement with China for a high-speed rail network. The first …

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India to Rollout Momentous Tax Reform, But Many Fear Rocky Transition

India is set to rollout a momentous tax reform at midnight Friday that will transform the country of 1.3 billion people into a single market. The Goods and Services Tax …

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US Growth in First Quarter Better Than Expected, Global Outlook Improves

U.S. economic growth in the first quarter of 2017 was better than expected but not by much. The Commerce Department says U.S. GDP, the broadest measure of goods and services …

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Kenya’s Nomads Work Together to Reduce Conflicts and Poverty

It looked like a hostage swap, only the currency was livestock and the mission was to end decades of deadly clashes. More than 50 sheep, goats and cows stood in …

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US Farmers Plow Through Uncertain Trade Environment

Many Americans in rural parts of the United States voted to elect Donald Trump as president in 2016, despite his stance against trade agreements. In the wake of the President …

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Uber, Others Change Vietnam’s Motorbike Culture

Nguyen Kim Lan used to make a decent living shuttling customers around town on his Honda motorbike. But his clientele has dwindled as young and tech-savvy Vietnamese increasingly use ride-hailing …

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Cuba Expects Tourism Growth Despite Trump’s Crackdown on US Travel

Cuba earned more than $3 billion from tourism in 2016 and expects to better that this year despite President Donald Trump’s tightening of restrictions on U.S. travel to the Caribbean …

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Politics of Death: Lawyers Join Battle Over Land in Mineral-rich Indian State

For Shalini Gera, a rights lawyer in India’s Chhattisgarh state, it was the searing testimony of tribal activist Soni Sori that drew her attention to atrocities in the mineral-rich state. …

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China Frees 3 Activists who Probed Ivanka Trump Supplier

Chinese authorities have released on bail three activists who had been detained after investigating labor conditions at a factory that produced shoes for Ivanka Trump and other brands. The three …

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Trial of Chinese Billionaire in UN Bribery Case Opens

Jury selection began Monday in the trial of a Chinese billionaire accused of bribing United Nations diplomats to gain their approval of a U.N. conference center he wanted to build. …

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Thirteen EU Nations Back Plan for Talks With Russia Over Pipeline

Thirteen EU nations voiced support on Monday for a proposal to empower the bloc’s executive to negotiate with Russia over objections to a new Russian gas pipeline to Germany, despite …

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Cuban Farmland Lies Fallow, Production Languishes, Govt. Report Shows

More than half of Cuba’s arable land remains fallow nearly a decade after a government pledge to cultivate it, and food production is sluggish, according to a government report. Cuba …

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US Firm Stops Selling Cladding Used in Grenfell Tower

The American company which made cladding used London’s Grenfell Tower, where 79 people died after the building caught fire, has said it will stop global sales of the product. U.S.-based …

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