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 Bike-Share Revolution Brings Convenience, Headaches

Thanks to an explosion of bike share apps and providers, China is rediscovering its love of bicycles. In cities across the country and in the capital of Beijing, a colorful …

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Ivanka Trump’s Brand Distances Itself From China Shoemaker

Ivanka Trump’s fashion brand sought to distance itself from a Chinese manufacturer that has come under scrutiny after activists investigating labor conditions there were detained, saying the company last made …

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$10B Chinese Project in Myanmar Stirs Local Concern

Days before the first supertanker carrying 140,000 tons of Chinese-bound crude oil arrived in Myanmar’s Kyauk Pyu port, local officials confiscated Nyein Aye’s fishing nets. The 36-year-old fisherman was among …

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‘Foundation 500’ List of Women CEOs Challenges Stereotypes

From a Peruvian trout farm manager to the head of an Indonesian meatball company, a list of 500 women entrepreneurs in emerging markets was launched Thursday to challenge the stereotype …

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Mexican Sugar Producers Want Probe of US Corn Syrup Imports

Mexican sugar producers want an investigation into suspected dumping in Mexico by U.S. fructose producers even after a U.S.-Mexico deal on access to the U.S. sugar market, the head of …

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US Small Businesses in Clean Energy Sector Still Hope for Best

Small-business owners who install solar panels or help customers use clean energy don’t seem fazed by President Donald Trump’s plan to withdraw the U.S. from the Paris climate accord, saying …

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Overfishing Leaves an Industry in Crisis in Senegal

It was almost sunset as fishermen guided their boats back onto the beach at Joal, Senegal, after a long day at sea. At first glance, it looks as though they’d …

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Peru, Indonesia to Make Fishing Boat Tracking Data Public

Peru joined Indonesia Wednesday as the only two countries worldwide to make their fishing boat tracking data available to the public. Such access will give conservationists, along with those who …

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World Economy Seen Picking Up, But Political Uncertainty a Risk

A global watchdog says the world economy is picking up speed but faces big political uncertainties and needs to be reformed to make growth work for a broader swath of …

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Trump Chooses Regional Banker as Key Regulator of US Banks

President Donald Trump has chosen a regional banker as his nominee for a key government position in bank regulation.   Trump announced late Monday he is naming Joseph Otting as …

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AP Explains: House Republicans Take Aim at Financial Regulations

A decade ago, the first inklings of the coming recession emerged as a housing bubble fueled by scant regulation, low interest rates and easy credit gradually began to crater and …

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US, Mexico Reach Sugar Pact Without Backing from US Producers

The U.S. and Mexican governments reached a new agreement to significantly shift their sugar trade mix, but U.S. sugar producers have failed to endorse the deal, leaving question marks over …

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Report: International Tourism to US Stronger Than Expected

More international visitors came to the U.S. than expected in April 2017, according to a new report released Tuesday in Washington.   The U.S. Travel Association’s Travel Trends Index shows …

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South Africa’s Economy Falls Into Recession

South Africa’s economy – one of Africa’s biggest – is in recession. A 0.7 percent decline in GDP in the first quarter of this year followed a 0.3 percent contraction …

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US Job Openings Hit Record High

The number of job openings advertised in the United States hit a record high of six million in April. Tuesday’s report from Labor Department said the pace of hiring went …

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Poland, Ukraine Develop Gas Hub for Independence From Russia

Poland and Ukraine said Tuesday they are working toward developing a regional gas hub that would end Central and Eastern Europe’s dependence on Russian supplies and keep prices in line …

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Qatari Riyal Under Pressure as Saudi, UAE Banks Delay Qatar Deals

Qatar’s currency came under pressure on Tuesday as Gulf Arab commercial banks started holding off on business with Qatari banks because of a diplomatic rift in the region. Banking sources …

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Cities Push Back as Trump Aims to Cut Anti-Terrorism Funding

Cities are pushing back on the possibility of losing millions of dollars in U.S. anti-terrorism grants under President Donald Trump’s spending plan — the third straight White House that has moved …

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Trump Administration Considers Air Blasting in Atlantic in Search for Oil, Gas

The Trump administration is considering letting companies use seismic air guns to look for oil and gas deposits below the Atlantic Ocean, outraging environmentalists and coastal towns and resorts. The …

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Justices Side With Religious Hospitals in Pension Dispute

Religious hospitals don’t have to comply with federal laws protecting pension plans, a unanimous Supreme Court ruled Monday in a case that affects retirement benefits for roughly a million workers …

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US Probes Air Bag Computer Failures in 2012 Jeep Liberty

The U.S. government is investigating complaints that air bag control computers in some Jeep Liberty SUVs can fail, preventing the air bag system from operating properly in a crash. The …

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Silk Road Hub or Tax Haven? China’s New Border Trade Zone May Be Less Than It Seems

On the border of China and Kazakhstan, an international free trade zone has become a showpiece of Chinese President Xi Jinping’s signature Belt and Road initiative to boost global trade …

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