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

Vietnam to Sign Deals for Up to $17B in US Goods, Services

Vietnamese Prime Minister Nguyen Xuan Phuc said Tuesday that he would sign deals for U.S. goods and services worth $15 billion to $17 billion during his visit to Washington, mainly …

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Mexico to Review Rules of Origin to Help NAFTA Renegotiation

Mexico’s foreign minister says the country is “inevitably” set to review rules of origin when renegotiating the North American Free Trade Agreement, giving a boost to President Donald Trump’s manufacturing …

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Brazil’s Labor Reform Vote in Senate Put Off Until Next Week

The Brazilian government decided on Tuesday to wait until next week to put a bill modernizing labor laws to a vote in the Senate Economic Affairs Committee, its leader in …

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Burundi Paralyzed by Fuel Shortages as Leaders Blame Lack of Dollars

Fuel shortages have paralyzed the small central African nation of Burundi, threatening further damage to an economy already moribund after years of political violence and raising questions about the role …

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Kenyans Forced Off Tea Highlands by British Colonialists Seek Justice

In a roadside cafe in Kenya’s majestic highlands, Elly Sigilai cradled a steaming mug of tea and recalled how 17 relatives died after British colonialists ousted them in 1934 to …

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Indie Bookstores Hold Steady in Tough US Retail Market

With retail stores shutting down at the fastest pace since the crash of 2008, the head of the American Booksellers Association is grateful to see business holding steady.   After …

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Chicago Startup Founded by Military Veterans ‘Cultivating Peace’ in Afghanistan

At Café Bar-Ba-Reeba on Chicago’s north side, there is one key ingredient that could make or break Executive Chef Matt Holmes’ menu. “We feature it in our paeallas, which are …

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Border Closure Hurts Afghan-Pakistan Produce Trade

Cross-border fighting between Afghanistan and Pakistan has suspended trade worth millions of dollars and stranded hundreds of trucks loaded with fruits and vegetables at the border, where the produce stands …

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India’s Limits on Selling Cattle Could Hurt Industry, Diets

A new ban imposed by India’s government on the sale of cows and buffaloes for slaughter to protect animals considered holy by many Hindus is drawing widespread protests from state …

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British Airways Is ‘Near-Full Operation’ After Computer Failure

British Airways passengers continue to face delays, cancellations, and overcrowding Sunday at Heathrow Airport as the airline reels from a computer failure. The airline said that all long-haul flights will …

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US Military Veterans Trying to ‘Cultivate Peace’ in Afghanistan, Where They Served

Saffron has long been one of the world’s most expensive spices. The saffron crocus that produces the spice grows mostly in parts of Europe, Iran and India. Now, a U.S. …

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Report: Trump Tells ‘Confidants’ US Will Leave Paris Climate Deal

U.S. President Donald Trump has told “confidants,” including the head of the Environmental Protection Agency, Scott Pruitt, that he plans to leave a landmark international agreement on climate change, the …

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Reports: US Job Market Remains Strong; Merchandise Trade Deficit Gets Worse

New data Thursday paint a mixed picture of the U.S. economy. A report on the job market shows a slight increase in the number of people signing up for unemployment …

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Trump Seeks to End Program for Older Jobless Americans

Nathan Singletary is beyond the traditional retirement age, but he’s only just beginning a new career — helping other low-income, unemployed Americans over age 55 find jobs. Singletary got his …

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OPEC, Non-OPEC Nations Poised to Extend Output Cuts

OPEC and other oil nations meeting Thursday appeared set to extend their production cuts in an effort to shore up prices. But the intended impact could be short-lived. That’s due …

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China Expands Globally Amid Concerns Over its Mercantilist Policies

China recently rolled out a global economic initiative known as One Belt, One Road, named after the ancient Silk Road. Chinese President Xi Jinping says the initiative is aimed at …

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Treasury Chief Says US Reviewing Iran’s Aircraft Licenses

U.S. Treasury Secretary Steven Mnuchin said on Wednesday that his department is reviewing licenses for Boeing Co and Airbus to sell aircraft to Iran, telling lawmakers he will increase sanctions …

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Treasury Chief to Congress: Raise Debt Limit Before August

Treasury Secretary Steven Mnuchin told lawmakers on Wednesday that they should vote to increase the government’s borrowing authority — and avert a disastrous economic default — before their August recess. …

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Moody’s Cuts China Credit Rating One Notch

Moody’s Investors Service downgraded China’s credit rating Wednesday – from Aa3 (Double A-3) to A1 – saying it expects China’s economy to erode in coming years as growth slows and …

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New Deadline for Greece Set After Another Stalemate

Hopes for a breakthrough in negotiations for cash-strapped Greece were dashed again and another deadline was set. Greece once again failed to get approval from its European creditors to receive …

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Proposed Trump Budget Spares Old-age Programs, Slashes Other Items

President Donald Trump is proposing to balance the federal budget within 10 years by slashing many social programs, including some that help the poor pay for food and medical care, …

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Gambia’s Exiled President Accused of Massive Public Theft

Gambia’s government used a court order Monday to seize assets belonging to exiled former President Yahya Jammeh. They include nearly 90 bank accounts and 14 companies linked to Jammeh. Justice …

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