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

EU Accepts Amazon’s e-book Commitments

The European Union’s competition watchdog says it accepts commitments made by online giant Amazon to change part of its e-book contracts to avoid fines for anti-competitive behavior.   Amazon has …

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Eurozone Economy Growing at ‘Fastest Rate in 6 Years’

A closely watched survey indicates that economic growth across the 19-country eurozone struck a 6-year high in April. Financial information company IHS Markit says Thursday that its purchasing managers’ composite …

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VA Official Looks to Close About 1,100 VA Buildings

Veterans Affairs Secretary David Shulkin says his department is seeking to close perhaps more than 1,100 VA facilities nationwide as it develops plans to allow more veterans to receive medical …

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Urban League Report Notes Gains by Blacks, Hispanics in US

African-Americans and Hispanics, the largest racial and ethnic minorities in the United States, made positive strides economically and educationally during the past year but continue to lag behind whites, a …

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You Are Welcome Here, US Colleges Assure Overseas Students

On a trip to India, the president of Portland State University reassured prospective students they’d be safe on his campus. Purdue University sent overseas applicants a note from two mayors …

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Royal Caribbean Cruises Returning to New Orleans

Royal Caribbean International has announced it will resume weeklong cruises from New Orleans to the Bahamas and Mexico’s Yucatan Peninsula. News outlets report Royal Caribbean said in a news release …

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Apple Posts Surprise Dip in iPhone Sales, Shares Fall

Apple Inc. reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of …

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Congress Warns US Airlines to Improve Customer Service

U.S. lawmakers have put the nation’s airlines on notice: Improve customer service or we will make you. The House Transportation and Infrastructure Committee held a hearing for top airline executives …

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Greece Reaches Deal with Eurozone Lenders for More Bailout Funds

Greece reached a deal with its European lenders Tuesday for more reforms in exchange for a badly needed bailout installment so Athens could avoid possible bankruptcy. After months of often …

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Trump Nominee for China Envoy Pledges to Tackle Steel Trade

President Donald Trump’s nominee to be the U.S. ambassador to China said on Tuesday he would do everything possible to address what he called China’s “unfair and illegal” sales of …

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As Oil Prices Dip, African Countries Spend Less on Military

African military expenditures have finally slowed down after more than a decade of steady increases, according to a new report on global defense spending. The main reason, the report found, …

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Indian IT Company to Add 10,000 US Jobs

India-based technology company Infosys said Tuesday it will create 10,000 jobs in the United States, growing its American footprint at a time when it has become a political target in …

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GOP Targets Law Enacted After 2008 Financial Meltdown

Republicans who eagerly awaited a GOP president so they could take a heavy knife to many of the regulatory requirements for banks, insurers and other financial institutions finally get their …

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Fed Set to Leave Interest Rates Unchanged

The U.S. Federal Reserve is expected to hold interest rates steady at its meeting this week as it pauses to parse more economic data but may hint it is on …

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With Visas Tight, US Resorts Struggle to Find Seasonal Help

Innkeepers, restaurateurs and landscapers around the U.S. say they’re struggling to find seasonal help and turning down business in some cases because the government tightened up on visas for temporary …

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New Oyster War: Rich Homeowners vs. Working-class Watermen

Oystermen, pirates and police clashed violently more than a century ago over who could collect the Chesapeake Bay’s tasty and lucrative oysters. As the shellfish makes a comeback, a modern-day …

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On May Day, Sub-Saharan Workers Still Struggle

Kenyan President Uhuru Kenyatta spoke at the annual May Day celebrations Monday in Nairobi, a day when many countries celebrate workers. But in sub-Saharan Africa, about three-fourths of those laborers …

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Fed Likely to Leave Rates Alone but Signals More Hikes Coming

With the U.S. economy on solid footing and unemployment at a near-decade low, the Federal Reserve remains in the midst of a campaign to gradually raise interest rates from ultra-lows. …

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UN Economic Commission Sees Trade Protectionism as Threat to Growth

A United Nations economic and social report released Monday warns Asia’s positive economic outlook “faces significant risk” from rising trade protectionism, especially concerns over U.S. trade policy with key partners …

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Shrinking Worm Harvest Upsets Sports Fishing Business

A mysterious decline in two of the most popular fishing worms is depriving fishermen of their favorite bait and threatening the livelihood of Maine’s so-called “wormers.” VOA’s Faith Lapidus reports. …

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Refugees Turn Skills From Home into New Business

Once they acclimate to their new environment, overcoming language, social and cultural barriers, refugees in the U.S. often thrive. Some translate their experiences into assets that are valuable to their …

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Growth Slows in April in China’s Manufacturing Sector

Growth in China’s manufacturing sector slowed in April, official data showed Sunday, pointing to an unsteady recovery in the world’s second-largest economy.    The monthly purchasing managers’ index by the …

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