Motorists in Pyongyang are scrambling to fill their tanks as gas stations begin limiting services or closing amid concerns of a spreading shortage. A sign outside one station in …
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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
Colas, Cigarettes: N. Korea Airline Diversifies as Threats of Sanctions Mount
Even after disembarking from North Korea’s Air Koryo plane at Pyongyang airport, it’s difficult to miss the airline’s brand. The Air Koryo conglomerate makes cigarettes and fizzy drinks, besides owning …
your ads here!Trump Orders Wide Review of Financial System Regulations
U.S. President Donald Trump has ordered a full review of the powers given to government regulators to oversee the banking and finance industries following the financial meltdown of 2008. Trump …
your ads here!Greece Blows Away EU-IMF Bailout Targets With Strong Budget Performance
Greece far exceeded its international lenders’ budget demands last year, official data showed on Friday, posting its first overall budget surplus in 21 years even when debt repayments are included. …
your ads here!Canadian PM Responds to Trump’s Criticism of Dairy Industry
Canadian Prime Minister Justin Trudeau said Friday that he plans to be respectful and engage the United States with a fact-based approach to solving problems a day after Donald Trump …
your ads here!US Will Not Issue Drilling Waivers to Russia Sanctions
The U.S. government says it will not waive trade sanctions for U.S. companies seeking to drill for oil in Russia, including for U.S. oil giant ExxonMobil. Treasury Secretary Steven Mnuchin …
your ads here!World Bank: Remittance Flows Slow
The global flow of remittances declined in 2016 for the second year in a row, potentially reducing access to health care, education and food for millions of families in developing …
your ads here!World Bank: Automation Could Wipe Out Two-Thirds of Jobs in Developing Countries
As economic and political leaders gather in Washington for the annual spring meetings of the World bank and International Monetary Fund — new warnings Thursday about the impact of rapid …
your ads here!US Reviewing Venezuela’s Seizure of GM Assets
U.S. officials are reviewing Venezuela’s seizure of General Motors’ assets in the country, U.S. State Department spokesman Mark Toner said Thursday. “We are reviewing the details of the case,” Toner …
your ads here!Trump Orders National Security Probe of Steel Imports
President Donald Trump has ordered an investigation into whether foreign steel imports are damaging U.S. national security, saying his administration would “fight for American workers and American-made steel.” The probe …
your ads here!Former Brazil Minister Palocci Offers Details of Bribery Scheme
Former Brazilian Finance Minister Antonio Palocci told a court hearing Thursday that he could provide details of a political kickback scheme, which could threaten former President Luiz Inacio Lula da …
your ads here!Argentina Hopes for Agreement on EU-Mercosur Trade Deal in 2017
Argentina hopes to have an agreement on a free-trade deal between the European Union and the South American Mercosur bloc by year’s end, its foreign minister said Thursday. The European …
your ads here!GM: Venezuela Illegally Seizes Factory
General Motors said Wednesday that Venezuelan authorities had illegally seized its plant in the industrial hub of Valencia and vowed to “take all legal actions” to defend its rights. The …
your ads here!Princess Cruises Fined $40 Million for Water Pollution
A federal judge in Miami fined Princess Cruise Lines $40 million Wednesday for illegally dumping oil waste into the Atlantic Ocean and Gulf of Mexico, and for falsifying records. It …
your ads here!Finance Minister: Peru Economy to Recover in 2018, 2019 After Flood Damage
Peru’s economy will recover in coming years with investment in construction after recent flooding, likely growing 4.5 percent in 2018 and 5 percent in 2019, Finance Minister Alfredo Thorne said …
your ads here!Sleepy Pakistani Village Rises as China’s Gateway to Middle East
Over the last six months, the skyline over the sleepy fishing city of Gwadar has been transformed by machines that dredge the Arabian Sea and cranes that set up shipping …
your ads here!Brazil Agrees to Lower Police Retirement Age After Violent Protest
The Brazilian government on Wednesday agreed to lower the minimum retirement age for police officers in its pension reform proposal, a day after members of their unions stormed Congress to …
your ads here!IMF Urges Caution as Washington Eyes Slashing Regulations, Taxes
The International Monetary Fund said President Trump’s plans to cut regulations and taxes might encourage companies to make risky investments of the kind that preceded the financial crisis in 2008. …
your ads here!Emirates Cuts Flights to US as Passenger Demand Wanes
Emirates Airline, the world’s biggest international air carrier by traffic, said Wednesday it is cutting flights to five U.S. cities because of a drop in demand since President Donald Trump …
your ads here!Nigeria Suspends Intel Chief over $43 Million Cash Stash
Nigeria’s president on Wednesday suspended the country’s intelligence chief over the recent discovery of $43 million in cash in a Lagos apartment. President Muhammadu Buhari has ordered an investigation into …
your ads here!China Seeks Foreign Help in Risky Work Finding Oil in Disputed Sea
Beijing is looking for foreign contractors to help find oil and gas under the South China Sea but expects to meet resistance because other governments contest its claims and any …
your ads here!Trump Executive Order Makes It Harder to Hire Foreign Workers
U.S. President Donald Trump on Tuesday signed an executive order aimed at making it harder for companies to hire temporary foreign workers. The order, called “Buy American — Hire American,” …
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