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 Southern Airlines Launches First Flight to Mexico

China Southern Airlines has flown its inaugural Guangzhou to Mexico City flight, via Vancouver, the first route operated by a domestic Chinese carrier to the Latin American nation, the Mexican …

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Chicago, United Lambasted Over Man Dragged Off Plane

Several minutes after a passenger recorded a video watched around the world that showed security officers dragging another passenger off an overbooked United Express flight at Chicago’s O’Hare International Airport, …

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Trump Jobs Demands Force Automakers into Political Conflict

President Donald Trump’s relentless push for more manufacturing jobs has forced the auto industry into a delicate dance of contradictions in order to keep him happy, tell the truth, and …

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As Inequality Grows, Brazilians Irked by Tax to Ousted Royal Heirs

With its colonial mansions, landscaped gardens and ornate fountains, the town of Petropolis, a traditional haunt of Brazil’s last monarch Dom Pedro II, retains a grandeur that has not faded …

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Facing Fuel Shortage in Cuba, Havana Diplomats Roll Up Sleeves

When they are not tending to international affairs, diplomats based in Havana can be found these days stewing in interminable queues at gas stations and concocting ways to increase the …

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New Report Gives US Airlines Better Grades Across Board

The airlines are getting better at sticking to their schedules and are losing fewer bags. Their customers seem to be complaining less often. Those are the findings of an annual …

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India Extends $4.5 Billion Line of Credit to Bangladesh

India and Bangladesh signed a slew of agreements on Saturday, including a $4.5 billion concessionary line of credit from India for development projects in Bangladesh, as the South Asian neighbors …

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India Gives $4.5B Credit Line to Bangladesh, Signs Defense Pact

India and Bangladesh signaled deepening ties Saturday as New Delhi committed a $4.5 billion line of credit to Dhaka for development projects, and the two countries signed their first-ever pact …

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US Rail Industry Focused on US-China Trade Relationship

March was a disappointing month for job seekers, with the U.S. Labor Department reporting that the private sector added only 98,000 jobs last month. But one industry is looking beyond …

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Greece’s Dark Age: How Austerity Turned Off the Lights

Kostas Argyros’s unpaid electricity bills are piling up, among a mountain of debt owed to Greece’s biggest power utility. His family owe 850 euros to the Public Power Corporation (PPC), …

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Chile’s Wine Industry Sees Little Impact From Fires, Heatwave

A torrid summer and devastating fires across central Chile’s wine belt have forced an earlier harvest this year, but there are no signs that volume or flavor will be affected, …

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Balkans Skeptical of EU Plan for a Market

Serbian President-elect Aleksandar Vucic likes to use the past to explain the future. In 1947, as Josip Broz Tito was consolidating Yugoslavia, he built a railway through Bosnia that linked …

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Trump Picks Hassett for Key Economics Adviser Post

President Donald Trump on Friday chose Kevin Hassett, an economics adviser to past Republican presidential candidates, to be chair of the White House Council of Economic Advisers. Hassett will play …

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US Unemployment Rate Falls, But Economy Gains Just 98k Jobs

The U.S. economy had a net gain of 98,000 jobs in March, which is much weaker job growth than most economists expected. Payroll growth was slowed by stormy weather in …

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Ross: Trump Backs EXIM Bank to Boost US Exports

U.S. Commerce Secretary Wilbur Ross held out hope Thursday that the Trump administration will revive the U.S. Export-Import bank’s full lending powers, saying the institution is part of its “trade …

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Trump Hosts Foreign Dignitaries at His Own Private Resort

When the U.S. president hosts a foreign leader at his home, it can be seen as a sign of hospitality, an indicator of warm relations, and a chance to put …

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Conservative Groups’ Study Slams Proposed Border Tax

Conservative activist groups that generally support Republicans but oppose a pro-export, anti-import Republican tax proposal released a study on Thursday estimating its impact on individual U.S. states, underscoring the party’s …

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