ALGIERS, Algeria — In a square near the center of Algiers, currency traders carry wads of euros, pounds and dollars, hoping to exchange them to those worried about the plummeting value…
more ...Japan Unexpectedly Slips into Recession
TOKYO — Japan unexpectedly slipped into a recession at the end of last year, losing its title as the world’s third-biggest economy to Germany and raising doubts about when the central…
more ...Zimbabwe Will Attempt to Establish Gold-Backed Currency
Harare, Zimbabwe — Zimbabwe’s government said Monday it is introducing a gold-backed currency to replace the country’s nearly worthless dollar, which most businesses have shunned, preferring the U.S. dollar or South…
more ...US Inflation Slows as Price Pressures Ease Gradually
WASHINGTON — Annual inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is gradually and fitfully coming under control. Tuesday’s…
more ...Consumers Have Fewer Choices as Brands Prune Their Offerings
NEW YORK — How much choice is too much? Apparently for Coca-Cola, it’s about 400 different types of drinks. That’s why the beverage company recently decided to discontinue half of them,…
more ...Yellen to Visit Pittsburgh, Detroit to Tout Biden’s Economic Wins
WASHINGTON — U.S. Treasury Secretary Janet Yellen will travel to the battleground states of Pennsylvania and Michigan this week as part of an election-year push aimed at showcasing what she calls…
more ...IMF Chief: Mideast Growth to Slow in 2024 on Oil Cuts, Gaza
Dubai, United Arab Emirates — The International Monetary Fund said on Sunday Middle East economies were lagging below growth projections due to oil production cuts and the Israel-Gaza conflict, even as…
more ...Cuba Charges 30 Over Massive Chicken Heist
HAVANA — Cuba has charged 30 people with stealing 133 tons of chicken and selling them on the street in a rare major heist at a time of food shortages in…
more ...Kenyan Farmers Embrace Chinese-Engineered Grass for Fodder
Having enough feed for livestock is critical to the food security of many African countries. Some farmers are considering adopting a Chinese-engineered grass called Juncao, advertised as high-yielding and fast-maturing.…
more ...Will Immigrants Save US Economy as Baby Boomers Retire in Droves?
About 10,000 people born between 1946 and 1964 leave the workforce each day …
more ...Iraq Bans 8 Local Banks From US Dollar Transactions
Baghdad, Iraq — Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency days…
more ...IMF Predicts China Economy Slowing Over Next Four Years
washington — The International Monetary Fund says China’s economic decline is likely to continue over the next four years as the world’s second largest economy deals with a range of challenges…
more ...US Employers Added Surprisingly Robust 353,000 Jobs In January
WASHINGTON — The nation’s employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economy’s continuing ability to shrug off…
more ...Report: Global Carmaker Supply Chains Exposed to Xinjiang Forced Labor
Taipei, Taiwan — A new report finds that some global carmakers are applying weaker human rights and responsible-sourcing standards to their joint ventures in China due to pressure from the Chinese…
more ...Kenyan Entrepreneur Makes Snacks from Indigenous Grains
Indigenous African grains such as millet and sorghum are known to be nutritious but are not popular with many, especially the Gen Zers who view the grains as food for…
more ...Red Sea Container Shipping Down 30% Over Attacks, IMF Says
Dubai, United Arab Emirates — Container shipping through the Red Sea has dropped by nearly one-third this year as attacks by Yemen’s Houthi rebels continue, the International Monetary Fund said Wednesday.…
more ...Remote Washington Town Becomes a Hub for EV Battery Production
The Biden administration’s push for clean energy solutions has turned a rural Washington state town into a hub for electric vehicle battery production. VOA’s Natasha Mozgovaya reports from Moses Lake.…
more ...EU Slowly Moves Toward Using Profits From Frozen Russian Assets to Help Ukraine
Brussels — European Union nations have decided to approve an outline deal that would keep in reserve the profits from hundreds of billions of dollars in Russian central bank assets that…
more ...French Farmers to Keep Protesting Despite Government’s Concessions Offer
PARIS — French farmers vowed Saturday to continue protesting, maintaining traffic barricades on some of the country’s major roads a day after the government announced a series of measures that they…
more ...Tanker Ship Reports Missile Fire in Red Sea Near Yemen
UNITED NATIONS — A commercial vessel operating in the Red Sea Friday reported that two missiles exploded in the water near its position as it sailed near Yemen, but caused no…
more ...US Economy Grew at Surprisingly Strong 3.3% Pace Last Quarter
WASHINGTON — The U.S. economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and…
more ...Tribes, Environmental Groups Ask US Court to Block $10B Energy Project in Arizona
ALBUQUERQUE, NEW MEXICO — A federal judge is being asked to issue a stop-work order on a $10 billion transmission line being built through a remote southeastern Arizona valley to carry…
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