U.S. President Joe Biden on Monday reappointed Jerome Powell to a second term as chair of the country’s central bank, the Federal Reserve, saying that Powell has played a pivotal…
more ...Kenyan Ride-Hailing Platform Set to Add Electric Bicycles
A Kenyan ride-hailing company has introduced electric bicycle rentals for the first time in the capital, where air pollution and motor vehicle traffic are problems. Lenny Ruvaga reports from Nairobi.…
more ...Robot Waiter Eases Labor Shortages in Australia’s Hospitality Industry
A Sydney restaurant is using a Chinese-made, multi-lingual hospitality robot to address chronic staff shortages as Australia’s economy begins to recover from COVID-19 lockdowns and border closures. The robot waiter is programmed…
more ...Australian Mining Magnate to Help Publishers Strike Content Deal With Google, Facebook
Australian mining billionaire Andrew Forrest’s philanthropic organization will help 18 small news publishers in the country to negotiate collectively with Google and Facebook to secure licensing deals for the supply…
more ...Trucker Shortage Fuels Enrollment Surge at California School
On a recent afternoon, Tina Singh watched nearly a dozen students at a suburban Los Angeles truck-driving school backing up their practice vehicles into parking spaces. Many had never operated…
more ...Budget ‘Score’ Gave Moderate Democrats the Cover Needed to Pass Biden’s Signature Bill
President Joe Biden’s signature Build Back Better package of climate and social spending passed the House of Representatives on Friday morning, 220-213, less than 24 hours after the Congressional Budget…
more ...World Central Banks Under Fire as Cost of Living Surges
For weeks, governments and policymakers across the world have been suggesting the recent spikes in consumer and energy prices are transitory and rising inflation will ease, once pandemic-related chain-supply disruptions…
more ...Tracking Tech Turns Theft Victims into Sleuths
Frustrated with slow or no action, some Americans are using Bluetooth trackers to retrieve stolen items themselves. It’s a risky strategy that isn’t endorsed by police and could put users…
more ...NASA’s Mars Helicopter Ingenuity Still in Action
As researchers at U.S space agency NASA’s Jet Propulsion Laboratory prepare for the 16th flight of Ingenuity, the Mars helicopter, the team has used recently downloaded data from the Mars…
more ...A More Connected Global Economy Is a Double-Edged Sword, Says WTO
In its annual report on the status of global trade, the World Trade Organization finds that the increasing interconnectedness of the world’s economies is a double-edged sword. While this globalization…
more ...Bonds, Stocks, Economy: How China’s Property Woes Are Spilling Overseas
Marco Metzler of Switzerland gets 2,000 new followers a day on LinkedIn, all watching to see what will happen to his money. Metzler invested $50,000 last month in the offshore bonds of…
more ...For Millions in Brazil, Rising Poverty and Fuel Prices Mean a Return to the Past
María Ribeiro da Silva, 64, spent a hot afternoon hawking a new contraption to acquaintances and friends who passed by her small grocery store on the outskirts of São Paulo,…
more ...Biden Promotes Sale of Electric Vehicles
U.S. President Joe Biden is headed Wednesday to the country’s auto-manufacturing hub in Detroit, Michigan, to promote the sale of all-electric vehicles in the future even as motorists are facing…
more ...COVID-19 Surge, Inflation Fears Overshadow Europe’s Economic Rebound
The World Health Organization says Europe is once again the epicenter of the pandemic. As Henry Ridgwell reports, the latest wave of infections is casting a shadow over recent signs…
more ...Yellen Extends Date for Potential Debt Default to December 15
Treasury Secretary Janet Yellen told Congress Tuesday that she believed she would run out of maneuvering room to avoid the nation’s first-ever default soon after December 15. In a letter…
more ...US Congress Restarts Push for China Legislation by Year’s End
Lawmakers on Capitol Hill are renewing a push to pass legislation that would boost U.S. competition with China, amid rising concerns about the global supply chain. Senate Majority Leader Chuck…
more ...US Retail Sales Surged in October
U.S. retail sales surged in October, the Commerce Department reported Tuesday, in a signal that at least at the start of the annual holiday shopping season, consumers were not scared…
more ...Inflation Worries Endanger Biden’s Build Back Better Agenda
Rising inflation in the U.S. may be putting the brakes on Democrats’ effort to push President Joe Biden’s signature package of climate and social spending measures through Congress before the…
more ...Chinese Demand for Coal Surges, But Australia Remains Frozen Out
China’s output of coal increased to its highest level since at least March 2015 after authorities gave permission for mine expansions to boost supply and ease record prices. Chinese coal…
more ...Concerns About Rising Consumer Prices Add Pressure to Biden’s Economic Agenda
Prices have gone up for a number of consumer products in the United States. President Joe Biden, whose poll numbers are slipping over concerns about how he is handling the economy, is pushing for the…
more ...Biden to Sign $1 Trillion Infrastructure Bill
U.S. President Joe Biden is hosting a ceremony Monday at the White House where he will sign a bipartisan $1 trillion infrastructure bill that earned final passage in Congress after months of negotiations. The…
more ...White House Acknowledges Inflation Impact on US Consumers
The top White House economic adviser on Sunday acknowledged the pain for Americans of sharply rising consumer prices, saying that President Joe Biden remains open to the possibility of tapping…
more ...Black Homebuyers Underrepresented in US Real Estate Boom
The Covid-19 pandemic has changed the nature of homebuying in the United States, but one constant is that Black Americans do not have the same access to a home of…
more ...Experts Caution Australia on Linking China, Taiwan Trade Pact to Other Issues
Although Australia seems likely to back Taiwan’s, rather than China’s bid, to join a major pan-Pacific trade bloc, Canberra must focus solely on their qualifications rather than link its decision…
more ...Inflation Spike May Sway Biden’s Choice for Next Federal Reserve Chair
President Joe Biden and his advisers appear to be nearing a decision on whether to reappoint Federal Reserve Board Chair Jerome Powell when his term ends in February. But public…
more ...Climate Change Rocks Agricultural Commodity Market
Agricultural commodities such as coffee, cotton and wheat faced sharp price swings this year as output was hit by extreme weather sparked partly by climate change. According to analysts, volatile…
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