In his new budget, U.S. President Joe Biden has proposed a 20 percent minimum tax on households with a net worth of more than $100 million. The proposal highlights the…
more ...DRC Joins EAC Regional Bloc to Facilitate Trade
The Democratic Republic of Congo this week became the seventh country to join the East African Community. The regional trade bloc, which includes Burundi, Kenya, Rwanda, South Sudan, Tanzania, and…
more ...Key Inflation Gauge Sets 40-year High as Gas and Food Soar in US
An inflation gauge closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans’…
more ...Russia’s Ruble Rebound Raises Questions of Sanctions’ Impact
The ruble is no longer rubble. The Russian ruble by Wednesday had bounced back from the fall it took after the U.S. and European allies moved to bury the Russian…
more ...Kenya Gets Huawei-Linked Chinese Communications Cable
China has connected a high-speed, multimillion-dollar, 15,000-kilometer undersea cable to Kenya, as Beijing advances what’s been dubbed its “digital silk road,” and Africa seeks the infrastructure it badly needs for…
more ...The Global Economic Impact of Russia’s Invasion of Ukraine
Russia’s military invasion of Ukraine has not only created one of the world’s most tragic humanitarian crises but resulted in economic devastation that will reverberate far beyond Ukraine’s borders. …
more ...Mumbai to Rebuild Century-Old Tenements: Boon or Bane?
For Mumbai resident Shailesh Kambli a childhood dream is about to translate into reality. The 40-year-old is the third generation of his family living in a cramped, 15-square meter room…
more ...Fighting Food Waste: Technology Tells Restaurants What They Are Throwing Away
Up to 40% of food in the U.S. is discarded. But as VOA’s Julie Taboh reports, a company in the Netherlands has come up with technology that can help reduce…
more ...Research Claims Widespread Fraud in Australia’s Official Carbon Abatement Scheme
Australia’s 11-year-old carbon credit scheme aims to reward farmers, landholders and other businesses to store carbon in trees, the soil or to use different methods to cut emissions. For every…
more ...For a California Cafe, a New Lease Is Hope After Two Bad Years
Last month, not quite two years after the COVID-19 pandemic sent the U.S. and world economies into their steepest downturn in decades, Chris and Amy Hillyard renewed the lease on…
more ...New World Order? Pandemic and War Rattle Globalization
Globalization, which has both fans and detractors alike, is being tested like never before after the one-two punch of COVID and war. The pandemic had already raised questions about the…
more ...Biden Budget to Trim $1 Trillion from Deficits Over Next Decade
President Joe Biden intends to propose a spending plan for the 2023 budget year that would cut projected deficits by more than $1 trillion over the next decade, according to…
more ...US Aid Will Help Europe Replace Russian LNG but Not Pipeline Gas
The announcement Friday that the United States will help Europe find alternative sources for the 15 billion cubic meters of liquefied natural gas (LNG) that it imports from Russia every…
more ...EU Negotiators Agree on Landmark Law to Curb Big Tech
Negotiators from the European Parliament and EU member states agreed Thursday on a landmark law to curb the market dominance of U.S. big tech giants such as Google, Meta, Amazon…
more ...Russian Agents Charged With Targeting US Nuclear Plant, Saudi Oil Refinery
U.S. and British officials on Thursday accused the Russian government of running a yearslong campaign to hack into critical infrastructure, including an American nuclear plant and a Saudi oil refinery.…
more ...War in Ukraine Dims Prospects for Global Growth This Year
U.N. economists warn prospects for global growth this year are rapidly fading as the adverse impact of the war in Ukraine kicks in. The U.N. Conference on Trade and Development,…
more ...American Weekly Jobless Claims at Lowest Level since 1969
The number of Americans applying for unemployment benefits last week fell to its lowest level in 52 years as the U.S. job market continues to show strength in the midst…
more ...Seattle-Based Teenager Designed Relocation Website for Ukrainian Refugees
Seattle-based teenager Avi Schiffmann is doing what he can to help Ukrainian refugees. He has launched a website that helps refugees find safe places to stay, matching refugees with people willing to…
more ...Sanctions Halt Millions of Dollars in Kenyan Trade to Russia
Kenya’s tea and flower exporters say global sanctions to punish Russia for invading Ukraine have halted millions of dollars of Kenyan trade with Russian importers. While they hope for peace,…
more ...Ukraine War Pushing Food Prices Even Higher
The world is feeling the effects of the war in Ukraine from the gas pump all the way to the dinner table. Food prices are climbing just about everywhere, raising…
more ...The Impact of the Russian Invasion on Food Prices Around the World
What Russia’s war in Ukraine means for food prices around the world …
more ...Hackers Hit Authentication Firm Okta; Customers ‘May Have Been Impacted’
Okta whose authentication services are used by companies including Fedex and Moody’s to provide access to their networks, said on Tuesday that it had been hit by hackers and that…
more ...New Corporate Climate Change Disclosures Proposed by SEC
Companies would be required to disclose the greenhouse gas emissions they produce and how climate risk affects their business under new rules proposed Monday by the Securities and Exchange Commission…
more ...Amid Western Sanctions, India Explores Rupee-Ruble Mechanism for Trade with Russia
India is considering establishing a payment mechanism in local currencies to allow it to continue trade with Russia, which has been hit with Western sanctions in response to its invasion…
more ...Microsoft Faces Anti-Competition Complaint in Europe
Three companies have lodged a complaint with the European Commission against Microsoft, accusing the U.S. technology giant of anti-competitive practices in its cloud services, sources told AFP on Saturday, confirming…
more ...Small Businesses in Nigeria Face Downtime Amid Fuel, Electricity Shortages
Weeks of scarce fuel coupled with a failing national electricity grid are hurting countless small businesses across Nigeria. Some businesses have temporarily shut down, while others reduced hours to cope…
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