Prices for Russian credit default swaps — insurance contracts that protect an investor against a default — plunged sharply overnight after Moscow used its precious foreign currency reserves to make…
more ...Nepal Second South Asian Country to Grapple with Economic Woes
Nepal has banned imports of cars, alcohol and other luxury goods to conserve foreign exchange reserves as spiraling prices of fuel and food imports stemming from the war in Ukraine…
more ...Foreign Businesses Consider Leaving China Amid Lockdowns
Chris Mei has been stuck in his Shanghai flat for a month save for PCR testing and occasional volunteer work delivering food to neighbors. That will change in a couple…
more ...Tech Stocks Sink Again; Nasdaq Has Worst Month Since 2008
The Dow Jones Industrial Average slumped more than 900 points Friday as another sharp sell-off led by technology added to Wall Street’s losses in April, leaving the S&P 500 with…
more ...Amazon Stock Falls After Company Reports First Quarterly Loss in 7 Years
Amazon share prices fell 11% Friday after the massive online retailer posted its first quarterly loss in seven years. Amazon lost $3.84 billion during the first quarter of this year…
more ...Zelenskyy’s Invite to G20 Not Enough for Biden
Indonesian President Joko Widodo, who holds this year’s Group of 20 (G-20) presidency, announced Friday that he has invited Ukrainian President Volodymyr Zelenskyy to the economic forum’s November summit in…
more ...Russia Makes Last-Gasp Dollar Bond Payments in Bid to Avoid Default
Russia made what appeared to be a late u-turn to avoid a default on Friday, as it made a number of already-overdue international debt payments in dollars despite previously vowing…
more ...Google Adds Ways to Keep Personal Info Private in Searches
Google has expanded options for keeping personal information private from online searches. The company said Friday it will let people request that more types of content such as personal contact…
more ...New Kenyan Fish Marketing App Aims to Reduce Sexual Exploitation of Women Fishmongers
An application developed in Kenya to improve the marketing of fish caught in Lake Victoria is helping women fishmongers fend off sex-for-fish exploitation by fishermen. The Aquarech app allows traders…
more ...Iftar Is More Expensive Everywhere This Year. Here’s Why.
However Muslims break their fast this Ramadan, they’re probably paying more for it than last year. Some of the reasons are the same everywhere. Shockwaves from the war in Ukraine,…
more ...US Economy Shrinks 1.4% in Last Three Months
The U.S. economy unexpectedly shrank 1.4% in the first three months of 2022 compared to a year ago, the government reported Thursday, raising fears that the world’s largest economy could…
more ...Musk’s Twitter Ambitions Likely to Collide with Europe’s Tech Rules
A hands-off approach to moderating content at Elon Musk’s Twitter could clash with ambitious new laws in Europe meant to protect users from disinformation, hate speech and other harmful material. …
more ...Elon Musk Quest to Scrap Deal Over 2018 Tweets is Rejected
Elon Musk’s request to scrap a settlement with securities regulators over 2018 tweets claiming he had the funding to take Tesla private was denied by a federal judge in New…
more ...Tesla Value Falls $126 Billion Amid Musk Twitter Deal Funding Concerns
Tesla lost $126 billion in value on Tuesday amid investor concerns that Chief Executive Elon Musk may have to sell shares to fund his $21 billion equity contribution to his…
more ...US Laboratory Innovating Electronic Vehicle Technology
Many of the technological advances in lithium ion batteries that now power many electric vehicles began in a laboratory just outside Chicago’s city limits decades ago. VOA’s Kane Farabaugh reports…
more ...Robotics Company Makes Sensor-Packed Filmmaking Equipment
Sensor-packed robots are changing how movies and commercials are made. Deana Mitchell has the story. …
more ...Zimbabwe Loaf of Bread Now Costs $2, a 100% Increase Since Russia Invaded Ukraine
One of the citizens feeling the pinch of rising prices in Zimbabwe is Christine Kayumba. She says she can’t afford to buy bread for her four dependents on her salary…
more ...More Free Speech or More Misinformation? Reactions Mixed to Twitter Sale
Tesla CEO Elon Musk’s $44 billion deal to buy Twitter Monday met mixed reactions as observers speculated how digital speech on the service might change under his leadership. Musk, a…
more ...Twitter CEO Says Company Direction Uncertain After Musk Deal
Twitter CEO Parag Agrawal told employees Monday that he is uncertain of the direction the company will go after Tesla CEO Elon Musk takes over. Musk reached an agreement…
more ...Twitter’s Board Negotiates with Elon Musk Over Bid to Buy Platform
The board of Twitter is negotiating with Tesla CEO Elon Musk over his bid to buy the social media giant. Media reports Monday said the two sides are close to…
more ...Workers Make Gains as ‘Great Resignation’ Tightens Labor Markets
When the coronavirus pandemic hit New Orleans in March 2020, Jeremy Fogg, an executive pastry chef at a popular local restaurant, suddenly found himself without a job. Fogg was far…
more ...Ukraine War Adds to Supply Strain in Global Auto Industry
A global shortage of microchips is only a part of the difficulty roiling the global automotive industry. As more drivers return to work as pandemic restrictions ease — increasing demand…
more ...Elon Musk Appears to Have Secured Financing for Twitter Tender Offer
According to papers filed with U.S. securities regulators, billionaire Elon Musk appears ready to continue his bid to take over Twitter, this time via a tender offer that would bypass…
more ...Tourists Return to Kashmir as COVID Wanes
Tourist operators in the Indian-administered Kashmir Valley are celebrating a return of visitors after several lean years prompted by COVID-19 and — before that — unrest over India’s revocation of…
more ...Elon Musk’s Tesla Races Ahead of Rising Costs With Price Hikes
Tesla, Inc. results surged past Wall Street expectations Wednesday, as higher prices helped insulate the electric vehicle maker from supply chain chaos and rising costs. The results also should trigger…
more ...US, Canada, UK Walk Out of G-20 Meeting Over Russia’s Participation
Senior leaders of the United States, Canada and the United Kingdom walked out of a meeting of the Group of 20 major economies on Wednesday in protest of the G-20’s…
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