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more ...Home Price Key Reason Some Voters Frustrated by US Economy
WASHINGTON — Lori Shelton can’t fathom ever having the money to buy a home — and that’s a major reason why so many voters feel down on the economy ahead of…
more ...Observers: US Investments in Philippines Seen Easing Reliance on China
Taipei, Taiwan — During a trade mission visit to Manila this week, U.S. Commerce Secretary Gina Raimondo announced plans to invest more than $1 billion in the Philippines’ tech sector and…
more ...US Inflation Rises in February in Sign Price Pressures Remain Elevated
WASHINGTON — Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s reelection campaign,…
more ...Chinese Officials Acknowledge Economic Challenges
BEIJING — China needs to do more to boost employment and stabilize its property market, top officials acknowledged Saturday, as policymakers struggle to revive the country’s battered economy. Beijing is grappling…
more ...Facing Chinese EV Rivals, Europe’s Automakers Squeeze Suppliers on Costs
London — Europe’s automakers and their already-stretched suppliers face a tough year as they race to cut costs for electric models to counter leaner Chinese rivals which are bringing cheaper vehicles…
more ...Dior Postpones Hong Kong Fashion Show ‘Indefinitely’
HONG KONG — Dior has postponed a fashion show set to be held in Hong Kong next month, a city official confirmed Saturday, dealing a blow to the financial hub’s ambitions…
more ...US Should Block Chinese Auto Imports From Mexico, US Makers Say
WASHINGTON — The U.S. government should block the import of low-cost Chinese autos and parts from Mexico, a U.S. manufacturing advocacy group said Friday, warning they could threaten the viability of…
more ...Ukraine’s War-Battered Economy Shows Signs of Recovery
Ukraine’s economy shrank 29% in 2022, the year Russia launched its full-scale invasion. In addition, Ukrainian businesses were destroyed, exports were halted and millions of people were displaced. But in…
more ...Nigeria Grapples with Soaring Inflation, Plummeting Currency
ABUJA, Nigeria — Nigerians are facing one of the West African nation’s worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency…
more ...Foreign Minister Says Cutting China Out of Trade Would Be Historic Mistake
MUNICH — China’s foreign minister told a gathering of international security policy officials Saturday that trying to shut China out of trade in the name of avoiding dependency would be a…
more ...Algeria’s Black Market for Foreign Currency Underlines Its Economic Woes
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 …
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