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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…
more ...China’s Charm Offensive in Davos to Woo Investors Falls Short, Analysts Say
WASHINGTON — China brought a large delegation to this year’s World Economic Forum in Davos to try to convince the world that the globe’s second-largest economy is still open for business…
more ...Rights Groups Call for Review of Shell’s Operations in Nigeria Amid Exit Plans
Abuja, Nigeria — Human rights group Amnesty International and other advocacy groups raised concerns Tuesday over British oil giant Shell’s sale of its onshore businesses in Nigeria. Shell announced Tuesday it…
more ...Economy, Immigration Weigh on US Voters in Presidential Election Year
The health of the economy often plays a big role in how Americans vote in general elections, including for the next president. This year, there are early signs that other…
more ...In India, Young Graduates Struggle to Land Good Jobs
Although India’s economy is growing at a fast rate, it is still not creating enough employment for its massive young population. The government is wooing global manufacturers to generate more…
more ...Oxfam Report: Growing Inequality Could See World’s First Trillionaire
The world is on course to see its first trillionaire by the end of the decade, according to a report by Oxfam. The charity is warning of a big increase…
more ...IMF Chief Says AI Holds Risks, ‘Tremendous Opportunity’ for Global Economy
Washington — Artificial intelligence poses risks to job security around the world but also offers a “tremendous opportunity” to boost flagging productivity levels and fuel global growth, the IMF chief told…
more ...German Economy Shrank in 2023 on Energy, Export Woes
Frankfurt — The German economy shrank slightly in 2023, official data showed Monday, as costly energy, high interest rates and cooling foreign demand took their toll on Europe’s export giant. Output…
more ...China, Russia Trade Soared In 2023 As Commerce with US Sank
BEIJING — Trade between China and Russia hit a record high in 2023, official data from Beijing showed on Friday, as commerce with the United States fell for the first time…
more ...Dozens of Leaders to Gather in Davos for Annual World Economic Forum
London — More than 60 world leaders will join hundreds of business executives and campaigners at the Swiss ski resort of Davos Monday for the five-day annual meeting of the World…
more ...WEF Davos Summit: Disinformation ‘Biggest Global Risk’ in 2024
More than 60 world leaders will join hundreds of business executives and campaigners at the Swiss ski resort of Davos for the five-day annual meeting of the World Economic Forum,…
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