…
more ...Global Unemployment Expected to Rise as Productivity Slumps, Social Inequality Grows: ILO
Geneva — The International Labor Organization warns global unemployment is set to rise this year, putting a brake on the gradual recovery of nations from the dire economic straits brought about…
more ...Taiwanese Farmers Adapt as Cross-Strait Tensions Grow
Taipei, Taiwan — For 61-year-old atemoya farmer Tsou Yun-shing in Taiwan’s Taitung County, the last two years have been a tough time for his business. Since China banned the import of…
more ...New G7 President Italy to Push Africa Partnerships, Not Aid, Meloni Says
ROME — As Italy assumes the rotating presidency of the Group of Seven leading industrial nations, Prime Minister Giorgia Meloni said this week that a focus on developing strategic partnerships with…
more ...War, Weather Put Ocean Shippers on Notice for Rough Seas in 2024
LOS ANGELES, CALIFORNIA — Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop — but it is hardly the only issue that big carriers…
more ...UN Economists Forecast Global Growth to Slow in 2024
NEW YORK — United Nations economists are forecasting low growth globally this year, as recovery from the COVID-19 pandemic remains uneven internationally and wild cards such as climate shocks and geopolitical…
more ...Museveni Slams West After US Removes Uganda From Economic Program
KAMPALA, UGANDA — Days after the United States removed Uganda from an economic assistance program due to human rights concerns, Uganda’s president harshly criticized the West. In a speech Thursday, President…
more ...Argentina Court Suspends Milei’s Labor Reforms
BUENOS AIRES, ARGENTINA — Argentine judges on Wednesday suspended labor law changes that form part of a decree of sweeping economic reforms and deregulation announced by the country’s new libertarian president,…
more ...Global Shipping Firms Continue to Pause Red Sea Shipments
OSLO, NORWAY — Denmark’s Maersk and German rival Hapag-Lloyd said on Tuesday their container ships would continue to avoid the Red Sea route that gives access to the Suez Canal following…
more ...President Hopeful Zimbabwe Economy Will Turn Around in 2024
Harare — President Emmerson Mnangagwa has predicted Zimbabwe’s moribund economy will turn around this year following the recent discovery of oil and gas near the country’s border with Mozambique and Zambia…
more ...The Empire State Rings in New Year With Pay Bump for Minimum-Wage Workers
ALBANY, N.Y. — New York’s minimum-wage workers had more than just the new year to celebrate Monday, with a pay bump kicking in as the clock ticked over to 2024. In…
more ...Tanzania Bans Soybean Imports from Malawi
BLANTYRE, MALAWI — Tanzania has banned imports of soybeans from Malawi to protect its agricultural sector from the presence of the tobacco ringspot virus in that neighboring country. The Tanzania Plant…
more ...China’s Residential Property Sector Filled With Livid Buyers of Unfinished Units
Taipei, Taiwan — A growing number of home buyers in China have seen their dream of moving into new homes dashed in the past year after a slew of bankrupt developers…
more ...Can Maui Get Tourists Without Compounding Wildfire Trauma?
LAHAINA, Hawaii — The restaurant where Katie Austin was a server burned in the wildfire that devastated Hawaii’s historic town of Lahaina this summer. Two months later, as travelers began to…
more ...Red Sea Shipping Workarounds Add Costs, Delays for Suppliers, Retailers
LOS ANGELES — Toymaker Basic Fun’s team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart WMT.N and other retailers is racing to reroute cargo away from the…
more ...Vietnam Wary of China’s ‘Swift, Large-Scale’ Investment
WASHINGTON — An influx of Chinese investors in Vietnamese supporting industries could cause domestic businesses to suffer from the competition, the president of the Vietnam Association for Supporting Industries warned. Phan…
more ...Argentines Protest Milei’s Economic Reforms
BUENOS AIRES, ARGENTINA — Thousands of Argentines took to the streets of Buenos Aires on Wednesday to protest a decree of sweeping economic reform and deregulation proposed by President Javier Milei.…
more ...Holiday Spending Up in US, Despite Financial Anxiety, Higher Costs
New York — Holiday sales rose this year and spending remained resilient during the shopping season even with Americans wrestling with higher prices in some areas and other financial worries, according…
more ...Christmas Rush to Get Passports to Leave Zimbabwe is Fed by Economic Gloom, Price Hike
Harare — Atop many Christmas wish lists in economically troubled Zimbabwe is a travel document, and people are flooding the passport office this holiday season ahead of a price hike planned…
more ...Malawi Bans Maize Imports From Kenya, Tanzania Over Disease
BLANTYRE, MALAWI — Malawi, which already is suffering from food shortages, this week banned the import of unmilled maize from Kenya and Tanzania over concerns that the spread of maize lethal…
more ...British Businesses Wait on Sidelines as China’s Economy Struggles
London — Beijing’s hopes for a swift return of foreign investors after it began lifting its harsh COVID-19 restrictions late last year were not answered in 2023. A new survey of…
more ...
