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more ...Eastern European Startups Come to US Searching for Opportunities
Immigrants from Belarus, Ukraine and other Eastern European countries are actively exploring the American IT startup market. One immigrant-run venture capital firm is helping them find investments. Evgeny Maslov has the story, narrated by Anna Rice. Camera: Michael Eckels.…
more ...China Says It Will Step Up Policy Adjustments to Spur Recovery in 2024
Beijing — China will step up policy adjustments to support an economic recovery in 2024, state media said on Tuesday, following an agenda-setting meeting of the country’s top leaders. Investors are…
more ...Taylor Swift’s Eras Tour Is First to Gross More Than $1 Billion, Pollstar Says
Taylor Swift’s Eras Tour is the first tour to cross the billion-dollar mark, according to Pollstar’s 2023 year-end charts. Not only was Swift’s landmark Eras Tour the No. 1 tour…
more ...Moody’s Downgrades Hong Kong Rating Outlook to Negative
Ratings agency Moody’s downgraded the outlook on Hong Kong’s credit rating to negative from stable on Wednesday, following a similar change for China the day before. The city’s economy was…
more ...Moody’s Cuts China Credit Outlook, Citing Lower Growth, Property Risks
Ratings agency Moody’s cut its outlook on China’s government credit ratings to negative from stable on Tuesday, in the latest sign of mounting global concern over the impact of surging…
more ...Stock Market Today: Wall Street Loses Ground Ahead Of Key Reports on Job Market
Stocks slipped on Wall Street Monday ahead of some key reports this week on the job market that might provide more insight into the Federal Reserve’s thinking about interest rates.…
more ...Thousands of Iranian Steelworkers Strike for Better Wages
Several thousand members of the Free Union of Iranian Workers went on strike Saturday against the Isfahan Steel Company, seeking higher wages and better working and living conditions. The scale…
more ...US VP Harris Announces $3 Billion Pledge to Green Climate Fund
U.S. Vice President Kamala Harris announced Saturday in Dubai at the U.N. COP28 Climate Conference that the United States is pledging $3 billion to the Green Climate Fund — the…
more ...Biden Takes ‘Bidenomics’ to Colorado, Hits ‘MAGA’ Republicans
U.S. President Joe Biden on Wednesday will tout his “Bidenomics” agenda, contrasting his economic vision with that of so-called “MAGA” Republicans, in remarks at CS Wind, the world’s largest wind…
more ...Shoppers Click ‘Buy’ As Retailers Slash Prices Ahead of Cyber Monday
Holiday shoppers in the U.S. are seeking out the best deals and strategically nabbing the deepest discounts ahead of Cyber Monday, according to data from retailer websites aggregated by third…
more ...Russian Consumers Feel Themselves in a Tight Spot as High Inflation Persists
The shelves at Moscow supermarkets are full of fruit and vegetables, cheese and meat. But many of the shoppers look at the selection with dismay as inflation makes their wallets…
more ...US Retailers Offer Big Deals for Black Friday, but Will Shoppers Spend?
Expect big discounts and other enticements to lure shoppers to stores for Black Friday. But retailers worry those may not be enough. Consumers are coming under pressure as their savings…
more ...Asian Shares Mostly Lower, with Markets in Japan, US Closed
Shares were mostly lower in Asia on Thursday after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain. Markets in Japan…
more ...Nigeria Hopeful of Economic Boom Following Investment Deals
Nigerian President Bola Tinubu is welcoming new trade agreements with Germany, including a deal that calls for the West African nation to export liquid natural gas. The signing Tuesday of…
more ...Iran Lawmakers Pass Bill Raising Retirement Age for Men
Iranian lawmakers have approved legislation raising the retirement age for men to 62 and increasing the years of employment required to qualify for a full pension, state media reported. The…
more ...Newly Assertive Central Asia Rejects ‘Russia’s Backyard’ Label
Kazakhstan President Kassym-Jomart Tokayev bewildered Vladimir Putin and his entourage when, during a November 9 briefing in the Kazakh capital, he addressed the visiting Russian president in his native tongue.…
more ...Argentine Markets React With Optimism to Milei Election
Argentina’s stock market reacted with optimism Tuesday to the resounding election win by libertarian Javier Milei, despite the country being gripped by uncertainty over what changes the self-described “anarcho-capitalist” will…
more ...Kenya Asks for a Billion-Dollar Loan from China
Kenya is struggling to repay a massive debt owed to China for the construction of the Standard Gauge Railroad that links the Kenyan cities of Mombasa and the capital, Nairobi.…
more ...Cuban Private Grocery Stores Thrive, But Few Can Afford Them
Until recently, the space was the one-car garage of a private home in Cuba’s capital, Havana. Today, it is a well-stocked, if small, grocery store whose big board at the…
more ...Sugar Prices Rise Worldwide after Weather Damages Crops in Asia
Skyrocketing sugar prices left Ishaq Abdulraheem with few choices. Increasing the cost of bread would mean declining sales, so the Nigerian baker decided to cut his production by half. For…
more ...Ford Workers Approve Contract That Ended UAW Strike
The United Auto Workers union overwhelmingly ratified a new contract with Ford, a pact that, along with similar deals with General Motors and Stellantis, will raise pay across the industry,…
more ...Taiwan-Lithuania Ties Face Uncertainty Two Years After Taiwan Office Opened
Two years after Taiwan opened a representative office in Lithuania, officials from both sides stress progress in bilateral relations while analysts cite risks that the deepened engagement could be affected…
more ...Biden, 13 Leaders, Sign Indo-Pacific Economic Framework
U.S. President Joe Biden Thursday hailed a new economic agreement among 14 Asia Pacific countries aimed at countering China’s regional economic dominance, saying the deal leaders signed at a summit…
more ...Biden, Xi Compete for Partnership With Asia-Pacific at Summit
US President Joe Biden on Thursday stressed the strength of America’s economic growth in a bid to sway 19 Asia-Pacific economies to partner with the U.S. — as China’s leader…
more ...Malawi President Suspends Foreign Trips by Officials Over Currency Devaluation
Malawi President Lazarus Chakwera has suspended his foreign trips and those of government officials as part of austerity measures to cushion the impact of the recent 44% devaluation of local…
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