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Author: Ranbiz

Australian Leader Hails Landmark Meeting With Chinese President in Beijing

11/07/2023 Ranbiz

Australian Prime Minister Anthony Albanese has invited Chinese President Xi Jinping to Canberra after what he called a “positive” landmark summit in Beijing. Albanese is the first Australian prime minister…

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President Biden Hosts Latin American Leaders for Americas Economic Summit

11/05/2023 Ranbiz

On Friday, U.S. President Joe Biden hosted leaders from Latin America, the Caribbean, and Canada at the inaugural Americas Partnership for Economic Prosperity Leaders’ Summit, which aimed to enhance economic…

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Offshore Wind Projects Face Economic Storm, Risks to Biden Clean Energy Goals

11/05/2023 Ranbiz

The cancellation of two large offshore wind projects in New Jersey is the latest in a series of setbacks for the nascent U.S. offshore wind industry, jeopardizing the Biden administration’s…

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US Takes Up China’s Infrastructure Mantel in Africa

11/03/2023 Ranbiz

This week, the U.S. State Department confirmed that Washington’s plan to refurbish and extend the Lobito Corridor — a railway that will run through mineral-rich Zambia and the Democratic Republic…

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Biden to Meet Latin Leaders on Economics, Migration

11/03/2023 Ranbiz

U.S. President Joe Biden will host leaders from Latin America and the Caribbean at the White House on Friday to discuss economic issues and migration as he seeks to bolster…

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Biden to Host Inaugural Americas Economic Summit

11/03/2023 Ranbiz

U.S. President Joe Biden will tout his plan to deepen Western Hemisphere economic integration on Friday when he hosts leaders from 11 other nations at the White House for the…

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Debt-Laden Local Governments in China Encouraging Start Ups

11/02/2023 Ranbiz

Amid rising debts, authorities in China’s coastal province of Jiangsu are encouraging workers at state-owned enterprises to participate in “off-duty entrepreneurships” and take leave without pay to start their own…

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Federal Reserve Keeps Same Rate, but Keeps Open Possibility of Hike

11/02/2023 Ranbiz

The Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate…

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Washington Brings ‘Made in America’ to APEC Summit

11/01/2023 Ranbiz

In mid-November, Washington trade representatives will be in San Francisco for APEC Economic Leaders’ Week. Trade experts say the U.S. has moved toward policies that could help Washington attract more…

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Traders, Consumers in Zambia Have Mixed View on Chinese Imports

11/01/2023 Ranbiz

Zambian authorities say trade between the country and China increased to more than $5 billion in 2022, bringing an influx of Chinese products into local markets. Some Zambians appreciate having…

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Businesses Brace for Slump as Pakistan Evicts Undocumented Afghans

10/31/2023 Ranbiz

As Afghans residing illegally in Pakistan leave on Islamabad’s orders, many local business owners are seeing labor shortages and a decline in business activity. VOA Pakistan Bureau Chief Sarah Zaman…

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US Consumers Keep Spending Despite High Prices and their Own Gloomy Outlook

10/30/2023 Ranbiz

A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded…

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Indonesia to Omit Private Coal Power Plants from Its JETP Investment Plan

10/30/2023 Ranbiz

Indonesia will exclude coal-fired power plants operated by industrial estates from its investment plan for a G7-led funding program to decarbonize its power sector, sources drafting the document told Reuters.…

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Water Woes, Hot Summers, Labor Costs Are Haunting Pumpkin Farmers in the West

10/29/2023 Ranbiz

Alan Mazzotti can see the Rocky Mountains about 30 miles west of his pumpkin patch in northeast Colorado on a clear day. He could tell the snow was abundant last…

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UAW, Stellantis Reach Tentative Contract; Union Adds Strike at GM Factory

10/29/2023 Ranbiz

Jeep maker Stellantis reached a tentative contract agreement with the United Auto Workers union on Saturday.  The Stellantis deal, which still must be ratified by members, leaves only General Motors…

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Ugandan Economists Say Country Still Investment Destination Despite US Advisory

10/27/2023 Ranbiz

Ugandan economists and officials expressed confidence in the country’s economy and urged investors to ignore a U.S. government advisory about risks they may face if they conduct business there. The…

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US Economic Growth Accelerates in Third Quarter

10/26/2023 Ranbiz

The U.S. economy grew at its fastest pace in nearly two years in the third quarter as higher wages from a tight labor market helped to power consumer spending, again…

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Zimbabwe Says It Lost in Excess of $150 Billion to Sanctions

10/25/2023 Ranbiz

Zimbabwe’s vice president on Wednesday said the country has lost more than $150 billion due to sanctions imposed by the European Union and countries such as the United States following…

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UNCTAD Report: Billions Needed to Rebuild Gaza’s Shattered Infrastructure, Economy

10/25/2023 Ranbiz

Billions of dollars in international economic aid will be needed to reverse decades of border closures, military operations and de-development in Gaza, according to a report published Wednesday by the…

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Nigerians Praise Court Ruling in Multibillion-Dollar Gas Deal

10/24/2023 Ranbiz

Nigerian authorities are praising a London high court ruling Monday that overturned $11 billion in damages stemming from a collapsed gas project between Africa’s largest economy and a private company.…

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IMF Warns Africa of Economic Vulnerabilities as China’s Economy Slows

10/24/2023 Ranbiz

The International Monetary Fund is cautioning African nations about the possibility of a regional economic downturn and the ripple effects that China’s slowing economy could bring. Africa and China have…

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US Trade Act Helps South African Sisters’ Sustainable Business

10/24/2023 Ranbiz

South Africa is hosting a summit for participants in the U.S. government’s duty-free Africa Growth and Opportunity Act from November 2 to 4 as the act comes up for renewal.…

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Mayor Says West Maui to Reopen to Tourism on Nov. 1

10/24/2023 Ranbiz

All of West Maui except for burned-out sections of historic Lahaina will reopen to tourism on Nov. 1 following the deadliest U.S. wildfire in more than century, the mayor of…

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Middle East Crisis Could Disrupt Oil Supplies, Raise Prices

10/20/2023 Ranbiz

Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. But don’t expect…

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Kenyan Manufacturers Decry High Numbers of Chinese Imports

10/19/2023 Ranbiz

China remains the single leading source of imports to Kenya, accounting for over 20% of total imports, according to the country’s bureau of statistics. Many local manufacturers say the Chinese…

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After 10 Years of China’s BRI Projects in Cambodia, Benefits Up for Debate

10/18/2023 Ranbiz

In Cambodia’s capital of Phnom Penh, 62-year-old produce seller Sok Ul is sanguine, despite the threat that a Belt and Road project could uproot him from his neighborhood. Construction will…

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current news

Is AI About to Steal Your Job?

Is AI About to Steal Your Job?

11/28/2023 RanIT

Almost all U.S. jobs, from truck driver to childcare provider to software developer, include skills that can be done, or at least supplemented, by generative artificial intelligence (GenAI), according to…

Shoppers Click ‘Buy’ As Retailers Slash Prices Ahead of Cyber Monday

Shoppers Click ‘Buy’ As Retailers Slash Prices Ahead of Cyber Monday

11/26/2023 Ranbiz

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…

Russian Consumers Feel Themselves in a Tight Spot as High Inflation Persists

Russian Consumers Feel Themselves in a Tight Spot as High Inflation Persists

11/24/2023 Ranbiz

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…

US Retailers Offer Big Deals for Black Friday, but Will Shoppers Spend?

US Retailers Offer Big Deals for Black Friday, but Will Shoppers Spend?

11/24/2023 Ranbiz

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…

Asian Shares Mostly Lower, with Markets in Japan, US Closed

Asian Shares Mostly Lower, with Markets in Japan, US Closed

11/23/2023 Ranbiz

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…

US Envoy Focuses on Cyberscams During Cambodia Visit 

US Envoy Focuses on Cyberscams During Cambodia Visit 

11/23/2023 RanIT

Cindy Dyer, the U.S. ambassador-at-large for monitoring and combating trafficking, is planning to push Cambodia’s new government to ramp up its efforts to crack down on cyberscam operations that trap…

Nigeria Hopeful of Economic Boom Following Investment Deals

Nigeria Hopeful of Economic Boom Following Investment Deals

11/22/2023 Ranbiz

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…

Altman Back as OpenAI CEO Days After Being Fired

Altman Back as OpenAI CEO Days After Being Fired

11/22/2023 RanIT

The ousted leader of ChatGPT-maker OpenAI is returning to the company that fired him late last week, culminating a days-long power struggle that shocked the tech industry and brought attention…

Largest Crypto Exchange Fined $4 Billion; CEO Pleads Guilty to Allowing Money Laundering

Largest Crypto Exchange Fined $4 Billion; CEO Pleads Guilty to Allowing Money Laundering

11/22/2023 RanIT

The U.S. government dealt a massive blow to Binance, the world’s largest cryptocurrency exchange, which agreed to pay a roughly $4 billion settlement Tuesday as its founder and CEO Changpeng…

Iran Lawmakers Pass Bill Raising Retirement Age for Men

Iran Lawmakers Pass Bill Raising Retirement Age for Men

11/22/2023 Ranbiz

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…



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recent news

  • Is AI About to Steal Your Job?
  • Shoppers Click ‘Buy’ As Retailers Slash Prices Ahead of Cyber Monday
  • Russian Consumers Feel Themselves in a Tight Spot as High Inflation Persists
  • US Retailers Offer Big Deals for Black Friday, but Will Shoppers Spend?
  • Asian Shares Mostly Lower, with Markets in Japan, US Closed
  • US Envoy Focuses on Cyberscams During Cambodia Visit 
  • Nigeria Hopeful of Economic Boom Following Investment Deals
  • Altman Back as OpenAI CEO Days After Being Fired
  • Largest Crypto Exchange Fined $4 Billion; CEO Pleads Guilty to Allowing Money Laundering
  • Iran Lawmakers Pass Bill Raising Retirement Age for Men



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  • Google Cloud Gaming Service to Launch in 14 Countries This Year
    Google Cloud Gaming Service to Launch in 14 Countries This Year
  • Russian Consumers Feel Themselves in a Tight Spot as High Inflation Persists
    Russian Consumers Feel Themselves in a Tight Spot as High Inflation Persists
  • Tech Titans Gather at White House to Modernize Government
    Tech Titans Gather at White House to Modernize Government
  • Crashing Turkish Lira in the Balance Before Central Bank Meeting
    Crashing Turkish Lira in the Balance Before Central Bank Meeting
  • Is AI About to Steal Your Job?
    Is AI About to Steal Your Job?
  • S. Korea Jobless Rate Hits Highest Since Global Financial Crisis
    S. Korea Jobless Rate Hits Highest Since Global Financial Crisis
  • Shoppers Click 'Buy' As Retailers Slash Prices Ahead of Cyber Monday
    Shoppers Click 'Buy' As Retailers Slash Prices Ahead of Cyber Monday
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    US Officials Drop Mining Cleanup Rule After Industry Objects
  • After Flurry of Deals, Senate GOP Passes Tax Bill
    After Flurry of Deals, Senate GOP Passes Tax Bill
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    US Approves SpaceX for 2nd Launch of Starship Super Heavy


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