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…
more ...President Biden Hosts Latin American Leaders for Americas Economic Summit
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…
more ...Offshore Wind Projects Face Economic Storm, Risks to Biden Clean Energy Goals
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…
more ...US Takes Up China’s Infrastructure Mantel in Africa
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…
more ...Biden to Meet Latin Leaders on Economics, Migration
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…
more ...Biden to Host Inaugural Americas Economic Summit
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…
more ...Debt-Laden Local Governments in China Encouraging Start Ups
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…
more ...Federal Reserve Keeps Same Rate, but Keeps Open Possibility of Hike
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…
more ...Washington Brings ‘Made in America’ to APEC Summit
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…
more ...Traders, Consumers in Zambia Have Mixed View on Chinese Imports
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…
more ...Businesses Brace for Slump as Pakistan Evicts Undocumented Afghans
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…
more ...US Consumers Keep Spending Despite High Prices and their Own Gloomy Outlook
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…
more ...Indonesia to Omit Private Coal Power Plants from Its JETP Investment Plan
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.…
more ...Water Woes, Hot Summers, Labor Costs Are Haunting Pumpkin Farmers in the West
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…
more ...UAW, Stellantis Reach Tentative Contract; Union Adds Strike at GM Factory
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…
more ...Ugandan Economists Say Country Still Investment Destination Despite US Advisory
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…
more ...US Economic Growth Accelerates in Third Quarter
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…
more ...Zimbabwe Says It Lost in Excess of $150 Billion to Sanctions
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…
more ...UNCTAD Report: Billions Needed to Rebuild Gaza’s Shattered Infrastructure, Economy
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…
more ...Nigerians Praise Court Ruling in Multibillion-Dollar Gas Deal
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.…
more ...IMF Warns Africa of Economic Vulnerabilities as China’s Economy Slows
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…
more ...US Trade Act Helps South African Sisters’ Sustainable Business
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.…
more ...Mayor Says West Maui to Reopen to Tourism on Nov. 1
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…
more ...Middle East Crisis Could Disrupt Oil Supplies, Raise Prices
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…
more ...Kenyan Manufacturers Decry High Numbers of Chinese Imports
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…
more ...After 10 Years of China’s BRI Projects in Cambodia, Benefits Up for Debate
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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