Nigerian experts are hopeful that deals reached last week with Saudi Arabia will boost local oil production and help grow the economy. The deals included a pledge by Saudi officials…
more ...US House Approves Plan to Avert Partial Government Shutdown
The U.S. House of Representatives voted 336-95 on Tuesday to approve a plan to avert a partial government shutdown on Saturday but at the same time push off contentious debates…
more ...Amid Warning on US Debt Rating, Calls Mount for ‘Fiscal Commission’
With a government shutdown looming and a federal deficit that continues to climb, the bond rating firm Moody’s on Friday lowered its outlook for U.S. Treasury debt to “negative” from…
more ...Moody’s Turns Negative on US Credit Rating, Draws Washington Ire
Moody’s on Friday lowered its outlook on the U.S. credit rating to “negative” from “stable” citing large fiscal deficits and a decline in debt affordability, a move that drew immediate…
more ...China’s ‘Singles Day’ Shopping Bonanza Loses its Luster
China’s annual “Singles Day” sales bonanza wraps up at midnight Saturday, but consumers this year appear largely unswayed by its flashy deals and discounts as the world’s second-largest economy slows.…
more ...UN Report Outlines War’s Devastating Impact on Palestinian Economy
A new U.N. report paints a stark picture of the collapse of the Palestinian economy after a month of war and Israel’s near total siege of Gaza. The gross domestic…
more ...Businesses in Ethiopian Traditional Clothing Market Say Chinese Competition Is Unfair
Businesses in the Ethiopian traditional clothing market say cheaper garments made by Chinese manufacturers is driving them out of work. Kennedy Abate has this report from the capital Addis Ababa,…
more ...Ukraine War Continues to Roil Global Agriculture Industry
Farmers in the U.S. are closely connected to developments in Ukraine and are intently watching for clues about how the war is affecting not only farmers abroad, but also their…
more ...APEC Nations May Benefit From US-China Tensions
Many members of the Asia-Pacific Economic Cooperation bloc may profit from the trend of U.S. companies moving production out of China and into countries with a solid relationship with the…
more ...African Businesses Navigate Trade With US and China
African leaders are pushing for renewal of a preferential U.S. trade policy, set to expire in 2025, that allows them duty-free access to the U.S. market. Kate Bartlett spoke with…
more ...Australian Leader Hails Landmark Meeting With Chinese President in Beijing
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…
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