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…
more ...Experts: Nigeria’s Inflation to Persist Without Stabilized Exchange Rate
Nigeria’s inflation rate has risen to its highest level in two decades, 26.72%, according to the national statistics bureau. The latest figure keeps millions of people in Africa’s largest country…
more ...Gabon’s Government Threatens Arrests Over Money Collected for Work Not Performed
Military rulers in Gabon on Tuesday threatened to arrest the heads of businesses who have collected money for work that was not performed. While ordering the resumption of work at…
more ...China’s Trade Grows in SE Asia Under BRI, as Do Concerns
Since China’s launch of the Belt and Road Initiative 10 years ago, trade with Southeast Asian nations has more than doubled. Beijing has poured billions into helping build rails, airports,…
more ...Kenyan Court Dismisses GMO Lawsuit, Raises East Africa Trade Concerns
A Kenyan court has dismissed a case challenging the importation of genetically modified foods, letting stand an earlier court ruling allowing the entry of so-called GMOs. The Law Society of…
more ...China’s Exports, Imports Fell 6.2% in September as Global Demand Faltered
China’s exports and imports both fell in September from a year earlier, though they contracted at a slower pace even as global demand remained muted. Customs data released Friday showed…
more ...Central Asians Balance Benefits, Risks of China’s BRI
Although weary of Beijing’s political ambitions and concerned about over-reliance on China, some Central Asians tell VOA they also see the benefits of the Belt and Road Initiative, or BRI,…
more ...China’s BRI Brings Roads, Rails and Debt to Africa
Some 150 countries, many of them in Africa, have signed on to China’s 10-year-old Belt and Road Initiative, also known as the BRI. And while the multibillion-dollar project has helped…
more ...IMF Warns of ‘Limping’ Global Economy
Leading economists gathered in Marrakech, Morocco, on Tuesday for the International Monetary Fund’s annual conference. Their message was clear: The world economy is beginning to slump as fissures between East…
more ...ECB’s Lagarde: Confident over 2% Inflation Target and Europe’s Winter Gas Situation
European Central Bank President Christine Lagarde said in an interview published on Sunday that she was confident the ECB would meet its target of getting inflation back down to 2%,…
more ...Will Weight Loss Drugs Like Ozempic Take a Bite Out of Junk Food Sales?
All About America explores American culture, politics, trends, history, ideals and places of interest. As Americans shed pounds on weight loss drugs like Ozempic, snack food companies could be in…
more ...Auto Workers Stop Expanding Strikes After GM Battery Plant Concession
The United Auto Workers union said Friday it will not expand its strikes against Detroit’s three automakers after General Motors made a breakthrough concession on unionizing electric vehicle battery plants. …
more ...G7 Seeks Ban on Russian Diamonds
The G7 group of rich nations is pushing for a ban on diamonds mined in Russia – the world’s biggest producer – following Moscow’s full-scale invasion of Ukraine last year.…
more ...China’s Property Market Crisis Leaves Malaysian Megaproject in Doubt
The future of a $100 billion development on Malaysia’s coast is in doubt due to growing concerns over the financial stability of its largest backer, China’s Country Garden. The property…
more ...Experts Say Tackling Corruption Key to Stopping Nigerian Crude Theft
Nigerian authorities are investigating the deaths of at least 15 people in the explosion of an illegally tapped oil pipeline on Sunday, an often-deadly practice that has been going on…
more ...Jury Selection Underway in Sam Bankman-Fried’s FTX Fraud Trial
Jury selection is currently underway in Sam Bankman-Fried’s trail on fraud and conspiracy charges, nearly one year after his now-bankrupt cryptocurrency exchange, FTX, collapsed. According to prosecutors, Bankman-Fried, who has…
more ...Biden Signs Bill to Fund US Government, Avoid Shutdown
President Joe Biden has signed a bill to fund the U.S. government through mid-November and avoid a shutdown, less than an hour before money for federal agencies was set to…
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