China’s exports plunged by 14.5% in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump. Imports tumbled 12.4%, customs data…
more ...China Accused of ‘Hypocrisy’ as Japan Set to Release Fukushima Wastewater
Japan is due to start releasing wastewater used to cool the crippled reactors at the Fukushima nuclear plant as soon as the end of August. China has criticized the planned…
more ...US Inflation Has Steadily Cooled, Getting Down to Fed’s Target Rate Will Be Tougher
Over the past year, inflation in the United States has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for…
more ...Fed Officials Sketch Case on Both Sides of Rate Debate
The contours of the debate at the heart of the Federal Reserve’s policy decision next month came into clearer view on Monday as officials outlined the case for and against…
more ...Power Prices Surge as Cost-of-Living Pressures Increase in Australia
New Australian Bureau of Statistics data reveals a record number of people are working multiple jobs as households try to keep up with the surge in the cost of living.…
more ...Biden Order Curbing Investment to China Expected Next Week, Sources Say
President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in sensitive technologies to China early next week, according to people familiar with the matter.…
more ...Is China Responsible for Pakistan’s Debt Problem?
Pakistan and China are marking a decade of economic cooperation with much fanfare these days as the China-Pakistan Economic Corridor, popularly known as CPEC, completes 10 years. Experts say while…
more ...Global Food Security on APEC Meeting Agenda in Seattle
The regional economic forum APEC has begun hosting senior official and ministerial meetings in Seattle, Washington. This year, the United States will host the annual gathering as it navigates a…
more ...US Employers Added Solid 187,000 Jobs in July; Unemployment Dips to 3.5%
WASHINGTON — U.S. employers added 187,000 last month, fewer than expected, as higher interest rates continued to weigh on the economy. But the unemployment rate dipped to 3.5% in a…
more ...Adidas Sells $437 Million of Yeezy Sneakers, Donates Part to Anti-Hate Groups
FRANKFURT, Germany — Adidas brought in $437 million from the first release of Yeezy sneakers left over after breaking ties with Ye, the rapper formerly known as Kanye West, as…
more ...US Economy Will Sway 2024 Vote, Small Business Owners Say
The Biden administration has recently been emphasizing the strength of the U.S. economy, but some small business owners remain skeptical. VOA’s Veronica Balderas Iglesias visited their shops and found out…
more ...Does Pakistan Have a Chinese Debt Problem?
Pakistan and China are celebrating as the China-Pakistan Economic Corridor, the centerpiece of Beijing’s global Belt and Road initiative, completes 10 years. The investment project has grown to over $60…
more ...US Widens Blacklist of China-Based Firms Over Uyghur Forced Labor Concerns
WASHINGTON — Washington added more China-based companies to a blacklist Tuesday, barring their goods from entering the United States as officials seek to remove forced labor — especially involving minorities…
more ...Teamsters Says US Trucking Firm Yellow Notifies It of Shutdown, Bankruptcy
The Teamsters said on Sunday that the union was served a notice that Yellow Corp. is ceasing operations and filing for bankruptcy. “Yellow has historically proven that it could not…
more ...US State and Local Governments in Wage War for Workers
At the entrance to Missouri prisons, large signs plead for help: “NOW HIRING” … “GREAT PAY & BENEFITS.” No experience is necessary. Anyone 18 and older can apply. Long hours…
more ...While Eyeing China, Japan Backs Sri Lanka as Indo-Pacific Partner
COLOMBO, Sri Lanka — Japan’s Foreign Minister Yoshimasa Hayashi said Saturday that Sri Lanka is a key partner in a Tokyo-led initiative aimed at building security and economic cooperation around…
more ...Niger Loses Aid as Western Countries Condemn Coup
NIAMEY, Niger — The European Union has cut off financial support to Niger, and the United States has threatened to do the same after military leaders this week announced they…
more ...Can Employers Force Teleworking Americans Back to the Office?
More than one-third of US workers are remote for at least part of the week …
more ...Young Chinese Opt Out of Pressures at Home to Pursue Global Nomad Lifestyle
BANGKOK — Shortly after China opened its borders with the end of “zero-COVID,” Zhang Chuannan lost her job as an accountant at a cosmetic firm in Shanghai and decided to…
more ...Ukrainian, Polish Farmers Call for Solutions Amid Global Food Security Threat
The European Union allowed the free trade of Ukrainian crops after Russia invaded. The glut that resulted prompted some EU members to impose a ban on sales, which threatens the…
more ...IMF, Argentina Reach Staff Deal on Loan Reviews to Unlock $7.5 Billion
WASHINGTON — The International Monetary Fund said on Friday that it has reached a staff-level agreement with Argentina to unlock about $7.5 billion and complete the fifth and sixth reviews…
more ...Target ‘Niche’ Chinese Travelers, Not Numbers, Tourism Experts Tell Africa
African countries are investing heavily in trying to attract tourists from the world’s biggest outbound travel market, China, as they battle to recover from losses suffered during the travel bans…
more ...Experts: Vietnam May Benefit as US Companies De-risk Supply Chains Now in China
WASHINGTON – Vietnam is well-positioned to draw U.S. investors seeking to de-risk supply chains now in China, but closer economic integration between Hanoi and Washington appears unlikely to lead to…
more ...Iraqis Protest Dinar Deterioration After US Ban on Iraqi Banks
IRBIL, IRAQ — Dozens of people protested in front of the Central Bank of Iraq in Baghdad and bank owners called for official action to stem a sharp increase in…
more ...US Federal Reserve Raises Key Rate; Another Hike Possible in September
The U.S. Federal Reserve raised a key interest rate by a quarter of a percentage point on Wednesday, citing still-elevated inflation as a rationale for what is now the highest…
more ...What Africa and Russia Have to Gain From Summit
JOHANNESBURG — African leaders, including South African President Cyril Ramaphosa, are heading to St. Petersburg this week for the second Russia-Africa Summit, as an isolated Moscow looks to shore up…
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