This week as Beijing suddenly announced that China’s foreign minister Qin Gang had been removed after just seven months in the job, his predecessor and now replacement, seasoned diplomat Wang…
more ...IMF Edges 2023 Global Economic Growth Forecast Higher, Sees Persistent Challenges
WASHINGTON — The International Monetary Fund on Tuesday raised its 2023 global growth estimates slightly given resilient economic activity in the first quarter, but warned that persistent challenges were dampening…
more ...India’s Ban on Rice Exports Could Impact Global Prices
A ban imposed by India on exports of several categories of rice due to rising domestic prices and fears of a shortfall in the next crop yield could drive up…
more ...Dead EV Batteries Turn to Gold With US Incentives
A little-publicized clause in the U.S. Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America, putting the region at the forefront of a global race…
more ...India and Sri Lanka to Strengthen Economic Partnership
India and Sri Lanka boosted their economic partnership by signing a series of agreements on energy, trade and connectivity projects following talks between Indian Prime Minister Narendra Modi and Sri…
more ...Can Cities Remain Relevant If Hybrid Work Is Here to Stay?
Hybrid work is here to stay, and if cities are to thrive, they must adapt to the new reality that workers will be downtown less often. That’s according to a…
more ...Major Strikes Loom in US Labor Market
The labor movement in the United States is having an unusually active moment, with as many as four high-profile strikes possible and a level of coordination among separate unions that…
more ...Ukrainian Farmers React to Russia’s Grain Deal Withdrawal
After Russia withdrew from a deal allowing Ukraine to export grain through ports on the Black Sea, the Kremlin launched attacks on Ukrainian ports and grain hubs. Anna Kosstutschenko spoke with…
more ...Canadian Immigration Work Initiative Reaches Cap in Two Days
Canada’s recently launched immigration work permit program is no longer accepting new applications since receiving an overwhelming response and reaching its cap of 10,000 applicants in two days. Aiming to…
more ...As Gasoline Prices Soar, Some Nigerians Turn to Propane-Fueled Generators
Nigeria’s weak electric grid had led many of its citizens to rely on gasoline-fueled generators for power. But the president’s controversial removal of a costly fuel subsidy in May saw…
more ...USDA, States Eye Cheaper Food by Targeting Anticompetitive Acts
The U.S. Department of Agriculture is seeking to lower food prices and boost competition by joining with 31 states and Washington, D.C., to target price fixing and other anticompetitive behavior…
more ...Yellen Says Pending Rules Won’t ‘Broadly Disrupt’ Investment in China
U.S. Treasury Secretary Janet Yellen this week said that if the Biden administration issues expected new rules limiting outbound U.S. investment in China, they will not be highly disruptive to…
more ...G20 Finance Ministers Meeting in India Ends Without Consensus
Consensus eluded a meeting of finance ministers and central bank governors of the Group of 20 countries that ended Tuesday in India as members failed to bridge their differences on…
more ...US Treasury Chief: Ukraine Aid Is the Best Boost for Global Economy
Redoubling support for war-stricken Ukraine is the “single best” way to aid the global economy, U.S. Treasury Secretary Janet Yellen said Sunday, along with boosting emerging economies and tackling debt…
more ...Bargain-Hunting Uruguayans Flock to Argentina as its Peso Slides
On a recent cross-border shopping trip, four friends from Fray Bentos, Uruguay, visited the nearby Argentine city of Gualeguaychú, where they could afford to live lavishly and snap up eye-popping…
more ...US Lawmakers Say China Using Coercive Business Practices for Economic Advantage
U.S. lawmakers Thursday charged the Chinese Communist Party is using coercive economic practices to achieve worldwide dominance over the United States. The accusations came at a hearing of the House…
more ...Hollywood Actors Join Screenwriters in Historic Industry-stopping Strike as Contract Talks Collapse
Leaders of a Hollywood actors union voted Thursday to join screenwriters in the first joint strike in more than six decades, shutting down production across the entertainment industry after talks…
more ...Geothermal Becomes More Popular Despite Initial Cost
Some homeowners looking to switch out their heating and cooling systems are turning to home geothermal — also known as ground source — heat pumps. It’s a technology that relies…
more ...El Nino Threatens Rice Crops Across Asia
Warmer, drier weather because of an earlier-than-usual El Nino is expected to hamper rice production across Asia, hitting global food security in a world still reeling from the impacts of…
more ...US Consumer Price Increase Lowest Since Early 2021
U.S. consumer prices rose 3% in June compared with a year ago, a marked drop in the inflation rate that was the smallest 12-month increase in more than two years,…
more ...Global Energy Demand to Rise 23% by 2045, OPEC Says
Global demand for all forms of energy is forecast to rise by 23% through 2045, OPEC Secretary General Haitham Al Ghais told a Nigerian oil and gas conference on Tuesday.…
more ...HRW Reports Warn About Risks of Ugandan Pipeline
“Our first meeting with Total they said, ‘Your standard of living will be elevated, you will no longer be poor,” a 48-year-old Ugandan woman supporting seven children, told Human Rights…
more ...US Slowed Hiring But Still Added a Solid 209,000 Jobs in June in Sign of Economy’s Resilience
America’s employers pulled back on hiring but still delivered another month of solid gains in June, adding 209,000 jobs, a sign that the economy’s resilience is confounding the Federal Reserve’s…
more ...Yellen in China for Talks Focused On Stabilizing Ties
Speaking Friday in Beijing to the American Chamber of Commerce in China, U.S. Treasury Secretary Janet Yellen said, “The United States does not seek a wholesale separation of our economies.…
more ...US Treasury Secretary Holds ‘Candid and Constructive’ Talks With China’s PM
U.S. Treasury Secretary Janet Yellen held “candid and constructive” talks Friday with China’s Prime Minister Li Qiang in Beijing. A Treasury Department statement said Yellen “discussed the administration’s desire to…
more ...EU Ambassador Regrets Lack of Progress With China on Trade
The European Union’s ambassador to China expressed regret on Sunday over the lack of “substantial progress” with Beijing on trade talks, as EU countries seek to reduce their economic dependence…
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