China’s recent economic slowdown will have a negative but limited impact on the rest of Asia this year as China struggles to recover from the impact of the global pandemic…
more ...Biden Refutes Top-Down Economic Policy with ‘Bidenomics’
Here comes “Bidenomics,” President Joe Biden’s self-named plan to forge an economic future “for families and communities that have long been written off and left behind.” On Wednesday, he visited…
more ...White House Takes a Bet on ‘Bidenomics’ Amid Americans’ Pessimism on Economy
Ahead of President Joe Biden’s 2024 reelection campaign, the White House is promoting the term “Bidenomics” to make the case that his policies to “grow the economy from the bottom…
more ...Zimbabwe Inflation Hits 175% as Currency Continues Crashing Against US Dollar
Zimbabwe officials say the country’s annual inflation rate more than doubled from May to June, to more than 175%. Economists say multiple devaluations of Zimbabwe’s struggling dollar led prices to…
more ...Study: US Recreational Boating Gaining Steam Since Pandemic
Market researchers have noted that since the COVID-19 pandemic started, Americans have been spending more time on the water. And that has helped keep the recreational boating industry afloat. Liliya…
more ...On This Eid al-Adha, Hard-Hit Egyptians Make Extra Sacrifice
The upcoming Eid al-Adha holiday, or the major Muslim Feast of Sacrifice, highlights the difficulties that Egypt’s most vulnerable households are facing in the country’s deepening economic crisis. …
more ...Packages From China Are Surging Into US; Some Say $800 Duty-Free Limit Was Mistake
Conservatives anxious to counter America’s leading economic adversary have set their sights on a top trade priority for labor unions and progressives: cracking down on the deluge of duty-free packages…
more ...Pakistan’s Parliament Approves Revised Budget to Clinch IMF Deal
Pakistan’s parliament on Sunday approved the government’s 2023-24 budget which was revised to meet International Monetary Fund conditions in a last ditch effort to secure the release of more bailout…
more ...As Fuel Taxes Plummet, States Weigh Charging by the Mile Instead of the Tank
Evan Burroughs has spent eight years touting the virtues of an Oregon pilot program charging motorists by the distance their vehicle travels rather than the gas it guzzles, yet his…
more ...Flood of Packages from China Prompts Congress to Look at Duty-Free Limit
Conservatives eager to counter America’s leading economic adversary have set their sights on a top trade priority for labor unions and progressives: cracking down on the deluge of duty-free packages…
more ...At Paris Summit, World Bank to Unveil Debt Payment Pause for Countries Hit by Disasters
The World Bank chief will announce a raft of measures on Thursday to aid countries hit by natural disasters, including a pause in debt repayments to the lender, as world…
more ...Biden Says Risks Posed by AI to Security, Economy Must be Addressed
The risks of artificial intelligence to national security and the economy need to be addressed, U.S. President Joe Biden said on Tuesday, adding he would seek expert advice. “My administration…
more ...China Cuts Interest Rates in Effort to Boost Flagging Economic Growth
Chinese commercial banks lowered interest rates on Tuesday as Beijing seeks ways to boost economic growth, which has been disappointingly slow as the country recovers from pandemic-era lockdowns and supply…
more ...Aid Group: World Failing Afghanistan During Major Locust Outbreak
A global aid agency warned Monday that a large-scale plague of locusts is ravaging northern Afghanistan and could destroy 1.2 million metric tons of wheat, almost one-quarter of the country’s…
more ...Paris Air Show Back With Climate, Defense in Focus
Military and civilian aircraft streaked across the sky as the Paris Air Show returned Monday after a four-year COVID-induced hiatus, with a big crowd including Ukrainian military officials and the…
more ...Amazon, Marriott, Other Companies Vow to Hire Thousands of Refugees in Europe
Multinational companies — including Amazon, Marriott and Hilton — pledged Monday to hire more than 13,000 refugees, including Ukrainian women who have fled the war with Russia, over the next…
more ...Consumption Soft Even Amid Deep Discounts During Major China Shopping Festival, Analysts Say
Chinese consumers snapped up billions of dollars’ worth of items in China’s first major online shopping festival after emerging from the pandemic as merchants slashed prices, but analysts say that…
more ...Binance, SEC Strike Deal to Keep US Customer Assets in Country
Binance, the world’s biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the U.S. Securities and Exchange Commission to ensure that U.S. customer assets remain in the United…
more ...Amid Cash Crunch, Pakistan Grappling With Options to Avert Default
Pakistan is in a debt crisis. It must pay billions in debt servicing, but the state’s coffers are almost empty. As hopes for reviving a bailout deal with the International…
more ...Is Pakistan Days Away From Default?
Pakistan is facing a debt crisis. It must pay billions in debt servicing, but the state’s coffers are almost empty. At the same time, hopes of reviving a stalled 2019…
more ...Beyoncé Likely a Factor in Sweden’s Unexpectedly High Inflation
Can you pay my bills? That seems to be what Sweden is asking Beyoncé after the star came to town. When the singer launched her global tour last month in…
more ...Economic Fallout of Sudan Conflict Hits Neighbors
The international credit rating agency Moody’s and the International Monetary Fund say the Sudan conflict will harm its neighbors’ economies if it continues. In the markets of N’djamena, Chad’s capital,…
more ...Modi and Biden Poised to Strengthen Tech Trade, Counter China
Indian Prime Minister Narendra Modi makes his first state visit to Washington in nine years on June 21. The trip comes as the United States and India increase cooperation in…
more ...Fed Keeps Rates Unchanged, but Signals 2 More Potential Hikes This Year
The Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation. But in a surprise move, the Fed signaled it…
more ...North Korea Increases Exports of Wigs and Fake Eyelashes, Raising Alarms in US
Many of the wigs and false eyelashes labeled “Made in China” that are sold by American retailers may violate U.S. sanctions on North Korea, which is where they are actually…
more ...US Consumer Price Growth Slowed Last Month
Consumer prices in the United States cooled last month, rising just 0.1% from April to May and extending the past year’s steady easing of inflation. At the same time, some…
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