America’s employers kept hiring briskly in October, adding a substantial 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful…
more ...Nigeria’s Currency at Record Lows as Citizens React to Government’s Redesign Plan
Nigeria’s currency, the naira, has dropped to a record low against the U.S. dollar as Nigerians scramble to buy U.S. currency ahead of a redesign of naira notes. Nigerian authorities…
more ...Businessman Sees ‘End of an Era’ After 30 Years in China
German Chancellor Olaf Scholz is scheduled to meet with China’s Xi Jinping on Friday. Scholz heads a delegation of business executives as the first EU leader to visit China since…
more ...US Central Bank Unleashes Another Big Rate Hike But Hints at Pullback
The Federal Reserve, which serves as the U.S. central bank, raised its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time but hinted that it…
more ...Clashes as Thousands Protest French Agro-industry Water ‘Grab’
Thousands of demonstrators defied an official ban to march Saturday against the deployment of new water storage infrastructure for agricultural irrigation in western France, some clashing with police. Clashes between…
more ...Study: Heat Waves Cost Poor Countries the Most, Exacerbating Inequality
Heat waves, intensified by climate change, have cost the global economy trillions of dollars in the past 30 years, a study published Friday found, with poor countries paying the steepest…
more ...Biden Pushes Strong Jobs Market as US Midterm Elections Near
U.S. President Joe Biden has pushed his economic agenda while campaigning for his Democratic Party before the November 8 elections, but high inflation, energy prices and economic anxiety caused by…
more ...European Central Bank Makes Another Large Interest Rate Hike
The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates Thursday at the fastest pace in the euro currency’s history and raising…
more ...US Economy Returned to Growth Last Quarter, Expanding 2.6%
The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates. Thursday’s estimate…
more ...IMF Chief Wants Central Banks to Keep Raising Rates to Hit ‘Neutral’ Level
International Monetary Fund chief Kristalina Georgieva said on Wednesday that central banks should keep raising interest rates further to fight inflation until they hit a “neutral” level, though in most…
more ...China’s Leader Faces Challenge: Fixing Economy While Pursuing Growth
China’s President Xi Jinping has faced and survived many challenges in life. He spent years as a teenager toiling in the countryside after his father was persecuted. He worked his…
more ...Ukraine War Creates Risks, Benefits for US Farmers
The good news for Benjamin Rice is that the price for the corn and soybeans he grows on his Philo, Illinois, farm are up this year – a bright spot…
more ...Ukraine War Helping, Hurting US Farmers
Farmers are harvesting crops in the United States during a period of economic uncertainty due in large part to Russia’s war on Ukraine. As VOA’s Kane Farabaugh reports, farmers are…
more ...US Official Blames Zimbabwe’s Economic Decline on Corruption, Not Sanctions
Poor governance and corruption in Zimbabwe are responsible for the country’s economic decline, not U.S. and other Western sanctions imposed after reports of election rigging and human rights abuses, a…
more ...Sources: China’s State Banks Seen Acquiring Dollars in Swaps Market to Stabilize Yuan
China’s state banks stepped up their intervention to defend a weakening yuan on Monday, with banking sources telling Reuters these banks sold a high volume of U.S. dollars and used…
more ...Tough Year Ahead as IMF Cuts Growth, Projects Recession
The International Monetary Fund (IMF) had bad news for the global economy this past week. It lowered the global growth rate to 2.7% for next year, warned of sovereign defaults…
more ...Apple Workers in Oklahoma Vote to Unionize in 2nd Labor Win
Workers at an Apple store in Oklahoma City voted to unionize, marking the second unionized Apple store in the U.S. in a matter of months, according to the federal labor…
more ...Saudi Arabia, United States Clash Over Why OPEC+ Cut Target
Saudi Arabia rejected as “not based on facts” criticism of an OPEC+ decision last week to cut its oil production target despite U.S. objections and said on Thursday that Washington’s…
more ...US Inflation Pressures Further Intensified in September
Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains that many have received and ensuring…
more ...Why Companies Decide to Leave or Stay in China
Taiwan businessman Liao Chin-chang invested in factories in mainland China’s southern city of Dongguan for the last two decades, making everything from shoes to soccer balls and chemicals. Earlier this…
more ...IMF Downgrades Its World Economic Forecast
The International Monetary Fund on Tuesday downgraded its 2023 world economic outlook, citing Russia’s ongoing war against Ukraine, widespread inflationary pressures and higher interest rates boosting borrowing rates for both…
more ...‘Best Before’ Labels Scrutinized as Food Waste Concerns Grow
As awareness grows around the world about the problem of food waste, one culprit in particular is drawing scrutiny: “best before” labels. Manufacturers have used the labels for decades to…
more ...Tesla’s China-made Sales Hit Record Following Shanghai Factory Upgrade
Electric vehicle maker Tesla Inc sold 83,135 China-made vehicles in wholesale in September, smashing its record of monthly sales in China, according to a report released Sunday by the China…
more ...US Says OPEC Oil Cuts Bad for Global Economy, Paper Reports
U.S. Treasury Secretary Janet Yellen said a decision by the OPEC+ grouping to cut oil production was “unhelpful and unwise” for the global economy, especially emerging markets, the Financial Times reported…
more ...US Hiring Stayed Solid in September as Employers Add 263,000
America’s employers slowed their hiring in September but still added a solid 263,000 jobs — potentially hopeful news that may mean the Federal Reserve’s drive to cool the job market…
more ...African Oil Conference Delegates React to OPEC Cuts
Delegates at Africa’s biggest oil conference have expressed concern about rising prices after the Organization of Petroleum Exporting Countries, plus nonmembers who also export oil, decided this week to cut…
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