Congressional Democrats appear to be on the cusp of passing legislation that would dedicate $369 billion to combat climate change through a combination of grants, tax cuts, subsidies and other…
more ...US Employers Added 528,000 Jobs; Unemployment Falls to 3.5%
Defying anxiety about a possible recession and raging inflation, America’s employers added a stunning 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession. Unemployment fell to…
more ...Democrats Say They’ve Reached Agreement on US Economic Package
Senate Democrats have reached an accord on eleventh-hour changes to their top-priority economic legislation, they announced late Thursday, clearing their major hurdle to moving the measure through the chamber in…
more ...Biden Pushes Inflation Reduction Act, Amid Divided Opinion
The Biden administration on Thursday pushed Congress to pass its proposed $260 billion Inflation Reduction Act, which the White House says will “lower costs, reduce inflation, and address a range…
more ...As Food Prices Skyrocket, US Food Lines Get Longer
From Phoenix, Arizona, in the southwest United States, to Jackson, Mississippi, in the southeast U.S., people are waiting in long lines in their vehicles to receive food assistance from food…
more ...Chinese Subsidiary of British Investment Bank Now Includes Communist Party Committee
British bank and financial services giant HSBC, a longtime presence in East Asia, has become the first foreign lender to install a Chinese Communist Party committee in its investment banking…
more ...America’s Biggest Warehouse Running Out of Room; It’s About to Get Worse
America’s largest warehouse market is full as major U.S. retailers warn of slowing sales of the clothing, electronics, furniture and other goods that have packed the distribution centers east of…
more ...West African Bakers Aim to Reduce Dependence on Imported Grains
Commercial bakers from eight West Africa countries are doing what they can to reduce their dependence on foreign wheat and strengthen their nations’ food security by forming a trade association.…
more ...Excitement Over Investing in Cryptocurrency Tinged With Fear of Big Slide
The price of Bitcoin and other cryptocurrencies has fallen dramatically in recent months. Still, many investors are excited about the future of digital currencies despite the risks. VOA’s Michelle Quinn…
more ...China’s Factory Activity Contracts Unexpectedly in July as COVID Flares Up
China’s factory activity contracted unexpectedly in July after bouncing back from COVID-19 lockdowns the month before, as fresh virus flare-ups and a darkening global outlook weighed on demand, a survey…
more ...More Americans Struggling to Find Affordable Housing
Danira Ford is a lifelong resident of New Orleans, Louisiana. Like tens of thousands of the city’s inhabitants, she has struggled to find an affordable place to live for her…
more ...Pakistan Army Chief Reportedly Seeking US Help in Securing Crucial IMF Loan
Pakistan’s military chief has reportedly sought help from the United Sates in securing the early disbursement of an International Monetary Fund loan as the high price of energy imports pushes…
more ...Record EU Inflation Expected; Economy Continues to Grow
The European Union’s statistical office, Eurostat, on Friday estimated inflation is expected to reach a record 8.9% in July, while the Eurozone and EU economy overall continued to grow during…
more ...Biden Administration Rejects Recession Label for Economy
The U.S. president and members of his administration are avoiding the “R word” – recession – despite the assertion by opposition party politicians and some economists that the country’s economy…
more ...US Failure to Implement Global Minimum Tax Could Be Costly
A breakthrough agreement announced by Senate Democrats on Wednesday, which would dedicate hundreds of billions of dollars to addressing climate change and other Democratic priorities, is designed to raise federal…
more ...US Economy Shrinks for Second Straight Quarter
The U.S. economy shrank for a second straight quarter from April to June, dropping at an annual pace of nine-tenths of a percentage point and by one common measurement pushing…
more ...China to Aid Developers as Homebuyers Boycott Mortgages
Chinese authorities are promising to establish an initial rescue fund of $11.8 billion (80 billion yuan) to offset a looming crisis in the real estate sector, where homebuyers routinely purchase…
more ...US Central Bank Expected to Raise Interest Rates
The U.S. Federal Reserve is expected to impose a second major interest rate increase Wednesday in an effort to combat soaring inflation. Observers say the central bank will likely announce…
more ...What’s Next for China’s Economy?
Two decades ago, China’s factory-driven economy awed the world as it expanded at more than 10% per year. But the country has missed double-digit growth over the past decade. The…
more ...IMF Paints Gloomy World Economic Outlook
World economic growth is slowing and the prospects for a quick recovery are gloomy, the International Monetary Fund said Tuesday. The IMF said it expects growth to slow from last…
more ...Zimbabwe Introduces Gold Coins in Hopes of Reducing Demand for US Dollars
Zimbabwe’s central bank has introduced gold coins that it hopes will ease citizens’ demands for foreign currency. But economists and ordinary Zimbabweans are skeptical. At the official launch of the…
more ...Germany on Cusp of Recession, says Ifo, as Business Sentiment Sinks
German business morale fell more than expected in July, the Ifo business sentiment survey showed on Monday, as the institute that compiles it said high energy prices and looming gas…
more ...US Treasury Chief Downplays Recession as Wave of Economic Data Looms
Treasury Secretary Janet Yellen on Sunday said the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession. Yellen spoke on NBC’s…
more ...Arrests as Madagascar Opposition Protest Living Costs
Police in Madagascar detained two leading members of the main opposition party on Saturday during a protest in the capital against rising living costs and economic hardship. Several hundred anti-government…
more ...‘Day by Day’: Trade Bans, Inflation Send Food Prices Soaring
As inflation surges around the world, politicians are scrambling for ways to keep food affordable as people increasingly protest the soaring cost of living. One knee-jerk response has been food…
more ...E-Commerce in Africa Projected to Grow 56% by 2025
Online sales boomed during the COVID-19 pandemic, including those in some parts of Africa, where industry analysts say online trade is expected to grow by over half in the next…
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