With tensions growing over the war in Ukraine and Russia’s energy cuts, the European Union’s executive arm is calling on member nations to cut natural gas consumption by 15% between…
more ...Yellen Calls Out China Trade Practices in South Korea Visit
Treasury Secretary Janet Yellen said the U.S. and South Korea should deepen their trade ties to avoid working with countries that use their market positions to unfair advantage — calling…
more ...China Urges Banks to Extend Loans for Real Estate Projects Amid Mortgage Boycott
Chinese regulators Sunday urged banks to extend loans to qualified real estate projects and meet developers financing needs where reasonable, in their latest effort to ease concerns triggered by a…
more ...Thailand Sets 2028 Target to Finish High-Speed Rail Link with China
Thailand’s recent pledge to finish a long-delayed high-speed rail line linking it to China through Laos within six years is reigniting doubts about the country’s commitment and whether the $12…
more ...Long Lines Are Back at US Food Banks as Inflation Hits High
Long lines are back at food banks around the U.S. as working Americans overwhelmed by inflation turn to handouts to help feed their families. With gas prices soaring along with…
more ...China’s Economy Shrinks 2.6% During Virus Shutdowns
China’s economy contracted in the three months ending in June compared with the previous quarter after Shanghai and other cities shut down to fight coronavirus outbreaks, but the government said…
more ...Yellen Pushes Plan to Cap Price of Russian Oil on Global Markets
The United States is pressing to implement a plan meant to force Russia to sell oil at artificially low prices on the global market, in order to deprive the Kremlin…
more ...Development Bank Agrees to Help Zimbabwe Clear $13.5 Billion Debt
The African Development Bank (AfDB) agreed this week to help Zimbabwe clear its $13.5 billion debt during a visit by the Abidjan-based lender’s president. The AfDB has also started releasing…
more ...Panasonic Selects Kansas for Vehicle Battery Mega-Factory
Japan’s Panasonic Corp. selected Kansas as the location for a multibillion-dollar mega-factory to produce electric vehicle batteries for Tesla and other carmakers, Governor Laura Kelly announced Wednesday. The decision comes…
more ...US, Allies Aim to Cap Russian Oil Prices to Hinder Invasion
With thousands of sanctions already imposed on Russia to flatten its economy, the U.S. and its allies are working on new measures to starve the Russian war machine while also…
more ...US Consumer Prices Surged 9.1% in June
U.S. consumer prices are still surging, up 9.1% in June compared to a year ago, the government reported Wednesday, the fastest increase in four decades. The Bureau of Labor Statistics…
more ...Cameroon Orders Investment in Wheat Production to Quell Protests Sparked by Shortages
Cameroon President Paul Biya says the government will increase funding to grow more wheat after protests over wheat shortages and price spikes sparked by Russia’s invasion of Ukraine. Before Russia’s…
more ...COVID Pandemic Still Shaking Up US Housing Market
Industry experts say post-pandemic trends are still driving the U.S. real estate market. Home prices are up nearly 30% compared with two years ago, according to Zillow, a U.S.-based real…
more ...Average US Gasoline Price Falls 19 Cents to $4.86 per Gallon
The average U.S. price of regular-grade gasoline plunged 19 cents over the past two weeks to $4.86 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that…
more ...Explainer: Why Sri Lanka’s Economy Collapsed and What’s Next
Sri Lanka’s prime minister said late last month that the island nation’s debt-laden economy had “collapsed” as it runs out of money to pay for food and fuel. Short of…
more ...US Job Growth Remains Strong Despite Recession Warnings
While inflation remains high and economic forecasters are warning of a possible recession, the U.S. Bureau of Labor Statistics Friday reported job growth in the United States remains strong, with…
more ...UN: Inflation Driven By Ukraine War Draws 71 Million into Poverty
A U.N. study released Thursday shows the first three months of the war in Ukraine has driven up the global cost of fuel and food, creating record inflation that has…
more ...US, UK Leaders Raise Fresh Alarms About Chinese Espionage
The head of the FBI and the leader of Britain’s domestic intelligence agency raised fresh alarms Wednesday about the Chinese government, warning business leaders that Beijing is determined to steal…
more ...US West Coast Shipping Operations Continue Amid Labor Talks
Dockworkers and shipping companies on the U.S. West Coast say operations will continue normally as they negotiate following Friday’s expiration of a contract between the two sides. A joint letter…
more ...UN Says Lebanon in State of Crisis
The United Nations is warning that Lebanon is in a state of crisis, with millions of people out of work, and suffering from shortages of food, medicine, fuel, and other…
more ...Minister: Sri Lanka Struggling to Pay for Fuel Shipments
Sri Lanka is struggling to raise $587 million to pay for about half a dozen fuel shipments, a top minister said Sunday as the cash-strapped country tries to cope with…
more ...Egyptian Women in Work: Between Barriers and Dreams
In male-dominated Egypt, the workforce participation rate among women and girls ages 15 and older is an estimated 15%, falling below the Middle East-North Africa region’s average of 19%, according…
more ...African Continental FTA Challenged by Bureaucracy, Poor Infrastructure
The African Continental Free Trade Area has been operating for more than a year with the aim of cutting red tape to expand inter-African trade and lift millions of people…
more ...Sri Lanka Runs Out of Fuel
Sri Lanka has run out of fuel, according to a report Monday in the country’s Daily Mirror newspaper. The 1,100 tons of petrol and 7,500 tons of diesel the country…
more ...G-7 Summit to Address Global Threats
U.S. President Joe Biden comes to the Group of Seven summit with the war in Ukraine showing no signs of stopping and China’s ambition spreading. The White House says they…
more ...Despite Strong Summer Start, Europe’s Aviation Industry Frets
Air traffic is booming this summer, but after European vacations are over will passenger demand hold up? The question was the focus of the annual congress of the Airports Council…
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