Elon Musk said on Friday his $44-billion deal for Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts. “Twitter deal temporarily on hold pending details…
more ...China Faces Grim Economic Prospects, Experts Say
Chinese Premier Li Keqiang has suggested that China’s current job market is “complicated and severe” as the country maintains “unswerving adherence” to the “zero-COVID” policy, whose lockdowns are causing a…
more ...California’s Minimum Wage Projected to Rise to $15.50 Under Inflation Trigger
California’s minimum wage will rise to $15.50 an hour for workers at all businesses, large and small, on Jan. 1, 2023, under an automatic inflation trigger built into state law…
more ...Canada Looks to Fill Global Energy Gap With Renewables, Fossil Fuels
Canadian energy experts see the global spike in oil prices – exacerbated by the war in Ukraine – as a two-edged sword, spurring a rush to develop renewable energy sources…
more ...Biden Pledges Help to US Farmers to Offset Ukraine Crop Crisis
Calling US farms the ‘breadbasket of democracy,’ president vows to do more to offset food supply issues amid Russian invasion …
more ...US Casinos Had Best Month Ever in March, Winning $5.3 Billion
Though inflation may be soaring, supply chains remain snarled, and the coronavirus won’t go away, America’s casinos are humming right along, recording the best month in their history in March.…
more ...Uzbek Cotton Industry Greets End of 13-Year Global Boycott
Uzbek cotton farmers are celebrating the lifting of a 13-year-old international boycott of their product following a finding that the cautiously reform-minded government is no longer using organized forced labor…
more ...Biden Pledges Help to US Farmers Offset Ukraine Crop Crisis
President Joe Biden on Wednesday hailed American farmers as the “backbone of freedom,” pledging hundreds of millions of dollars’ worth of support and calling on them to offset a global…
more ...US Interested in Africa Mining Investments, says American Official
A top U.S. energy official says Russia’s war on Ukraine has driven home the need to diversify supply chains, and that Africa can benefit from this. Jose Fernandez made the…
more ...Experts Weigh On Fate Of Russian Ruble
In any country, the currency exchange rate is an indicator of stability and the economy’s strength. With unprecedented sanctions being imposed on Russia, many economists are closely watching the ruble. Anna Rice…
more ...US Consumer Prices Slow in April; Inflation Still High
U.S. consumer price growth slowed sharply in April as gasoline prices eased off record highs, suggesting that inflation has probably peaked, though it is likely to stay hot for a…
more ...As Midterms Loom, Biden Says Fighting Inflation ‘Top Priority’
US president presents plan to counter inflation, criticizes Republican opponents’ plan as ‘backwards’ …
more ...Lisa Cook Becomes First Black Woman on Federal Reserve’s Board
The Senate confirmed economist Lisa Cook on Tuesday to serve on the Federal Reserve’s board of governors, making her the first Black woman to do so in the institution’s 108-year…
more ...Wall Street’s Losses Worsen as Markets Tumble Worldwide
Wall Street is tumbling toward its lowest point in more than a year on Monday as renewed worries about China’s economy pile on top of markets already battered by rising…
more ...Impact of Russia’s Invasion on Ukraine’s Farming Capacity
Ukrainian officials say farmland used for planting spring crops could more than halved this year because of the war. …
more ...Retired Boeing 737 Turned Hotel Permits Flights of Fantasy
When you think about places to get some rest, airplanes don’t normally come to mind. Aerotel is trying to change all that. Romain Chanson reports for VOA from northern South…
more ...Russian Blockade of Ukrainian Sea Ports Sends Food Prices Soaring
The U.N. Food and Agriculture Organization (FAO) says global food prices stabilized last month at a very high level but were slightly lower than in March, which saw the highest…
more ...Europe’s Farmers Stir Up Biogas to Offset Russian Energy
In lush fields southwest of Paris, farmers are joining Europe’s fight to free itself from Russian gas. They’ll soon turn on the tap of a new facility where crops and…
more ...Why Is Afghanistan’s Economy Collapsing?
A UN report recently warned 97% of Afghanistan’s population could sink below the poverty line. …
more ...US Added 428,000 Jobs in April Despite Surging Inflation
America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing…
more ...As US Federal Reserve Raises Rates, Emerging Markets Brace for Impact
Experts warn that the Federal Reserve’s efforts to tamp down inflation in the United States could have damaging effects, perhaps lasting several years, on developing economies around the world by…
more ...Asian Markets Tumble on Wall Street Rout, Pound Slumps
Asian equities tumbled Friday following a rout on Wall Street fueled by worries over rising interest rates and surging inflation, while the pound extended losses the day after taking a…
more ...Stocks Slump 3% as Worries Grow Over Higher Interest Rates
A sharp sell-off left the Dow Jones Industrial Average more than 1,000 points lower Thursday, wiping out the gains from Wall Street’s biggest rally in two years, as worries grow…
more ...US Central Bank Boosts Key Interest Rate by Half Percentage Point
The U.S. central bank, the Federal Reserve, raised its benchmark interest rate by a half percentage point on Wednesday and scaled back its support for the American economy, a pointed…
more ...Oil, Gas Shipments Drive Suez Canal Record-High Revenues
The head of Egypt’s Suez Canal Authority says the canal received record high revenues of more than $620 million dollars during April. Analysts say that’s partly due to Persian Gulf…
more ...Southeast Asian Fruit Industry Feels Squeeze of China’s Zero-COVID Policy
The pandemic and China’s zero-COVID-19 policy has caused ripple effects throughout the global supply chain. The fruit industry in Southeast Asia has been feeling the impact. VOA’s video journalists talked…
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