The U.S. Senate took a step toward raising the federal government’s $28.9 trillion debt limit on Thursday when it voted to limit debate on the first of two necessary measures,…
more ...US Unemployment Claims Drop to 184,000, Lowest Since 1969
The number of Americans applying for unemployment benefits plunged last week to the lowest level in 52 years, more evidence that the U.S. job market is recovering from last year’s…
more ...Lebanon’s Dire Economic Crisis Threatens to Steal Christmas
Lebanon’s dire economic crisis is threatening to cancel Christmas for many people. The Lebanese currency has lost more than 93 percent of its value against the dollar over the past…
more ...India’s Economy Rebounds As Pandemic Pain Lingers
India has posted the fastest pace of growth among major economies, raising hopes of a revival in its pandemic-hit economy. But fears of the omicron variant have triggered concerns of…
more ...Congress Reaches Deal to Avoid Defaulting on US Debt
U.S. senators struck a deal Tuesday to create a one-time law allowing Democrats to lift the nation’s borrowing authority and avert a credit default without requiring votes from the opposition…
more ...China Evergrande Braces for Debt Deadline after Doubting Ability to Pay
After lurching from deadline to deadline, China Evergrande Group is again on the brink of default, with pessimistic comments from the property developer raising expectations of direct state involvement and…
more ...Business Owners in Turkey Brace as Lira Drops
The Turkish lira has been hitting new record lows against the U.S. dollar in recent days. That is raising alarm among Turkish businessowners. VOA’s Ezel Sahinkaya has this report, narrated…
more ...US November Job Gains Fall Short of Expectations
U.S. employers added only 210,000 jobs in November, the Labor Department reported Friday, dampening hopes the economy is rebounding from a summer slowdown sparked by the highly contagious delta variant…
more ...China Gives Long-Awaited Approval to Boeing 737 MAX After Crashes
Chinese authorities have approved the Boeing 737 MAX to resume service after making a series of safety adjustments, removing a major uncertainty surrounding the American aviation giant’s comeback after a…
more ...Didi Global Plans to Delist from New York, Seek Listing in Hong Kong
Ride-hailing giant Didi Global said Friday it will delist from the New York Stock Exchange and pursue a listing in Hong Kong, succumbing to pressure from Chinese regulators concerned about…
more ...Experts Say Travel Bans Another Blow to Crippled South African Economy
Sudden travel bans imposed on South Africa in the past week over the omicron variant have dealt a blow to an already struggling economy, experts say. The jobless rate is…
more ...US Jobless Benefit Claims Remain at Low Level
First-time claims for U.S. unemployment compensation remained at a low level last week as employers retained their workers and searched for more as the United States continues its economic recovery…
more ...Myanmar’s Coup Economy Is ‘Boom and Bust’
Myanmar’s economy is crumbling and experts predict more illegal trade and zero growth in 2022. The Southeast Asian country’s economy has been in rapid decline following the chaos of February’s…
more ...Supply Chain Snarls Delay US Exports to Asia’s Consumers
Supply-chain snarls continue to delay imports from Asia. And those delays are mirrored for exporters shipping goods to Asia. Titi Tran reports from Southern California. …
more ...Factories Facing Supply Headaches as Omicron Risks Emerge
Global factory activity accelerated in November although crippling supply bottlenecks remained, putting a cap on output and driving up the cost of raw materials, according to surveys published on Wednesday.…
more ...Tel Aviv Ranked World’s Priciest City for First Time
Tel Aviv is the world’s most expensive city to live in as soaring inflation has pushed up living costs globally, according to a survey published Wednesday. The Israeli city climbed…
more ...Illegal Child Labor Growing After 20-Year Downward Trend, UN Reports
An estimated 16.6 million children in sub-Saharan Africa alone are forced into illegal labor, according to the U.N. And despite being outlawed, advocates say child labor is on the rise.…
more ...Biden Heads to Minnesota to Promote Infrastructure Plan
U.S. President Joe Biden on Tuesday visits a Minnesota technical college to sell Americans on his recently approved $1 trillion infrastructure plan, which the administration says will train millions of…
more ...Cyber Monday Caps Holiday Shopping Weekend as Virus Lingers
Americans are spending freely and going back to store shopping, knocking out some of the momentum in online sales from last year when Americans were making many of their purchases…
more ...Biden Meets with CEOs on Supply Chain Issues
U.S. President Joe Biden met at the White House Monday with chief executives of major retailers to learn about supply chain challenges during the busy holiday season. “The business leaders…
more ...UN: Pandemic to Cost Global Tourism $2.0 Trillion in 2021
The coronavirus pandemic will cost the global tourism sector $2.0 trillion in lost revenue in 2021, the U.N.’s tourism body said Monday, calling the sector’s recovery “fragile” and “slow.” The…
more ...US Shoppers Return for ‘Black Friday,’ But Many Have Already Bought
Americans returned to stores for the “Black Friday” kickoff of the holiday shopping season, but online data shows that consumers have been spending big for weeks amid worries over shortages.…
more ...US Stocks Sink on New COVID Variant; Dow Loses 905 Points
Stocks sank Friday, with the Dow Jones Industrial Average briefly falling more than 1,000 points, as a new coronavirus variant first detected in South Africa appeared to be spreading across…
more ...Global Stocks Tumble, FTSE 100 Suffers Year’s Worst Session on Virus Scare
Britain’s blue-chip share index slumped Friday, suffering its biggest drop in more than a year as fears over a newly detected and possibly vaccine-resistant coronavirus variant gripped stock markets around…
more ...California Oil Spill Still Affecting Huntington Beach Businesses, Commercial Fishing
In early October, a ruptured underwater pipeline spilled crude oil in the waters off the Southern California coast. Almost two months later, life in Huntington Beach is back to normal,…
more ...Stocks, Oil Tumble on Virus Variant Fears, Safe Havens Gain
Global stocks tumbled Friday and oil fell below $80 a barrel after news of a possibly vaccine-resistant coronavirus variant sent investors scurrying to the safety of bonds, the yen and…
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