The holiday tree is towering over the main square in this central German city, the chestnuts and sugared almonds are roasted, and kids are clambering aboard the merry-go-round just like…
more ...As Gas Prices Spike, Americans Give Electric Cars a Closer Look
Persistently high prices for gasoline are frustrating many Americans and causing a political headache for the administration of President Joe Biden, but they also might be accelerating the process of…
more ...Canada ‘Extremely Disappointed’ That US to Raise Softwood Lumber Duty
The United States has decided to almost double the duties on Canadian softwood lumber from most producers to 17.9%, Canadian Trade Minister Mary Ng said on Wednesday, adding that Canada…
more ...US Jobless Benefit Claims Drop to 52-year Low
First-time claims for U.S. unemployment compensation dropped sharply last week to a 52-year low, easily falling below the figure recorded at the start of the coronavirus pandemic that has played…
more ...Americans Prepare for Holidays as Inflation Squeezes Wallets
Tawanda Carter is a school librarian in New Orleans, Louisiana. She said preparing for the holidays has presented a unique set of challenges this year, a sentiment shared by millions…
more ...Will Modi’s Backtracking on Farm Laws Appease Indian Farmers?
Indian farmers have welcomed Prime Minister Modi’s decision to repeal three controversial farm laws that had led to the longest and largest protest against his government. However, as Anjana Pasricha…
more ...State Department Official Discusses Chip Shortage, Taiwan Talks, 5G ‘Trusted Network’
A senior U.S. State Department official said the United States is not asking the world’s top chipmakers to provide “trade secrets” in response to a request for supply chain information…
more ...Biden Seeks to Ease High Prices of Gas, Goods
As Americans face high prices in stores and at the gas pump, President Joe Biden says he is taking key steps to lower gas prices by opening up strategic reserves…
more ...US Announces Release of 50 Million Barrels from Oil Reserves
The White House announced Tuesday a coordinated release of millions of barrels of oil from strategic reserves in multiple countries to bring down energy costs. The U.S. Department of Energy will make…
more ...Holiday Shopping Season Hit by Pandemic, Supply Chain Woes, Inflation
This holiday season promises to be an extraordinary one. Experts say supply chain issues, the pandemic, inflation and online sales will impact holiday shopping. Maxim Moskalkov has the story. VOA…
more ...Biden Reappoints Jerome Powell as Federal Reserve Chair
U.S. President Joe Biden on Monday reappointed Jerome Powell to a second term as chair of the country’s central bank, the Federal Reserve, saying that Powell has played a pivotal…
more ...Kenyan Ride-Hailing Platform Set to Add Electric Bicycles
A Kenyan ride-hailing company has introduced electric bicycle rentals for the first time in the capital, where air pollution and motor vehicle traffic are problems. Lenny Ruvaga reports from Nairobi.…
more ...Trucker Shortage Fuels Enrollment Surge at California School
On a recent afternoon, Tina Singh watched nearly a dozen students at a suburban Los Angeles truck-driving school backing up their practice vehicles into parking spaces. Many had never operated…
more ...Budget ‘Score’ Gave Moderate Democrats the Cover Needed to Pass Biden’s Signature Bill
President Joe Biden’s signature Build Back Better package of climate and social spending passed the House of Representatives on Friday morning, 220-213, less than 24 hours after the Congressional Budget…
more ...World Central Banks Under Fire as Cost of Living Surges
For weeks, governments and policymakers across the world have been suggesting the recent spikes in consumer and energy prices are transitory and rising inflation will ease, once pandemic-related chain-supply disruptions…
more ...A More Connected Global Economy Is a Double-Edged Sword, Says WTO
In its annual report on the status of global trade, the World Trade Organization finds that the increasing interconnectedness of the world’s economies is a double-edged sword. While this globalization…
more ...Bonds, Stocks, Economy: How China’s Property Woes Are Spilling Overseas
Marco Metzler of Switzerland gets 2,000 new followers a day on LinkedIn, all watching to see what will happen to his money. Metzler invested $50,000 last month in the offshore bonds of…
more ...For Millions in Brazil, Rising Poverty and Fuel Prices Mean a Return to the Past
María Ribeiro da Silva, 64, spent a hot afternoon hawking a new contraption to acquaintances and friends who passed by her small grocery store on the outskirts of São Paulo,…
more ...Biden Promotes Sale of Electric Vehicles
U.S. President Joe Biden is headed Wednesday to the country’s auto-manufacturing hub in Detroit, Michigan, to promote the sale of all-electric vehicles in the future even as motorists are facing…
more ...COVID-19 Surge, Inflation Fears Overshadow Europe’s Economic Rebound
The World Health Organization says Europe is once again the epicenter of the pandemic. As Henry Ridgwell reports, the latest wave of infections is casting a shadow over recent signs…
more ...Yellen Extends Date for Potential Debt Default to December 15
Treasury Secretary Janet Yellen told Congress Tuesday that she believed she would run out of maneuvering room to avoid the nation’s first-ever default soon after December 15. In a letter…
more ...US Congress Restarts Push for China Legislation by Year’s End
Lawmakers on Capitol Hill are renewing a push to pass legislation that would boost U.S. competition with China, amid rising concerns about the global supply chain. Senate Majority Leader Chuck…
more ...US Retail Sales Surged in October
U.S. retail sales surged in October, the Commerce Department reported Tuesday, in a signal that at least at the start of the annual holiday shopping season, consumers were not scared…
more ...Inflation Worries Endanger Biden’s Build Back Better Agenda
Rising inflation in the U.S. may be putting the brakes on Democrats’ effort to push President Joe Biden’s signature package of climate and social spending measures through Congress before the…
more ...Chinese Demand for Coal Surges, But Australia Remains Frozen Out
China’s output of coal increased to its highest level since at least March 2015 after authorities gave permission for mine expansions to boost supply and ease record prices. Chinese coal…
more ...Concerns About Rising Consumer Prices Add Pressure to Biden’s Economic Agenda
Prices have gone up for a number of consumer products in the United States. President Joe Biden, whose poll numbers are slipping over concerns about how he is handling the economy, is pushing for the…
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