U.S. President Joe Biden is hosting a ceremony Monday at the White House where he will sign a bipartisan $1 trillion infrastructure bill that earned final passage in Congress after months of negotiations. The…
more ...White House Acknowledges Inflation Impact on US Consumers
The top White House economic adviser on Sunday acknowledged the pain for Americans of sharply rising consumer prices, saying that President Joe Biden remains open to the possibility of tapping…
more ...Black Homebuyers Underrepresented in US Real Estate Boom
The Covid-19 pandemic has changed the nature of homebuying in the United States, but one constant is that Black Americans do not have the same access to a home of…
more ...Experts Caution Australia on Linking China, Taiwan Trade Pact to Other Issues
Although Australia seems likely to back Taiwan’s, rather than China’s bid, to join a major pan-Pacific trade bloc, Canberra must focus solely on their qualifications rather than link its decision…
more ...Inflation Spike May Sway Biden’s Choice for Next Federal Reserve Chair
President Joe Biden and his advisers appear to be nearing a decision on whether to reappoint Federal Reserve Board Chair Jerome Powell when his term ends in February. But public…
more ...Climate Change Rocks Agricultural Commodity Market
Agricultural commodities such as coffee, cotton and wheat faced sharp price swings this year as output was hit by extreme weather sparked partly by climate change. According to analysts, volatile…
more ...Americans Give Bosses Same Message in Record Numbers: I Quit
Americans quit their jobs at a record pace for the second straight month in September, in many cases for more money elsewhere as companies bump up pay to fill job…
more ...Biden, Xi Support APEC Declaration Ahead of US-China Summit
U.S. President Joe Biden, Chinese President Xi Jinping and leaders of the Asia-Pacific Economic Cooperation member economies concluded their virtual APEC Leaders’ Meeting on Friday, agreeing on a series of…
more ...Germany’s Presumptive Next Leader Forecasts Improved Financial Picture
German Finance Minister and Vice Chancellor Olaf Scholz, the presumptive leader of the next government, presented an updated financial forecast Thursday indicating increased revenues for future government projects. At a news conference…
more ...Brussels Cuts Growth Forecast as Spanish Economy Lags Behind Neighbors
The European Commission lowered its forecast for Spanish growth this year as the country’s recovery from the COVID-19 pandemic lagged behind other European nations. The commission said Thursday it estimates…
more ...Afghanistan ‘At Brink of Economic Collapse,’ Warns Pakistan
Afghanistan is “at the brink of economic collapse” and the international community must urgently resume funding and provide humanitarian assistance, Pakistan’s foreign minister warned Thursday as U.S., Chinese, Russian and…
more ...China’s ‘Single’s Day’ Shopping Fest Subdued by Tech Crackdown
China on Thursday held a subdued version of its annual “Single’s Day” shopping spree, shorn of the usual boasting on sales volume as the country’s chastened e-commerce sector reels under…
more ...US Food Banks Struggle to Feed Hungry Amid Surging Prices
U.S. food banks already dealing with increased demand from families sidelined by the pandemic now face a new challenge — surging food prices and supply chain issues walloping the nation. …
more ...Federal Reserve Warns of Turmoil in Chinese Real Estate Sector
The Federal Reserve is warning that spillover effects from a worsening debt crisis in the Chinese real estate sector could roil global financial markets and damage economic growth, including that…
more ...Latest Exit From Fed’s Board Gives Biden Three Slots to Fill
Randal Quarles announced Monday that he will resign from the Federal Reserve’s Board of Governors at the end of the year after completing a four-year term as its top bank…
more ...Young Compete Against Old in Hottest US Rental Market in a Decade
Renting an apartment can be a challenge for new college graduates who are facing the hottest U.S. rental market in a decade, along with some unexpected competition from millennials —…
more ...Musk Asks Twitter if He Should Sell 10% of His Tesla Stock
Tesla Chief Executive Elon Musk on Saturday asked his 62.5 million followers on Twitter if he should sell 10% of his Tesla stock. “Much is made lately of unrealized gains…
more ...Restoring Mexico’s Mangroves Can Shield Shores, Store Carbon
When a rotten egg smell rises from the mangrove swamps of southeast Mexico, something is going well. It means that this key coastal habitat for blunting hurricane impacts has recovered…
more ...US Economy Adds 531,000 Jobs in October
The U.S. economy created 531,000 jobs in October, more than the 450,000 economists had forecast, according to the U.S. Department of Labor. The unemployment rate also dropped slightly from 4.8%…
more ...UN: Food Prices Continue Upward Trend
The United Nations Food and Agriculture Organization has reported its Food Price Index, which tracks the international prices of a basket of food, found that in October, the cost of a basket of food was up 3% from September.…
more ...Why US Consumers Pay Such High Prices for Prescription Drugs
Congressional Democrats this week proposed an addition to U.S. President Joe Biden’s climate and social spending legislation that would allow Medicare, the federal government’s health care program for older Americans,…
more ...Manufacturing Moon Ships and NASA Warns of Climate Catastrophe
An Earth-flight giant contributes to NASA’s upcoming moon missions. Plus, words from the next crew to visit the International Space Station and grim news from NASA about the future of…
more ...UK Gears Up to Produce Rare Earth Magnets, Cut Reliance on China
Britain could revive domestic production of super strong magnets used in electric vehicles and wind turbines with government support, to cut its reliance on China and achieve vital cuts in…
more ...Thailand Reopens Borders for Tourists, Caution Still Remains
Thailand opened its borders to vaccinated visitors for the first time in 18 months this week, as the country struggles to boost an economy still languishing due to the pandemic.…
more ...Ecuador Balances Relationship with China, Protection of Marine Reserve
Maintaining the unique environment of the Galápagos Islands and protecting the surrounding marine resources is testing Ecuador. China’s industrial fishing fleet threatens the islands, but China is a key trading partner. Jaime…
more ...US Sues Penguin Random House Over Plans to Acquire Simon & Schuster
The U.S. Justice Department is seeking to block Penguin Random House, the world’s largest publisher, from acquiring rival publisher Simon & Schuster, the fourth largest in the United States. An…
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