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more ...Tanker Ship Reports Missile Fire in Red Sea Near Yemen
UNITED NATIONS — A commercial vessel operating in the Red Sea Friday reported that two missiles exploded in the water near its position as it sailed near Yemen, but caused no…
more ...US Economy Grew at Surprisingly Strong 3.3% Pace Last Quarter
WASHINGTON — The U.S. economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and…
more ...Tribes, Environmental Groups Ask US Court to Block $10B Energy Project in Arizona
ALBUQUERQUE, NEW MEXICO — A federal judge is being asked to issue a stop-work order on a $10 billion transmission line being built through a remote southeastern Arizona valley to carry…
more ...China’s Charm Offensive in Davos to Woo Investors Falls Short, Analysts Say
WASHINGTON — China brought a large delegation to this year’s World Economic Forum in Davos to try to convince the world that the globe’s second-largest economy is still open for business…
more ...Rights Groups Call for Review of Shell’s Operations in Nigeria Amid Exit Plans
Abuja, Nigeria — Human rights group Amnesty International and other advocacy groups raised concerns Tuesday over British oil giant Shell’s sale of its onshore businesses in Nigeria. Shell announced Tuesday it…
more ...Economy, Immigration Weigh on US Voters in Presidential Election Year
The health of the economy often plays a big role in how Americans vote in general elections, including for the next president. This year, there are early signs that other…
more ...In India, Young Graduates Struggle to Land Good Jobs
Although India’s economy is growing at a fast rate, it is still not creating enough employment for its massive young population. The government is wooing global manufacturers to generate more…
more ...Oxfam Report: Growing Inequality Could See World’s First Trillionaire
The world is on course to see its first trillionaire by the end of the decade, according to a report by Oxfam. The charity is warning of a big increase…
more ...IMF Chief Says AI Holds Risks, ‘Tremendous Opportunity’ for Global Economy
Washington — Artificial intelligence poses risks to job security around the world but also offers a “tremendous opportunity” to boost flagging productivity levels and fuel global growth, the IMF chief told…
more ...German Economy Shrank in 2023 on Energy, Export Woes
Frankfurt — The German economy shrank slightly in 2023, official data showed Monday, as costly energy, high interest rates and cooling foreign demand took their toll on Europe’s export giant. Output…
more ...China, Russia Trade Soared In 2023 As Commerce with US Sank
BEIJING — Trade between China and Russia hit a record high in 2023, official data from Beijing showed on Friday, as commerce with the United States fell for the first time…
more ...Dozens of Leaders to Gather in Davos for Annual World Economic Forum
London — More than 60 world leaders will join hundreds of business executives and campaigners at the Swiss ski resort of Davos Monday for the five-day annual meeting of the World…
more ...WEF Davos Summit: Disinformation ‘Biggest Global Risk’ in 2024
More than 60 world leaders will join hundreds of business executives and campaigners at the Swiss ski resort of Davos for the five-day annual meeting of the World Economic Forum,…
more ...Global Unemployment Expected to Rise as Productivity Slumps, Social Inequality Grows: ILO
Geneva — The International Labor Organization warns global unemployment is set to rise this year, putting a brake on the gradual recovery of nations from the dire economic straits brought about…
more ...Taiwanese Farmers Adapt as Cross-Strait Tensions Grow
Taipei, Taiwan — For 61-year-old atemoya farmer Tsou Yun-shing in Taiwan’s Taitung County, the last two years have been a tough time for his business. Since China banned the import of…
more ...New G7 President Italy to Push Africa Partnerships, Not Aid, Meloni Says
ROME — As Italy assumes the rotating presidency of the Group of Seven leading industrial nations, Prime Minister Giorgia Meloni said this week that a focus on developing strategic partnerships with…
more ...War, Weather Put Ocean Shippers on Notice for Rough Seas in 2024
LOS ANGELES, CALIFORNIA — Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop — but it is hardly the only issue that big carriers…
more ...UN Economists Forecast Global Growth to Slow in 2024
NEW YORK — United Nations economists are forecasting low growth globally this year, as recovery from the COVID-19 pandemic remains uneven internationally and wild cards such as climate shocks and geopolitical…
more ...Museveni Slams West After US Removes Uganda From Economic Program
KAMPALA, UGANDA — Days after the United States removed Uganda from an economic assistance program due to human rights concerns, Uganda’s president harshly criticized the West. In a speech Thursday, President…
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