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…
more ...Argentina Court Suspends Milei’s Labor Reforms
BUENOS AIRES, ARGENTINA — Argentine judges on Wednesday suspended labor law changes that form part of a decree of sweeping economic reforms and deregulation announced by the country’s new libertarian president,…
more ...Global Shipping Firms Continue to Pause Red Sea Shipments
OSLO, NORWAY — Denmark’s Maersk and German rival Hapag-Lloyd said on Tuesday their container ships would continue to avoid the Red Sea route that gives access to the Suez Canal following…
more ...President Hopeful Zimbabwe Economy Will Turn Around in 2024
Harare — President Emmerson Mnangagwa has predicted Zimbabwe’s moribund economy will turn around this year following the recent discovery of oil and gas near the country’s border with Mozambique and Zambia…
more ...The Empire State Rings in New Year With Pay Bump for Minimum-Wage Workers
ALBANY, N.Y. — New York’s minimum-wage workers had more than just the new year to celebrate Monday, with a pay bump kicking in as the clock ticked over to 2024. In…
more ...Tanzania Bans Soybean Imports from Malawi
BLANTYRE, MALAWI — Tanzania has banned imports of soybeans from Malawi to protect its agricultural sector from the presence of the tobacco ringspot virus in that neighboring country. The Tanzania Plant…
more ...China’s Residential Property Sector Filled With Livid Buyers of Unfinished Units
Taipei, Taiwan — A growing number of home buyers in China have seen their dream of moving into new homes dashed in the past year after a slew of bankrupt developers…
more ...Can Maui Get Tourists Without Compounding Wildfire Trauma?
LAHAINA, Hawaii — The restaurant where Katie Austin was a server burned in the wildfire that devastated Hawaii’s historic town of Lahaina this summer. Two months later, as travelers began to…
more ...Red Sea Shipping Workarounds Add Costs, Delays for Suppliers, Retailers
LOS ANGELES — Toymaker Basic Fun’s team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart WMT.N and other retailers is racing to reroute cargo away from the…
more ...Vietnam Wary of China’s ‘Swift, Large-Scale’ Investment
WASHINGTON — An influx of Chinese investors in Vietnamese supporting industries could cause domestic businesses to suffer from the competition, the president of the Vietnam Association for Supporting Industries warned. Phan…
more ...Argentines Protest Milei’s Economic Reforms
BUENOS AIRES, ARGENTINA — Thousands of Argentines took to the streets of Buenos Aires on Wednesday to protest a decree of sweeping economic reform and deregulation proposed by President Javier Milei.…
more ...Holiday Spending Up in US, Despite Financial Anxiety, Higher Costs
New York — Holiday sales rose this year and spending remained resilient during the shopping season even with Americans wrestling with higher prices in some areas and other financial worries, according…
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