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Category: Economy and business

Economy and business news. The economy encompasses the entirety of activities related to the production, distribution, and consumption of goods and services within a particular region or country

India, EU, pledge to push free trade agreement, elevate strategic ties  

02/28/2025 Ranbiz

New Delhi  — India and the European Union agreed to wrap up a free trade deal by the end of this year, the two sides announced Friday following talks in the…

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As tariffs expand, focus also on workarounds for Chinese goods

02/27/2025 Ranbiz

WASHINGTON — As U.S. President Donald Trump moves forward with an expanding net of tariffs, including an additional 10% for Chinese imports starting next week, industry insiders and experts say closing…

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EU will ask India to cut tariffs on cars, wine to boost ties, reduce reliance on China 

02/26/2025 Ranbiz

NEW DELHI — The European Union plans to urge India to lower its high tariffs on cars and wine to boost trade, as it seeks to reduce its reliance on China,…

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US consumer confidence drops sharply, survey shows

02/25/2025 Ranbiz

U.S. consumer confidence plunged in February in its biggest monthly decline in more than four years, a business research group said Tuesday. The Conference Board said its consumer confidence index…

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Federal funding freeze impacts vital agriculture sector in Wisconsin

02/24/2025 Ranbiz

Ongoing freezes in federal funding are impacting the U.S. agricultural industry. VOA’s Kane Farabaugh has more from the Midwestern state of Wisconsin. …

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US Treasury’s Bessent, China’s He trade economic complaints in call

02/21/2025 Ranbiz

WASHINGTON — U.S. Treasury Secretary Scott Bessent traded policy complaints with Chinese Vice Premier He Lifeng on Friday, with Bessent telling Beijing to do more to curb fentanyl trafficking and rebalance…

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South Korea requests exclusion from US plan to increase tariffs

02/21/2025 Ranbiz

SEOUL, SOUTH KOREA — South Korean officials have asked the Trump administration to exclude their country from U.S. plans to impose aggressive tariffs on trade partners, emphasizing that Seoul is already…

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US small businesses brace for effects of higher steel, aluminum tariffs

02/21/2025 Ranbiz

U.S. small businesses are waiting to feel the effects of President Donald Trump’s executive order imposing a 25% tariff on imported steel and aluminum. Michelle Quinn reports. …

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China says it’s ‘doing its best’ to push for tariff negotiations with EU

02/20/2025 Ranbiz

BEIJING — China has been “doing its best” to push for negotiations with the European Union over its tariffs on Chinese-made electric vehicles, a commerce ministry spokesperson said on Thursday, almost…

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Solar refrigerators in Kenya reduce food waste

02/19/2025 Ranbiz

NAIROBI, KENYA — Milk and egg vendor Caroline Mukundi has lost a lot of her stock in her years of selling fresh food at a Nairobi market. Mukundi said she had…

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Global benchmarks trade mixed as investors continue to eye Trump

02/17/2025 Ranbiz

Tokyo — Global shares traded mixed on Monday as investors continued to watch economic data and policy moves from U.S. President Donald Trump, as both are likely to impact upcoming central…

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Breakfast is booming at US restaurants. Is it also contributing to high egg prices?

02/16/2025 Ranbiz

It’s a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem. Breakfast is booming at U.S.…

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China’s fuel demand may have passed its peak, IEA says

02/13/2025 Ranbiz

London — China’s demand for road and air transport fuels may have passed its peak, the International Energy Agency (IEA) said Thursday, citing data showing that the country’s consumption of gasoline,…

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Trump pushes for lower interest rates alongside reciprocal tariffs

02/12/2025 Ranbiz

WASHINGTON — As his trade advisers finalized plans to enact reciprocal measures on every country that charges duties on U.S. imports, President Donald Trump announced Wednesday he will push for lower…

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Zimbabwe to pay displaced, foreign white farmers

02/12/2025 Ranbiz

HARARE, ZIMBABWE — Zimbabwe’s government said Wednesday it will compensate foreign investors who lost assets in the country’s controversial land reforms in the early 2000s but were protected by bilateral investment…

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American EV makers adjust to possible end of federal tax credit

02/11/2025 Ranbiz

The latest offerings for electric vehicles take center stage at the 2025 Chicago Auto Show as some federal tax incentives could end. VOA’s Kane Farabaugh has more. …

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As tariffs take effect, Beijing and Washington look back to 2020 deal

02/11/2025 Ranbiz

New Chinese tariffs on a range of U.S. goods went into effect Monday, following U.S. President Donald Trump’s decision to impose a 10% tariff on Chinese products last week. Tariffs…

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Trump signs executive orders on steel, aluminum tariffs

02/10/2025 Ranbiz

Washington — President Donald Trump moved to substantially raise tariffs on steel and aluminum imports on Monday, canceling exemptions and duty-free quotas for major suppliers Canada, Mexico, Brazil and other countries…

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Trump to announce 25% steel, aluminum tariffs in latest trade escalation

02/09/2025 Ranbiz

ABOARD AIR FORCE ONE — U.S. President Donald Trump said Sunday that he will announce on Monday new 25% tariffs on all steel and aluminum imports into the U.S., which would…

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Soaring egg prices in US pique interest in backyard chickens

02/09/2025 Ranbiz

NEW YORK — Thinking about backyard chickens as egg prices soar? Think hard, especially in light of the bird flu outbreak. Keeping home chickens as a pastime has continued to grow…

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Baltic states switch to European power grid, ending Russia ties 

02/09/2025 Ranbiz

VILNIUS — Estonia, Latvia and Lithuania said on Sunday they had successfully synchronized their electricity systems to the European continental power grid, one day after severing decades-old energy ties to Russia…

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US stocks slide amid inflation, tariff worries

02/07/2025 Ranbiz

NEW YORK — U.S. stocks slumped Friday amid worries about higher inflation and tariffs, while a closely watched report gave a mixed picture of the U.S. job market.  The S&P 500…

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US Postal Service briefly suspends inbound packages from China

02/06/2025 Ranbiz

washington — The U.S. Postal Service announced Tuesday that it was suspending acceptance of inbound packages from China and Hong Kong, then reversed that decision Wednesday. The postal service “will continue…

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US Postal Service to accept inbound parcels from China, Hong Kong after suspension

02/05/2025 Ranbiz

HONG KONG/SEOUL/SHANGHAI — The U.S. Postal Service said on Wednesday it would accept parcels from China and Hong Kong, in a U-turn after a suspension following President Donald Trump ending a…

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Trump, Xi to discuss tariffs imposed on each other’s exports

02/04/2025 Ranbiz

U.S. President Donald Trump and Chinese leader Xi Jinping are set soon to hold a high-stakes phone call on the tit-for-tat tariffs each has imposed on the other country’s exports.…

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Botswana, De Beers reach diamond sales agreement after years of negotiations

02/03/2025 Ranbiz

Gaborone, Botswana — The government of Botswana and South African diamond firm De Beers say they have reached a new, 10-year sales agreement following talks that had dragged on since 2019.…

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