America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing…
more ...As US Federal Reserve Raises Rates, Emerging Markets Brace for Impact
Experts warn that the Federal Reserve’s efforts to tamp down inflation in the United States could have damaging effects, perhaps lasting several years, on developing economies around the world by…
more ...Asian Markets Tumble on Wall Street Rout, Pound Slumps
Asian equities tumbled Friday following a rout on Wall Street fueled by worries over rising interest rates and surging inflation, while the pound extended losses the day after taking a…
more ...Stocks Slump 3% as Worries Grow Over Higher Interest Rates
A sharp sell-off left the Dow Jones Industrial Average more than 1,000 points lower Thursday, wiping out the gains from Wall Street’s biggest rally in two years, as worries grow…
more ...Musk Gets $7B Backing for Twitter Bid From Tech Heavyweights
Billionaire Elon Musk has strengthened the equity stake of his offer to buy Twitter with commitments of more than $7 billion from a range of investors, including Silicon Valley heavy…
more ...US Central Bank Boosts Key Interest Rate by Half Percentage Point
The U.S. central bank, the Federal Reserve, raised its benchmark interest rate by a half percentage point on Wednesday and scaled back its support for the American economy, a pointed…
more ...Automakers, Appliance Manufacturers Struggle to Find Computer Chips Amid Shortage
Cars stuck on the assembly line. Delays in the delivery of dishwashers, refrigerators and game consoles. Consumers and businesses are feeling the pinch of the semiconductor shortage. The war in…
more ...Oil, Gas Shipments Drive Suez Canal Record-High Revenues
The head of Egypt’s Suez Canal Authority says the canal received record high revenues of more than $620 million dollars during April. Analysts say that’s partly due to Persian Gulf…
more ...Technology Helps Find One of the World’s Most Sought-After Shipwrecks
Satellite imagery and underwater robotics are among the technologies that played a crucial role in the recent discovery of the Endurance, renowned explorer Ernest Shackleton’s ship that sank in frozen…
more ...US Company Produces Drones for Ukrainian Armed Forces
BRINC, a company based in Seattle, Washington, is producing special drones to assist Ukraine’s armed forces. The drones are used in search and rescue missions and can provide eyes in places where…
more ...EU Says Apple Pay May Violate EU Antitrust Laws
The European Union on Monday accused Apple of abusing its dominant Apple Pay market position to prevent other companies from competing in contactless payment technologies. “Apple has built a closed…
more ...Southeast Asian Fruit Industry Feels Squeeze of China’s Zero-COVID Policy
The pandemic and China’s zero-COVID-19 policy has caused ripple effects throughout the global supply chain. The fruit industry in Southeast Asia has been feeling the impact. VOA’s video journalists talked…
more ...China COVID Hard Line Eats Into Everything From Teslas to Tacos
When Tesla’s Shanghai plant and other auto factories were shut over the last two months by emergency measures to control China’s biggest COVID-19 outbreak, the burning question was how quickly…
more ...Germany: Quitting Russian Oil by Late Summer Is ‘Realistic’
Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of Russian crude oil imports by late summer. Economy and Climate Minister…
more ...Germany Slashes Energy Reliance on Russia
Germany said Sunday it has made progress in sharply reducing its reliance on Russian energy, a strategic shift Europe’s biggest economy has embarked on since Russia invaded Ukraine. Russian supplies…
more ...Buffett Details Spending Spree, Takes Jab at Wall Street
Billionaire finance guru Warren Buffett, who complained recently that he did not know where to put his money, said Saturday he has invested billions of dollars so far this year,…
more ...Despite Payment, Investors Brace for Russia to Default
Prices for Russian credit default swaps — insurance contracts that protect an investor against a default — plunged sharply overnight after Moscow used its precious foreign currency reserves to make…
more ...Nepal Second South Asian Country to Grapple with Economic Woes
Nepal has banned imports of cars, alcohol and other luxury goods to conserve foreign exchange reserves as spiraling prices of fuel and food imports stemming from the war in Ukraine…
more ...Foreign Businesses Consider Leaving China Amid Lockdowns
Chris Mei has been stuck in his Shanghai flat for a month save for PCR testing and occasional volunteer work delivering food to neighbors. That will change in a couple…
more ...Tech Stocks Sink Again; Nasdaq Has Worst Month Since 2008
The Dow Jones Industrial Average slumped more than 900 points Friday as another sharp sell-off led by technology added to Wall Street’s losses in April, leaving the S&P 500 with…
more ...Amazon Stock Falls After Company Reports First Quarterly Loss in 7 Years
Amazon share prices fell 11% Friday after the massive online retailer posted its first quarterly loss in seven years. Amazon lost $3.84 billion during the first quarter of this year…
more ...Zelenskyy’s Invite to G20 Not Enough for Biden
Indonesian President Joko Widodo, who holds this year’s Group of 20 (G-20) presidency, announced Friday that he has invited Ukrainian President Volodymyr Zelenskyy to the economic forum’s November summit in…
more ...Russia Makes Last-Gasp Dollar Bond Payments in Bid to Avoid Default
Russia made what appeared to be a late u-turn to avoid a default on Friday, as it made a number of already-overdue international debt payments in dollars despite previously vowing…
more ...Google Adds Ways to Keep Personal Info Private in Searches
Google has expanded options for keeping personal information private from online searches. The company said Friday it will let people request that more types of content such as personal contact…
more ...New Kenyan Fish Marketing App Aims to Reduce Sexual Exploitation of Women Fishmongers
An application developed in Kenya to improve the marketing of fish caught in Lake Victoria is helping women fishmongers fend off sex-for-fish exploitation by fishermen. The Aquarech app allows traders…
more ...Iftar Is More Expensive Everywhere This Year. Here’s Why.
However Muslims break their fast this Ramadan, they’re probably paying more for it than last year. Some of the reasons are the same everywhere. Shockwaves from the war in Ukraine,…
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