With transportation costs tripling in the past year, Mozambican wholesalers are sending bananas to market by bicycle instead of truck, aiming to reduce spending on fuel. From Manica province in…
more ...‘Silicon Lifeline’: Report Reveals Western Technology Guiding Russia’s Weapons in Ukraine
Microelectronics produced in the United States and allied countries are crucial components of Russian weapons systems used in the Ukraine invasion, according to a report by Britain’s Royal United Services…
more ...US Boosting Domestic Solar Industry, Reducing Reliance on China
China’s global dominance in the solar industry is a supply chain and national security risk, according to some industry observers, and one of the reasons that the United States has…
more ...India’s Vast Rural Areas Plug into Digital Economy
In India, an initiative to bring internet access across the country has helped millions plug into new digital technologies. One of them is a payments system that is transforming the…
more ...Nigeria’s Inflation Hits 17-Year High as Food Prices Soar
Nigerian authorities say the country’s inflation rate jumped to nearly 20% in July, compared to last year, the highest in nearly two decades. Consumers in Africa’s biggest economy are struggling…
more ...Amid Energy Crisis, EU Plans to Help Gas-Rich Mozambique Boost Security
The European Union is planning a five-fold increase in financial support to an African military mission in Mozambique, an internal EU document shows, as Islamist attacks threaten gas projects meant…
more ...Saudi Aramco Profit Soars on Higher Prices and Refining Margins
State oil giant Saudi Aramco reported a soaring 90% rise in second-quarter profit on Sunday, beating analyst expectations and propelled by higher oil prices, volumes sold and refining margins. The…
more ...‘Now Hiring’: US Employers Struggle to Find Enough Workers
Salespeople, food servers, postal workers — “Help Wanted” ads are proliferating across the United States, as companies struggle to deal with a worker shortage caused by the pandemic, a rash…
more ...US Gas Prices Lowest in 5 Months
Gasoline prices have dipped to their lowest in more than five months — good news for consumers who are struggling with high prices for many other essentials. AAA said the…
more ...Ukraine Cyber Chief Visits ‘Black Hat’ Hacker Meeting in Las Vegas
Ukraine’s top cyber official addressed a room full of security experts at a hackers convention following a two-day trip from Kyiv to a casino in Las Vegas. During his unannounced…
more ...COVID-19 Wreaks Havoc on Youth Employment
The International Labor Organization says the COVID-19 pandemic has wreaked havoc on the youth labor market. The ILO’s just released “Global Employment Trends for 2022” report finds job prospects for…
more ...At 75, India Seeks Way Forward in Big but Job-Scarce Economy
As India’s economy grew, the hum of factories turned the sleepy, dusty village of Manesar into a booming industrial hub, cranking out everything from cars and sinks to smartphones and…
more ...In Solomon Islands, Some Wary of Beijing-backed Construction
On the main street of Honiara, capital of the Solomon Islands, the Chinese presence is noticeable — some people on the street, some characters on the signs and at almost…
more ...Facebook Use Plunges Among US Teens, Survey Finds
U.S. teens have left Facebook in droves over the past seven years, preferring to spend time at video-sharing venues YouTube and TikTok, according to a Pew Research Center survey data…
more ...Race for Semiconductors Influences Taiwan Conflict
China has blocked many of Taiwan’s exports in retaliation for U.S. House Speaker Nancy Pelosi’s visit to Taiwan on August 2, but certain goods including semiconductors and high-tech products have…
more ...US Inflation Slips From 40-Year Peak but Remains High 8.5%
Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from the four-decade high it…
more ...Biden Signs Semiconductor Bill Boosting US Competitiveness
U.S. President Joe Biden has signed the CHIPS and Science Act, which aims to boost U.S. competitiveness against China by allocating billions of dollars toward domestic semiconductor manufacturing and scientific…
more ...Australia to Permit Offshore Wind Farms
Offshore wind farms are to be permitted for the first time in Australia. The Climate Change Minister Chris Bowen has declared part of the Victoria coast an offshore wind zone…
more ...US Senate Approves Inflation Reduction Act of 2022
The evenly split U.S. Senate has passed the Inflation Reduction Act of 2022. With Vice President Kamala Harris casting the tiebreaking vote and all Democrats seemingly on board, lawmakers worked…
more ...US Senate Democrats Poised to Approve Climate, Tax Legislation
U.S. Senate Democrats, over uniform Republican opposition, are poised Sunday to approve sweeping legislation to combat climate change, trim health care costs and raise taxes on highly profitable corporations. The…
more ...US Senate Preps for Landmark Climate Legislation
Congressional Democrats appear to be on the cusp of passing legislation that would dedicate $369 billion to combat climate change through a combination of grants, tax cuts, subsidies and other…
more ...US Employers Added 528,000 Jobs; Unemployment Falls to 3.5%
Defying anxiety about a possible recession and raging inflation, America’s employers added a stunning 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession. Unemployment fell to…
more ...Democrats Say They’ve Reached Agreement on US Economic Package
Senate Democrats have reached an accord on eleventh-hour changes to their top-priority economic legislation, they announced late Thursday, clearing their major hurdle to moving the measure through the chamber in…
more ...Biden Pushes Inflation Reduction Act, Amid Divided Opinion
The Biden administration on Thursday pushed Congress to pass its proposed $260 billion Inflation Reduction Act, which the White House says will “lower costs, reduce inflation, and address a range…
more ...As Food Prices Skyrocket, US Food Lines Get Longer
From Phoenix, Arizona, in the southwest United States, to Jackson, Mississippi, in the southeast U.S., people are waiting in long lines in their vehicles to receive food assistance from food…
more ...Chinese Subsidiary of British Investment Bank Now Includes Communist Party Committee
British bank and financial services giant HSBC, a longtime presence in East Asia, has become the first foreign lender to install a Chinese Communist Party committee in its investment banking…
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