The war in Ukraine is causing disruptions around the world, from what President Joe Biden terms a “Putin price hike” for American petroleum consumers to an impending global food crisis.…
more ...Tariffs Give US ‘Leverage’ in Talks With China, Top Trade Official Says
U.S. tariffs on Chinese goods offer a key element of leverage over Beijing, something Washington should be reluctant to relinquish, the top American trade official said Wednesday. Progress with China’s…
more ...Southeast Asia, Latin America Set to Gain in Post-Pandemic Supply Chains
From multinational makers of clothing to consumer electronics, companies are reassessing their sources of raw materials, parts and factory assembly because of the pandemic, experts say. That means countries in…
more ...Why Is There a Worldwide Oil-Refining Crunch?
Drivers around the world are feeling pain at the pump with fuel prices soaring, and costs are surging to heat buildings, generate power and operate industries. Prices were elevated before…
more ...Microsoft: Russian Cyber Spying Targets 42 Ukraine Allies
Coinciding with unrelenting cyberattacks against Ukraine, state-backed Russian hackers have engaged in “strategic espionage” against governments, think tanks, businesses and aid groups in 42 countries supporting Kyiv, Microsoft said in…
more ...Sri Lanka PM Says Economy ‘Has Collapsed,’ Unable to Buy Oil
Sri Lanka’s debt-laden economy has “collapsed” after months of shortages of food, fuel and electricity, its prime minister told lawmakers Wednesday, in comments underscoring the country’s dire situation as it…
more ...Biden Considers Suspending Federal Gas Tax
U.S. President Joe Biden is due to speak Wednesday about gas prices and economic effects of Russia’s war in Ukraine as he considers whether to support suspending the nation’s federal…
more ...US Solar Developers to Spend $6B to Boost Domestic Panel Supplies
A group of U.S. solar energy project developers on Tuesday said they would jointly spend about $6 billion to support expansion of the domestic solar panel supply chain. The U.S.…
more ...Elon Musk’s $44 Billion Twitter Deal Gets Board Endorsement
Twitter’s board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday. Musk…
more ...Glencore UK Subsidiary Pleads Guilty to Bribery in Africa
A British subsidiary of mining and trading giant Glencore on Tuesday formally pleaded guilty to seven counts of bribery in connection with oil operations in Cameroon, Equatorial Guinea, Ivory Coast,…
more ...Investors Coping With Cryptocurrency Plunge
“I’m in a cryptocurrency chat group at work,” software engineer Adam Hickey of San Diego, California told VOA. Over the last few days, Hickey said, members of the group have…
more ...Stoppage is country’s largest rail strike in decades
British rail workers launched their biggest strike in decades on Tuesday. Last-minute talks to avoid the stoppage failed Monday, with the rail management and the Rail, Maritime and Transport Workers…
more ...IMF Delegation Visits Crisis-hit Sri Lanka With Time Running Out
An International Monetary Fund (IMF) team arrives in Sri Lanka on Monday for talks on a bailout program, but time is short for a country just days from running out…
more ...US Treasury Chief: Biden Considering Gas Tax Holiday, Chinese Tariff Cuts
U.S. President Joe Biden is considering declaring a federal gas tax holiday and curbing some tariffs on imported Chinese goods to help Americans cope with the surging cost of consumer…
more ...Bitcoin Drops Below $20,000 as Crypto Selloff Quickens
The price of bitcoin fell below $20,000 Saturday for the first time since late 2020, in a fresh sign that the sell-off in cryptocurrencies is deepening. Bitcoin, the most popular…
more ...WTO Ministers Reach Deals on Fisheries, Food, COVID Vaccines
After all-night talks, members of the World Trade Organization early Friday reached a string of deals and commitments aimed at limiting overfishing, broadening production of COVID-19 vaccines in the developing…
more ...Wall Street Tumbles on Fears for Economy as More Rates Rise
Fear swept through financial markets Thursday, and Wall Street tumbled as worries roared back to the fore that the world’s fragile economy may buckle under higher interest rates. The S&P…
more ...Recession Is ‘Not Inevitable,’ Biden Says in AP Interview
President Joe Biden told The Associated Press on Thursday that the American people are “really, really down” after a tumultuous two years with the coronavirus pandemic, volatility in the economy…
more ...Amid Inflation Worries, Fed Delivers a Higher-Than-Expected Rate Hike
Amid a major stock market downturn, sharply rising inflation, and plummeting consumer confidence, the Federal Reserve Board interest rate-setting body decided Wednesday to raise interest rates by three-quarters of 1%…
more ...US Federal Reserve Imposes Large Interest Rate Hike
The U.S. Federal Reserve announced Wednesday it would raise interest rates by the largest amount in nearly 30 years in an effort to cool inflation without tipping the economy into…
more ...Cartier and Amazon Target Knock-offs in US Lawsuits
Amazon and Cartier joined forces Wednesday in U.S. court to accuse a social media influencer of working with Chinese firms to sell knock-offs of the luxury brand’s jewelry on the…
more ...Biden Tells Oil Refiners: Produce More Gas, Fewer Profits
President Joe Biden on Wednesday called on U.S. oil refiners to produce more gasoline and diesel, saying their profits have tripled during a time of war between Russia and Ukraine…
more ...Study: Facebook Fails to Catch East Africa Extremist Content
A new study has found that Facebook has failed to catch Islamic State group and al-Shabab extremist content in posts aimed at East Africa as the region remains under threat…
more ...LogOn: Companies Are Building the ‘Metaverse’ but What Is It?
Often touted as the next digital shift, the metaverse comprises three-dimensional online spaces where people can work, shop, play games, go to concerts and so on. Michelle Quinn on what…
more ...The S&P 500 is in a Bear Market; Here’s What That Means
Wall Street is back in the claws of a bear market as worries about inflation and higher interest rates overwhelm investors. The Federal Reserve has signaled it will aggressively raise…
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