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your ad hereChina’s Renewables, Oil Consumption Fit Gulf States, Analysts Say
Tel Aviv, Israel — During China’s annual national legislature this month, Premier Li Qiang announced plans to construct more solar and wind farms as well as hydropower projects. China is already the world’s largest producer of renewable energy and also holds near-monopolies on the globe’s renewable energy manufacturing and supply chain. …
your ad hereChinese-Built Airport in Nepal Raises Worries of Debt Trap
A China-funded international airport in Nepal opened more than a year ago but still hasn’t received international flights. With loan repayments for the Pokhara airport due to start soon, many worry Nepal has fallen into a debt trap. Henry Wilkins reports. …
your ad hereBiden Touts America’s ‘Future’ as Government Invests $8.5 Billion in Chipmaker Intel
Chandler, Arizona — President Joe Biden on Wednesday celebrated an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants around the country, talking up the investment in the political battleground state of Arizona and calling it a way of …
your ad hereUkrainian Drone Strikes Hit Russia’s Oil Revenues
A recent series of Ukrainian drone strikes targeting Russian oil refineries has significantly reduced Moscow’s processing capacity — as Kyiv and its allies aim to deprive Russia of its main source of revenue. Henry Ridgwell reports from London. …
your ad hereNew Study Reports Widespread Forced Labor Abuses
Bank of Japan Scraps Radical Policy, Makes First Rate Hike in 17 Years
Home Price Key Reason Some Voters Frustrated by US Economy
WASHINGTON — Lori Shelton can’t fathom ever having the money to buy a home — and that’s a major reason why so many voters feel down on the economy ahead of this year’s presidential election. Shelton, 67, drives an Uber to help pay rent in Aurora, Colorado. An advance on her …
your ad hereHome Buying Costs Could Fall in Big US Real Estate Group Settlement
Observers: US Investments in Philippines Seen Easing Reliance on China
Taipei, Taiwan — During a trade mission visit to Manila this week, U.S. Commerce Secretary Gina Raimondo announced plans to invest more than $1 billion in the Philippines’ tech sector and help double the number of semiconductor factories in the country. Observers say the pledge and visit highlight the Southeast Asian …
your ad hereUS Inflation Rises in February in Sign Price Pressures Remain Elevated
WASHINGTON — Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s reelection campaign, both of which are counting on a steady easing of price pressures this year. Prices rose 0.4% from January to …
your ad hereChinese Officials Acknowledge Economic Challenges
BEIJING — China needs to do more to boost employment and stabilize its property market, top officials acknowledged Saturday, as policymakers struggle to revive the country’s battered economy. Beijing is grappling with a prolonged property sector crisis, record youth unemployment and a global slowdown hammering demand for Chinese goods. Youth unemployment …
your ad hereUS Economy Adds 275,000 Jobs in February
International Women’s Day 2024: The Economy Has a ‘Female Face’
Egypt Says It Reached Deal With IMF to Increase Bailout Loan
CAIRO — Egypt said Wednesday it has reached a deal with the International Monetary Fund to increase a bailout loan to $8 billion. Prime Minister Moustafa Madbouly announced the news in televised comments on Wednesday. Egypt has for months negotiated with the IMF to increase a $3 billion bailout loan that …
your ad hereChina Unveils Ambitious Economic Growth Target Despite Weak Public Confidence
Taipei, Taiwan — China’s top leaders set an ambitious economic growth target of 5% for 2024 Tuesday, vowing to “seek progress while maintaining stability” amid a sluggish economy and weak confidence among investors and consumers. Delivering his first work report since assuming the second-most powerful position in China last October, Chinese …
your ad hereChina Unveils 5% Growth Target During Ceremonial Meeting of Parliament
China kicked off its annual session of parliament Tuesday in Beijing. VOA’s Bill Gallo, who attended the event, says Chinese leaders are trying to put a positive spin on the many economic problems they face. …
your ad hereChina Prepares for Annual Legislative Meetings Amid Economic Headwinds
Federal Reserve’s Preferred Inflation Gauge Picked Up Last Month in Sign of Still-Elevated Prices
WASHINGTON — An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month. The government reported Thursday that prices rose 0.3% from December to January, up from 0.1% in the previous month. But …
your ad hereFacing Chinese EV Rivals, Europe’s Automakers Squeeze Suppliers on Costs
London — Europe’s automakers and their already-stretched suppliers face a tough year as they race to cut costs for electric models to counter leaner Chinese rivals which are bringing cheaper vehicles to challenge them on their home turf. A big question is how much more Europe’s automakers can squeeze out of …
your ad hereDior Postpones Hong Kong Fashion Show ‘Indefinitely’
HONG KONG — Dior has postponed a fashion show set to be held in Hong Kong next month, a city official confirmed Saturday, dealing a blow to the financial hub’s ambitions to boost its economy through major events. Hong Kong is courting top international celebrities and brands in the hope of …
your ad hereUS Should Block Chinese Auto Imports From Mexico, US Makers Say
WASHINGTON — The U.S. government should block the import of low-cost Chinese autos and parts from Mexico, a U.S. manufacturing advocacy group said Friday, warning they could threaten the viability of American car companies. “The introduction of cheap Chinese autos — which are so inexpensive because they are backed with the …
your ad hereUkraine’s War-Battered Economy Shows Signs of Recovery
Ukraine’s economy shrank 29% in 2022, the year Russia launched its full-scale invasion. In addition, Ukrainian businesses were destroyed, exports were halted and millions of people were displaced. But in 2023, Ukranian officials’ say, the economy actually grew 5%. Eastern Europe Bureau Chief Myroslava Gongadze reports from Kyiv. …
your ad hereHere’s Why Farmers Are Protesting in Europe
PARIS — Farmers are protesting across the European Union, saying they are facing rising costs and taxes, red tape, excessive environmental rules and competition from cheap food imports. Demonstrations have been taking place for weeks in countries that include France, Germany, Belgium, the Netherlands, Poland, Spain, Italy and Greece. While many …
your ad hereNigeria Grapples with Soaring Inflation, Plummeting Currency
ABUJA, Nigeria — Nigerians are facing one of the West African nation’s worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger and protests across the country. The latest government …
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