Economy

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Key Insights on China’s Legislative Session and Economic Growth

BEIJING — China has initiated its yearly parliamentary gathering, the National People's Congress, underscoring key governmental priorities for the upcoming year. Premier Li Qiang highlighted the significance of stabilizing the economy and...

Retaliatory Tariffs Hit Trump from Mexico, Canada, China

In a significant shift of trade policy, President Donald Trump on Tuesday initiated a trade conflict with the United States' top trading partners, prompting swift retaliatory measures from Mexico, Canada, and China....

Trudeau Criticizes Trump over Canada Trade War and Putin Ties

TORONTO — In an impassioned address held on Tuesday, Canadian Prime Minister Justin Trudeau bluntly criticized the latest trade maneuvers of the United States. He described the tariffs imposed by President Donald...

EXCLUSIVE

China Imposes 15% Tariffs on US Farm Imports

In a significant escalation of the trade tensions between China and the United States, Beijing announced plans to impose new tariffs on a range...

Border Prices Surge Before Trump’s Tariffs

Companies that rely on international trade were already struggling with increased prices in anticipation of the new 25% tariffs on Mexican and Canadian imports,...

China’s Legislature to Focus on AI and Economy

BEIJING – As China’s legislature prepares to convene on Wednesday, several key topics are poised to dominate discussions, with a strong emphasis on leveraging...

Kroger CEO Steps Down After Conduct Probe

Kroger, the largest grocery chain in the United States, announced a change in its leadership following the resignation of Chairman and CEO, Rodney McMullen....

Musk’s Politics Could Impact Tesla Sales and Stock

In New York, a yearly disclosure by Tesla highlights potential risks ranging from lawsuits to battery fire incidents, with little emphasis on CEO Elon...

Europe’s Inflation Drops to 2.4%, Boosting Rate Cut Chances

In February, inflation within the eurozone decreased to an annual rate of 2.4%, highlighting the potential for another interest rate reduction from the European...

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GOP Reconsiders Limiting the Growing Medicaid Program

In the heart of Louisiana, where Republican House Speaker Mike Johnson secured an impressive reelection victory, a significant number of newborns—more than 60%—enter the...

Trump Trade Wars: Potential Impact on US Auto Industry

In Detroit, looming trade disputes led by President Donald Trump are casting a shadow over the future of America's auto industry. The proposed imposition...

24-hour Boycott: Impact on the Economy?

NEW YORK — A social media-driven "economic blackout" unfolded on Friday with unclear results regarding participation and whether it made an impact on major...

Consumer Spending Declines Despite Inflation Drop

WASHINGTON — A significant economic indicator showed a decrease last month, suggesting that inflation might be starting to ease, though potential new tariffs from...

Overseas Workers Boost Spain’s Economy Beyond US, EU

In a sprawling production facility located in Guissona, Spain, workers from 62 different nationalities collaborate seamlessly to maintain the operations of a thriving food...

SSA Might Slash Workforce by Half

WASHINGTON — The Social Security Administration (SSA) is gearing up to implement a plan that would lay off a significant portion of its 60,000...

24-Hour Boycott: Can it Impact the Economy?

A growing grassroots initiative in the United States is rallying residents to refrain from spending money on Friday as a form of "economic resistance."...

CFPB Withdraws Legal Actions Against Capital One, Others

NEW YORK – The Consumer Finance Protection Bureau (CFPB) has decided to drop a series of enforcement actions against prominent companies such as Capital...

Morocco advises against purchasing Eid al-Adha sheep

In Rabat, Morocco, King Mohammed VI has taken an unusual step by advising families to refrain from purchasing sheep for the upcoming Eid Al-Adha,...

MacArthur to boost donations for upcoming two years

NEW YORK - In light of what it describes as a "crisis" caused by the Trump administration's suspension of federal foreign aid and the...

Senate Approves Jamieson Greer as Chief Trade Negotiator

In Washington, the U.S. Senate has approved Jamieson Greer, who played a key role during President Donald Trump's initial term in tackling economic disputes...

BP Cuts Net Zero Budget to Prioritize Oil and Gas

LONDON — British energy conglomerate BP announced a significant shift in its strategic focus on Wednesday, opting to cut back on investments in green...

US Dockworkers Approve 6-Year Deal, Strike Avoided

In a significant development for the U.S. economy, dockworkers on the East and Gulf coasts have solidified a six-year agreement, effectively staving off a...

Increased Social Security for Ex-Public Workers

In Washington, over 3.2 million individuals who benefit from Social Security and have previously served as teachers, firefighters, police officers, and in other public...

Bitcoin Dips Below $90K, Reversing Some Trump-Era Gains

The value of bitcoin has slipped below $90,000 amidst a broad decline in cryptocurrency prices, erasing some of the notable advances made since President...

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