Economy

Bangkok — For many countries in Southeast Asia, Chinese investment and tourism are key to their economies. However, cheap low-quality Chinese products that are flooding markets across the region are also raising concerns about how they are…
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The U.S. Federal Reserve on Wednesday lowered its target interest rate but signaled it might take longer than previously expected to bring inflation down to the central bank’s target rate of 2% per year. That means there will likely be…
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NAIROBI, KENYA — Kenya's president said Tuesday that a mass livestock vaccination campaign will continue despite fears of some herders and farmers that the inoculations will somehow hurt their animals. Kenyan President William Ruto lashed…
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After the fall of the regime of Bashar al-Assad, the value of the Syrian currency increased against the U.S. dollar, but the price of goods remains high. Residents say that traders are exploiting this situation and that official monitoring…
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ZURICH — The Financial Stability Board (FSB) on Wednesday pitched recommendations for governments to reduce risks around hedge funds, insurers and other non-bank financial intermediaries, which now account for almost half of global…
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BANGKOK — Japanese automakers Nissan Motor Corp. and Honda Motor Co. confirmed Wednesday that they are discussing closer collaboration but denied reports they have decided on a merger. Nissan’s share price soared more than 22% in Tokyo…
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Tokyo — Japan wants renewable energy to account for up to 50% of its electricity mix by fiscal year 2040 with nuclear power taking up another 20%, according to a draft of its revised basic energy policy, as it makes a clean energy push…
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GENEVA — Migrants play a crucial role in the global economy by filling essential jobs in foreign countries and sending much-needed remittances to their home countries, according to a report released Monday by the International Labour…
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On the U.S. West Coast, conservationists for the world's largest dam-removal project are both celebrating initial successes and encountering short-term obstacles. VOA's Matt Dibble has our story from the Klamath River on the border between…
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In the Pacific Northwest, the world’s largest river restoration project has removed hydroelectric dams from the Klamath River to help migrating salmon. The project emptied a lake beloved to its surrounding community. VOA's Matt Dibble went…
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