Economy

MOSCOW — The shelves at Moscow supermarkets are full of fruit and vegetables, cheese and meat. But many of the shoppers look at the selection with dismay as inflation makes their wallets feel empty. Russia's Central Bank has raised its…
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NEW YORK — Expect big discounts and other enticements to lure shoppers to stores for Black Friday. But retailers worry those may not be enough. Consumers are coming under pressure as their savings dwindle and their credit card debt grows.…
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New York — Stocks slipped on Wall Street Monday ahead of some key reports this week on the job market that might provide more insight into the Federal Reserve’s thinking about interest rates. The S&P 500 was off 0.9%. The index is…
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Hong Kong — Ratings agency Moody's downgraded the outlook on Hong Kong's credit rating to negative from stable on Wednesday, following a similar change for China the day before. The city's economy was buoyed by China's post-pandemic…
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Taylor Swift's Eras Tour is the first tour to cross the billion-dollar mark, according to Pollstar's 2023 year-end charts. Not only was Swift's landmark Eras Tour the No. 1 tour both worldwide and in North America, but she also brought in…
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As worries mount about unsustainable levels of debt in the Chinese economy, a major ratings firm on Tuesday announced that it has changed its outlook for China's sovereign debt to negative. Moody's Investors Service warned that high…
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Ratings agency Moody's cut its outlook on China's government credit ratings to negative from stable on Tuesday, in the latest sign of mounting global concern over the impact of surging local government debt and a deepening property crisis…
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Several thousand members of the Free Union of Iranian Workers went on strike Saturday against the Isfahan Steel Company, seeking higher wages and better working and living conditions. The scale and extent of the strike was significant,…
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U.S. Vice President Kamala Harris announced Saturday in Dubai at the U.N. COP28 Climate Conference that the United States is pledging $3 billion to the Green Climate Fund — the world’s largest climate fund — created to help developing…
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Gearing up for his 2024 reelection bid, U.S. President Joe Biden on Wednesday touted his "Bidenomics" agenda, contrasting his vision to build the economy "from the bottom up and the middle out" with that of so-called MAGA Republicans who…
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