Economy

Nigerian experts are hopeful that deals reached last week with Saudi Arabia will boost local oil production and help grow the economy. The deals included a pledge by Saudi officials to fix Nigeria’s four broken oil refineries, which haven’t…
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The U.S. House of Representatives voted 336-95 on Tuesday to approve a plan to avert a partial government shutdown on Saturday but at the same time push off contentious debates over spending priorities until early 2024. Current funding…
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With a government shutdown looming and a federal deficit that continues to climb, the bond rating firm Moody’s on Friday lowered its outlook for U.S. Treasury debt to “negative” from “stable.”   The change is a signal that Moody’s, the…
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Moody's on Friday lowered its outlook on the U.S. credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from U.S. President Joe Biden's…
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China's annual "Singles Day" sales bonanza wraps up at midnight Saturday, but consumers this year appear largely unswayed by its flashy deals and discounts as the world's second-largest economy slows. Conceived by tech giant Alibaba,…
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A new U.N. report paints a stark picture of the collapse of the Palestinian economy after a month of war and Israel's near total siege of Gaza. The gross domestic product shrank 4% in the West Bank and Gaza in the war's first month,…
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Businesses in the Ethiopian traditional clothing market say cheaper garments made by Chinese manufacturers is driving them out of work. Kennedy Abate has this report from the capital Addis Ababa, narrated by Vincent Makori.
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Farmers in the U.S. are closely connected to developments in Ukraine and are intently watching for clues about how the war is affecting not only farmers abroad, but also their own operations at home. VOA’s Kane Farabaugh has more from…
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Many members of the Asia-Pacific Economic Cooperation bloc may profit from the trend of U.S. companies moving production out of China and into countries with a solid relationship with the United States. VOA’s Jessica Stone explains what…
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African leaders are pushing for renewal of a preferential U.S. trade policy, set to expire in 2025, that allows them duty-free access to the U.S. market. Kate Bartlett spoke with U.S. trade representative Katherine Tai about U.S.-China…
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