Economy

OSLO, NORWAY — Denmark's Maersk and German rival Hapag-Lloyd said on Tuesday their container ships would continue to avoid the Red Sea route that gives access to the Suez Canal following a weekend attack on one of Maersk's vessels. Both…
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BUENOS AIRES, ARGENTINA — Argentine judges on Wednesday suspended labor law changes that form part of a decree of sweeping economic reforms and deregulation announced by the country's new libertarian president, Javier Milei. The CGT trade…
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NEW YORK — United Nations economists are forecasting low growth globally this year, as recovery from the COVID-19 pandemic remains uneven internationally and wild cards such as climate shocks and geopolitical tensions could undermine…
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KAMPALA, UGANDA — Days after the United States removed Uganda from an economic assistance program due to human rights concerns, Uganda's president harshly criticized the West. In a speech Thursday, President Yoweri Museveni urged lawmakers…
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ROME — As Italy assumes the rotating presidency of the Group of Seven leading industrial nations, Prime Minister Giorgia Meloni said this week that a focus on developing strategic partnerships with Africa, rather than providing aid, will be…
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LOS ANGELES, CALIFORNIA — Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop — but it is hardly the only issue that big carriers are facing as 2024 kicks off. Giants like Maersk say the industry, which…
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Taipei, Taiwan — For 61-year-old atemoya farmer Tsou Yun-shing in Taiwan’s Taitung County, the last two years have been a tough time for his business. Since China banned the import of atemoyas from Taiwan in September 2021, his revenues…
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Geneva — The International Labor Organization warns global unemployment is set to rise this year, putting a brake on the gradual recovery of nations from the dire economic straits brought about by the COVID-19 pandemic. Data from the ILO’s…
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London — False and misleading information supercharged with cutting-edge artificial intelligence that threatens to erode democracy and polarize society is the top immediate risk to the global economy, the World Economic Forum said in a…
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London — More than 60 world leaders will join hundreds of business executives and campaigners at the Swiss ski resort of Davos Monday for the five-day annual meeting of the World Economic Forum, where they will discuss some of the biggest…
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