Economy

Washington — Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity levels and fuel global growth, the IMF chief told AFP. AI will affect 60% of jobs in…
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Frankfurt — The German economy shrank slightly in 2023, official data showed Monday, as costly energy, high interest rates and cooling foreign demand took their toll on Europe's export giant. Output contracted by 0.3 percent year-on-year,…
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The world is on course to see its first trillionaire by the end of the decade, according to a report by Oxfam. The charity is warning of a big increase in global inequality, fueled by growing corporate power – as hundreds of world leaders…
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The health of the economy often plays a big role in how Americans vote in general elections, including for the next president. This year, there are early signs that other issues are equally important to people as they prepare to cast their…
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Although India’s economy is growing at a fast rate, it is still not creating enough employment for its massive young population. The government is wooing global manufacturers to generate more jobs, but opportunities are not keeping pace…
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WASHINGTON — China brought a large delegation to this year's World Economic Forum in Davos to try to convince the world that the globe's second-largest economy is still open for business and a reliable place to invest. But analysts say…
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Abuja, Nigeria — Human rights group Amnesty International and other advocacy groups raised concerns Tuesday over British oil giant Shell's sale of its onshore businesses in Nigeria. Shell announced Tuesday it had concluded plans to sell the…
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TAIPEI, TAIWAN — Chinese authorities approved 105 new online games this week, bolstering support for the industry just days after proposing regulatory restrictions that sent stocks tumbling. The National Press and Publication Administration…
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WASHINGTON — An influx of Chinese investors in Vietnamese supporting industries could cause domestic businesses to suffer from the competition, the president of the Vietnam Association for Supporting Industries warned. Phan Dang Tuat’s…
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Beijing — China will step up policy adjustments to support an economic recovery in 2024, state media said on Tuesday, following an agenda-setting meeting of the country's top leaders. Investors are closely watching for clues on next year's…
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