Economy

The Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead.  In a statement after its…
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Zambian authorities say trade between the country and China increased to more than $5 billion in 2022, bringing an influx of Chinese products into local markets. Some Zambians appreciate having more choices, but others aren’t happy about…
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As Afghans residing illegally in Pakistan leave on Islamabad's orders, many local business owners are worried about labor shortages and a decline in business activity. VOA Pakistan Bureau Chief Sarah Zaman reports from the bulk produce…
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A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the…
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Indonesia will exclude coal-fired power plants operated by industrial estates from its investment plan for a G7-led funding program to decarbonize its power sector, sources drafting the document told Reuters. The decision means Jakarta…
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Alan Mazzotti can see the Rocky Mountains about 30 miles west of his pumpkin patch in northeast Colorado on a clear day. He could tell the snow was abundant last winter, and verified it up close when he floated through fresh powder…
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Jeep maker Stellantis reached a tentative contract agreement with the United Auto Workers union on Saturday.  The Stellantis deal, which still must be ratified by members, leaves only General Motors without an agreement with the union.…
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Ugandan economists and officials expressed confidence in the country’s economy and urged investors to ignore a U.S. government advisory about risks they may face if they conduct business there. The advisory, in the U.S. 2023 Investment…
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The U.S. economy grew at its fastest pace in nearly two years in the third quarter as higher wages from a tight labor market helped to power consumer spending, again defying dire warnings of a recession that have lingered since 2022.…
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Zimbabwe's vice president on Wednesday said the country has lost more than $150 billion due to sanctions imposed by the European Union and countries such as the United States following reports of election rigging and human rights abuses in…
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