Economy

Nigeria's weak electric grid had led many of its citizens to rely on gasoline-fueled generators for power. But the president's controversial removal of a costly fuel subsidy in May saw gasoline prices triple, spurring Nigerians to switch to…
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The U.S. Department of Agriculture is seeking to lower food prices and boost competition by joining with 31 states and Washington, D.C., to target price fixing and other anticompetitive behavior in the food and agriculture sectors.  The…
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U.S. Treasury Secretary Janet Yellen this week said that if the Biden administration issues expected new rules limiting outbound U.S. investment in China, they will not be highly disruptive to trade between the two countries, and will focus…
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Consensus eluded a meeting of finance ministers and central bank governors of the Group of 20 countries that ended Tuesday in India as members failed to bridge their differences on Russia’s war in Ukraine. “We still don’t have a common…
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On the heels of a trip to Beijing, U.S. Treasury Secretary Janet Yellen is back in India for the third time in nine months, this time to meet finance ministers from the Group of 20 nations about global economic challenges like the increased…
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Britain's financial watchdog on Monday proposed toughening up safeguards against the illegal marketing of financial products on social media by applying a stringent "consumer duty" that is being rolled out to banks, funds and insurers on…
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China's economic growth missed forecasts in the second quarter of the year, adding to worries over surging youth unemployment and a weak property sector and raising the likelihood the government will double down on support for the faltering…
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Redoubling support for war-stricken Ukraine is the "single best" way to aid the global economy, U.S. Treasury Secretary Janet Yellen said Sunday, along with boosting emerging economies and tackling debt distress.Yellen also said on the…
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Elon Musk says Twitter is still losing cash because advertising has dropped by half. In a reply to a tweet offering business advice, Musk tweeted Saturday, "We're still negative cash flow, due to (about a) 50% drop in advertising revenue…
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On a recent cross-border shopping trip, four friends from Fray Bentos, Uruguay, visited the nearby Argentine city of Gualeguaychú, where they could afford to live lavishly and snap up eye-popping bargains. Thanks to a huge disparity in…
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